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; however, the white metal has had a rather lackluster performance in the second act.
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. The surging prices were a welcome boon to junior silver stocks.
By the end of February, the excitement had waned, causing silver to slide to a three month low by the end of March, landing at US$25.25. In keeping with the volatile nature of this market, silver rebounded to the US$28 level in mid-May only to slide back to the US$26 level to close out the second quarter. As of late September, silver has failed to rally again, slipping even further to the US$22 level.
There is a silver lining to the white metal’s poor performance — 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 1.025 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 September 23, 2021 from TradingView. All junior silver stocks listed had market caps above C$10 million at that time.
1. Mantaro Silver Corp. (TSXV:MSLV)
Year-to-date gain: 1025 percent; current share price: C$0.225
The first on our junior silver stocks list is British Columbia-based Mantaro Silver Corp. asset portfolio includes a number of exploration projects, two of which are wholly-owned high-grade silver projects in central Peru: its flagship Santas Gloria silver project and the San Jose project.
In early June, the company released high-grade sampling results from a recent exploration program at the Santa Gloria silver project. The positive news helped the junior silver stock’s share price hit its year high of C$0.57 on June 3.
2. Emerita Resources (TSXV:EMO)
Year-to-date gain: 540.91 percent; current share price: C$1.41
Although primarily a zinc company, Spain-based Emerita Resources’ exploration efforts are focused on polymetallic deposits which also happen to hold silver. The company’s Iberia Belt West (IBW) project in Huelva Province, Spain hosts three high-grade polymetallic deposits, including zinc-copper–lead-silver mineralization at surface to shallow depths.
Shares of Emerita reached a high of C$2.16 on August 5.
The company’s ongoing exploration program on the Infanta polymetallic VMS deposit
At IBW has returned positive drill results in recent months, including an exceptional intercept which occurs from 64.5 to 75.6 meters and has grades of 3.6 percent copper, 27.8 percent zinc, 15.1 percent lead, 319.3 g/t silver and 0.8 g/t gold.
3. Arizona Metals Corp. (TSXV:AMC)
Year-to-date gain: 258.82 percent; current share price: C$3.65
Exploration company Arizona Metals’ portfolio includes two wholly-owned projects in the Grand Canyon state: the Kay mine project and the Sugarloaf Peak gold project.
In May, the company discovered a new gold-zinc zone at Kay, describing it as open ended and located in an area previously untested by historic drilling or exploration. Drilling at Kay also intersected massive sulfide mineralization.
The following month, Arizona Metals announced that metallurgical testing at its Sugarloaf Peak project had demonstrated gold recoveries averaging 76 percent from surface to approximately 111 meters, with oxidized zones reaching recoveries up to 95 percent.
Company shares rose from the C$1 level in January to peak at C$5.55 on June 23.
4. Nevada Silver Corporation (TSXV:NSC)
Year-to-date gain: 204.35 percent; current share price: C$0.27
US-based Nevada Silver Corporation with two advanced stage exploration projects: the Corcoran silver-gold project in Nevada, and the Emily manganese project in Minnesota. Shares of Nevada Silver began trading on the TSXV May 6th.
The Corcoran project is located 22 kilometers east of Kinross’s (TSX:K, NYSE:KGC) Round Mountain Gold Mine in Nye County, Nevada. Nevada Silver initiated its drilling program on the project in early September.
5. Silver Viper Minerals Corp (TSXV:VIPR)
Silver Viper Minerals is advancing the La Virginia gold–silver project in Sonora, Mexico. T company’s management team are members of the Belcarra Group, a team of industry professionals who have technical and capital markets experience in developing projects, including those associated with Orko Silver, Orex Minerals (TSXV:REX), Dolly Varden Silver Corp. (TSXV:DV) and Barsele Minerals (TSXV:BME).
Silver Viper released a maiden resource estimate on the property in early May. The mineral resource estimate is based upon drilling completed by Silver Viper between 2018 and 2021 and by previous operators between 2010 and 2013.
The company’s share price reached its highest point so far in 2021 on June 1, hitting C$0.80.
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Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: Emerita Resources and Silver Viper are clients of the Investing News Network. This article is not paid-for content.