A Silver Scouting Report: A Northern Canada Mine Plan Next to Producers and Streamers
Key Highlights
- ➤Endeavour (EXK) produced 2.10 million silver ounces in Q3, up 19% year-over-year
- ➤Wheaton (WPM) Q3 revenue reached $772 million; attributable silver rose 36.5%
- ➤SSR Mining (SSRM) nine-month average realized silver price rose to $74.73 per ounce
- ➤Triple Flag (TFPM) increased 2026 guidance to 100,000–110,000 gold equivalent ounces
- ➤Honey Badger targets a PC Silver Feasibility Study in Q2 2027
Expert Statements
Chad Williams, Executive Chairman and Interim CEO of Honey Badger Silver
“We staked Nanisivik several years ago based on the thesis that the massive pyrite zones could contain silver. The results disclosed today, albeit very preliminary, are an important step towards confirming this thesis.”
Dan Dickson, CEO of Endeavour Silver
“Our operations continue to deliver strong results, with mine operating cash flow increasing 139% and both cash costs and AISC declining year-over-year. Supported by a strong cash position and healthy working capital, we are well positioned to drive further growth and create long-term shareholder value as we advance the Pitarrilla Project.”
Haytham Hodaly, President and Chief Executive Officer of Wheaton Precious Metals
“Wheaton delivered another solid quarter, building on record year-to-date performance, and remains very well positioned to achieve our annual production guidance”
Rod Antal, Executive Chairman of SSR Mining
“Over the last few months, we have delivered a number of positive milestones designed to create long-term value for shareholders and affirm SSR Mining as a free-cash-flow-focused gold and silver producer in the Americas.”
Sheldon Vanderkooy, CEO of Triple Flag Precious Metals
“Triple Flag delivered another strong quarter, driven by operating cash flow per share of $0.45, up 15% year-over-year. We remain on track to achieve sales between the mid to top half of our increased 2026 guidance of 100,000 to 110,000 GEOs.”
TORONTO, Nov. 11, 2026 (GLOBE NEWSWIRE) -- American News Group News Commentary - Silver companies get their ounces in different ways. Some mine them, some collect them through streams on mines that other companies operate, and some are still building the case for a mine of their own. Third-quarter reports filed this month put numbers on each approach. SSR Mining said its average realized silver price for the first nine months of 2026 was $74.73 per ounce, against $36.72 a year earlier, and Wheaton Precious Metals reported 8.18 million ounces of attributable silver produced in the quarter, up 36.5% from a year earlier. What follows is a scouting report on five of them, starting with a Northern Canada company that is working toward a production decision at a mine built in the early 1980s. Companies mentioned in today’s commentary include: Honey Badger Silver Inc. (TSXV: TUF) (OTCQB: HBEIF) (FSE: 1QA) (Tradegate: 1QA), Endeavour Silver Corp. (NYSE: EXK) (TSX: EDR), Wheaton Precious Metals Corp. (NYSE: WPM) (TSX: WPM) (LSE: WPM), SSR Mining Inc. (Nasdaq: SSRM) (TSX: SSRM), and Triple Flag Precious Metals Corp. (TSX: TFPM) (NYSE: TFPM).
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