Best Junior Silver Stocks of 2019 on the TSXV

- July 4th, 2019

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

The silver price was relatively stagnant during the second quarter of the year, and while it managed to hit a high of US$15.41 per ounce on June 24, the white metal gained less than 1 percent during the period.

Despite silver’s performance, some junior silver companies found success throughout the quarter. Now that Q2 has come to a close, the Investing News Network has rounded up the best junior silver stocks on the TSXV that have seen the biggest share price gains year-to-date.

The list below was generated on July 4, 2019 using TradingView’s stock screener. All companies listed had market caps above C$10 million at that time.

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1. Santacruz Silver Mining (TSXV:SCZ)

Year-to-date gain: 58.33 percent; current share price: C$0.10

Santacruz Silver Mining is a Mexican silver mining company with two white metal projects — Veta Grande and Rosario — that include the Cinco Estrellas property and Membrillo prospect. The miner also owns two exploration properties, the Minillas property and Zacatecas properties.

At the end of Q2, the company reported drill results from a Phase 1 program at Veta Grande, saying that it has completed 43 holes across 13,665 meters to date.

On July 2, shares of Santacruz rose over 12 percent following the acquisition of a 50 percent stake in PCG Mining through its subsidiary Carrizal Holdings. PCG Mining is a holding company that owns 100 percent of private Mexican miner Carrizal Mining, which owns a 20 percent stake in the Veta Grande project.

2. Silvercrest Metals (TSXV:SIL)

Year-to-date gain: 27.82 percent; current share price: C$5.10

With a focus on discovery, acquisition and production in Mexico’s metal districts, SilverCrest Metals has three primary assets: Las Chispas, Cruz de Mayo and Huasabas.

Also under the Vancouver-based company’s belt are the Silver Angel property and the Estacion Llano property, both of which are also in Mexico but have no current development plans.

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In mid-May, the company reported results from a preliminary economic assessment at Las Chipas, revealing a 1,250 tonne per day production rate with an initial mine life of 8.5 years. Additionally, the asset is expected to deliver average annual production of 5,384,000 ounces of silver and 55,700 ounces of gold (or 9.6 million silver equivalent ounces).

At the end of the second quarter, Silvercrest intersected the Babicanora vein in the high-grade Area 51 zone, which consists of an estimated weighted average true width of 2.2 meters, grading 7.17 grams per tonne gold and 752.6 grams per tonne silver.

3. Defiance Silver (TSXV:DEF)

Year-to-date gain: 4.08 percent; current share price: C$0.26

Defiance Silver is currently working to advance the San Acacio deposit, located in the historic Zacatecas silver district of Central Mexico, which has produced over 700 million ounces of silver.

At the beginning of May, the miner closed a US$280,230 private placement; proceeds will be used to design a drill program for its San Acacio silver project.

On May 30, Defiance announced the commencement of a drill program targeting a silver-copper deposit located at an underexplored portion of the Veta Grande vein southeast of the San Acacio silver deposit.

“The results from our exploratory ground geophysical surveys identified strong co-incident anomalies on trend with the San Acacio deposit.We believe that due to the size and robustness of these targets, both represent potential game-changers for the project,” said Peter J. Hawley, interim president and CEO.

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Securities Disclosure: I, Nicole Rashotte, currently hold no direct investment interest in any company mentioned in this article.

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6 responses to “Best Junior Silver Stocks of 2019 on the TSXV

  1. Please correct your latest list! TSXV stock Arizona Silver Exploration, Inc. appreciated 47% during the period Jan.1, 2017 to April 13, 2017, significantly better than Avino Silver & Gold’s 30 1/2%.

    1. Hi Chris,
      Thanks for pointing that out! We used this Globe and Mail tool to get the data used in the article, and Arizona Silver Exploration did not show up:
      http://www.globeinvestor.com/v5/content/filters.html
      We looked at companies with market caps above $5 million, so maybe that is part of the issue. In any case, we’ve now added a note to the article about Arizona Silver Exploration’s performance.
      Charlotte

  2. Please correct your latest list! TSXV stock Arizona Silver Exploration, Inc. appreciated 47% during the period Jan.1, 2017 to April 13, 2017, significantly better than Avino Silver & Gold’s 30 1/2%.

    1. Hi Chris,

      Thanks for pointing that out! We used this Globe and Mail tool to get the data used in the article, and Arizona Silver Exploration did not show up:

      http://www.globeinvestor.com/v5/content/filters.html

      We looked at companies with market caps above $5 million, so maybe that is part of the issue. In any case, we’ve now added a note to the article about Arizona Silver Exploration’s performance.

      Charlotte

  3. I think you may want to review Bayhorse Silver as they are literally transitioning from explorer to a producer and will be cash flow positive, possibly in 2018. Should be major news.

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