More Cos. From TSX Venture 50's Dramatic Shift in Mining Sector Sentiment

1. As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Silver X Mining Corp., Trident Resources Corp., and West Point Gold Corp.
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This year's TSX Venture 50 list showcases a notable shift in sentiment towards the mining sector, Melissa Pistilli of Investing News Network reported on February 20.

The TSX Venture 50 ranks the top companies from over 1,600 listed on the TSX Venture Exchange, based on their annual performance across three criteria: one-year share price appreciation, market cap growth, and Canadian consolidated trading value. Due to a tie in the ranking system, this year's list includes 51 companies.

Collectively, these companies have achieved an average share price appreciation of 431%, a significant increase from last year's 207%, and have collectively raised CA$1.5 billion in new capital. The market value growth for these companies reached an impressive 775%, resulting in CA$17.9 billion in market cap creation, more than doubling the 333% average from 2025 and marking the largest annual gain since the inception of the TSX Venture 50 list in 2006.

Despite global economic uncertainties, the exceptional performance of the TSX Venture 50 companies underscores strong investor confidence in Canadian capital markets.

Robert Peterman, chief commercial officer at TSX & Global Capital Formation, remarked, "The Venture 50 list this year really does reflect the global interest in mining and this entrance into a commodity super cycle."

Topping the TSX Venture 50 rankings this year is Santacruz Silver Mining Ltd., followed by Ucore Rare Metals Inc., Millennial Potash Corp., 1911 Gold Corp., and TDG Gold Corp.

However, share appreciation, which reflects the growth of a company's perceived value without the influence of share issuance, is considered a more significant metric. By this measure, Prospector Metals Corp. leads with a 1,130% increase in share value year-over-year, while Santacruz Silver Mining Ltd., the top company by overall ranking, saw its shares grow by 1,103%.

As part of our continuing series spotlighting the members of the list, this article highlights those ranked 18 to 34 on the list of 50 equities for share appreciation last year.

Benz Mining Corp. — 479% Share Price Increase

Benz Mining Corp. (BZ:TSX.V) is currently ranked 46th overall in the mining sector but has experienced a notable 479% appreciation in share price alongside a 798% growth in market capitalization to land at No. 17 in the share price rankings.

As a company focused solely on gold exploration and development, Benz boasts ownership of 100% of the Glenburgh and Mt Egerton Gold Projects located in Western Australia, as well as the Eastmain Gold Project in Quebec.

The company's approach to mining is heavily influenced by geological insights and the pursuit of discovery, according to TSX. By integrating deep structural geology expertise with cutting-edge exploration technologies, Benz specifically targets high-grade gold systems situated in regions characterized by high metamorphic terranes. This strategic methodology has significantly propelled the development of the Glenburgh site, which Benz views as an evolving multi-million-ounce gold district. Additionally, this approach has facilitated the identification of a high-grade resource estimated at 1 million ounces (Moz) at the Eastmain project.

On February 17, the company shared updates on its exploration activities and forthcoming plans at Glenburgh. Chief Executive Officer Mark Lynch-Staunton expressed enthusiasm about the project's progress, stating, "Glenburgh has reached a genuine inflection point. Over the past 12 months, Benz has done the hard technical work required in high-grade metamorphic terrain — integrating drilling, mapping, and structural interpretation — to move Glenburgh from a set of historical prospects into a coherent geological system that can now be targeted systematically."

A major highlight from the recent developments is the discovery of Thunderbolt, a new camp-scale opportunity within the mining lease. Historically overlooked due to shallow transported cover and limited drilling, Thunderbolt is believed to share the same geological architecture as the outcropping camps.

"We are genuinely excited by the scale of the opportunity it represents as a new growth front for the project," Lynch-Staunton said.

With a robust financial position boasting AU$94 million pro forma cash, Benz is well-prepared to expedite its exploration efforts. The company has planned an extensive drilling program for 2026, which includes over 250,000 meters across exploration and resource definition. This initiative aims to not only accelerate drilling across the Mining Lease but also expand regional target generation across the broader district trend and advance scoping-level work in parallel.

The Glenburgh Gold District is entering a new chapter, with surface mapping completed by Benz geologists in 2025, having resolved the project-scale geology into a series of formations or packages of comparable metamorphosed lithologies. The focus has been on the Piston Formation, which includes biotite-rich gneissic rock derived from metasediments, amphibolite after mafic rocks, and metamorphosed chert and magnetite layers. This detailed geological analysis has advanced the structural understanding of Glenburgh to a point where individual prospect names are becoming redundant, and three distinct major camps defined by large-scale fold geometries in the gneissic rock are emerging.

According to a review of the stock by Technical Analyst Stewart Thomson on August 11, 2025, said the company was "another promising junior I've been spotlighting for investors."

"No investor is going to call all the twists and turns of a 40-year inflation cycle," Thomson wrote. Trying to successfully jump in and out of the junior gold stocks market in the infancy of that cycle is a difficult feat to achieve . . . especially if it's done with the bulk of an investor's capital. A big investing mantra in the junior mining sector is that if an investor buys lots of miners, a couple of them could become big winners. It's a lottery mindset."

He continued, "In contrast, I'll submit that now, and perhaps for the next 35 years, miners that don't perform incredibly well are going to be in the minority. The time to be nervous about gold stocks is during a deflationary cycle, because most rallies are not sustained and are followed by brutal declines. It's the opposite in an inflation cycle like this one; the declines tend to end fast, and most gains are sustained."

Despite rising on six of the last 10 days, the stock has decreased by -5.79% over this period, according to a March 3 AI analysis of the stock by StockInvest.us, on March 2.

Trading volume increased, with an additional 111,000 shares changing hands compared to the previous session, yet this occurred alongside the price drop. This pattern of increased volume on falling prices might serve as an early warning, suggesting a potential rise in risk in the days ahead.

Currently, Benz Mining Corp. stock is positioned within a broad and robust upward trend in the short term, indicating potential for further gains, the analysis noted. Based on the existing trend, the stock is projected to climb 120.81% over the next three months. With a 90% probability, it is expected to reach a price range between CA$5.85 and CA$8.34 by the end of this period, the site said. However, several market signals and indicators are showing negative trends, which could influence the stock's performance in the coming days and possibly weeks.

"However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this three-month period," the analysis continued.

For more information, read Benz Mining's investor presentation on its website.

1911 Gold Corp. — 468% Share Price Increase

1911 Gold Corp. (AUMB.V), which holds the fourth rank overall in the mining sector, has demonstrated remarkable financial performance with a 468% appreciation in share price and a 1,026% growth in market capitalization. The company is primarily engaged in advanced gold exploration and development, focusing on the wholly-owned True North Gold Project located in the Archean Rice Lake Greenstone Belt in Manitoba.

1911 Gold boasts control over a significant and highly prospective land package that includes several past-producing gold operations, TSX noted. These operations are all conveniently located within trucking distance from the fully constructed and operational True North mine and mill complex. The company's strategic vision involves developing a district-scale gold mining operation centered around this existing, easily expandable infrastructure.

On February 20, 1911 announced its entry into a loan agreement with Auramet International Inc., securing a US$30 million secured credit facility. This financial infusion is earmarked for advancing significant operational milestones at the True North Gold Project. Specifically, the funds will be allocated for purchasing essential mining equipment, further underground development at the True North mine, and installing a new crushing circuit at the mill.

"We are very pleased to secure this credit facility with Auramet, a group that has a long and successful history with the True North Gold Project and a deep understanding of its potential," President and Chief Executive Officer Shaun Heinrichs said. "This US$30 million facility provides the necessary funding to advance the restart plan outlined in our recently released PEA, which showcased a high-return, low-capital-intensity path back to production. By securing this financing, we remain well-capitalized to achieve our key operational milestones at Rice Lake as we position 1911 Gold for a restart in 2027."

This strategic financial move is aimed at bolstering the company's resources as it prepares for a projected restart of operations in 2027.

1911 oversees a substantial and promising land package of approximately 62,000 hectares, featuring numerous past-producing gold operations conveniently located within trucking distance of the fully operational and permitted True North mine and mill complex.

Looking ahead, 1911 Gold said it is gearing up to restart operations in 2027, presenting a unique narrative of near-term production coupled with significant exploration potential. The company's strategic plan involves developing a district-scale gold mining operation centered around a centralized and easily expandable infrastructure. This setup aims to support a socially and environmentally responsible, long-term mining operation with minimal development risk and an expanding mineral resource base.

Additionally, the True North complex and the surrounding exploration land are located within the territories of the Hollow Water First Nation and the Black River First Nation. 1911 Gold is committed to fostering open, cooperative, and respectful communications with all local communities and stakeholders, aiming to build mutually beneficial relationships.

"1911 Gold has drawn fresh attention after securing a US$30 million credit facility from Auramet International Inc., intended to fund equipment purchases, underground development, and mill upgrades at the True North Gold Project," noted a report March 3 on Simply Wall St.

This financing arrangement prompts investors to consider how the secured debt, along with associated fees and warrants, might impact the company's capital structure, project timelines, and the potential for dilution in the coming years, the report noted.

Following a period of significant activity, including a presentation at the PDAC 2026 conference, 1911 Gold has experienced robust momentum, evidenced by a 90-day share price return of 40.82% and a substantial one-year total shareholder return. This financial move comes at a time when the company's stock is trading at CA$1.38, with an analyst price target of CA$2.30, according to the article, raising questions about whether the recent market rally is just the beginning or if future growth has already been factored into the current price.

According to an AI analysis of AUMB on March 3 on the website StockInvest.us, 1911's stock price experienced a significant rise of 13.11% on March 2, climbing from CA$1.22 to CA$1.38. This marked the fourth consecutive day of gains for the stock, sparking curiosity about whether this upward trend will persist or if a brief pause might occur in the coming days. Throughout the trading day, the stock showed notable volatility, fluctuating 9.23% between a low of CA$1.30 and a high of CA$1.42. Over the last 10 days, the stock has risen on eight occasions, culminating in a 46.81% increase over the past two weeks.

Positioned within a robust and broad upward trend in the short term, the stock is expected to continue its ascent. Projections suggest a potential rise of 16.81% over the next three months, with a 90% probability of the stock price stabilizing between CA$1.12 and CA$1.74 by the end of this period, the site said.

"1911 Gold Corp. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend," the analysis noted. "We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next three months."

Read 1911's investor presentation for more information.

Silver X MIning Corp. — 454% Share Price Increase

Silver X Mining Corp. (AGX:TSX.V; AGXPF:OTC) ranked eighth in the mining sector and saw a substantial 454% increase in share price and a 659% growth in market capitalization.

The company is a burgeoning silver producer and developer, focusing on the Nueva Recuperada Project in Peru. This project encompasses a district-scale land package of 20,795 hectares, featuring two mining units and over 200 targets.

Currently, Silver X is enhancing production at the Tangana Mining Unit and is also planning to restart operations at the Plata Mine. These developments are part of a strategic plan to achieve an annual production rate of approximately 6 million AgEq ounces by 2029.

"Achieving our first ranking in the TSX Venture 50 is an exciting milestone and a reflection of the years of work our team has dedicated to building Silver X into a growing, premier silver company," said President and CEO José Garcia of making the TSX list. "The strong share performance over the past year highlights the progress we've made and, importantly, the opportunity we continue to see ahead. With production increasing at Tangana, Plata advancing toward production, and ongoing resource expansion, we believe Silver X is entering a compelling new phase of growth. Our purpose remains clear — to become a leading silver company by unlocking asset value, driving profitable growth, and delivering responsible, lasting stakeholder value — and we are committed to executing that vision for the long term."

In January, Silver X announced results from the initial three underground diamond drill holes of its deep exploration program at the Blenda Rubia Mine, located within the Nueva Recuperada Project in central Peru. This exploration effort successfully extended the silver polymetallic mineralization by up to 160 meters below the levels historically mined, confirming the vertical continuity of the mineral system, the company said. The drilling intersected multiple veins and veinlets, including a notably broad mineralized zone measuring 27.4 meters in true width.

Garcia highlighted the significance of the wide, structurally robust mineralized zone discovered in drill hole BR-003, which includes a high-grade silver core. Garcia emphasized the potential of Blenda Rubia to become a key contributor to the Nueva Recuperada complex, noting the strategic advantage of its proximity to the company's processing infrastructure in converting exploration successes into future development opportunities.

Blenda Rubia, a past-producing underground mine adjacent to the Recuperada mill, was operational until the mid-1990s. Historical mining was primarily conducted at shallow levels, with development and exploration not extending beyond four levels deep (Level 210). Mining activities ceased during a period of low silver prices and domestic turbulence, when silver was priced around US$5–6 per ounce, which restricted the economic viability of extracting deeper mineralization.

AGX has seen a remarkable year-over-year gain of 264%, significantly outperforming the Junior Silver Miners ETF, which rose by 124%. This surge was largely fueled by a 121% increase in silver prices, reaching a record high of US$64 per ounce. Capitalizing on robust market sentiment, AGX successfully completed a CA$22 million equity financing in Q3, substantially bolstering its financial position. Additionally, the company recently generated CA$1 million from warrant exercises and has the potential to raise another CA$27 million from in-the-money options and warrants.

Despite these financial achievements, AGX's Q3 results fell short of expectations due to a decline in production, attributed to reduced throughput and grades, which have been decreasing quarter-over-quarter for the past three quarters. The company explained that the Q3 downturn was due to temporary issues with contractors, which have since been resolved, leading to an anticipated stronger performance in Q4.

Looking ahead to 2026, AGX plans to double its throughput from 500 tons per day to approximately 1,000 tons per day by mid-year, supported by a CA$5 million capital expenditure, according to an updated research note by Sid Rajeev for Fundamental Research Corp. on December 11, 2025. This increase is expected to potentially boost production by 50-100%, although this may be partially offset by lower grades.

In September, an updated Preliminary Economic Assessment (PEA) was completed, supporting the expansion of two mining operations with a potential production increase to 6 Moz per year, up from approximately 1 Moz. Furthermore, AGX is planning its largest-ever drill campaign, a 40,000-meter resource update/expansion, which could significantly enhance its resource estimates as multiple veins have yet to be included.

The outlook for silver remains positive, with expectations of continued U.S. dollar weakness and strong demand for safe-haven assets amid economic and geopolitical uncertainties, the analyst wrote. The Silver Institute also forecasts that the market will experience a deficit for the sixth consecutive year in 2026.

Silver X is a Buy with a Fair Value price target of CA$1.34, Rajeev said.

For more information, read the company's investor presentation.

Silver Viper Minerals Corp. — 453% Share Price Increase

Silver Viper Minerals Corp. (VIPR:TSX.V; VIPRF:OTCQB) ranked 41st overall and experienced a significant 453% appreciation in share price and a remarkable 2,510% growth in market capitalization.

As a Canadian-based junior mineral exploration company, Silver Viper is dedicated to advancing precious metals projects across Mexico. The company's portfolio is highlighted by several key projects including the flagship La Virginia Gold-Silver Project located in Sonora, the Coneto Gold-Silver Project in Durango which is currently in the acquisition phase, and the Cimarron Gold-Copper Project in Sinaloa.

"We are honored to be recognized by the TSX Venture Exchange as one of the top 50 performing companies for 2026," Chairman Adam Cegielski said when the company joined the TSX list. "This achievement reflects the strength of our business strategy, the quality of our asset base, and the dedication of our team. We are grateful for the continued support of our shareholders, partners, and stakeholders, and we remain focused on advancing our exploration and development programs, strengthening our balance sheet, and pursuing strategic initiatives that position the company for long-term success while delivering sustainable value for shareholders."

On January 23, Silver Viper announced the immediate appointment of Rakesh Malhotra as Chief Financial Officer. Malhotra brings to Silver Viper over three decades of rich financial leadership experience, having worked with both public and private companies. His areas of expertise include accounting, capital markets, corporate governance, financial reporting, and spearheading strategic growth initiatives.

Amidst a period of significant volatility in the silver markets, Silver Viper Minerals has shown remarkable resilience, according to a March 3 report on Ad Hoc News.

As the exploration company steps into the new year, it does so fortified by an exceptional performance in the previous year and a strong financial reserve, the website noted.

Analysts point to two main reasons for this resilience: Silver Viper's diverse project portfolio in Mexico and its distinctive shareholder structure. A significant share of the company's equity is held by institutional investors and internal management, resulting in a limited public float. This configuration makes the stock particularly responsive to positive news.

"With the launch of its large-scale drilling program expected during 2026, operational progress will move to the forefront. The forthcoming assay results will be crucial" for the company, Ad Hoc News said.

Read the company's investor presentation for more.

White Gold Corp. — 442% Share Price Increase

White Gold Corp. (WGO:TSX.V; WHGOF:OTCQX; 29W:FRA) has experienced significant growth with a 442% increase in share price and a 443% rise in market capitalization, ranking 23rd in the mining sector.

The company holds an extensive portfolio in the Yukon's emerging White Gold District, owning 15,364 quartz claims across 21 properties that span over 305,102 hectares, which constitutes about 40% of the district. White Gold Corp.'s principal White Gold project comprises four near-surface gold deposits. These deposits collectively boast a resource estimate of 1,732,300 ounces of gold in indicated resources and 1,265,900 ounces of gold in inferred resources, positioning the company as a key player in the region's mining industry.

On February 26, the company announced promising assay results from its 2025 diamond drilling program at the Golden Saddle and Arc deposits, part of the White Gold Property in west-central Yukon. The drilling efforts have been particularly successful in expanding the known areas of high-grade gold mineralization.

Notably, drill hole WHTGS25D0216 at the Golden Saddle deposit intersected high-grade gold, yielding 3.23 grams per tonne gold (g/t Au) over 56.1 meters. This result extends the width of the high-grade core by more than 50m to the west at a vertical depth of 350 meters, showcasing the potential for further expansion in multiple directions. The same hole also confirmed the continuity of key mineralization, lithology, and structural features in the Footwall breccia zone beneath the current pit shell, the company said.

Additionally, multiple lenses of gold mineralization were identified in the shallow hanging wall zone, supporting recent 3D modeling refinements and confirming the prospectivity of assaying unsampled historic drill intervals in this area.

At the Arc deposit, drilling results included high-grade gold intercepts such as 2.73 g/t Au over 4.35m in WHTAR25D038, among other significant gold intercepts across parallel mineralized panels. Previously, Arc mineralization was primarily defined along a 1.5-kilometer strike from northwest to southeast and to a vertical depth of about 120 meters. The latest drilling has extended this mineralization down plunge by at least 100 meters, with the zone remaining open for further exploration.

WGO's White project is recognized as the highest-grade gold resource held by a junior in the Yukon and is considered one of the most attractively priced, strategically located undeveloped gold assets in the territory, analyst Varun Arora said in a January 21 research note for Clarus Securities.

The project is poised to benefit from significant planned infrastructure investments and its proximity to major advancing projects like Coffee and Casino Beyond the White project, WGO controls the largest land package in the Yukon, owning over 40% of the prospective White Gold district, which offers district-scale discovery potential.

Looking ahead to 2026, it is seen as a pivotal year for WGO, highlighted by the anticipated release of a potentially compelling Q1 PEA at White and the execution of the largest fully funded drill program in the company's history. With increasing corporate and investor interest in the Yukon, WGO is viewed as a highly attractive merger and acquisition (M&A) target, Arora noted.

Coverage was initiated with a Speculative Buy rating and a target price of CA$4.50 per share, representing a 180% return at the time of writing.

According to 321gold.com's Bob Moriarty writing for Streetwise Reports on December 30, 2025, the company is one of his top Canadian picks.

"In October, White Gold finalized a CA$23 million private placement, providing ample funding for an extensive drill program and expansion planned for 2026," Moriarty noted. "The company is currently working on a Preliminary Economic Assessment (PEA), expected to be unveiled in the first half of 2026."

He continued, "White Gold's vast land package also contains metals now classified as critical, including copper, molybdenum, tungsten, antimony, and bismuth. The company is considering spinning off these assets into a new company (Newco) and distributing shares to existing shareholders. Compared to its Yukon peers, WGO still appears undervalued, likely due to its immense land package, which can be a bit daunting."

Read White Gold's investor presentation for more.

Silver Mountain Resources Inc. — 439% Share Price Increase

Silver Mountain Resources Inc. (AGMRF:OTCMKTS), ranked 15th overall in the mining sector, has seen a significant 439% appreciation in share price and a 1,154% growth in market capitalization. The company is dedicated to the exploration, development, and restart of silver and polymetallic assets in Peru. Its primary focus is the Castrovirreyna Project, which encompasses the Reliquias underground mine located in Huancavelica. Silver Mountain Resources is actively progressing towards commercial production at this site while also exploring potential additional exploration opportunities within its extensive land holdings.

Silver Mountain announced the launch of a significant 14,000-meter diamond drilling campaign at its Caudalosa Mine on March 2. This initiative marks the first phase of a broader effort aimed at expanding resources, enhancing grades, and identifying additional mineable zones. The initial results from this drilling program are anticipated by April 2026.

This drilling is part of a strategic growth plan intended to fully realize Caudalosa's geological potential, focusing on transforming mineralized targets into near-term production opportunities and creating long-term value for shareholders. The timing aligns with strengthening silver fundamentals and a reopening of capital markets to high-quality silver developers, positioning Silver Mountain to advance exploration at a pivotal moment.

Additionally, Silver Mountain noted it is making significant progress at the Reliquias Mine, staying on schedule and within budget for a planned operational restart in Q3 2026. Multiple workstreams are currently advancing in preparation for this restart, signaling a period of accelerated operational activities for the company.

An AI analysis of the stock on March 4 by StockInvest.us found that on March 3, Silver Mountain saw no change in its stock price, maintaining a steady position throughout the trading day with both the low and high at CA$5.43. Over the last 10 days, the stock has risen on five occasions, accumulating a 42.89% increase over the past two weeks.

Currently, the stock is positioned in the upper segment of a broad and robust upward trend in the short term, which could potentially offer a favorable selling opportunity for short-term traders as a retraction to the lower part of the trend might be anticipated, the analysis noted. However, a breakout above the top trend line at CA$5.77 could suggest an acceleration in the rising rate.

Looking ahead, the short-term trend suggests that the stock could climb by 51.87% over the next three months, with a 90% probability of the stock price ranging between CA$6.06 and CA$8.76 by the end of this period, the site said.

"Silver Mountain Resources Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate," StockInvest.us said. "At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development."

Read Silver Mountain's investor presentation for more.

Chesapeake Gold Corp. — 388% Share Price Increase

Chesapeake Gold Corp. (CKG:TSX.V) was ranked 46th overall and experienced a notable 388% increase in share price and a 415% growth in market capitalization. As a Canadian company in the exploration and evaluation stage, Chesapeake is dedicated to the exploration and development of precious metal deposits across North and Central America. The company is also innovating a proprietary precious metal oxidation process specifically for its Metates project in Durango, Mexico, aiming to derisk and enhance the project's value.

Chesapeake's primary asset is the Metates gold-silver project, but the company also holds a significant stake (57.3%) in Gunpoint Exploration Ltd., which owns the Talapoosa gold project in Nevada. This strategic portfolio underscores Chesapeake's commitment to advancing its mining projects and technological developments in the precious metals sector.

At the Prospectors & Developers Association of Canada (PDAC) conference in Toronto, Chesapeake Gold Corp CEO Jean-Paul Tsotsos discussed significant advancements in the company's flagship Metates project with Angela Harmantas of Proactive this week. In the March 4 article, Tsotsos highlighted how proprietary processing technology has notably enhanced the project's economic outlook. He detailed that the Metates deposit, a large refractory gold and silver deposit discovered in the 1980s, had remained undeveloped for decades due to the complexities of extracting metals from sulfide minerals. This challenge deterred even major mining companies despite their interest.

Previously, Chesapeake Gold considered a conventional autoclave processing method, which would have necessitated extensive infrastructure, including water pipelines from the Pacific coast, a desalination plant, and a dedicated power facility, leading to an estimated capital cost of about US$3.6 billion. However, a transformative shift occurred when the company integrated a proprietary oxidation technology acquired through a merger with a technology company. This innovative approach simplifies the extraction process by oxidizing the material on pads using proprietary chemistry, which Tsotsos compares to accelerating natural processes.

"The new approach has dramatically reduced the projected capital cost to approximately US$360 million, while maintaining meaningful production potential of around 150,000 ounces of gold equivalent annually with a projected 30-year mine life," Harmantas wrote.

Furthermore, Chesapeake Gold is exploring opportunities to extend the application of this technology to third-party mining operations, potentially through licensing agreements or partnerships.

Tsotsos also indicated that investors could look forward to forthcoming updates from ongoing metallurgical test work and third-party testing programs in the upcoming months, signaling continued progress and development in their operations.

According to an AI analysis of the stock by StockInvest.us, on March 3, Chesapeake experienced a notable decline in its stock priceand showed significant volatility during the trading day, fluctuating 11.92% between a low of CA$3.86 and a high of CA$4.32. Despite this downturn, the stock has risen by 17.15% over the past two weeks, although it has fallen on five of the last ten days. Trading volume increased by 75,000 shares, but the decline in prices could signal early warning signs of risk in the coming days.

Currently, Chesapeake Gold Corp. stock is positioned in the middle of a broad and strong rising short-term trend, suggesting potential for further increases, the analysis said. The stock is projected to rise by 23.54% over the next three months, with a 90% probability of holding a price between CA$4.15 and CA$6.61 by the end of this period.

Check out the company's investor presentation for more.

Apollo Silver Corp. — 383% Share Price Increase

Apollo Silver Corp. (APGO:TSX.V; APGOF:OTCQB), ranked 13th in the mining sector, has experienced a significant 383% increase in share price and a 464% growth in market capitalization.

As a Canadian mineral exploration and development company, Apollo Silver is dedicated to advancing its high-impact silver projects located in the United States and Mexico. The company's portfolio includes its flagship Calico Silver Project in San Bernardino County, California, and the Cinco De Mayo Project in Chihuahua, Mexico. These strategic projects underscore Apollo Silver's commitment to developing valuable silver resources in prominent mining regions.

"We are honored to be recognized as a member of the 2026 TSX Venture 50," said President and CEO Ross McElroy. "This recognition reflects the strong performance of our shares over the past year, including 383% share price appreciation, a 484% growth in market capitalization and a 460% increase in total trading value in Canada. We thank our shareholders for their ongoing support."

On February 2, Apollo announced its acceptance into the U.S. Defense Industrial Base Consortium (DIBC), a U.S. Department of Defense-supported initiative. This consortium is dedicated to fostering collaboration among industry, academia, and government to advance solutions that align with U.S. defense and national security priorities.

The DIBC particularly focuses on strategic and critical materials and technologies that are vital to U.S. national security, including efforts to enhance the resilience and security of domestic critical mineral supply chains used in defense and industrial applications.

Apollo Silver's involvement in the DIBC is particularly relevant given the significant deposits of silver, barite, and zinc at its U.S.-based Calico Project, the company noted. These minerals are recognized as critical on the USGS List of Critical Minerals due to their essential roles in industrial, infrastructure, and defense-related applications. By joining the DIBC, Apollo Silver enters a network of traditional and non-traditional defense contractors, research institutions, and federal agencies, all aimed at propelling innovation swiftly.

Membership in the DIBC offers Apollo Silver opportunities to participate in federally sponsored initiatives that focus on the mining and processing of critical materials such as silver, zinc, and barite, potentially enhancing the company's contributions to critical mineral supply chains.

McElroy also shared insights with Proactive's Harmantas at PDAC in a March 4 article about the company's flagship Calico Project in California, emphasizing the steps being taken to advance this silver-dominant asset toward development. McElroy detailed that the Calico Project is situated in the Mojave Desert in San Bernardino County, a region known for being mining-friendly and located strategically between Los Angeles and Las Vegas. The project boasts a substantial silver resource, with 125 million ounces categorized as measured and indicated, and an additional 58 million ounces inferred.

Describing Calico as an advanced exploration project, McElroy noted that it is transitioning toward development studies, with preparations underway for a Preliminary Economic Assessment (PEA) expected to commence around mid-2026. He pointed out that the largely near-surface nature of the deposit bodes well for future mining development. The upcoming technical work will concentrate on engineering studies to refine mine design, including geotechnical drilling and metallurgical testing on rock samples.

While silver accounts for approximately 85% of the project's value, McElroy highlighted that Calico also contains other valuable metals such as zinc and gold, as well as a critical mineral extensively used in drilling fluids and predominantly imported into the United States. He described the project as "a silver dominant project… but there are other kickers in there."

"The company has also been accepted into a U.S. government consortium linked to the Department of Defense that supports development of critical minerals projects, which could help streamline permitting and potentially provide government support," Harmantas said.

According to an AI analysis of the stock on StockInvest.us, on March 3 Apollo experienced a significant drop in its stock price, decreasing by -9.52% from CA$4.78 to CA$4.33. The stock showed volatility within the trading day, oscillating between a low of CA$4.23 and a high of CA$4.50, marking a 6.38% fluctuation. Despite this decline, the stock has shown some positive movement, rising in 6 of the last 10 days and achieving a 3.47% increase over the past two weeks.

Currently, Apollo Silver Corp.'s stock is positioned in the lower part of a very wide and downward trending short-term pattern. This positioning could potentially offer a good buying opportunity, especially if the stock price does not break through the lower trend floor at CA$4.07, StockInvest.us said. A breach of this level could indicate a more significant rate of decline.

Read the company's investor presentation for more.

Banyan Gold Corp. — 379% Share Price Increase

Banyan Gold Corp. (BYN:TSX.V; BYAGF:OTCQB; ) was No. 17 in the mining sector. It has seen a substantial 379% increase in share price and a 501% growth in market capitalization.

The company's AurMac Project, situated in Canada's Yukon Territory, boasts a significant resource base with 2.3 Moz in the Indicated category and 5.5 Moz in the Inferred category as of the latest update in July 2025.

Banyan Gold's exploration strategy is aggressively aimed at expanding high-grade mineralization, converting Inferred resources to Indicated, and targeting a total gold inventory exceeding 5 Moz at a grade of over 1 g/t. This ambitious plan is underpinned by extensive drilling, robust infrastructure, and year-round access to the site. The project benefits from existing roads and power, near-surface ounces, and presents significant potential for grade and scale enhancement.

AurMac's considerable growth potential is further supported by major strategic shareholders including Osisko Development and Alpayana SAC, alongside significant insider ownership.

On March 1, Banyan announced that Franco-Nevada Corp. has agreed to purchase an existing underlying Net Smelter Return royalty (NSR) on the AurMac property for CA$52.2 million. This transaction involves the NSR covering the McQuesten and Aurex properties, which are part of Banyan's AurMac project, spanning 92.6 square kilometers or 510 claims. This area represents about 13% of the total 720 km2 project area.

"The pending transaction by Franco-Nevada, involving the acquisition of the pre-existing royalty on the core of the AurMac Property for CA$52.2 million, serves as further validation of the quality of our project," President and CEO Tara Christie said.

This development follows Banyan's completion of a 100% earn-in on the McQuesten and Aurex properties, as previously announced on July 24, 2025. Subsequent to this earn-in, Banyan issued a 6% NSR to Victoria on these properties, with an option to reduce the NSR from 6% to 1% through a one-time cash payment of CA$10 million.

The company also recently announced further drill results from its ongoing program AurMac, particularly focusing on the central area of the Powerline deposit, according to a February 26 research noted by Analyst Don Blyth for Paradigm Capital.

The results include significant findings such as 26.2 meters at 1.82 g/t and 7.7 meters at 4.64 g/t within a broader interval of 49.6 meters at 1.06 g/t Au from drill hole AX-25-819, which also includes a high-grade interval of 1.5 meters at 19.90 g/t. Other notable results include 5.8 meters at 1.70 g/t within 20.4 meters at 0.79 g/t from AX-25-801, which includes a high-grade interval of 0.4 meters at 14.10 g/t, and additional results from holes AX-25-814 and AX-25-821 showing promising grades, according to the note.

These drilling efforts are primarily aimed at infilling existing resource areas and are showing potential to expand the open-pit resources at AurMac, Blyth wrote. The objective of this drill program is to infill and convert inferred resources to the indicated category and to delineate higher-grade zones that could serve as "starter pits" for a development plan.

There is an expectation that Banyan could add approximately 0.5 Moz of additional resources at an average grade of around 1.1 g/t, the analyst said. The recent drilling results support this goal and even suggest the possibility of exceeding it.

Additionally, the process to sell the former Victoria Gold Eagle mine asset continues, with the original completion schedule by December 31, 2025, now extended into 2026 without a specific update. The potential integration of the Eagle asset with Banyan's AurMac project is seen as a logical step. Banyan remains one of the top picks for the first half of 2026, driven by ongoing progress and the potential catalyst of a new owner for the Eagle assets, alongside anticipated M&A activity in the region, Blythe wrote.

Read Banyan's investor presentation to learn more.

Integra Resources Corp. — 345% Share Price Increase

Integra Resources Corp. (ITR:TSX.V; IRRZF:OTCQB) came in at 13 in the mining sector and has experienced significant growth with a 345% increase in share price and a 347% rise in market capitalization. As a burgeoning precious metals producer in the Great Basin of the Western United States, Integra is primarily focused on enhancing profitability and operational excellence at its main operating asset, the Florida Canyon Mine in Nevada. Additionally, the company is dedicated to advancing its flagship development-stage heap leach projects: the previously producing DeLamar Project situated in southwestern Idaho, and the Nevada North Project located in western Nevada.

On February 23, Integra announced its 2026 guidance, providing insights into expected production, operating costs, capital for sustainability and growth, and development expenditures across its portfolio. Additionally, the company shared its production outlook for 2027 and 2028.

"Florida Canyon is performing as intended following its acquisition, providing Integra with a stable, cash-generating foundation that de-risks the business while helping fund future portfolio growth," President, CEO, and Director George Salamis said.

He emphasized that the 2026 plan is geared towards enhancing operational reliability, maintaining discipline, and making targeted reinvestments to not only extend the mine's life but also transform Florida Canyon into a sustainable, high-quality producing asset. He acknowledged that while initiatives such as increased stripping and infrastructure upgrades might elevate near-term costs, they are strategic investments to boost production and improve cost efficiency in 2027 and 2028.

Salamis also highlighted the company's strategic focus on maximizing predictable cash flow, maintaining balance sheet flexibility, and advancing the DeLamar project from a position of strength. Investments are being directed towards safety systems, water security, fleet reliability, leach pad planning, and mine technology to mitigate operational risks before pursuing growth. Additionally, exploration and technical optimization programs are designed to organically increase ounces around existing infrastructure and enhance long-term asset value.

Integra's strategy is centered on establishing itself as a robust, U.S.-focused gold producer. The three-year outlook provided by Salamis illustrates a clear path: strengthening operations in 2026, followed by production growth and improved cost performance in 2027 and 2028.

"Integra Resources has issued 2026 production guidance of 70,000 to 75,000 ounces of gold, alongside a three-year outlook targeting 80,000 to 90,000 ounces annually in 2027 and 2028," noted Ryan Charles for Crux Investor on March 4.

Approximately 45% of 2026 output is expected in the first half of 2026, reflecting ore sequencing as stripping advances through the Central Pit, Charles reported. The mine plan includes extraction of approximately 13.9 million tonnes (Mt) of ore and 19.3 Mt of waste, totalling 33.2 Mt of material movement at a strip ratio of 1.39, meaning 1.39 tonnes of waste are moved for every tonne of ore mined. In open-pit heap leach operations, this elevated strip ratio indicates deliberate front-loaded waste removal to expose future ore zones, resulting in near-term capital absorption and cost pressure but positioning the operation for improved access and production consistency from 2027 onward.

A March 4 stock analysis by AI at StockInvest.us found that on February 23, Integra Resources Corp. experienced a notable decline in its stock price, dropping by -9.43% from CA$5.94 to CA$5.38 on March 3. The stock showed significant volatility during the trading day.

Based on the current short-term trend, the stock is projected to decrease by -5.47% over the next three months, with a 90% probability of holding a price between CA$4.26 and CA$5.89 by the end of this period, the analysis said.

Read the company's investor presentation to learn more.

West Point Gold Corp. — 334% SharedPrice Increase

While it only ranked 35th overall, West Point Gold Corp. (WPG:TSXV; WPGCF:OTCQB) saw a substantial 334% increase in share price and a 616% growth in market capitalization.

The company is an exploration and development firm dedicated to unlocking value in four strategically located projects along the prolific Walker Lane Trend in Nevada and Arizona. This positioning provides shareholders with exposure to multiple discovery opportunities in one of North America's most productive gold regions. West Point Gold's immediate focus is on advancing its flagship Gold Chain Project in Arizona, aiming to capitalize on the area's rich mineral potential.

In January, the company shared assay results from four drill holes at the NE Tyro zone, which is part of their extensive 15,000-meter drilling program at the Gold Chain Project in Arizona. The results from these holes, GC25-85 through GC25-88, which encompass 936 meters of diamond drilling, have further delineated and expanded the high-grade gold mineralization in the northeastern segment of the Tyro vein system.

Significantly, Hole GC25-87 revealed 27.4 meters of 9.56 g/t gold starting at a depth of 71.6 meters, including a higher-grade interval of 13.7 meters at 18 g/t gold. This hole, drilled approximately 50 meters up-dip from hole GC25-49 — which previously yielded 62.5 meters at 4.73 g/t gold — helps confirm the continuity of mineralization up-dip in this section of the vein system. Hole GC25-88, positioned as the furthest northeast hole drilled at NE Tyro to date, intersected 44.2 meters grading 5.46 g/t gold from 140.2 meters, including 18.3 meters of 12.04 g/t gold, indicating an extension of the high-grade zone along strike to the northeast. The company noted that this zone remains open in that direction and at depth.

Additionally, Hole GC25-85 intersected 29 meters of 5.24 g/t gold starting at 164.6 meters, including 12.2 meters of 10.48 g/t gold, drilled approximately 80 meters down-dip from hole GC25-58, which returned 32.0 meters at 2.01 g/t gold. This suggests increased grade continuity at depth. Meanwhile, Hole GC25-86 intersected 36.6 meters at 2.22 g/t gold from 179.8 meters, about 140 meters down-dip from hole GC25-57, penetrating a broad quartz-veined zone that indicates consolidation of the mineralized system at depth.

President and CEO Derek Macpherson commented on the results, stating, "Drilling at NE Tyro continues to return better than expected grades with good continuity at relatively shallow depths. The high-grade zone at NE Tyro appears to continue at depth and to the northeast, suggesting the zone remains open to further expansion as we continue drilling." To date, the drilling program has completed 3,769 meters of the planned 15,000-meter campaign, with two additional holes totaling 540 meters completed and assays pending. Drilling remains ongoing with one rig at NE Tyro and another at Tyro South.

Bob Moriarty of 321Gold highlighted West Point Gold Corp.'s notable assay results from late 2025, which emerged during a typically quiet period for the mining sector. In his commentary on December 23, Moriarty focused on the company's Gold Chain Project in Arizona, where drill holes GC25-83 and GC25-84 yielded impressive results: 16.8 meters at 8.30 g/t gold and 24.2 meters at 5.92 g/t gold, respectively. These results included high-grade internal intervals of 6.1 meters at 17.61 g/t gold and 12.2 meters at 10.51 g/t gold, translating to 139 and 143 gram-meters, which Moriarty noted as significant at current market prices.

The results were part of a broader 15,000-meter drill campaign targeting the Northeast Tyro zone, with 3,229 meters completed and assays pending for an additional 1,594 meters. Moriarty also mentioned that West Point Gold had outlined a conceptual exploration target at the Gold Chain Project ranging from 1.4 million to 3 million ounces of gold, with mineralization remaining open in multiple directions across the 3.4-kilometer Tyro vein system.

Financially, West Point Gold was in a strong position with CA$7.2 million in working capital as of mid-December, bolstered by the exercise of warrants totaling about CA$3 million. This funding was expected to support exploration activities through 2026. Moriarty noted that the company planned to mobilize a second drill rig in January 2026 and that management was pleased with the results to date, which had exceeded expectations.

A key upcoming milestone for the company is the release of a maiden NI 43-101 resource estimate for the Gold Chain Project. Following the December 17 release of assay results, West Point Gold's share price had risen from CA$0.85 to CA$1.18 within a week, reflecting a 39% gain. Moriarty concluded that, given the rising gold prices and ongoing exploration success, West Point Gold represented an "enticing investment opportunity."

In a January 7 update, Moriarty reiterated his bullish stance on West Point Gold following the January 6 release of four high-grade drill results from the NE Tyro zone. He highlighted Hole GC25-87, which intersected 27.4 meters at 9.56 g/t gold for a total of 262 gram-meters, describing it as a "giant company making hole" and comparing it to past standout intercepts from Great Bear. Hole GC25-88, with 44.2 meters grading 5.46 g/t gold for 241 gram-meters, was also emphasized. Moriarty noted the excellent grades reported in all four holes and confirmed that the company had completed 3,769 meters of drilling in 2025, with two more holes pending release. He mentioned that the introduction of a second drill rig was planned for January and anticipated continued assay results into Q1 and Q2, with a maiden NI 43-101 resource estimate serving as the next major milestone.

Read the company's investor presentation here for more.

NevGold Corp. — 330% Share Price Increase

NevGold Corp. (NAU:TSX.V; NAUFF:OTC; 5E50:FSE) saw a significant 330% increase in share price and a 515% growth in market capitalization. It ranked 38th in the mining sector.

As an exploration and development company, NevGold focuses on targeting large-scale mineral systems within the proven districts of Nevada and Idaho. The company holds a 100% interest in several key projects: the Limousine Butte and Cedar Wash gold projects in Nevada, as well as the Nutmeg Mountain gold project and Zeus copper project in Idaho. This strategic portfolio positions NevGold for potential success in tapping into the rich mineral resources of these regions.

"We are very proud to be included on the 2026 TSX Venture 50 list," said NevGold CEO Brandon Bonifacio. "This as a testament to the strength of our team and disciplined execution, and the continued support from our strong shareholder base and capital markets partners. We look forward to continuing the positive momentum across our portfolio in 2026, as we are exceptionally positioned to continue to drive value creation for our shareholders."

On February 18, NevGold announced significant discoveries and updates from its ongoing drill program at the Limousine Butte Project (Limo Butte) in Nevada. The company reported high-grade oxide gold-antimony mineralization at the "Armory Fault" within the Bullet Zone, marking a key development in understanding the structural controls of mineralization at the site. Notably, drill hole LB25-017 in the newly discovered "Armory Fault" yielded results such as 8.51 g/t AuEq over 10.6 meters, including a higher-grade interval of 12.34 g/t AuEq over 3.0 meters.

This discovery is part of a broader 15,000-meter drill campaign, with significant results also from other holes expanding the mineralization footprint. For instance, LB25-016 extended the mineralization footprint by over 50 meters to the north. The "Armory Fault" discovery is deemed transformational for the project, highlighting new geological insights and the potential for expanding the gold-antimony mineral resource estimate (MRE).

NevGold's 2025-2026 activities at Limo Butte are robust, with ongoing evaluations of the historical geological database, continuous metallurgical testwork, and further drilling to explore the high-grade zones identified. The company is also advancing towards near-term antimony production, with Phase I sampling of the Crushed and Run of Mine (ROM) leach pads completed and further drilling planned.

Antimony, recognized as a critical mineral due to its strategic importance and military applications, underscores the significance of these developments. NevGold's active exploration and planned activities for 2026 aim to rapidly test and validate the high-grade potential at the Bullet Zone and Armory Fault, with an initial gold-antimony MRE in progress. This positions NevGold at the forefront of critical mineral exploration in Nevada, leveraging both the geological and strategic potential of the Limo Butte project.

On March 3, NevGold Corp. experienced a decline in its stock price, dropping by -5.80% from CA$1.38 to CA$1.30, according to a March 4 AI analysis of the stock on StockInvest.us. Throughout the trading day, the stock saw a fluctuation of 3.15%, ranging from a low of CA$1.27 to a high of CA$1.31. Despite this daily decrease, the stock has shown positive momentum over the last two weeks, rising in 6 of the last 10 days and achieving a 22.64% increase overall.

Trading volume rose by 48,000 shares, yet the stock price fell, which could be an early indicator of increased risk in the near future.

Currently, NevGold Corp.'s stock is positioned in the middle of a broad and strong upward trend in the short term, suggesting potential for further gains. Based on the current trend, the stock is projected to rise by 52.13% over the next three months, with a 90% probability of holding a price between CA$1.73 and CA$2.11 by the end of this period, the site noted.

You can learn more about the company in its investor presentation.

Cerrado Gold Corp. — 329% Share Price Increase

Cerrado Gold Inc. (CERT:TSX.V), ranked 22nd in the mining sector, has experienced a notable 329% increase in share price and a 460% growth in market capitalization.

Based in Toronto, Cerrado Gold operates as a gold production, development, and exploration company. It fully owns the Minera Don Nicolás and Las Calandrias mines in Santa Cruz province, Argentina, which are currently producing gold. Additionally, the company holds an 80% interest in the promising Lagoa Salgada VMS project in Portugal through its subsidiary, Redcorp - Empreendimentos Mineiros, Lda. In Canada, Cerrado Gold is advancing its 100% owned Mont Sorcier Iron project, located just outside of Chibougamau, Quebec.

"We are very pleased to be named to the TSX Venture 50," CEO and Chairman Mark Brennan said. "Our share price appreciation and market cap growth underscore the strength of our operational execution, growth strategy, and investor confidence in our ability to execute. We remain committed to driving shareholder value, improving cash flow, and delivering on new milestones while continuing to build on our successes."

On January 21, the company released production results for the fourth quarter ended December 2025 and the full year from the Minera Don Nicolas Mine in Santa Cruz Province, Argentina. The company anticipates releasing its full quarterly and year-end financial results by April 30, 2026.

The operational results for Q4 2025 indicated stable production levels relative to the previous quarter, Cerrado said.

The recent expansion of crushing capacity has enhanced ore crushing and placement on the leach pad, improving both tonnage and recoveries through more consistent particle sizing, the company said. As water availability improves, the unrecovered gold inventory on the pad is expected to be gradually reclaimed. Underground development progressed steadily throughout the quarter, enhancing access to significant ore amounts in December and supporting future development plans. In 2026, the cycle of underground ore development and extraction is set to continue, as the underground workings advance deeper beneath the current pit.

Cerrado Gold Corp. reported its Q4 and year-end 2025 production results from the Minera Don Nicolas (MDN) mine in Argentina, showing stable quarter-over-quarter production at 13,806 Gold Equivalent Ounces (GEO), marking a 32% increase year-over-year and exceeding estimates by about 5%. However, the full-year production experienced a slight decline of 8% year-over-year, totaling 50,238 GEO. Despite challenges such as water shortages impacting heap leach operations, the production was buoyed by high-grade underground ore supplied to the CIL plant, aligning with expectations set in recent analyses.

In a January 22 updated research note, Red Cloud Analyst Ron Stewart said that looking ahead, anticipated improvements in underground mining rates are expected to yield more consistent and predictable production. These enhancements, coupled with rising metal prices, position Cerrado favorably to maximize the potential of MDN while advancing the Lagoa Salgada project towards production. The firm maintain a Buy rating with a target price of CA$2.50 per share, based on a DCF5% analysis of MDN, Lagoa Salgada, and Mont Sorcier, reflecting a NAVPS of CA$3.31 and applying a 0.75x multiple due to the significant development projects in the valuation.

Key upcoming catalysts include the ongoing ramp-up at Paloma Underground, continuous resource expansion drilling at MDN, the Lagoa Salgada feasibility study expected in Q1/26, and the Mont Sorcier feasibility study slated for Q2/26. These developments are anticipated to further enhance Cerrado's operational and financial outlook.

The company's investor presentation has more.

Monument Mining Ltd. — 328% Share Price Increase

Monument Mining Ltd. (MMY:TSX.V) ranked No. 37 in the mining sector and has experienced a significant 328% increase in share price and a 350% growth in market capitalization.

As a well-established Canadian gold producer, Monument Mining fully owns and operates the Selinsing Gold Mine in Malaysia and the Murchison Gold Project in Western Australia. Additionally, the company holds a 20% interest in the Tuckanarra Gold Project, which is jointly owned with Odyssey Gold Ltd in the same region.

Employing approximately 280 people across both regions, Monument Mining is dedicated to upholding the highest standards of environmental management and social responsibility. This commitment extends to ensuring the health and safety of its employees and the neighboring communities. The company also emphasizes strong corporate governance as a fundamental aspect of its operations.

On March 2, Monument disclosed its financial outcomes for the second quarter of the fiscal year 2026, which ended on December 31, 2025.

Cathy Zhai, President and CEO of Monument, remarked on the quarter's performance, noting significant contributions from gold production and sales at the Selinsing Gold Mine in Malaysia, bolstered by favorable gold prices. These factors led to strong cash flow, enhancing the company's financial standing. During this period, Monument's cash reserves saw a substantial increase, rising by US$19.81 million to a total of US$82.65 million. This boost in liquidity is poised to support future growth initiatives. The company also prioritized regulatory compliance and mine infrastructure planning in Western Australia.

Production performance for the quarter was robust, with 10,249 ounces of gold produced and 13,725 ounces sold at a record average realized price of US$4,197 per ounce, generating gross revenue of US$49.23 million. This compares to 8,987 ounces sold at an average price of US$2,678 per ounce in the same quarter the previous year, which had brought in US$19.8 million. The cash cost per ounce sold was US$1,288, primarily due to higher royalties associated with the increased average realized gold price. The all-in sustaining cost per ounce sold was US$1,421 for Q2 FY 2026, showing an 18% decrease from US$1,201 per ounce in Q2 FY 2025.

Exploration drilling continued at Selinsing, supporting ongoing resource growth and the potential extension of the mine's life. Additionally, a special dividend was announced on December 11, 2025, with a record date of January 5, and was paid out on January 19, the company said.

According to Fundamental Research Corp. Analyst Sid Rajeev in a January 9 research note, the dividend was $0.02 per share, which represents a 1.63% yield, underpinned by robust production and earnings per share growth over the past year. For context, dividend yields for major producers typically fall between 1–2%. With US$70 million in working capital, equivalent to CA$0.28 per share, and no debt as of September 2025, MMY is well-positioned to comfortably fund this dividend.

MMY's stock has risen 251% year-over-year, significantly outperforming both gold, which increased by 69%, and the VanEck Junior Gold Miners ETF, which rose by 169%. Despite this impressive performance, MMY is still considered undervalued, trading at 2.60 times forward EBITDA compared to the sector average of 5.16 times, representing a 50% discount.

Based on these factors, Rajeev maintained the firm's Buy rating and raised its fair value estimate from CA$1.50 to CA$1.92 per share.

See the company's investor presentation for more.

Heliostar Metals Ltd. — 315% Share Price Increase

Heliostar Metals Ltd. (HSTR:TSX.V; HSTXF:OTC; RGG1:FRA) was 18th in the mining sector and has experienced a 315% increase in share price and a 398% growth in market capitalization.

The company is a gold producer with active production at the La Colorada Mine in Sonora and the San Agustin Mine in Durango, Mexico. In addition to its operational mines, Heliostar has a robust portfolio of development projects spread across Mexico and the U.S. This includes the Ana Paula project in Guerrero, the Cerro del Gallo project in Guanajuato, the San Antonio project in Baja Sur, and the Unga project in Alaska.

On March 2, Heliostar announced a binding letter agreement with Zacatecas Silver Corp., granting Zacatecas the option to acquire a 100% interest in several of Heliostar's non-core exploration properties. These properties include the Cumaro, La Lola, Oso Negro, and Ejutla early-stage exploration projects located in Mexico.

Following Heliostar's acquisition of its production and advanced development assets, these properties have undergone minimal exploration but are still considered highly prospective. The terms of the agreement involve staged payments to Heliostar totaling CA$450,000 in cash and CA$750,000 in Zacatecas Silver shares over the next three years. Upon closing, Heliostar will receive CA$150,000 in cash and CA$300,000 in shares.

Additionally, Heliostar will retain a 2% net smelter return royalty (NSR) on these properties, with an option for Zacatecas to repurchase 1% of the NSR any time before commercial production begins for CA$2 million. The transaction is anticipated to close by March 31.

The company also recently shared new drill results from its ongoing program at the Ana Paula project in Guerrero State, Mexico, revealing significant high-grade intersections, according to Hannam & Partners Analyst Jonathan Guy in a February 29 note. Notably, the Expansion Zone yielded 25.45 meters at 8.26 g/t gold, and the high-grade panel reported 55.35 meters at 9.71 g/t gold. These results are expected to enhance both the scale and grade of the resource, with potential upgrades to the Measured and Indicated categories. The Expansion Zone remains open for further exploration to the north, northwest, and at depth.

These drilling outcomes will contribute to the upcoming Feasibility Study resource update and broader mine design efforts. Currently, the Ana Paula project, which constitutes 48% of Heliostar's NAV, is projected to produce 100,000 ounces of gold annually starting in 2028. The company's near-term focus includes further exploration results, advancing Ana Paula towards a feasibility study in the first half of 2027, and achieving the 2026 production guidance of 50,000 to 55,000 ounces.

The expanded 26,500-meter drilling program at Ana Paula, part of the feasibility study due in the first half of 2027, has progressed with three rigs actively drilling, covering 23,979 meters over 72 holes to date. This includes significant step-out drilling in the Expansion Zone and ongoing drilling in the high-grade panel.

The restart of operations at San Agustin in December 2025, alongside La Colorada, which resumed in January 2025, positions these mines as key cash flow drivers for 2027 and 2028, supporting the development of Ana Paula. The combined production guidance for 2026 across both operations is set at an AISC of US$2,025 to US$2,125 per ounce.

Heliostar's valuation stands at CA$5.30 per share, implying an 83% upside, based on a DCF methodology with a 5% discount rate, applying different NAV multiples to operational mines and development projects. This valuation reflects a risk-weighted operational NAV of US$992 million, adjusted for the balance sheet and G&A.

For more information, read Heliostar's investor presentation.

Silver Tiger Metals Inc. — 304% Share Price Increase

Ranked 12th overall was Silver Tiger Metals Inc. (SLVR:TSX.V; SLVTF:OTCMKTS), which experienced a significant 304% increase in share price and a 463% growth in market capitalization.

The company is currently developing the El Tigre Stockwork Zone Project, a silver and gold project situated in Sonora, Mexico. This project, which is entirely owned by Silver Tiger, spans over 28,000 hectares, positioning the company for substantial growth in the mining industry.

On January 20, 2026, Silver Tiger announced the results of a Preliminary Economic Assessment (PEA) for the underground sections of the El Tigre Project and an updated Pre-Feasibility Study (PFS) for the Stockwork Zone. This 100% owned silver-gold project is located in Sonora, Mexico. The PEA focuses on the underground mining economics of the high-grade zones within El Tigre, including the Sulphide, Black Shale, and Seitz Kelly zones, and is based on new consensus economics metal prices of $38 per ounce for silver and $3,200 per ounce for gold.

The PEA outlines that the mine design for the underground resource can be developed independently from the Stockwork Zone, with potential expansion areas existing outside the current PEA and PFS boundaries, notably near the historic "El Tigre North Mine" located 700 meters to the north.

A key highlight from the PEA is an after-tax net present value (NPV) of US$304 million, using a 5% discount rate, with an after-tax internal rate of return (IRR) of 42.8% and a payback period of 2.6 years, based on a silver price of US$38/oz and a gold price of US$3,200/oz.

The project also has a projected 15-year underground mine life, supplemented by three years of processing historical tailings, expected to recover a total of 38 million payable silver equivalent ounces (AgEq) or 453,000 gold equivalent ounces (AuEq). This includes 34 Moz of silver and 130,000 ounces of gold.

The total project is anticipated to generate an undiscounted after-tax cash flow of US$496 million, the release noted.

An AI analysis of the stock by StockInvest.us on March 4 found that on March 3, Silver Tiger experienced a significant drop in its stock price, decreasing by -10.68% from CA$1.03 to CA$0.92. The stock showed volatility during the trading day, with prices ranging from a low of CA$0.90 to a high of CA$0.97. Despite this decline, the stock has shown some positive movement, rising in six of the last 10 days and achieving a 2.22% increase over the past two weeks.

Currently, Silver Tiger Metals Inc.'s stock is positioned in the lower part of a broad and strong upward trend in the short term, suggesting a potential good buying opportunity. However, if the price breaks below the lower trend floor at CA$0.88, it could signal a slower rate of rise and possibly indicate an impending trend shift, the site said.

Based on the current short-term trend, the stock is projected to rise by 20.24% over the next three months, with a 90% probability of holding a price between CA$1.05 and CA$1.72 by the end of this period.

Read the company's investor presentation for more information.

Trident Resources Corp. — 302% Share Price Increase

Trident Resources Corp. (ROCK:TSXV; TRDTF:OTCMKTS) was ranked 48th in the mining sector. It has experienced a significant 302% increase in share price and a 1,238% growth in market capitalization.

As a Canadian mineral exploration company, Trident Resources is dedicated to exploring the potential of the La Ronge Gold Belt in Saskatchewan, recognized as one of the world's premier mining jurisdictions. The company is currently undertaking a 10,000-meter drilling program at the Contact Lake High-Grade Gold Project, following up on recent positive developments.

“We are deeply honored to be included in the 2026 TSX Venture 50," CEO Jonathan Wiesblatt said at the time. "2025 was a transformative year for the company, highlighted by exploration success and notable drilling at our Contact Lake project in the La Ronge Gold Belt. This recognition reflects the dedication, technical expertise, and hard work of our entire team. Trident is exceptionally well positioned to accelerate its exploration initiatives and drive long-term value creation for our shareholders."

On February 26, the company announced the signing of a mineral property purchase and sale agreement with Eagle Plains Resources Ltd. Dated February 25, this agreement enables Trident to acquire up to a 100% interest in seven individual mineral dispositions, totaling approximately 4,711 hectares within the La Ronge Gold Belt in Northern Saskatchewan, Canada.

Key highlights of the acquisition include an attractive purchase price involving a small cash payment and the strategic nature of the highly prospective mineral dispositions. These dispositions are contiguous with Trident's core high-grade gold projects at Contact Lake and Greywacke Lake, featuring multiple high-priority targets that align with the main assets in the La Ronge Gold Belt.

Wiesblatt expressed enthusiasm about the acquisition, noting it as a significant advancement in Trident's long-term growth strategy. He emphasized the company's ongoing efforts to acquire highly prospective land within the La Ronge Gold Belt, highlighting that Trident has expanded its total land holdings in the area by more than 30% over the past year.

Trident recently successfully raised CA$18.6 million through the issuance of Canadian "flow-through" shares to accelerate gold drilling activities in Saskatchewan's La Ronge Gold Belt, according to report by Finimize on February 18. Flow-through financings are advantageous for explorers as they allow the sale of shares at a premium, with investors benefiting from tax deductions once the funds are allocated to qualifying exploration work. Trident issued approximately 4.9 million "Premium" flow-through shares priced at CA$3.76 each, primarily through a brokered private placement. The company plans to utilize these proceeds for drilling, exploration, and resource expansion activities.

On November 26, 2025, 321gold.com's Bob Moriarty discussed the company in an opinion piece for Streetwise Reports.

"Merely a fortnight ago, I wrote about a fledgling company named Trident Resources Corp.," Moriarty said. "At that juncture, they broadcast an interval of 7.03 grams across 43.25 meters, equating to a value of 304 gram-meters. Anything surpassing 100 gram-meters signifies a triumph. Anything eclipsing 300 gram-meters indicates a mine in the making. When they proclaimed their revelation two weeks prior, the equities catapulted upwards by over 100% on the intraday pinnacle. Subsequently, it has vacillated between CA$1.32 and CA$2.10 before alighting at CA$1.43 last Friday."

Last week, Trident hosted a webinar announcing plans to release an updated Mineral Resource Estimate (MRE) before the New Year. On November 24, they delivered on this promise, significantly increasing their total gold resources to exactly 2 Moz, Moriarty said, comprising 896,500 ounces in the indicated category and an additional 1,129,600 ounces inferred. This update represents a 166% increase from the previous resource estimate of 1.2 Moz.

A key move by Trident was the adjustment of the historic gold price figures used in the valuation to a more realistic price reflecting current market conditions, Moriarty said. With the spot gold price remaining above US$4,000 an ounce, using the outdated historical values of US$1,500 and US$1,700 no longer made sense. The revised MRE now uses a gold price of US$2,600.

Of the 19 drill holes planned for this year, only three have been released so far. This leaves 16 more results to be disclosed.

Read Trident's investor presentation here.