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  • 02 Jul 2025

Q2/25 Recap: All Our Research in One Place!


Khan Resources (KRI:TSE), 0 | Kobo Resources Inc. (KRI:TSX), 0 | COPPER FOX METALS (CUU:TSE), 0 | Copper Fox Metals Inc. (CUU:TSX), 0 | Mineros SA (MSA:TSE), 0 | Vape Holdings Inc (VAPE:NYSE), 0 | CEA Industries Inc (BNC:NAS), 0 | BQE Water Inc (BQE:TSX), 0 | Kontrol Technologies Corp. (KNR:NEOL), 0 | Sabio Holdings, Inc. (SBIO:TSX), 0 | ADF Group Inc. (DRX:TSE), 0 | Andean Precious Metals Corp (APM:TSE), 0 | RIO2 Limited (RIO:TSE), 0 | Giga Metals Corporation (GIGA:TSX), 0 | A2 Gold Corp. (AUAU:TSX), 0 | SANTACRUZ SILVER MINING (SCZ:TSE), 0 | Santacruz Silver Mining Ltd. (SCZ:TSX), 0 | Amerigo Resources Ltd (ARG:TSE), 0 | Sailfish Royalty Corp. (FISH:TSX), 0 | Omai Gold Mines Corp. (OMG:TSX), 0 | Trigon Metals Inc. (TM:TSX), 0 | Moon River Moly Ltd. (MOO:TSX), 0 | Capitan Silver Corp (CAPT:TSX), 0 | NICOLA MINING (NIM:TSE), 0 | Nicola Mining Inc. (NIM:TSX), 0 | Lake Victoria Gold Ltd (LVG:TSX), 0 | Dynacor Group Inc (DNG:TSE), 0 | Endurance Gold Corporation (EDG:TSX), 0

  • Atrium Research
    • Ben Pirie | Nicholas Cortellucci, CFA

    • 8 pages


 

Quarterly Coverage Update Q2/25 was another strong quarter for Atrium, with continued outperformance from the precious metals space, once again led by silver equities. Our coverage universe climbed 27% on average during the quarter and is up 80% over the last year, compared to the TSX which rose 7% and 23%, respectively. This builds on the 13% gain from our coverage in Q1/25. Top performers include Santacruz Silver (+102%), Allegiant Gold (+79%) and Capitan Silver (+77%). Atrium Research was a proud sponsor of THE Mining Investment Event of the North in Québec City this quarter. It was a valuable opportunity to connect with top-tier mining companies, investors, and industry professionals as interest in the sector continues to grow. We have also started publishing articles aimed to educating the market on the benefits of company sponsored research. You can read our latest piece here. Q2/25 was another busy quarter on the research front. Our team published a total of four initiation reports, 36 research notes, two short-form videos, six management interviews, three mining monthly reports, and one mining panel discussion, all of which are available below.

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Q2/25 Recap: All Our Research in One Place!


Khan Resources (KRI:TSE), 0 | Kobo Resources Inc. (KRI:TSX), 0 | COPPER FOX METALS (CUU:TSE), 0 | Copper Fox Metals Inc. (CUU:TSX), 0 | Mineros SA (MSA:TSE), 0 | Vape Holdings Inc (VAPE:NYSE), 0 | CEA Industries Inc (BNC:NAS), 0 | BQE Water Inc (BQE:TSX), 0 | Kontrol Technologies Corp. (KNR:NEOL), 0 | Sabio Holdings, Inc. (SBIO:TSX), 0 | ADF Group Inc. (DRX:TSE), 0 | Andean Precious Metals Corp (APM:TSE), 0 | RIO2 Limited (RIO:TSE), 0 | Giga Metals Corporation (GIGA:TSX), 0 | A2 Gold Corp. (AUAU:TSX), 0 | SANTACRUZ SILVER MINING (SCZ:TSE), 0 | Santacruz Silver Mining Ltd. (SCZ:TSX), 0 | Amerigo Resources Ltd (ARG:TSE), 0 | Sailfish Royalty Corp. (FISH:TSX), 0 | Omai Gold Mines Corp. (OMG:TSX), 0 | Trigon Metals Inc. (TM:TSX), 0 | Moon River Moly Ltd. (MOO:TSX), 0 | Capitan Silver Corp (CAPT:TSX), 0 | NICOLA MINING (NIM:TSE), 0 | Nicola Mining Inc. (NIM:TSX), 0 | Lake Victoria Gold Ltd (LVG:TSX), 0 | Dynacor Group Inc (DNG:TSE), 0 | Endurance Gold Corporation (EDG:TSX), 0

  • Published: 02 Jul 2025
  • Author: Ben Pirie | Nicholas Cortellucci, CFA
  • Pages: 8
  • Atrium Research


Quarterly Coverage Update Q2/25 was another strong quarter for Atrium, with continued outperformance from the precious metals space, once again led by silver equities. Our coverage universe climbed 27% on average during the quarter and is up 80% over the last year, compared to the TSX which rose 7% and 23%, respectively. This builds on the 13% gain from our coverage in Q1/25. Top performers include Santacruz Silver (+102%), Allegiant Gold (+79%) and Capitan Silver (+77%). Atrium Research was a proud sponsor of THE Mining Investment Event of the North in Québec City this quarter. It was a valuable opportunity to connect with top-tier mining companies, investors, and industry professionals as interest in the sector continues to grow. We have also started publishing articles aimed to educating the market on the benefits of company sponsored research. You can read our latest piece here. Q2/25 was another busy quarter on the research front. Our team published a total of four initiation reports, 36 research notes, two short-form videos, six management interviews, three mining monthly reports, and one mining panel discussion, all of which are available below.

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