Thomas Scott Kaplan

October 12, 2026

Morgan Stanley cuts Sunshine Silver target to $20. Morgan Stanley has lowered its price target for Sunshine Silver Mining to $20 while keeping an Overweight rating. This adjustment is part of a broader analyst consensus where the average target is $19.17. The stock is currently trading near its 52-week low, reflecting recent market pressure despite the firm's positive stance.

September 7, 2026

US Government Takes Equity Stake in Trilogy Metals' Alaska Projects. Trilogy Metals has signed equity investment agreements worth $35.6 million with the US federal government to support its Alaska-based mining projects, meaning Washington is now part of the company's capital stack. This represents direct government financial backing for Trilogy's operations, which focus on critical minerals in Alaska. The investment adds a government partner to the funding structure for the company's projects. The stock continues to trade well below the average analyst price target of $6.63.

October 12, 2026

Novagold Resources faces widening loss and financing concerns. Recent coverage notes that Novagold reported a larger quarterly loss and that the status of the Donlin project remains uncertain. Analysts point out that while the company has proven gold resources, it faces difficulty securing financing at attractive terms. The Q3 2026 earnings call highlighted these challenges and discussed the company's path forward. These factors keep attention on the stock's near‑term performance.