Author: Gold News Club

A Family-Owned Precious Metals Dealer Since 1973

At CMI Gold & Silver, we’ve been a family-owned precious metals dealer since 1973. We’ve seen a lot of markets, a lot of prices, and a lot of “deals.” But at the end of the day, what matters most to us isn’t just ounces and premiums—it’s relationships.

Reconnecting With an Old Friend: Rusty Bosworth

Last night I reconnected with an old friend I hadn’t seen in a long time—my childhood best friend, Rusty Bosworth.
Growing up, Rusty was probably one of the most influential people in my life. The stories I could tell would fill a book. He loved me, I loved him, and that hasn’t changed one bit. Life, of course, took us down different paths. We raised families, built careers, and like so many good friendships, we simply didn’t see each other much over the last 20 years.
But here’s the thing: the distance didn’t change the relationship.
Both of us know that if either one of us made a single phone call, the other would be on the way—no questions asked. That kind of friendship transcends time and space. You don’t measure it in how often you talk. You measure it in trust.
Rusty—now Russ to most people, but he’ll always be Rusty to me—is the kind of guy who is kind to a fault. His personality is infectious. I honestly don’t know a single person who isn’t his “best friend” after five minutes of talking with him. He makes people feel seen, heard, and safe.
And that’s where this ties into precious metals.

Relationships Matter More Than the Deal

In business, especially in precious metals, it’s easy to focus on one thing: price.
We certainly care about price at CMI. Our goal has always been to put the most metal into the hands of Americans for the least amount of dollars. That’s been our mission since 1973.
But here’s a truth that doesn’t get talked about enough:

• The cheapest price is not always the best deal.
• There are times when a competitor’s premiums are slightly lower than ours.

When that happens, and we know the competitor is reputable and we haven’t heard anything negative about them, we will often encourage our clients to buy from them if it truly gets them a better deal.
Yes, you read that right: we sometimes tell people to buy from someone else.
Why? Because relationships and trust matter more than squeezing every last penny out of a transaction.
Is a Few Pennies Worth the Risk?
Before you chase a slightly lower price with an unknown dealer, it’s worth asking yourself a few questions:
Is saving a few pennies per ounce worth the risk of dealing with someone you don’t know?
In a precious metals transaction, what is really most important?
Is it only the final price on the invoice?
Or is it the assurance that you’ll actually receive what you paid for, in a timely manner, without games or pressure?
To me, and to our team at CMI, the real value is:

• Knowing your metals will show up as promised
• Knowing you can pick up the phone and get a real person who cares
• Knowing you can ask “dumb” questions without being made to feel dumb
• Knowing that if something goes wrong, someone will stand behind the transaction

Personally, I would rather pay a little more for safety and security than roll the dice on a “too good to be true” deal.

How We Think About Competitors

We know we’re not the only precious metals dealer out there. Some of our competitors are good, honest people. If you call us and tell us that another dealer—one we know and haven’t heard anything bad about—has a better price and we truly can’t match it, we will often encourage you to buy from them instead of us.
That might sound strange in today’s world, but it’s how we’ve always done business as a family-owned firm.
We’re not here to “win” every transaction. We’re here to help people make wise decisions, sleep well at night, and feel confident about who they’re dealing with—whether that’s us or another reputable firm.

The Rusty Test

When I think about Rusty, I think about someone I can trust with anything. Time and distance don’t change that. One phone call, and he’s there.
That’s the kind of relationship we strive to have with our clients at CMI Gold & Silver.
You may not talk to us every week. You may only buy metals a few times in your life. But when you do, I want you to feel the same way I feel about Rusty:

• “If I call, they’ll be there.”
• “They know me, they care, and they’ll shoot straight with me.”
• “I’m not just a transaction—I’m a relationship.”

In the end, precious metals are about protecting what matters most: your family, your savings, your peace of mind. And those things are far too important to entrust to the lowest bidder with the flashiest ad.
So yes, we’ll always work hard to give you a fair price and put as much metal in your hands as we can.
But more than that, as a family-owned precious metals dealer that’s been serving Americans since 1973, we want to be the trusted friend you can call—whether it’s been 20 days or 20 years.

The post Friendship, Precious Metals, and What Really Matters first appeared on CMI Gold & Silver.

1. Gold slips 3% as hawkish Fed comments spark market sell-off  Reuters
2. Gold price falls 3% amid market selloff  Mining.com
3. Gold Falls as Bets on Fed Cut Waver With Data Gap Clouding View  Yahoo Finance

China’s secretive gold purchases help fuel record rally  Financial Times

Robinhood Is Giving Away a $130K+ Gold Bar—Plus 999 Smaller Ones. But Should You Enter?  Investopedia

Gold may lose its shine in Seattle next year. Here’s why  The Seattle Times

How to lobby Trump with Swiss precision: gifts, gold and gab  Axios

Source: Canaccord Genuity analysts 11/10/2025

Canaccord Genuity raised its near-term price estimates on copper and iron ore and updated its ratings and target prices on the names under its coverage, analysts noted in a report.

A strong base metals price cycle has begun, driven by new, structural sources of demand globally, according to Canaccord Genuity (CG) analysts in a research note dated October 17, 2025. To reflect this outlook, they updated their price estimates for copper and iron ore as well as their ratings and price targets on the companies in its coverage universe.

CG provided these five current sources of demand for base metals, which are growing rapidly:

1) Developing domestic supply chains and building relevant infrastructure. It has become a priority for governments around the world to secure supplies of raw materials. The U.S., for example, is committing significant funds to investing directly and indirectly into a domestic supply chain.

“Given the U.S. move to an ‘America First’ policy, we believe nations around the world are going to look to reduce their external dependence economically and militarily, resulting in a regional government and business investment cycle that will more than offset lower consumer spending,” the CG analysts wrote.

2) Securing supplies of commodities for economic and military applications.

3) Key nations or blocs building strategic stockpiles of materials.

4) Rearming. This is particularly evident in the Western world as U.S. President Donald Trump pushes North Atlantic Treaty Organization members to increase military spending.

5) Pushing to accelerate artificial intelligence (AI) development and adoption. Given the AI race happening in the U.S. and globally, CG analysts believe data center infrastructure demand is going to continue and possibly go to a higher level.

Other positive tailwinds for base metals include the move away from the U.S. dollar, which seems to be escalating, particularly in commodity transactions. For example, last month, BHP Billiton Ltd. (BHP:NYSE; BHPLF:OTCPK), the world’s largest mining company, agreed to settle about 30% of its spot iron ore sales to China in Chinese yuan (RMB).

“We continue to believe that 2025 marks the final nails in the coffin of globalization, with the world splintering into at least two economic blocs (likely three),” the analysts wrote.

Another factor is the ongoing tensions and posturing between the world’s two largest economies, the U.S. and China, between which no trade deal has been reached. The analysts noted that the Chinese economy is struggling in several areas, and there have not been any signs of economic strengthening. Thus, they believe a stimulus deployment in 2026 is likely, and this would impact commodity prices positively.

The analysts’ macro outlook for Q4/25 is positive. They note resilient growth in the global economy and not much slowing in the U.S., except for in employment. The Organization for Economic Co-operation and Development recently raised its global gross domestic product growth estimate for this year to 3.2% but left next year’s forecast of 2.9% alone. Growth could pick up in H2/26, they purported, once the more than 100 rate cuts this year filter through the global economy.

“For now, we do not think business-cycle concerns should be the primary driver of investors’ asset mix and sector strategies,” the analysts wrote.

Bullish on Copper

The CG analysts presented their thoughts on copper. The copper price is rising again due to tightening supply conditions resulting from the force majeure at the Grasberg mine in Indonesia. At the same time, leading indicators of demand, such as manufacturing activity and global reflation, are acting as tailwinds. U.S. and Chinese physical demand for copper improved materially in Q3/25.

Against this backdrop, copper supply continues to be constrained after operational problems at several major mines (Kamoa-Kakula, El Teniente, Grasberg, Mantoverde, Constancia and Las Bambas) over the last six months and guidance downgrades for some mines, including QB2 and Tucuma. The CG analysts now expect to see exchange inventories start to deplete significantly through H1/26, thereby pressuring the copper price to rise.

For the rest of 2025 and into 2026, the analysts predict a period of increasing supply tightness as the impacts of major mine disruptions work their way downstream into an already tight concentrate market. They anticipate a transition to a refined metal shortage in H1/26 as scrap supply levels off and Chinese demand keeps growing. The analysts also wrote that they believe the global trade has figured out how to avoid the Trump tariffs, and as such, trade deals or offsetting stimulus measures will be infrastructure-heavy, military-focused, or both.

“Over the medium and long term, we believe the bifurcation and polarization of the global economy, coupled with copper’s role as a strategic metal in electrification and strong new demand pulses from onshoring, strategic stockpiling, and rearmament, will result in significant incremental demand over the rest of the decade,” wrote the analysts.

London Metals Exchange (LME) copper prices would need to move higher than CG analysts’ target of US$5 per pound (US$5/lb) for gold to sustain a price above US$4,000 per ounce. Given gold’s price above 800x LME copper prices, a historical barrier, and its seasonality typically starting in October, the metal could experience some volatility this quarter despite its steady climb.

Neutral on Iron Ore

Worldwide, year-to-date steel production continues to decrease, yet global steel stocks remain elevated due to weaker construction activity and ongoing economic uncertainty. Despite weakness in the global steel market and despite strong supply, IODEX, or Platts Iron Ore Index, pricing remains rangebound around its long-term average of about US$100 per ton (US$100/ton). The 65% premium has rebounded sharply from historic lows, but spot sales are still seeing a discount to the benchmark.

For the rest of 2025 and into 2026, CG analysts are neutral on the steel complex, they wrote, expecting prices to remain around current levels. They expect global steel production to decline again this year for the same reasons it did in 2024: weak Chinese demand, a slowdown in infrastructure projects in the rest of the world, anti-dumping measures, and regulatory attempts to rationalize Chinese steel production capacity.

Risks to iron ore pricing include the new U.S. tariffs, the ongoing trade war’s disruptions to the global economy, and the tonnage the large Simandou project in Guinea will add to supply throughout 2025 and 2026, already now in a surplus.

On the other hand, how the Chinese government responds to the latest U.S. tariff barrage will determine, in large part, what happens to the copper price going forward.

“Longer term,” wrote the analysts, “we believe the high-grade premium will move upward as the market demands higher iron ore content to offset coking coal usage as the steel industry continues to move toward ‘greening’ itself.”

Revised Price Estimates

In their report, the CG analysts revised their price decks for copper and iron ore. For copper, they increased their estimates for Q4/25e, Q2025e and Q2026e slightly. For Q4/25e, they now forecast US$4.85/lb, up from US$4.75/lb previously. For 2025e, their forecast is US$4.46/lb, previously US$4.44. For 2026e, their estimate is US$5.19/lb, up from US$5/lb before.

CG did not change its price forecasts for 2027e and beyond. Its long-term copper price is still US$4.50/lb.

As for iron ore, CG’s estimate for 2025e remains the same at US$102/ton. For 2026 through 2029, CG reduced its price by US$10, so now it is US$90/ton, US$100/ton before. The bank’s 2030e and long-term price now are US$85/ton, reflecting a US$5/ton decrease.

Changed Equity Positioning

The CG analysts wrote that they are shifting toward a more aggressive investment posturing, away from its dominant defensive posturing in Q2/25. They prefer copper versus the ferrous complex even though zinc prices have been strong due to supply-demand factors.

The analysts prefer companies that have leverage to copper prices, show production growth in 2026 and 2027 and have potentially meaningful positive catalysts ahead. They are less focused on names with low operational and financial risks and more focused on copper developers. They like companies with attractive jurisdictions, a clear and defined path to production (permits, technical studies, social licenses, etc.) and the economics and scale that would attract larger companies.

Names to Consider

The CG analysts highlighted many of the companies in their coverage universe. Among the developers, they wrote, Solaris Resources Inc. (SLS:TSX) is most likely to be acquired in the next 12 months. Arizona Sonoran Copper Co. (ASCU:TSX; ASCUF:OTC) is most likely to rerate given the quality of the asset, the strategic investment by HudBay Minerals Inc., improved trading liquidity, and the upcoming prefeasibility study on the Cactus project. Blue Moon Metals Inc. (MOON:TSX.V; BMOOF:OTCQB; 8SX0:FRA) is notable for its portfolio of fully financed, brownfield projects in good jurisdictions, its strategic optionality in the U.S., and its attractive valuation. Capstone Copper Corp. (CS:TSX) has medium-term production and cash flow growth, a solid balance sheet, commodity price leverage, and an attractive valuation. HudBay Minerals Inc. (HBM:TSX; HBM:NYSE) has a medium-term growth profile, an attractive valuation, and mixed copper-gold exposure. They also touched on Western Copper and Gold Corp. (WRN:TSX; WRN:NYSE.MKT), for which CG gave a Speculative Buy rating and CA$6.50 target price.

Two developers, the analysts downgraded are Ero Copper Corp. (ERO:NYSE) and First Quantum Minerals Ltd. (FM:TSX; FQM:LSE). While Ero shows near-term growth potential, the analysts see risks to 2025 production, questions around medium-term production, and a relatively elevated valuation on a net asset value basis. Therefore, they downgraded it to Hold from Buy because of ongoing operational challenges, the elevated NAV multiple, recent outperformance, and a limited implied return to their target. First Quantum offers solid near-term and medium-term growth if Cobre Panama is restarted, but this is not a given.

Among the larger caps, the analysts called out Lundin Mining Corp. (LUN:TSX; LUNMF:OTCMKTS) for its solid operations, strong balance sheet, longer-term growth via Vicuna, and lack of near-term capex commitments. They downgraded NGEx Minerals Ltd. (NGEX:TSX.V) to Hold from Speculative Buy based on its valuation.

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Disclosures for Canaccord Genuity, October 17, 2025

Analyst Certification Each authoring analyst of Canaccord Genuity whose name appears on the front page of this research hereby certifies that (i) the recommendations and opinions expressed in this research accurately reflect the authoring analyst’s personal, independent and objective views about any and all of the designated investments or relevant issuers discussed herein that are within such authoring analyst’s coverage universe and (ii) no part of the authoring analyst’s compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed by the authoring analyst in the research, and (iii) to the best of the authoring analyst’s knowledge, she/he is not in receipt of material non-public information about the issuer. Analysts employed outside the US are not registered as research analysts with FINRA. These analysts may not be associated persons of Canaccord Genuity LLC and therefore may not be subject to the FINRA Rule 2241 and NYSE Rule 472 restrictions on communications with a subject company, public appearances and trading securities held by a research analyst account. Sector Coverage Individuals identified as “Sector Coverage” cover a subject company’s industry in the identified jurisdiction, but are not authoring analysts of the report. Investment Recommendation Date and time of first dissemination: October 17, 2025, 16:04 ET Date and time of production: October 17, 2025, 16:04 ET Compendium Report This report covers six or more subject companies and therefore is a compendium report and Canaccord Genuity and its affiliated companies hereby direct the reader to the specific disclosures related to the subject companies discussed in this report, which may be obtained at the following website (provided as a hyperlink if this report is being read electronically) http:// disclosures.canaccordgenuity.com/EN/Pages/default.aspx; or by sending a request to Canaccord Genuity Corp. Research, Attn: Disclosures, P.O. Box 10337 Pacific Centre, 2200-609 Granville Street, Vancouver, BC, Canada V7Y 1H2; or by sending a request by email to disclosures@cgf.com. The reader may also obtain a copy of Canaccord Genuity’s policies and procedures regarding the dissemination of research by following the steps outlined above. Past performance In line with Article 44(4)(b), MiFID II Delegated Regulation, we disclose price performance for the preceding five years or the whole period for which the financial instrument has been offered or investment service provided where less than five years. Please note price history refers to actual past performance, and that past performance is not a reliable indicator of future price and/or performance. Distribution of Ratings: Global Stock Ratings (as of 10/17/25) Rating Coverage Universe IB Clients # % % Buy 677 69.87% 25.70% Hold 144 14.86% 6.94% Sell 8 0.83% 0.00% Speculative Buy 134 13.83% 59.70% 969* 100.0% *Total includes stocks that are Under Review Canaccord Genuity Ratings System BUY: The stock is expected to generate returns greater than 10% during the next 12 months. HOLD: The stock is expected to generate returns from -10% to 10% during the next 12 months. SELL: The stock is expected to generate returns less than -10% during the next 12 months. NOT RATED: Canaccord Genuity does not provide research coverage of the relevant issuer. Given the inherent volatility of some stocks under coverage, price targets for some stocks may imply target returns that vary temporarily from the ratings criteria above. *As of January 1, 2024, the Ratings History Chart will reflect the new Canaccord Genuity Ratings System as defined above. Risk Qualifier SPECULATIVE: The stock bears significantly above-average risk and volatility. Investments in the stock may result in material loss.

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Source: Streetwise Reports 11/13/2025

Dryden Gold Corp. (DRY:TSXV; DRYGF:OTCQB; FSE: X7W) tripled the strike length of the Elora Gold System to over 800 meters during its 2025 drill program. The company also reported new gold-bearing structures and key intercepts across multiple zones at Gold Rock Camp.

Dryden Gold Corp. (DRY:TSXV; DRYGF:OTCQB; FSE: X7W) has announced final results from its 2025 drill campaign at the Elora Gold System, located within the company’s broader Gold Rock Camp in Ontario. The company reports that it has more than tripled the strike length of the principal Elora Shear Zone to over 800 meters and identified additional gold-bearing structures in the hanging wall of the main system. The Elora Gold System remains open at depth, with most drill holes to date terminating above 200 meters vertically.

Recent near-surface intercepts include the widest intervals yet encountered on both the HW2 and HW3 hanging wall structures, as well as the Elora Shear itself. Hole DGR-25-028 intercepted the thickest mineralized interval yet drilled on the Elora Shear, while holes DGR-25-029 and DGR-25-030A delivered the widest intercepts to date on the HW2 and HW3 targets.

Trey Wasser, CEO of Dryden Gold, stated in the news release, “From this spring’s high-grade discovery at Pearl, to the discovery of high-grade gold mineralization in the new Hanging Wall structures and with the continuity of the main Elora Shear Zone now being demonstrated, we are in a great position as we lay out our 2026 drill program at Gold Rock.” He noted that the 2025 program has now achieved three of its four stated goals, including confirming strike continuity from Jubilee to Pearl, discovering additional sub-parallel structures, and advancing regional targets at Sherridon and Hyndman.

Dryden Gold also completed hole DGR-25-031, designed to cross both the Elora and Big Master Gold Systems. This hole intersected a significant fault zone that the geological team believes may influence mineralization patterns north of Pearl. Additional structural interpretation is underway to refine targeting in this area.

The company’s 2025 exploration efforts were supported by an approximately CA$5.8 million budget and covered multiple zones within its 702 km² land package. The Elora Gold System and the greater Gold Rock Camp are situated in a historically underexplored Archean lode gold district with limited prior drilling and shallow historic mining. All exploration work is being conducted under the supervision of Maura J. Kolb, M.Sc., P.Geo., Dryden’s President and Qualified Person under National Instrument 43-101.

Gold Rises as Market Eyes Policy Changes and Economic Volatility

Gold prices advanced in early November as investors responded to shifting fiscal policies and continued economic uncertainty. According to a November 10 report from Bloomberg, the metal climbed as much as 2.9% to surpass US$4,115 per ounce, as U.S. lawmakers moved closer to resolving the country’s longest government shutdown. Analysts cited growing expectations that the Federal Reserve may inject liquidity into the financial system to counteract the shutdown’s economic impact.

Commenting on market dynamics, Nicky Shiels, head of research at MKS Pamp SA, said gold and silver tend to benefit from the prospect of increased liquidity or higher asset prices. Ole Hansen, commodities strategist at Saxo Bank A/S, noted that fiscal instability has historically supported investment demand for metals, with higher yields often reinforcing gold’s appeal during periods of economic stress.

On November 11, Kitco News reported that gold prices pulled back slightly after reaching a three-week high, as short-term futures traders took profits. December gold futures settled at US$4,113.10 per ounce, while silver held firm at US$50.54 per ounce. Despite the brief retreat, gold remained on track for its strongest annual performance since 1979, following an all-time high in October. The report highlighted that expectations of a Federal Reserve rate cut had bolstered sentiment, particularly as softer U.S. economic data was anticipated after the government resumed operations.

In a November 12 commentary, Matthew Piepenburg emphasized gold’s historical role as a store of value. He stated that the metal had maintained its purchasing power over time despite the depreciation of fiat currencies, particularly referencing the long-term decline in the U.S. dollar’s value since the creation of the Federal Reserve. Piepenburg described gold as a financial hedge during times of monetary distortion and inflationary pressure.

Analyst Reports Highlight Structural Advances and Exploration Results at Dryden Gold

¹On August 28, John Newell initiated coverage with a “Speculative Buy” rating, citing the company’s 100%-owned and fully permitted 70,250-hectare land position and the structural focus along a 20-kilometer corridor at the Gold Rock Camp. Newell emphasized Dryden’s experienced management team and described the company’s geological approach as consistent with attributes of large-scale gold systems. He noted active exploration across multiple zones, including Gold Rock, Hyndman, and Sherridon.

Jeff Clark of the Gold Advisor revisited his coverage of Dryden Gold Corp. in October, writing on October 2 that the company was actively working to establish what he described as the next gold district in the Red Lake area. While acknowledging that gold prices could be a contributing factor, he emphasized the company’s exploration efforts as the primary driver of potential future value. In a subsequent note on October 9, Clark observed that Dryden remained relatively under the radar but was beginning to attract increased attention. He pointed to backing from prominent industry figures and institutions, including Centerra Gold, Rob McEwen, Eric Sprott, Bob Quartermain, and Alamos Gold.

Brien Lundin followed on October 28, writing, “Dryden Gold Corp. continues to advance its district-scale exploration strategy in Ontario’s Dryden Gold District, with meaningful results across all four of its 2025 campaign objectives . . . with strong exploration momentum, robust funding and multiple discovery zones across its land package, the company remains a Buy.”

In a report dated October 16, Ron Wortel of Couloir Capital increased his price target on Dryden Gold to CA$0.85. Wortel cited structural confirmation of high-grade stacked zones at the Elora Gold System, which extends roughly one kilometer. He identified the Gap Hole discovery as a key milestone that demonstrated mineralized continuity between the Elora and Big Master systems, with potential extensions toward the Paymaster structure.

Wortel’s assessment also covered regional progress at Hyndman and Sherridon. Channel sampling at Hyndman returned 23.32 grams per tonne gold over 2.8 meters, supporting its prioritization for 2026 drilling. At Sherridon, drill results included 1.28 grams per tonne gold over 19 meters, indicating potential for bulk-tonnage mineralization along a 5-kilometer trend. The report noted that structural modeling had identified controls similar to those observed at Red Lake, including shear-parallel and fold-related features across multiple zones.

The report also referenced Dryden Gold’s CA$7.82 million LIFE financing, with Centerra Gold maintaining its 9.9% ownership stake. Wortel concluded that the company was advancing key milestones identified in earlier analysis, with the pace of the 2025 drill campaign ahead of schedule and supporting an increased valuation outlook.

Advancing a District-Scale Gold Opportunity

Dryden Gold enters 2026 with a fully funded CA$5.95 million exploration budget and a multipronged development plan focused on advancing several prospective zones. At the core is the Elora Gold System within the Gold Rock Camp, where recent drilling has confirmed stacked mineralized zones and a strike length now exceeding 800 meters. The company aims to test the system at greater depths and along untested extensions, following structural patterns observed in similar Archean gold camps such as Red Lake. [OWNERSHIP_CHART-11012]

In addition to the Elora and Big Master Systems, the company has begun outlining targets at regional discovery areas, including Hyndman and Sherridon. Field programs at Hyndman have returned channel samples grading 23.32 g/t gold over 2.80 meters, including higher-grade sub-intervals, while drilling at Sherridon intercepted broad zones of mineralization, including 1.28 g/t gold over 19.0 meters.

Dryden’s 2026 exploration program includes over 23,000 meters of drilling, continued structural modeling, and geochemical surveys across its land package. The company’s location near Dryden, Ontario, offers excellent infrastructure, including road access and grid power, allowing for cost-effective, year-round operations. With all required permits in place, Dryden Gold believes it is positioned to continue its systematic approach to uncovering new mineralized zones across its extensive district holdings.

Ownership and Share Structure²

According to the company, management and insiders own 6.38%, with strategic entities owning 53.82% of Dryden.   

Centerra Gold Inc. (CG:TSX; CADGF:OTCPK)  holds 9.96%, with  Alamos Gold Inc. (AGI:TSX; AGI:NYSE) holding a 11.93% stake in it. Euro Pacific Asset Management LLC owns 3.79%. There are 193 million shares outstanding.  

Its market cap is CA$58 million, and it trades in a 52-week range of CA$0.395 and CA$0.105.

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Important Disclosures:

1. Dryden Gold is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000.
2. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Dryden Gold.
3. James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.
4. This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.

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1. Disclosure for the quote from the John Newell article published on August 28, 2025

1. For the quoted article (published on August 28, 2025), the Company has paid Street Smart, an affiliate of Streetwise Reports, US$2,000.
2. Author Certification and Compensation: [John Newell of John Newell and Associates] was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Newell holds a Chartered Investment Management (CIM) designation (2015) and a U.S. Portfolio Manager designation (2015). The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.

John Newell Disclaimer

As always it is important to note that investing in precious metals like silver carries risks, and market conditions can change violently with shock and awe tactics, that we have seen over the past 20 years. Before making any investment decisions, it’s advisable consult with a financial advisor if needed. Also the practice of conducting thorough research and to consider your investment goals and risk tolerance.

2. Ownership and Share Structure Information
The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.

( Companies Mentioned: DRY:TSXV; DRYGF:OTCQB; FSE: X7W,
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