Interview with CFO Ken Scott at the Precious Metals Summit 2024 in Zurich. Sierra Madre Gold and Silver is currently ramping up production at the La Guitarra silver-gold mine, which was acquired from First Majestic in exchange for shares. Commercial production is expected towards the end of the year and will be further increased next year. The company intends to use the proceeds to finance expansion and exploration on the large project surrounding the mine. We consider this to be a good strategy and are positive for the company.

Santacruz Silver Mining Ltd. (TSX.V: SCZ) is charting its course toward becoming a prominent player in the silver mining space. The company is seizing the opportunity to scale operations in Bolivia and Mexico as it paves its way to becoming a silver powerhouse.

Defiance Silver (TSXV: DEF | OTCQX: DNCVF | FSE: D4E | WKN: A1JQW5) is making strides with two major projects in Mexico: the Zacatecas Silver Project in the historic mining region of Zacatecas and the Tepal Copper-Gold Project in Michoacán, driving forward exploration and development in silver, gold, copper, and polymetallic resources.

Interview with Jean-Paul Tsotsos, Interim CEO of Chesapeake Gold. We are discussing the company's recent metallurgical results, advancements in oxidative leach technology, government relations, and future project developments. Tsotsos highlights the significant recovery rates achieved through their innovative technology, the strategic importance of their projects in Mexico, and the financial health of the company as they move towards further exploration and development.

Alamos Gold (TSX:AGI) has a line of sight on growing its gold production from about 600,000oz/y to 1Moz/y, with expansion at its Island Mine in Ontario, Canada and the development of its Lynn Lake project in Manitoba, president and CEO John McCluskey told Kitco Mining.

Fortuna Mining Corp. (TSX: FVI, NYSE: FSM, previously Fortuna Silver Mines Inc.) announced its production figures for the third quarter on October 10. With a total of 110,820 oz gold equivalent, production is lower than in recent quarters, but the company is on track to meet its forecast for 2024. Lindero and Séguéla stand out positively, while there were energy supply problems at Yaramoko and San José will enter progressive closure at the end of the year. The financial figures published on November 6 reflect the high metal prices and the leverage effect. Compared to the same quarter of the previous year, sales rose by 13%, operating profit increased by 32% and net profit by 84%. Fortuna is reporting a positive cash position for the first time. The aim is to take advantage of opportunities throughout the portfolio and continue to benefit from the high prices.

Interview with CEO George Paspalas at the Precious Metals Summit 2024 in Zurich. MAG Silver recently published its figures for Q3 2024 and was able to announce lower production costs due to higher silver grades. This puts the company in an excellent position to further build up its cash position and finance its exploration at the other projects Deer Trail and Larder. We have significantly higher price targets for MAG Silver as we expect higher silver prices in the future.

Fuerte Metals is a Vancouver based resource company focusing on acquiring, exploring, and developing base and precious metals properties in the Americas. It is committed to advancing the exploration and development of its Placeton/Caballo Muerto copper project in Chile and the Christina & Yecora projects in Mexico.

Kootenay Silver Inc. is a Canadian and Mexican based silver exploration company actively engaged in the development of several major silver projects in Mexico, including the Columba and La Cigarra silver projects in Chihuahua, and the Promontorio and La Negra silver projects in Sonora. The Company has a leading growth profile highlighted by one of the largest junior owned silver asset bases in Mexico and a large generative portfolio of precious metals exploration projects located in Mexico.

Sierra Madre Gold and Silver (TSXV: SM | OTCQX: SMDRF) is a precious metals development and exploration company focused on evaluating the potential of restarting the La Guitarra Mine in the Temascaltepec mining district, Mexico, and the exploration and development of its Tepic Property in Nayarit, Mexico.