Weekly Notes (1/14/2026)

Black Cat Syndicate (1/8/2026): Q4 results. 25K oz. Selling price of $4250. FCF runrate at $200M. Forward FCF multiple is 3.5).

Endeavour Silver (1/8/2026): 2025 production of 6.5M oz AG and 37K oz AG. 11M oz AGEQ. Q4 production was 2M oz AG, 14K oz AU, and 3.8M oz AgEq).

Americas Gold & Silver (1/8/2026): Planning to restart the Crescent mine in 2026. I…