<p>2025 年将被铭记为贵金属的突破之年，因为白银和黄金都达到了显著的新历史高点。虽然来自 Benzinga 观察名单 的黄金和白银小型股取得了惊人的收益，但其他锂和钢铁股票的表现也超出了各自的基准。总体而言，2025 年的观察名单带来了 281% 的回报。</p>
<h2>1. <strong>Volt Lithium</strong> (LibertyStream Infrastructure Partners)</h2>
<p>对于 Volt Lithium 来说，2025 年是一个变革之年。该公司更名为 <strong>LibertyStream Infrastructure Partners Inc.</strong> (OTC: VLTLF)，以迎合当前政府对商品独立的支持。</p>
<p>该公司加大了直接锂提取（DLE）测试的力度，处理了超过 350,000 桶盐水，并进行了超过 2,500 次测试。它在 12 月实现了来自德克萨斯州二叠纪精炼单元的首批锂碳酸盐产出，年产量约为 10 吨电池级产品。</p>
<p>为了监督运营，首席执行官 <strong>Alex Wylie</strong> 在 <strong>二叠纪盆地</strong> 的房车中度过了数月。他的实地考察方法引起了行业关注，展示了项目的领导力。尽管仍处于无收入阶段，但作为 DLE 的领导者之一，预计将在 2026 年实现生产增长并转向商业销售。</p>
<p>LibertyStream 的股票年初至今上涨了 295.00%。</p>
<h2><strong>2.</strong> <strong>Northern Superior Resources</strong></h2>
<p><strong>Northern Superior Resources, Inc.</strong> (OTC: NSUPF) 2025 年的故事围绕着地下金属盎司和企业退出展开。年初，Chibougamau 营地的勘探继续提供高达 12 克/吨黄金的拦截。6 月的出色结果显示矿化延伸超出了现有的矿坑轮廓，巩固了其卓越的增长潜力。</p>
<p>当 <strong>IAMGOLD Corp</strong>. (NYSE: IAG) 在 10 月同意以每股 0.0991 IAMGOLD 股票加上每股 0.19 加元现金收购该公司时，工作得到了回报，并伴随 <strong>ONGold</strong> 的分拆（每股 0.1957 股）。交易于 12 月 19 日完成。</p>
<p>在 2025 年，Northern Superior 的回报率为 493.75%。</p>
<h2><strong>3.</strong> <strong>Sierra Madre Gold and Silver</strong></h2>
<p><strong>Sierra Madre Gold and Silver Ltd.</strong> (OTC: SMDRF) 在 2025 年开始生产。<strong>La Guitarra</strong> 于 1 月重新启动商业生产，生产约 165,000 盎司银当量。由于价格上涨，该公司的收益从 480 万美元增加到 550 万美元，持续了三个季度。</p>
<p>然而，最好的还在后头，该公司计划进行工厂扩建。产能预计将从每天 500 吨扩展到 750-800 吨，到 2027 年达到每天 1,200-1,500 吨。</p>
<p>该矿还同意从 <strong>First Majestic Silver Corp.</strong> (NYSE: AG) 收购 <strong>Del Toro Silver Mine</strong>，该矿包括三个完全获得许可的地下场地和一个每天处理 3,000 吨的加工电路。</p>
<p>Sierra Madre Gold and Silver 年初至今上涨了 300.00%。</p>
<h2>4. <strong>Friedman Industries</strong></h2>
<p><strong>Friedman Industries Inc.</strong> (NASDAQ: FRD) 年初表现平静。第一季度的收益反映了财政第三季度，由于价格压力和低订单活动，导致净亏损。政治不确定性也起到了作用，许多企业进入了观望模式。</p>
<p>然而，第二季度的收益反弹，财政第四季度，销售量激增至 166,500 吨，钢铁价格在关税压力下上涨。</p>
<p>这一年的决定性时刻是 2025 年 9 月收购 <strong>Century Metals &amp; Supplies</strong>。此次收购带来了新的产品线、先进的加工技术，并打开了新的市场——尤其是佛罗里达州。</p>
<p>Friedman Industries 的股票年初至今上涨了 35.19%。</p>
<p><strong>阅读下一篇：</strong></p>
<ul>
<li><strong><em>银行对石油的看法一致看跌——这是否是 2026 年的逆向机会？</em></strong></li>
</ul>
<p><em>图片来源于 Shutterstock</em></p>

<p>在 2025 年，贵金属实现了显著的收益，Benzinga 的观察名单带来了 281% 的回报。主要表现者包括 Volt Lithium，该公司更名为 LibertyStream Infrastructure Partners，股票上涨了 295%；Northern Superior Resources 在被 IAMGOLD 收购后回报达 493.75%；而 Sierra Madre Gold and Silver 在进入生产阶段时上涨了 300%。Friedman Industries 经历了一个相对平静的年份，但在收购后反弹，股票上涨了 35.19%。总体而言，这一年标志着贵金属及相关股票的突破</p>

<p>The year 2025 will be remembered as the breakthrough year for precious metals, as both silver and gold reached significant new all-time highs. While gold and silver juniors from Benzinga’s watchlist marked incredible gains, even other lithium and steel stocks outperformed their respective benchmarks. Overall, the 2025 watchlist delivered a 281% return.</p>
<div class="lb-trans"><p>2025 年将被铭记为贵金属的突破之年，因为白银和黄金都达到了显著的新历史高点。虽然来自 Benzinga 观察名单 的黄金和白银小型股取得了惊人的收益，但其他锂和钢铁股票的表现也超出了各自的基准。总体而言，2025 年的观察名单带来了 281% 的回报。</p>
</div><h2>1. <strong>Volt Lithium</strong> (LibertyStream Infrastructure Partners)</h2>
<div class="lb-trans"><h2>1. <strong>Volt Lithium</strong> (LibertyStream Infrastructure Partners)</h2>
</div><p>For Volt Lithium, 2025 was a year of change. The firm was renamed to <strong>LibertyStream Infrastructure Partners Inc.</strong> (OTC: VLTLF), appealing to the current administration’s support for commodity independence.</p>
<div class="lb-trans"><p>对于 Volt Lithium 来说，2025 年是一个变革之年。该公司更名为 <strong>LibertyStream Infrastructure Partners Inc.</strong> (OTC: VLTLF)，以迎合当前政府对商品独立的支持。</p>
</div><p>The firm ramped up its direct lithium extraction (DLE) testing, processing more than 350,000 barrels of brine and conducting more than 2,500 tests. It achieved its first lithium carbonate output in December from a Texas Permian refining unit sized at around 10 tons per annum of battery-grade product.</p>
<div class="lb-trans"><p>该公司加大了直接锂提取（DLE）测试的力度，处理了超过 350,000 桶盐水，并进行了超过 2,500 次测试。它在 12 月实现了来自德克萨斯州二叠纪精炼单元的首批锂碳酸盐产出，年产量约为 10 吨电池级产品。</p>
</div><p>To oversee operations, CEO <strong>Alex Wylie</strong> spent months in a camper in the <strong>Permian Basin</strong>. His boots-on-the-ground approach made industry news, showcasing the project’s leadership. Still pre-revenue, one of the DLE leaders should see a production ramp-up and pivot to commercial sales in 2026.</p>
<div class="lb-trans"><p>为了监督运营，首席执行官 <strong>Alex Wylie</strong> 在 <strong>二叠纪盆地</strong> 的房车中度过了数月。他的实地考察方法引起了行业关注，展示了项目的领导力。尽管仍处于无收入阶段，但作为 DLE 的领导者之一，预计将在 2026 年实现生产增长并转向商业销售。</p>
</div><p>LibertyStream stock is up 295.00% year-to-date.</p>
<div class="lb-trans"><p>LibertyStream 的股票年初至今上涨了 295.00%。</p>
</div><h2><strong>2.</strong> <strong>Northern Superior Resources</strong></h2>
<div class="lb-trans"><h2><strong>2.</strong> <strong>Northern Superior Resources</strong></h2>
</div><p><strong>Northern Superior Resources, Inc.’s</strong> (OTC: NSUPF) 2025 story is all about ounces in the ground and a corporate exit. Early in the year, the exploration at the Chibougamau camp continued to deliver intercepts as high as 12g/t Au. Outstanding results continued in June, demonstrating mineralization extending beyond the existing pit shell and solidifying the exceptional growth potential.</p>
<div class="lb-trans"><p><strong>Northern Superior Resources, Inc.</strong> (OTC: NSUPF) 2025 年的故事围绕着地下金属盎司和企业退出展开。年初，Chibougamau 营地的勘探继续提供高达 12 克/吨黄金的拦截。6 月的出色结果显示矿化延伸超出了现有的矿坑轮廓，巩固了其卓越的增长潜力。</p>
</div><p>The work paid off when, in October, <strong>IAMGOLD Corp</strong>. (NYSE: IAG) agreed to acquire the firm for 0.0991 IAMGOLD shares plus 0.19 Canadian dollars in cash per share, along with a spin-out of <strong>ONGold</strong> (0.1957 shares per share). The transaction closed on December 19.</p>
<div class="lb-trans"><p>当 <strong>IAMGOLD Corp</strong>. (NYSE: IAG) 在 10 月同意以每股 0.0991 IAMGOLD 股票加上每股 0.19 加元现金收购该公司时，工作得到了回报，并伴随 <strong>ONGold</strong> 的分拆（每股 0.1957 股）。交易于 12 月 19 日完成。</p>
</div><p>In 2025, Northern Superior returned 493.75%.</p>
<div class="lb-trans"><p>在 2025 年，Northern Superior 的回报率为 493.75%。</p>
</div><h2><strong>3.</strong> <strong>Sierra Madre Gold and Silver</strong></h2>
<div class="lb-trans"><h2><strong>3.</strong> <strong>Sierra Madre Gold and Silver</strong></h2>
</div><p><strong>Sierra Madre Gold and Silver Ltd.</strong> (OTC: SMDRF) moved into production in 2025. <strong>La Guitarra</strong> restarted commercial production in January, producing about 165,000 silver-equivalent ounces. The firm’s earnings rose, buoyed by higher prices, from $4.8 million to $5.5 million over three quarters.</p>
<div class="lb-trans"><p><strong>Sierra Madre Gold and Silver Ltd.</strong> (OTC: SMDRF) 在 2025 年开始生产。<strong>La Guitarra</strong> 于 1 月重新启动商业生产，生产约 165,000 盎司银当量。由于价格上涨，该公司的收益从 480 万美元增加到 550 万美元，持续了三个季度。</p>
</div><p>Still, the best is yet to come, as the firm plans a plant expansion. The capacity should expand from 500 tons per day to 750-800 tons per day by mid-2026, and 1,200-1,500 tons per day by 2027.</p>
<div class="lb-trans"><p>然而，最好的还在后头，该公司计划进行工厂扩建。产能预计将从每天 500 吨扩展到 750-800 吨，到 2027 年达到每天 1,200-1,500 吨。</p>
</div><p>The miner has also agreed to acquire <strong>Del Toro Silver Mine</strong> from <strong>First Majestic Silver Corp.</strong> (NYSE: AG), which includes three fully permitted underground sites and a 3,000 tons per day processing circuit.</p>
<div class="lb-trans"><p>该矿还同意从 <strong>First Majestic Silver Corp.</strong> (NYSE: AG) 收购 <strong>Del Toro Silver Mine</strong>，该矿包括三个完全获得许可的地下场地和一个每天处理 3,000 吨的加工电路。</p>
</div><p>Sierra Madre Gold and Silver has gained 300.00% year-to-date.</p>
<div class="lb-trans"><p>Sierra Madre Gold and Silver 年初至今上涨了 300.00%。</p>
</div><h2>4. <strong>Friedman Industries</strong></h2>
<div class="lb-trans"><h2>4. <strong>Friedman Industries</strong></h2>
</div><p><strong>Friedman Industries Inc.</strong> (NASDAQ: FRD) had a quiet beginning to the year. First-quarter earnings, reflecting the fiscal third quarter, resulted in a net loss due to pricing pressures and low order activity. The political uncertainty played a role, as numerous businesses entered a wait-and-see mode.</p>
<div class="lb-trans"><p><strong>Friedman Industries Inc.</strong> (NASDAQ: FRD) 年初表现平静。第一季度的收益反映了财政第三季度，由于价格压力和低订单活动，导致净亏损。政治不确定性也起到了作用，许多企业进入了观望模式。</p>
</div><p>However, earnings rebounded in the second quarter, the fiscal fourth quarter, as sales volumes surged to 166,500 tons and steel prices rose amid tariff pressures.</p>
<div class="lb-trans"><p>然而，第二季度的收益反弹，财政第四季度，销售量激增至 166,500 吨，钢铁价格在关税压力下上涨。</p>
</div><p>The year’s defining moment was the September 2025 acquisition of <strong>Century Metals &amp; Supplies</strong>. The acquisition brought new product lines, advanced processing, and opened doors to new markets – notably Florida.</p>
<div class="lb-trans"><p>这一年的决定性时刻是 2025 年 9 月收购 <strong>Century Metals &amp; Supplies</strong>。此次收购带来了新的产品线、先进的加工技术，并打开了新的市场——尤其是佛罗里达州。</p>
</div><p>Friedman Industries’ stock has gained 35.19% year-to-date.</p>
<div class="lb-trans"><p>Friedman Industries 的股票年初至今上涨了 35.19%。</p>
</div><p><strong>Read Next:</strong></p>
<div class="lb-trans"><p><strong>阅读下一篇：</strong></p>
</div><ul>
<li><strong><em>Banks Are Unanimously Bearish On Oil – Is It The Contrarian Opportunity For 2026?</em></strong></li>
</ul>
<div class="lb-trans"><ul>
<li><strong><em>银行对石油的看法一致看跌——这是否是 2026 年的逆向机会？</em></strong></li>
</ul>
</div><p><em>Image via Shutterstock</em></p>
<div class="lb-trans"><p><em>图片来源于 Shutterstock</em></p>
</div>

三位数回报：分析 Benzinga 的 2025 年观察名单