Banyan Gold Corp. (TSXV: BYN, OTCQB: BYAGF)
The New Yukon Gold Rush - TARGETING 5 MILLION OZ. AT 1+ G/T
As gold and silver prices retreat from their all-time highs, the precious metals market is once again capturing investors’ attention. Against the current macroeconomic backdrop, two stocks—Agnico Eagle Mines (TSX: AEM) and Endeavour Silver (TSX: EDR)—are worth adding to your watchlist. Both companies are favorably positioned, but their business profiles differ significantly, so investors’ choices should depend on their own risk tolerance.
Recently, inflationary pressures, global economic uncertainty, and ongoing geopolitical tensions have driven investors back to the precious metals market. Silver has also benefited from an additional tailwind: rising industrial demand, particularly in the green energy and technology sectors.
Dan Dickson, CEO of Endeavour Silver, stated during the Q4 2025 earnings call in February 2026: “Gold prices are well above USD 5,000 per ounce, and silver prices have also broken through USD 90 per ounce. There is still significant upside in this precious metals cycle.”
Agnico Eagle is the world’s second-largest gold producer, operating 10 mines across four countries, with 85% of its production coming from Canada. In 2025, Agnico Eagle achieved EBITDA of USD 8.8 billion and free cash flow of USD 4.4 billion. The Canadian mining stock returned USD 1.4 billion to shareholders through dividends and share buybacks, ending the year with a net cash balance of USD 2.7 billion.
The company aims to increase its current production of approximately 3.4 to 3.5 million ounces per year by an additional 20% to 30% by the early 2030s. Key projects driving this growth include the Detour Lake and Canadian Malartic mines, each targeting 1 million ounces of gold per year, as well as the Hope Bay project in Nunavut. Management plans to present a formal construction proposal for the project in May 2026. Hope Bay is expected to produce 400,000 to 450,000 ounces of gold annually during its first decade of operation, with significant exploration potential along an 80-kilometer greenstone belt.
Over the past two decades, Agnico Eagle has tripled its per-share production, an outstanding performance. The company has delivered an average annual compounded return of 13% over those 20 years, generating substantial long-term gains for shareholders.
In 2025, Endeavour Silver achieved record sales revenue of USD 468 million, a 115% increase year-over-year. The company reached a significant milestone in October 2025 by placing its Terronera mine in Mexico into commercial production. Additionally, the company acquired the Kolpa mine in Peru and holds the Pitarrilla project—one of the largest undeveloped silver deposits in the world. A feasibility study for Pitarrilla is expected to be completed in the third quarter of 2026, with a potential construction decision in early 2027.
For aggressive, growth-oriented investors bullish on silver’s long-term trajectory, Endeavour Silver warrants in-depth research, though its execution risks should not be overlooked.
