Hecla Mining's real move should come in 2027 as silver demand keeps outgrowing supply. Nvidia's Vera Rubin uses 50% more silver than Blackwell, and 2027 will be the seventh straight year of silver deficit. Hecla is debt free, and its Greens Creek tailings are still not appreciated. x.com  x.com 

Rising diesel prices are less of a threat to Hecla's margins than feared, since diesel contributes only 3% of its operating costs, per its investor conference. x.com 

Domestic precious-metal miners are favored, because as gold moves into its next leg up, things will get rough in some places and some governments will get greedy. @CandidMacro adds energy supply issues at mines in Mali and probably Australia. Favorites are Coeur Mining, Hecla Mining, Endeavour Silver, Blackrock Silver and FGOVF. x.com  x.com  x.com 

Avino Silver & Gold Mines is breaking out of a falling wedge on volume, backed by strong results and a bullish sector. Q1 2026 revenue hit a record $39.4M alongside a new 127M oz silver-equivalent reserve, and Q2 silver output at La Preciosa rose 59%. $6.26 and the 200 EMA serve as support, and many gold and silver miners show similar curls on high relative volume. x.com 

Greatland's pullback, which reversed a 44% YTD gain into negative territory, may be a buying opportunity. It holds over A$900M of cash, zero debt and significant free cash flow, so growth is self-funded with no dilution risk. Production is already scaling, with visibility to 260-310koz near term and potentially 500koz long term, and low costs give it strong leverage to gold: if prices rise, margins and cash flow expand fast. Still on watch. x.com 

Gold miners have not yet priced in what record gold prices mean for the sector, and the window to get in is shrinking. Newmont beat Q1 profit estimates even though output fell, showing the gold price tailwind is covering operational shortfalls; earnings should rise further when production normalizes. The majors have pricing power they have not had in years and operating leverage is building, while most investors remain in tech. x.com  x.com 

Mining stocks such as Hecla are undervalued and more exciting than the popular optics, memory and packaging trades, because most miners have profit margins about 1.5-2x those of leading tech players. Hecla sits at +42% in 2026 against about 25% for Lumentum. This is not bearish on tech, but investors without miner exposure may soon wish they had it. x.com 

Gold miners, unlike gold itself, turn a higher gold price into compounding cash returns. On a path to $8,000 gold, margins would widen far beyond today's roughly $2,400 an ounce even if all-in sustaining costs rose a third to $2,650. Free cash flow per share is at a record of about $15.70, roughly tripled since 2024, and the industry is buying back stock rather than mines, a combination never seen before. Relative to the S&P 500, miners have never been cheaper, not in 2008, 2015 or 2020. x.com  … Show more

Aya Gold & Silver's management would not give investors a visual of what is left in its silver orebody, a major red flag. On a site visit, the map of the almost mined-out deposit was shown only after three days of asking, on a manager's phone, with requests to email or photograph it refused; the Zgounder silver mine is about 90% mined out. Boumadine is a polymetallic deposit with a silver credit, not a silver deposit. Replies cite an 11-year mine life and a resource near 100Moz. x.com  x.com  … Show more

Gold miners Coeur Mining, SSR Mining and Newmont benefit from operating leverage with gold at all-time highs. When gold rises, miners' costs stay fixed, so margins expand quickly and EPS explodes. All three passed a screen with debt-to-equity under 0.20, and Coeur's five-year EPS growth is 55%. x.com