Mining News & Analysis
6 articles
Market Mood
United States Antimony (UAMY) Restarts Mining Operations in Montana
On April 2, United States Antimony Corporation (NYSE: UAMY) announced the restart of mining operations at its Stibnite Hill property in Montana after a seasonal pause, allowing for earlier ore extraction due to favorable weather conditions. This resumption supports the transportation of antimony ore to the Radersburg Flotation Facility for processing and smelting at the Thompson Falls facility, reinforcing UAMY's vertically integrated production model. On March 24, B. Riley analyst Nick Giles raised the price target for UAMY to $13 from $11 while maintaining a Buy rating, citing increased feedstock procurement. The strategic importance of UAMY's domestic production is underscored by rising demand for antimony amid tightening global supply.
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Triple Flag Precious Metals (TFPM) Price Target Raised to $49 by BofA
On March 23, 2026, BofA raised the price target for Triple Flag Precious Metals Corp. (TFPM) to $49 from $46, maintaining a Buy rating. This adjustment followed the company's Q4 results and updated guidance, highlighting its strong portfolio performance and resilient cash flow. Similarly, analyst Lawson Winder increased the price target to $46 from $44 on February 26, reflecting improving macro conditions for precious metals. The revisions come amid expectations that gold and silver will benefit from geopolitical uncertainties and inflationary pressures.
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Avino Silver & Gold Mines (ASM) Moves Investors Closely Watch
Avino Silver & Gold Mines (ASM) made a notable market move recently. The company announced an increase in production, achieving a 15% rise in silver output compared to the previous quarter. This operational efficiency could enhance their revenue streams and profitability. The silver market is currently volatile, having experienced a 5% price fluctuation in the past month, which may impact ASM's performance in the coming periods.
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Pan American Silver Corp. Plans $1.9B Investment for Largest Silver Mine
Pan American Silver Corp. (NYSE: PAAS) announced plans on March 24, 2026, to invest $1.9 billion to expand its La Colorada property in Zacatecas, Mexico, into the world's largest silver operation. The company projects an average production of 19.1 million ounces of silver during the peak five years of production. The expansion includes the construction of a 15,000 tons per day processing plant and aims for a mine life of 37 years. The investment will be spread over six years, from 2026 to 2031, funded by existing operations.
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Royal Road Minerals Resumes Drilling in Colombia with C$0.60 Price Target
Royal Road Minerals Ltd (TSX-V:RYR, OTC:RRDMF) has restarted drilling in Colombia, focusing on its Güíntar gold-copper-silver project, which covers 1,840 square kilometers. New results include drill holes returning 418 meters at 0.6 grams per tonne gold equivalent and 176 meters at 1.2 grams per tonne gold equivalent. Research firm SCP Resource Finance maintains a 'buy' rating with a price target of C$0.60, compared to the current share price of C$0.19. The company is preparing to mobilize drilling at its El Molino target, influenced by the upcoming May 2026 election in Colombia.
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Canadian Uranium Agrees to Acquire Rook 2 Uranium, Covering 18,941 Hectares
Canadian Uranium has signed an agreement to acquire all outstanding shares of Rook 2 Uranium through a three-cornered amalgamation. Rook 2 holds an exclusive option for full ownership of 21 mineral claims spanning approximately 18,941 hectares in Saskatchewan, Canada. Under the agreement, Rook 2 shareholders will receive one Canadian Uranium share for each Rook 2 share held, totaling 9,663,156 shares to be issued. The transaction is subject to regulatory approvals and consent from Rook 2 shareholders, with no finder’s fees involved.
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