Silver

silver dollar mx

Silver Dollar Resources

Fully Funded and Drilling its Flagship Project in the Prolific Mexican Silver Belt

SLV:CNX
CSE:SLV

Overview

Eric Sprott is a billionaire investor who has committed a major portion of his investments to the mining industry. This amounts to around $200 to $300 million of his wealth. In 2019, Sprott announced that he prefers to invest in junior mining companies as opposed to major mining companies given their potential for making new discoveries and higher growth.

As investors seek entrance into the mining industry, they will likely find Mr. Sprott’s recent investments to be of particular interest given his successful track record. Coattail investing is an increasingly popular and simple investment strategy in which an investor mimics the investments of a renowned investor like Eric Sprott.

One such example is Silver Dollar Resources (CSE: SLV, OTCQX: SLVDF, FSE: 4KW), where Mr. Sprott is a co-founding shareholder and now owns approximately 17% of shares issued. Silver Dollar is a mineral exploration company with an aggressive growth strategy, having acquired its flagship La Joya Silver Project within three months of going public last year.

The company is led by an experienced management team with 100 years of collective experience in exploration, mining, and the capital markets. Also, Silver Dollar’s two technical advisors are past recipients of the PDAC Thayer Lindsley International Mineral Discoveries Award for discovering over a billion ounces of silver and 10 million ounces of gold in their careers.

Silver Dollar is fully funded to execute its 2021-2022 exploration plans with approximately $10 million in the treasury. The bulk of these funds stem from a financing closed last year with lead orders from Mr. Sprott and First Majestic Silver Corp. (TSX: FR, NYSE: AG, FSE: FMV), who is now also one of Silver Dollar’s largest shareholders with approximately 14% of shares issued.

The company boasts a tight share structure with 41,847,237 shares issued, 3,200,000 stock options with an average exercise price of $1.48, and a total of 45,047,237 shares outstanding on a fully diluted basis.

Silver Dollar’s Company Highlights

  • A mineral exploration company with an aggressive growth strategy.
  • Fully funded for drilling on the company’s flagship La Joya Silver Project located in the mining-friendly state of Durango in the heart of the Mexican Silver Belt.
  • Eric Sprott is a co-founding shareholder who currently owns ~17% of shares issued.
  • First Majestic Silver, one of the largest silver producers in Mexico, is also a strategic investor who owns ~14% of the shares issued.
  • The company is led by an experienced management team with 100 years of collective experience in exploration, mining, and the capital markets.
  • The company’s technical advisors include two past recipients of the PDAC Thayer Lindsley Award for their history of world-class mineral deposit discoveries.
  • Evaluating potential spinout of Red Lake gold assets into a separate public company.
  • Actively reviewing additional drill-ready projects in mining-friendly jurisdictions for potential acquisition.
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Recent News

Company News

Release - Endeavour Silver Announces 2022 Annual General Meeting Voting Results

Endeavour Silver Corp. is pleased to announce that at the Company’s 2022 Annual General Meeting held on May 12, 2022 in Vancouver, shareholders voted in favour of all items of business. A total of 74,416,771 votes were cast or represented by proxy at the AGM, representing 43.57% of the outstanding common shares as of the record date. Read More

Endeavour Silver Corp. ("Endeavour" or the "Company") (NYSE: EXK; TSX: EDR) is pleased to announce that at the Company's 2022 Annual General Meeting ("AGM") held on May 12, 2022 in Vancouver, shareholders voted in favour of all items of business. A total of 74,416,771 votes were cast or represented by proxy at the AGM, representing 43.57% of the outstanding common shares as of the record date. Read More >>

News Provided by Channelchek via QuoteMedia

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Pan American Silver Announces Results of Annual General and Special Meeting

Pan American Silver Corp. reported the voting results from its annual general and special meeting of shareholders held May 11, 2022 in Vancouver, British Columbia . Each of the matters voted upon at the Meeting are described in detail in the Company's Management Information Circular dated March 21, 2022 which is available on the Company's website at panamericansilver.com. A total of 131,361,761 common shares were ...

Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAAS) ("Pan American" or the "Company") reported the voting results from its annual general and special meeting of shareholders held May 11, 2022 in Vancouver, British Columbia (the "Meeting"). Each of the matters voted upon at the Meeting are described in detail in the Company's Management Information Circular dated March 21, 2022 which is available on the Company's website at panamericansilver.com.

A total of 131,361,761 common shares were represented at the meeting, being 62.41% of the Company's issued and outstanding common shares as at the record date. Shareholders voted in favour of all matters brought before the meeting, including the appointment of auditors for the ensuing year, the acceptance of the Company's approach to executive compensation, known as "say-on-pay", and the election of management's nominees as directors.

News Provided by PR Newswire via QuoteMedia

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Pan American Silver Announces Results of Annual General and Special Meeting

Pan American Silver Corp. reported the voting results from its annual general and special meeting of shareholders held May 11, 2022 in Vancouver, British Columbia . Each of the matters voted upon at the Meeting are described in detail in the Company's Management Information Circular dated March 21, 2022 which is available on the Company's website at panamericansilver.com. A total of 131,361,761 common shares were ...

Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAAS) ("Pan American" or the "Company") reported the voting results from its annual general and special meeting of shareholders held May 11, 2022 in Vancouver, British Columbia (the "Meeting"). Each of the matters voted upon at the Meeting are described in detail in the Company's Management Information Circular dated March 21, 2022 which is available on the Company's website at panamericansilver.com.

A total of 131,361,761 common shares were represented at the meeting, being 62.41% of the Company's issued and outstanding common shares as at the record date. Shareholders voted in favour of all matters brought before the meeting, including the appointment of auditors for the ensuing year, the acceptance of the Company's approach to executive compensation, known as "say-on-pay", and the election of management's nominees as directors.

News Provided by Canada Newswire via QuoteMedia

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Top 5 Junior Silver Stocks on the TSXV in 2022

Which junior silver stocks are the top performers so far this year? We’ve compiled a list of top TSXV-listed silver stocks to guide investors.

Click here to read the previous best junior silver stocks article.

Silver saw a strong run starting in February, culminating in a high of US$26.36 per ounce. However, since mid-April, its price has plummeted and is now sitting around the US$21 mark.

Experts that the Investing News Network spoke with at the end of last year were mostly positive with their predictions for the precious metal’s outlook.

Some of the top silver stocks year-to-date have seen similar movements to the silver price so far this year, although they have all released significant news as well. While that means that many peaked during silver's highs, it also means that they've cooled off in recent weeks.

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