Good day,
Thank you for subscribing to the Earnings360 newsletter, your daily source for quarterly earnings news and updates.
Each morning edition contains a wrap-up of today's pre-market earnings announcements and yesterday's earnings announcements after the closing bell.
Before we send you your first edition, please take a moment to confirm your subscription below. We will not be able to send your newsletter until you confirm your subscription.
Confirm Your Subscription Here
The Earnings360 Team
Featured Article from MarketBeat.com The Metals Market Is Heating Up—4 Stocks Poised to ShineWritten by Bridget Bennett. Published 11/6/2025. 
Key Points - Gold has risen from $1,800 to nearly $3,000—and according to Brett Eversole, it could go much higher.
- Retail investors are just starting to re-enter the gold market, signaling a new, accelerating phase.
- Four metal stocks offer potential upside for investors looking beyond bullion: AG, HL, EQX, and SA.
It's one of the fastest-growing markets out there, yet most investors are still ignoring it. Gold has climbed from about $1,800 an ounce to nearly $3,000, and according to Stansberry Research's Brett Eversole, that's just the beginning. He believes this bull market could ultimately send gold to $8,000–$10,000 per ounce before it's all over. A strange chasm is coming to Wall Street...
It's already creating millionaires and billionaires at the fastest pace in history. CNBC calls it "the largest wealth creation spree in history." Yet 1 in 3 Americans now fear their financial situation is deteriorating. There's only one way to survive, says the man who predicted 2008 and 2020, but sadly it's already too late for many. Everything you need to know is here. That might sound bold, but the data—and the investor behavior behind it—tell a convincing story. A Shift in Who's Buying Gold For years, central banks were the primary buyers pushing gold prices higher. Between 2022 and 2024, many global institutions steadily sold Treasury bonds and increased their gold holdings. Retail investors, however, were largely absent. That's starting to change. Eversole points to a key indicator: shares outstanding in gold ETFs like SPDR Gold Shares (NYSEARCA: GLD), which had been declining for years. That trend has reversed—ETF shares are climbing again, a signal that individual investors are moving back into the market. When retail investors finally catch on to a boom, history shows what typically happens next: - The trend accelerates
- Valuations rise quickly
- The boom eventually turns into a bubble
But, as Eversole puts it, "Between now and then, there's a lot of money to be made." Why Gold (and Silver) Still Have Room to Run Markets move in cycles. The last major gold boom began in 2001 and lasted about a decade, with prices rising roughly 600% before peaking. The current cycle began around 2018, which means we're only several years into a similar long-term trend. If history repeats, gold could roughly double from here—and silver may do even better. Silver has always been the "wild card" among the metals: more volatile and more speculative, but capable of much larger percentage gains once momentum builds. Eversole believes we're approaching that stage now. If gold reaches $8,000 an ounce, silver could rise to $200 an ounce—roughly 4x potential upside from current levels. That outlook makes select mining stocks particularly compelling right now. 4 Mining Stocks That Could Lead the Metals Boom There's more than one way to play a metals bull market—these four names illustrate different approaches. They aren't household names (yet), but Eversole believes they have the most upside as gold and silver continue to climb. First Majestic Silver: A Pure Play on Silver's Breakout If silver surges in the late stage of this cycle, First Majestic Silver (NYSE: AG) could be one of the biggest beneficiaries. Headquartered in Canada, all its operations are in Mexico—and roughly 60% of its revenue is tied to silver. This is not a newcomer to metals rallies. "During the early 2000s, they were up five or six hundred percent in a couple of years," Eversole notes. "Coming out of the financial crisis, they were up a couple of thousand percent." That history shows First Majestic doesn't just move with silver—it can outperform it. Hecla Mining: A Low-Cost Producer with Big Leverage Hecla Mining (NYSE: HL) offers exposure to both gold and silver, with production split roughly 50/50. What sets Hecla apart is its low cost of production and stable jurisdictions. "They've got strong assets in good places and they're a low-cost producer," Eversole says. "Their cost to pull an ounce of silver out of the ground is around $13 an ounce. That's about half what the industry average is." A cost advantage like that becomes a powerful earnings lever as metals prices rise: Hecla captures more profit on each incremental price move without operating in exotic or risky jurisdictions. Equinox Gold: From Builder to Cash Generator Equinox Gold (NYSEAMERICAN: EQX) is shifting from asset accumulation to profitability. After years of investment, the company is pivoting toward cash generation just as gold prices accelerate. Production is forecast to rise from about 800,000 to 1.2 million ounces by 2027, while costs are expected to fall from roughly $1,900 to $1,500 per ounce—an operational pivot investors prize. Eversole says the company could become a "cash-gushing machine," with projected free cash flow rising from around $80 million to roughly $1 billion as operations scale and costs decline. Seabridge Gold: A High-Upside Bet on What's Still Underground Seabridge Gold (NYSE: SA) doesn't currently produce gold, but it may hold one of the most valuable undeveloped gold and copper assets in the world. Its flagship KSM project in British Columbia is estimated to contain $25–$30 billion worth of metals. What Seabridge needs is a partner. "I think that when that joint venture deal is announced… this is a massive upside catalyst for the stock," Eversole says. Seabridge's structure gives it high leverage to the gold price: as prices rise, the economic value of its reserves increases dramatically. If a joint venture is announced while gold is climbing, Seabridge could reprice quickly. Why the Rally Still Has Room to Run This isn't just a short-term surge. Eversole argues we're still early in a global upswing that's lifting many asset classes: - Stock markets around the world are at or near all-time highs
- Mid-cap and small-cap equities are breaking out
- Gold and silver are surging alongside them
When multiple sectors and geographies rally together, it typically signals broad global strength—not just a temporary rush into a single asset class. The Risk—and the Opportunity Metals can be volatile. Gold has moved sharply in recent months, and a pullback would not be surprising. Eversole views such dips as buying opportunities rather than reasons for alarm. The "mania phase"—when everyone's talking about gold, ads flood the internet, and retail pours in at the top—has not arrived yet. We're not there yet, which means there may still be time to position for what comes next.
| 
