Which TSXV-listed junior silver stocks are the top performers so far this year? We’ve compiled a list to guide investors.
The white metal hit a high of US$17.54 per ounce on January 24, but declined more than 3 percent in Q1.
Many analysts believe that despite silver’s performance in the first three months of the year, a bull market may be near. With that in mind, here we look at the best junior silver stocks — those that gained the most in Q1.
The list below was generated on March 29 using the Globe and Mail’s market data filter, and it shows the TSXV-listed silver companies that have seen the biggest share price gains year-to-date. Only companies with market caps above $10 million as of that date are included.
1. Minaurum Gold (TSXV:MGG)
Current price: C$0.57; year-to-date gain: 132.65 percent
Minaurum Gold focuses on the exploration and development of high-grade gold and silver projects in Mexico’s Southern Sonora State, Oaxaca-Chiapas Region and Guerrero Gold Belt. The company has been credited with the discovery of over 200 million ounces of silver and 8 million ounces of gold.
In January, the company released results from an ongoing drill program in the Alamos Silver District in Sonora. It returned results of 1.2 meters grading 542 g/t silver, plus lead, zinc and copper results.
“As only the second hole ever drilled outside of the historic core of the district, it confirms our ‘piano-key’ structural model and opens the door for drilling throughout the nearly untouched down-dropped blocks located on both sides of the up-thrown La Quintera-Promontorio block. With these results, we have now encountered significant mineralization in every target drilled in our initial drill program,” said Stephen Maynard, vice president, exploration at Minaurum.
2. Hunt Mining (TSXV:HMX)
Current price: C$0.370; year-to-date gain: 23.33 percent
Hunt Mining is a precious metals exploration and development company with core projects in the Santa Cruz Province of Argentina. Since its inception, the company has drilled more than 62,000 meters of diamond core, conducted 416 line kilometers of IP/resistivity geophysical surveys and collected more than 20,000 surface chip, channel and trench samples.
Towards the end of January, Hunt Mining announced positive drill results from its Martha project in Argentina. A total of 19 holes were drilled, with highlighted results above 400 g/t. By the end of February, six concentrate shipments from production at Martha were finalized, and the company was able to positively revise its 2017 production summary.
3. Aura Silver Resources (TSXV:AUU)
Current price: C$0.025; year-to-date gain: 25.00 percent
Aura Silver Resources is an exploration company engaged in the discovery of precious metals deposits with a focus on gold and silver. Currently, Aura Silver has two significant precious metals projects — the Taviche project in Mexico and Greyhound project in Nunavut.
In early February, the company announced significant grab sample assay results taken over the past four year on the Greyhound project, with results of up to 103 g/t gold.
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Robert Boaz, director of Aura Silver, stated, “the Greyhound project hosts substantive potential for discovery of a gold/silver deposit given the extraordinary number of significant mineralized showings on the property. Each prospecting campaign conducted over the years has returned with further exciting samples of precious metal mineralization.”
4. Maya Gold & Silver (TSXV:MYA)
Current price: C$2.23; year-to-date gain: 26.70 percent
Maya Gold & Silver is an international mining and mineral exploration company with a growing number of precious and base metals properties in Morocco. These include past-producing mines and high-potential exploration properties.
At the beginning of January, Maya reported an impressive resource estimate for its Zgounder silver mine property. By the beginning of March, the company had released another Zgounder update, stating that it had reached a highly mineralized pass identified in hole ZG-15-Ext-12 with a new 24-meter drift at the 2030 level. The hole had intersected 10 meters at 1,098 g/t silver.
5. IMPACT Silver (TSXV:IPT)
Current price: C$0.415; year-to-date gain: 18.57 percent
IMPACT Silver silver operates two production centers within its 623-square-kilometer claim package, located in close proximity to Mexico City.
Currently, the company is carrying out a continuous three-part program of exploration, development and mine production. In mid-January, IMPACT Silver reported high-grade silver results from surface drilling. They have extended mineralization 250 meters south at the San Ramon mine in Central Mexico. The zone remains open for further extension.
Fred Davidson, CEO, stated, “with these drill results we continue to successfully extend the San Ramon mineralizing system which is larger at depth than near surface. These results along with some historic holes, extends the mineralization 250 meters south of existing mine workings and 200m vertically up-dip representing potential additional mining areas for the San Ramon Mine. We have two underground drill stations almost ready from which we will test the further extension of the zone to depth and to the south.”
What do you think were the best junior silver stocks of 2018? Let us know in the comments below.
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Securities Disclosure: I, Nicole Rashotte, currently hold no direct investment interest in any company mentioned in this article.