Precious Metals Analyses | Metal Pilot Blog

Alamos Gold (AGI) — Stock Analysis 2026 [4.1]

Alamos Gold has 15.9 million ounces of reserves booked at an $1,800 gold price, four funded growth projects with published economics, net cash on the balance sheet — and a share price of $35.66, 28% above its July low, …

Last Update Sep 15, 2026 93 min read Gold Precious Metals Company Analysis

Wheaton Precious Metals (WPM) — Stock Analysis 2026 [4.5]

Wheaton Precious Metals is the largest listed precious-metals streaming company by portfolio breadth — 42 long-term agreements across 48 mining assets in 18 countries, anchored by a 75% gold stream on Vale’s giant Salobo …

Last Update Sep 9, 2026 76 min read Gold Precious Metals Company Analysis

Aris Mining (ARIS) — Stock Analysis 2026 [3.9]

Aris Mining runs two of the highest-grade underground gold mines in the Americas — Segovia’s reserves average 10.70 g/t, five times a typical open-pit senior’s grade — while assembling two of South America’s largest …

Last Update Sep 7, 2026 77 min read Gold Precious Metals Company Analysis

Northern Star (NST) — Stock Analysis 2026 [3.6]

Northern Star is Australia’s largest gold miner, it owns the biggest gold mine in the country, and it has just spent three years and A$1.6 billion rebuilding that mine’s processing plant while missing its own guidance …

Last Update Sep 2, 2026 93 min read Gold Precious Metals Company Analysis

Fresnillo (FRES) — Stock Analysis 2026 [4.2]

Fresnillo is the world’s largest primary silver producer and Mexico’s largest gold producer — eight low-cost mines strung across four Mexican silver-gold districts, 75%-owned by Grupo BAL’s Industrias Peñoles, sitting on …

Last Update Aug 20, 2026 32 min read Silver Precious Metals Company Analysis

LunR Royalties (LUNR) — Stock Analysis 2026 [3.7]

LunR arrived fully formed in late 2025: a Lundin-family royalty vehicle, spun out of NGEx Minerals and handed a life-of-mine silver stream on one of the best gold mines in the Americas, with two royalties over the …

Last Update Aug 14, 2026 34 min read Silver Precious Metals Company Analysis

Vox Royalty (VOXR) — Stock Analysis 2026 [3.5]

Vox spent 2025 doing what it has done since inception — quietly buying good, overlooked mining royalties at a discount and letting them come to production — and posted record results as they did. The thesis in one line: …

Last Update Aug 14, 2026 31 min read Gold Precious Metals Company Analysis

Elemental Royalty (ELE) — Stock Analysis 2026 [4.1]

Elemental spent 2025 doubling in size twice over: revenue up 128% as its royalties ramped, and a transformational merger with EMX Royalty that turned a small gold royalty into a genuine mid-tier. The thesis in one line: …

Last Update Aug 14, 2026 30 min read Gold Precious Metals Company Analysis

Metalla Royalty (MTA) — Stock Analysis 2026 [3.5]

Metalla spent 2025 crossing the line from a promise into a business: record revenue, its first-ever quarter of positive net income, and a portfolio “inflection” as royalties bought years ago began to pay — led by …

Last Update Aug 14, 2026 34 min read Gold Precious Metals Company Analysis

Gold Royalty (GROY) — Stock Analysis 2026 [3.4]

Gold Royalty spent 2025 finally turning a five-year acquisition spree into cash: record revenue, its first genuinely strong operating cash flow, and a debt-free balance sheet, as royalties and streams it had bought years …

Last Update Aug 14, 2026 36 min read Gold Precious Metals Company Analysis

Newmont (NEM) — Stock Analysis 2026 [4.0]

Newmont is the largest gold miner in the world, and after two years of digesting the US$16.8 billion Newcrest takeover it has spent 2025 doing the harder, quieter work: selling six mines, paying down debt, and turning a …

Last Update Aug 13, 2026 43 min read Gold Precious Metals Company Analysis

OR Royalties (OR) — Stock Analysis 2026 [4.0]

OR Royalties spent 2025 quietly compounding: a “triple crown” of record revenue, cash flow and earnings, a fully repaid credit facility that left it debt-free for the first time in a decade, and a steady stream of …

Last Update Aug 12, 2026 68 min read Gold Precious Metals Company Analysis

Triple Flag (TFPM) — Stock Analysis 2026 [4.4]

Triple Flag Precious Metals is a Toronto-based, asset-light royalty and streaming company that owns 242 gold- and silver-linked interests across nine countries and takes none of the operating or capital-cost risk of …

Last Update Aug 12, 2026 67 min read Gold Precious Metals Company Analysis

Royal Gold (RGLD) — Stock Analysis 2026 [4.2]

Royal Gold spent 2025 becoming a different company. With the ~US$4.1 billion all-stock acquisition of Sandstorm Gold and Horizon Copper and a US$1.0 billion gold stream on First Quantum’s Kansanshi mine, it vaulted from …

Last Update Aug 12, 2026 72 min read Gold Precious Metals Company Analysis

Franco-Nevada (FNV) — Stock Analysis 2026 [4.6]

Franco-Nevada is the royalty and streaming sector’s longest-tenured franchise — founded in 1986, IPO’d in 2007, and now holding 430 royalty, stream and other interests (119 producing) spread across precious metals, other …

Last Update Aug 12, 2026 64 min read Gold Precious Metals Company Analysis

Coeur Mining (CDE) — Stock Analysis 2026 [3.9]

Coeur Mining spent 2025 and early 2026 turning itself from a chronically higher-cost, debt-laden silver-gold miner into the thing it always said it wanted to be: a scaled, net-cash, all-North-American precious-metals …

Last Update Aug 11, 2026 38 min read Gold Precious Metals Silver Company Analysis

First Majestic Silver (AG) — Stock Analysis 2026 [2.9]

First Majestic Silver is one of the purest large silver bets on the market — a senior producer that still earns most of its money from silver, not gold, at a moment when silver has run to ~$66 an ounce. It runs four …

Last Update Aug 11, 2026 44 min read Silver Precious Metals Gold Company Analysis

Endeavour Mining (EDV) — Stock Analysis 2026 [3.3]

Endeavour Mining is the largest gold producer focused entirely on West Africa — about 1.2 million ounces a year from Côte d’Ivoire, Senegal, Burkina Faso and Mali — and it is one of the cheapest gold stocks anywhere: …

Last Update Aug 8, 2026 30 min read Gold Precious Metals Company Analysis

Evolution Mining (EVN) — Stock Analysis 2026 [4.1]

Evolution Mining is one of the lowest-cost gold producers in the world, and the reason is copper: two of its five mines are copper-gold operations whose copper by-product credits push their gold all-in sustaining cost …

Last Update Aug 8, 2026 37 min read Gold Precious Metals Copper Company Analysis

Pan American Silver (PAAS) — Stock Analysis 2026 [3.3]

Pan American Silver is the leading listed silver producer — about 23 million ounces of silver a year — but at today’s prices it is really a silver-and-gold company, earning more revenue from its 740,000 ounces of gold …

Last Update Aug 8, 2026 41 min read Silver Precious Metals Gold Company Analysis

Kinross Gold (KGC) — Stock Analysis 2026 [3.3]

Kinross Gold is a mid-scale senior producer — about 2 million ounces a year from mines in the United States, Brazil, Chile and Mauritania — that has quietly become one of the strongest balance sheets in the sector: net …

Last Update Aug 8, 2026 40 min read Gold Precious Metals Company Analysis

Gold Fields (GFI) — Stock Analysis 2026 [3.4]

Gold Fields is a mid-to-senior gold producer with nine mines on four continents, and it is the cheapest and highest-yielding of the large gold names — about 9.5× trailing earnings, 7.3× forward, and a 3.8% dividend …

Last Update Aug 8, 2026 40 min read Gold Precious Metals Company Analysis

Barrick Mining (ABX) — Stock Analysis 2026 [3.7]

Barrick Mining is the world’s third-largest gold producer and, increasingly, a serious copper company — 85 million ounces of gold reserves and roughly 40 billion pounds of copper, spread from Nevada to Mali to Pakistan. …

Last Update Aug 8, 2026 44 min read Gold Precious Metals Copper Company Analysis

Agnico Eagle (AEM) — Stock Analysis 2026 [4.6]

Agnico Eagle is the second-largest gold producer in the world, the largest company on the Toronto Stock Exchange by market value at times in 2026, and — unusually for its size — it keeps roughly three-quarters of its …

Last Update Aug 7, 2026 48 min read Gold Precious Metals Company Analysis

Hecla Mining (HL) — Stock Analysis 2026 [4.2]

Hecla Mining is the largest silver producer in the United States and Canada, and — after a year of record cash flow and a balance-sheet clean-up — one of the few precious-metals names that can call its balance sheet the …

Last Update Aug 6, 2026 31 min read Silver Precious Metals Company Analysis

GoldMining (GLDG) — Stock Analysis 2026 [3.9]

GoldMining Inc. is one of the most unusual structures in the gold sector: a debt-free holding company whose market value is almost entirely covered by the cash and listed securities on its balance sheet — meaning the …

Last Update Aug 6, 2026 37 min read Gold Precious Metals Company Analysis

NexGold Mining (NEXG) — Stock Analysis 2026 [3.8]

NexGold Mining is trying to do something only a handful of Canadian juniors manage: turn two studied, permitted gold projects into an operating mid-tier producer without giving the upside away first. The thesis in one …

Last Update Aug 6, 2026 42 min read Gold Precious Metals Company Analysis

Aya Gold & Silver (AYA) — Stock Analysis 2026 [3.8]

Aya Gold & Silver is the only TSX-listed pure-play silver producer, and in 2025 it tripled production and grew revenue five-fold as the expanded Zgounder mine in Morocco reached steady state — while, alongside it, the …

Last Update Aug 6, 2026 35 min read Silver Precious Metals Company Analysis

OceanaGold (OGC) — Stock Analysis 2026 [3.6]

OceanaGold is a four-mine intermediate that spent the last three years fixing its balance sheet — from US$238 million of net debt at the end of 2021 to US$565 million of net cash today — and has just delivered the best …

Last Update Aug 6, 2026 38 min read Gold Precious Metals Company Analysis