Which TSXV-listed junior silver stocks are the top performers so far this year? We’ve compiled a list to guide investors.
Click here to read the previous best junior silver stocks article.
Silver attracted renewed attention in the first half of 2021, surging to a seven year high of US$28.55 per ounce. While the white metal's performance hasn't shone as brightly in the second half of the year, some junior silver stocks are still enjoying share price gains.
Silver's price spike in February was initially linked to the WallStreetBets Reddit forum. The group responsible for driving up GameStop's (NYSE:GME) share price also targeted silver, drawing attention to the metal. While WallStreetBets has distanced itself from silver, retail interest was sparked elsewhere.
By the end of February, the excitement had waned, and silver landed at US$25.25 by the end of March. In keeping with its volatile nature, it rebounded to the US$28 level in mid-May only to slide to about US$22 in December.
There is a silver lining — according to the Silver Institute, industrial demand for the metal is anticipated to touch a four year high in 2021 of 510 million ounces. The increase would mark a 9 percent year-over-year rise. Total silver demand is also projected to see an upswing, totaling 1.03 billion ounces — a six year high.
Below the Investing News Network has listed the best junior silver stocks on the TSXV by share price performance so far this year. All year-to-date and share price data was obtained on December 7, 2021, using TradingView's stock screener. All junior silver stocks listed had market caps above C$10 million at that time.
1. Guanajuato Silver
Year-to-date gain: 78.18 percent; current share price: C$0.49
Mexico-focused Guanajuato Silver (TSXV:GSVR) is engaged in reactivating past-producing silver and gold mines near the city of Guanajuato. Its aim is to refurbish and restart production at its El Pinguico project, and it recently restarted production at its El Cubo mine and mill.
Formerly known as Vangold Mining, Guanajuato Silver has had a busy year. The company completed a combined preliminary economic assessment for El Cubo and El Pinguico in February, and the next month signed a definitive purchase agreement for El Cubo. It reported drill results from El Pinguico in May and July, and started underground infill and expansion drilling at El Cubo in September. Guanajuato Silver also signed a silver and gold concentrate sales deal in September. The company completed its first sale of concentrate in October.
2. Vizsla Silver
Year-to-date gain: 65.9 percent; current share price: C$2.87
Vizsla Silver's (TSXV:VZLA) flagship asset is its district-scale Panuco silver-gold project in Mexico's Sinaloa province. The company has the option to acquire 100 percent of this newly consolidated 9,386.5 hectare district, which includes over 75 kilometers of total vein extent, a 500 tonne per day mill and 35 kilometers of underground mines. It also has tailings facilities, roads, power and permits.
Vizsla has been active throughout the year, and its share price reached its highest point so far in 2021 on October 25, when it hit C$3.11. The gain in value followed the company's release of positive drill results from its ongoing exploration campaign at Panuco.
3. Rugby Mining
Year-to-date gain: 56.25 percent; current share price: C$0.13
Next on this top junior silver stocks list is discovery-stage exploration company Rugby Mining (TSXV:RUG). It is targeting precious metals and base metals in top mining jurisdictions in Chile, Colombia, Argentina, the Philippines and Australia. The company's main focus is the El Zanjon gold-silver project in Argentina.
Rugby further strengthened its project pipeline with the October acquisition of Proximo Resources, which controls gold and silver exploration assets in Chile and Argentina, including the drill-ready Salvadora silver-copper-gold project. Company shares peaked at C$0.16 on April 8.
4. Stuhini Exploration
Year-to-date gain: 34.15 percent; current share price: C$0.55
Next on this list of top junior silver stocks is Stuhini Exploration (TSXV:STU), a precious and base metals company with three main assets: the Metla and Ruby Creek properties in BC and the Que project in the Yukon.
This year, Stuhini has been conducting surveying and sampling work at Ruby Creek. In mid-March, an airborne survey identified the Silver Surprise target. Later in the spring, high-grade silver mineralization was discovered within that target zone, as well as at the Boulder Creek target, including 121.34 grams per tonne (g/t) gold and 2,093 g/t silver. The company's share price reached its highest point for 2021 on May 21 when it hit C$0.72.
5. Silver Tiger Metals
Year-to-date gain: 3.39 percent; current share price: C$0.61
Silver Tiger Metals (TSXV:SLVR) is focused on its El Tigre mining district, which covers 28,414 hectares in Mexico. The historic property is located at the northern end of the country's Sierra Madre silver-gold belt, and the company is currently working toward producing an updated resource estimate and a preliminary economic assessment.
Shares of Silver Tiger peaked at C$0.75 in mid-May on the day that it announced the intersection of 1.3 meters grading 3,000.7 g/t silver equivalent within 14.8 meters grading 462.6 g/t silver equivalent. The discovery was made at El Tigre's Benjamin vein, and work has continued there and at other veins this year.
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Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.
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