Shanghai Futures Exchange Adjusts Silver Futures Hedging Limits for Non-Members from Feb 2026

New progress was made at Aya Gold & Silver’s Boumadine project in Morocco: a new parallel mineralized structure was identified within the project area, and drilling returned high-grade intervals (with silver equivalent up to 337 g/mt). To date, the project completed 28,900 meters of drilling this year, with 10 drill rigs currently operating continuously; an additional two rigs are expected to be added in March to accelerate resource growth and preparations for bringing the project into production.

Vizsla Silver’s Panuco silver ore project in Mexico, with its feasibility study results, demonstrates outstanding economic metrics. The project is expected to achieve annual production of 17.4 million ounces of silver equivalent over a 9.4-year mine life. Its after-tax net present value is as high as $1.8 billion, and its internal rate of return reached 111. At present, the enterprise has ample cash reserves exceeding $450 million, and project financing has been fully secured. The project is expected to commence first production in H2 2027, and the current permitting process is progressing steadily in line with expectations.

The Iran war continues to roil global markets, but gold isn’t shining so brightly right now even though many have long considered it a safe haven during a crisis.