February 16, 2026
Silver Giants Tower Over Vancouver!
Dear Subscriber,
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| By Sean Brodrick |
I recently returned from Vancouver, where I spent several high-energy days on the floor at the Vancouver Resource Investment Conference.
If you want a real-time read on sentiment in the resource space, this is the place to be.
And let me tell you — it was packed. What a time to be there!
Precious metals had gone vertical (though prices have even more recently pulled back from their highs … for now).
Silver whipped around with the kind of volatility you only see at major inflection points.
And gold continues to act like the ultimate monetary asset in a world that feels increasingly unstable.
The packed crowd in Vancouver knew it.
You could feel it in the halls — investors, analysts and executives all comparing notes, swapping stories and hunting for what comes next.
I also uncovered a paradox: Even after the wild action in gold and silver, many mining stocks are still priced as if none of this is happening.
- Balance sheets have improved.
- Production profiles are getting cleaner and more silver-weighted.
Yet valuations in much of the sector remain stuck in a pre-bull-market mindset.
That’s a disconnect — and an opportunity for savvy investors.
I recorded several video interviews with CEOs, who are not just riding the metals tape but actively reshaping their companies for the next leg higher.
Today, I want to introduce you to two of the most important conversations — both with what I’d call true “Silver Giants” in Mexico.
First Majestic Silver
I sat down with Mani Alkhafaji, who was recently promoted to President and Chief Corporate Development Officer of First Majestic Silver (AG).
This is a company coming off a record-breaking 2025 and fully embracing its identity as a pure silver powerhouse.
Mani walked me through how First Majestic is integrating its Gatos Silver acquisition.
That move should push annual production toward 30 million silver equivalent ounces (SEOs).
The company also has an ambitious 265,000-meter drill program for 2026, following up on high-grade discoveries like Santo Niño and Navidad.
Interestingly, First Majestics has a mint and sells silver directly to consumers.
Its booth at the VRIC was mobbed and added to the excitement.
I filmed an interview with Mani, where he dished up more details …
Click
here to watch the video.
Avino Silver & Gold Mines
I also caught up with David Wolfin, CEO of Avino Silver & Gold Mines (ASM).
Avino has been operating in Durango for decades. But the story is changing fast as La Preciosa comes into its own.
Avino is also a position in Resource Trader.
We added it in October of 2025 — an excellent entry — and I recently recommended subscribers grab 155% gains on HALF the position.
We’re still holding the rest, though, because I believe this stock has a lot further to go.
In 2025, the company produced roughly 1.16 million ounces of silver, or 2.6 million silver equivalent ounces in total.
That figure is set to step meaningfully higher in 2026, with management guiding toward approximately 2.7 million AgEq ounces as operations shift from lower-grade development material into higher-grade production mining.
Avino has a debt-free balance sheet, a five-year plan to triple production and is evolving into a high-growth silver developer with a massive resource base.
In the video, David dishes up more good news for his company …
Click
here to watch the video.
Avino is highly leveraged to silver — as is First Majestic!
Should you be buying these two companies now?
Subscribers to my premium services get my ideas on what to buy and when — and when to bank gains, as we did with Avino!
You also get a much more detailed analysis of any company I recommend.
Silver is on a wild roller-coaster ride. But I’m sure that silver prices will zigzag much higher from here.
And the stocks that are leveraged to them can do very well.
For more, you’ll need to watch this to the end.
All the best,
Sean
