Which TSXV-listed junior silver stocks performed the best in 2016? We’ve compiled a brief list to help guide interested investors.
After three years of decline, silver prices have been surging in 2016 due to political developments worldwide. A weak US dollar, Brexit results and uncertainty over the incoming US president’s agenda have all impacted the precious metal prices this year.
In the list below you can find the best junior silver stocks of 2016 on the TSXV. The list was generated using The Globe and Mail’s market data filter, and does not include companies with a market cap of less than $10 million. Price and gains are as of January 3, 2017.
1. Resource Capital Gold (TSXV:RCG)
Price as of January 3, 2017: $0.22
Gain in 2016: 780.00 percent
On top of our list of best junior silver stocks list is Resource Capital Gold, an emerging precious metals developer and producer. The Company’s focus is on gold and silver and it has a pipeline of late-stage exploration, development and previously producing assets in Nova Scotia and Nevada.
This year they announced the expansion of the Corcoran Canyon Joint Venture, an advanced silver-gold project. Past drilling on the property has outlined an existing, historic silver-gold resource of 1.14 million tonnes grading 248 g/t silver and 0.89 g/t gold.
2. Cornerstone Capital Resources (TSXV:CGP)
Price as of January 3, 2017: $0.18
Gain in 2016: 725.00 percent
Cornerstone Capital Resources is a mineral exploration company with a diversified portfolio of projects in Ecuador and Chile. In February 2011 Cornerstone acquired the Miocene gold-silver-copper project that covers an area of 5014 hectares in northern Chile.
In Ecuador, the company has been exploring since 2005 and has a portfolio of five mineral properties covering 455 km2 which are targeting epithermal gold-silver and porphyry copper-gold deposits.
3. Impact Silver (TSXV:IPT)
Price as of January 3, 2017: $0.69
Gain in 2016: 441.67 percent
Impact Silver started production in 2006 and currently operates two silver centres within its 100 percent owned 623 square kilometer claim package located three hours southwest of Mexico City.
4. Canasil Resources (TSXV:CLZ)
Price as of January 3, 2017: $0.19
Gain in 2016: 322.22 percent
The main focus of Canasil Resources is mining and exploration of precious and base metals including gold, silver, copper, zinc and lead. It has projects in British Columbia, Canada and Durango and Zacatecas States, Mexico. They recently reported that a new drilling program will start in their Sandra Escobar project. The project consists of 6,342 hectares containing silver-gold-copper-zinc-lead epithermal veins and disseminated mineralization.
The company reported that, as a result of the increased silver prices and stronger US dollar, the Company’s revenue per tonne increased to $97.57 in the third quarter of 2016, from $92.20 in the third quarter of 2015. For the first nine months of 2016 the revenue per tonne improved by 15 percent to $94.85, compared to $82.76 in the same period of 2015.
5. Bear Creek Mining (TSXV:BCM)
Price as of January 3, 2017: $2.48
Gain in 2016: 305.17 percent
Last on the list of top junior silver stocks on the TSXV is Bear Creek Mining, an exploration and development company focused on Peru, with the following projects: Corani and Santa Ana, hosting reserves and resources containing more than 450 million ounces of silver. The company’s 2015 Final Feasibility Study for Corani estimateed average annual production of over 8 million ounces of silver (plus lead and zinc credits) over an 18-year mine life.
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Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.