Best Junior Silver Stocks of 2020 on the TSXV

- April 9th, 2020

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 TSXV silver stocks article.

Geopolitical uncertainty, coronavirus-related mine closures and supply chain disruptions all impacted silver’s performance in the first quarter of 2020.

As the white metal experienced volatility and steadily trended lower during March, it’s little surprise that many junior companies in the sector felt the effects.

Yet despite less-than-favorable price movement from the currency metal, some companies were able to grow their share prices over the period and increase their value potential for investors.

 

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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 information was obtained at close of day on April 9, 2020, from TradingView. All companies listed had market caps above C$10 million at that time.

1. Prime Mining (TSXV:PRYM)

Year-to-date gain: 56.5 percent; current share price: C$0.50

Diversified precious metals explorer Prime Mining is developing its Los Reyes gold-silver play in Mexico.

The company released a slew of drill results from Los Reyes during the first quarter of the year, and at the start of Q2 it released an updated resource estimate for the asset.

It has a measured and indicated in-pit oxide mineral resource of 19.8 million tonnes containing 833,000 gold equivalent ounces at 1.31 grams per tonne.

Prime Mining shares hit a three month high on February 19, trading for C$0.59.

2. Viscount Mining  (TSXV:VML)

Year-to-date gain: 32.5 percent; current share price C$0.32

Silver-focused Viscount Mining is currently working to advance its Cherry Creek project in Nevada, as well as the Silver Cliff project in Colorado.

Shares of Viscount reached their highest point in the last quarter on March 10, trading for C$0.34.

Viscount has not released any news since a project update in November 2019. The detailed report notes that the explorer was continuing with a drill program at its Kate deposit, located at Silver Cliff.

3. Silver Viper Minerals (TSXV:VIPR)

Year-to-date gain: 14 percent; current share price: C$0.33

Junior explorer Silver Viper Minerals owns the La Virginia gold-silver project in Northwestern Mexico.

Shares of Silver Viper reached a quarterly high of C$0.40 on February 26.

In a March 30 operations update, the company reported drill results from five holes at La Virginia. The announcement also included a section regarding the company’s response to COVID-19.

As a result of the global pandemic, Silver Viper has temporarily halted all field exploration to safeguard employee health and safety.

Don’t forget to follow us @INN_Resource for real-time updates!

Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: Silver Viper Minerals is a client of the Investing News Network. This article is not paid-for content.

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9 responses to “Best Junior Silver Stocks of 2020 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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