Minaurum Silver – Alamos Project: 55Mil Oz Silver Equivalent Resource, 50k Meter Drill Program, Targeting 100Mil Oz
In this company update, Darrell Rader, President and CEO of Minaurum Silver (TSXV: MGG | OTCQX: MMRGF | Frankfurt: 78M) joins us to discuss the roadmap that led to the initial 55 million ounce AgEq resource and outlines the aggressive 50,000-meter expansion program currently underway at the Alamos Silver Project in Sonora Mexico. With a treasury backed by a recent $25M financing and a focus on high-grade targets, the company is aiming to elevate Alamos into a 100-million-ounce silver district in Mexico.
Key Discussion Highlights:
- Initial Resource & Strategic Evolution: How the transition from Minaurum Gold to Minaurum Silver reflects the company’s focus on the Alamos Project, which recently debuted an initial resource of 55 Moz AgEq at 320 g/t AgEq.
- The 50,000-Meter Expansion Goal: Insights into the current drill program – the largest in company history – designed specifically to push the global resource beyond the 100-million-ounce threshold.
- Targeting High-Grade Vein Systems: A breakdown of the primary drill targets, including Europa, Promontorio, and Travesia, and the potential for depth and strike extensions across 26 identified vein zones..
- Strong Financial Position: Details on the company’s $25M treasury, ensuring full funding for the current exploration phase and upcoming resource updates.
Click here to visit the Minaurum Silver website and read over the recent news – https://minaurum.com/
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I think the silver miners track earnings. Right now they reflect Q3/25 earnings reports and that quarter’s $40/oz silver.
Q4 earnings will reflect $55/oz silver. The equities should move. If they don’t another chance to move will occur in late May when earnings reflect whatever higher price silver averages in Q1.
Two earnings reports in four months will give them the chance to catch up.
The wait has been frustrating.
Could be a whole different story in China with its manufacturing demand for silver, where the metal will be presold at very good prices.
Silver is still backwardized. I think that means China still drives demand and manufacturers will pay spot price to take immediate delivery.
But last Friday’s silver flash crash did, imho, demonstrate that above and beyond industrial demand considerable speculation was happening.. To cool things down Chinese authorities used the same playbook as Comex did in early January–raising margin and, i believe, briefly shut down trading at some firms.
It worked.
Chinese new year starts February 16. Watching silver without any Chinese action that week will be interesting.
G Savage thinks silver is in the final 3-6 months of a parabolic move that ends with price somewhere between $250 and $500. He also thinks that the low is probably in and that to maintain the parabolic structure, silver will make a new ATH this month and likely sooner.
That more or less jibes with what Michael Oliver is saying, who thinks silver will likely overshoot to that same range and then correct back hard to establish a new, higher range or “reality.”
I have to say, in the above scenario, I could easily see silver outrunning the miners on the way up. Quite possibly, similar to 1980-1995, the miners will only outperform silver once silver enters into bear market or long consolidation, during which time both silver and miners go down together, but miners don’t go down quite as fast.
I have to say, if the miners actually break out of their huge bases vs their corresponding metals as the metals rise in the near term, it will go against at least the last 50 years of price action in the ratios.