Which TSXV-listed junior silver stocks are the top performers so far this year? We’ve compiled a list to guide investors.
2019 has seen silver make impressive gains compared to the prior year, with the white metal managing to break through the US$19 per ounce level in September.
Against that backdrop, many companies in the silver space have made progress and expanded the resource potential of their assets. Now that 2019 is coming to a close, the Investing News Network has rounded up the five best silver stocks on the TSXV with the biggest share price gains year-to-date.
The list below was generated on December 5, 2019, using TradingView’s stock screener, and all companies listed had market caps above C$10 million at that time.
1. Aftermath Silver (TSXV:AAG)
Year-to-date gain: 492.31 percent; current share price: C$0.39
Aftermath Silver is a junior exploration company engaged in acquiring, discovering and developing white metal properties in jurisdictions such as Chile. The company is aiming to grow its business by adding quality silver resources to its project portfolio, always in search of new opportunities.
The miner’s two assets are Challacollo and Cachinal, both located in Chile. The Challacollo mine has a mineral resource of 30 million silver ounces in the indicated category and 6.9 million silver ounces in the inferred category. As for the Cachinal asset, it holds an indicated resource of 18.4 million silver ounces and an inferred resource of 3 million silver ounces.
Most recently, the miner closed a C$3.3 million private placement, with a C$2.98 million investment from Eric Sprott. The majority of the funds will be used in association with the Cachinal mine.
2. New Pacific Metals (TSXV:NUAG)
Year-to-date gain: 225.52 percent; current share price: C$84.72
New Pacific Metals explores and develops silver-mining properties in Bolivia, Canada and China. The Silver Sand project, located in the Potosi Department of Bolivia, is the company’s flagship asset.
On December 2, the company intersected 10.1 meters grading 860 grams per metric ton (g/t) silver within a broad zone of 143.4 meters grading 110 g/t silver, and an intercept of 23.4 meters grading 1,035 g/t silver within a broad zone of 93 meters grading 289 g/t silver.
Most recently, New Pacific acquired a 98 percent stake in the Silverstrike silver project, also located in Bolivia, for US$1.35 million. The Silverstrike project sits at an elevation of 4,000 to 4,500 meters and can be found approximately 140 kilometers southwest of La Paz, Bolivia, or approximately 450 kilometers northwest of New Pacific’s Silver Sand project.
3. Bear Creek Mining (TSXV:BCM)
Year-to-date gain: 160.58 percent; current share price: C$2.71
Bear Creek Mining is a silver exploration and development company with mining efforts focused on Peru. The miner’s flagship Corani asset is an advanced-stage property that hosts one of the largest undeveloped silver deposits in the world, with a projected 18 year mine life.
On September 20, the company started trading on the OTC market.
Although the Corani asset is in the development stage, a recent feasibility study revealed that the mine has the ability to process 27,000 metric tons of ore a day and produce 9.6 million ounces of the white metal per year.
4. Santacruz Silver Mining (TSXV:SCZ)
Year-to-date gain: 133.33 percent; current share price: C$0.14
Santacruz Silver Mining is a Mexican silver-mining company with two white metal projects: Veta Grande and Rosario. The latter includes both the Cinco Estrellas property and the Membrillo prospect. The miner also owns two exploration properties called Minillas and Zacatecas.
On July 2, shares of Santacruz rose over 12 percent when it acquired a 50 percent stake in PCG Mining through its subsidiary Carrizal Holdings. On October 7, the miner announced that it had successfully acquired the other 50 percent of PCG Mining for the price of C$1.5 million.
At the end of October, the company released results from its third quarter, noting that its silver equivalent production rose 176 percent from the previous period for output of 956,482 ounces.
5. Discovery Metals (TSXV:DSV)
Year-to-date gain: 110.53 percent; current share price: C$0.40
Discovery Metals is focused on silver and silver-zinc–lead projects located in Northern Mexico. At its wholly owned Cordero project in Chihuahua state, Discovery is exploring one of the world’s largest silver resources and one of the world’s largest silver-zinc-lead metal endowments.
On October 10, the company announced a C$17 million private placement that includes a C$5 million investment from Eric Sprott. The miner intends to use the funds to increase exploration at its various assets. On November 18, Discovery expanded its presence within the markets, reporting that it had begun trading on the OTCQX market.
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Securities Disclosure: I, Nicole Rashotte, hold no direct investment interest in any company mentioned in this article.