Best Silver Stocks of 2017 on the TSX

The silver price has been volatile so far this year, but what are the best silver stocks? We've got the answers here.

best silver stocks

Silver recovered to over $18 per ounce at the start of 2017, but hit a 15-month low of $15.19 per oz in July before rallying back to about $18 per oz in early September. As of 11am PDT on Tuesday (October 17) the silver price was $17.03 per oz.

But what are the best silver stocks? The list below was generated using The Globe and Mail’s market data filter, and it shows the TSX-listed silver companies that saw the biggest share price gains from January 1 to October 17, 2017.

Only companies with market caps above $50 million as of October 17 are included. If you think we’ve missed a silver company that should be listed, please let us know in the comments. Our list of the best silver stocks of the year on the TSXV can be viewed here.

1. Sabina Gold & Silver (TSX:SBB)

Current price: $2.33; year-to-date gain: 137.76 percent

Sabina Gold & Silver is focused on advancing the Black River Gold project in Nunavut, Canada and released a feasibility study on the project in 2015. The firm also has a series of claims in the Wishbone Greenstone belt, which includes Glencore’s (LSE:GLEN) Hackett River silver-zinc project.

The firm said the majority of claims on the north of the belt surrounding Hackett River were included in a transaction with Xstrata Canada in 2011. Xstrata became Glencore and under the terms of the transaction Sabina retained a silver royalty. Sabina is entitled to receive 22.5 percent of silver production up to the first 190 million ounces produced and then 12.5 percent of all silver produced afterwards at Hackett River.

2. Americas Silver (TSX:USA)

Current price: $5.69; year-to-date gain: 62.57 percent

Americas Silver has silver mining operations in the US and Mexico, The company announced that the first processing of ore from San Rafael occurred during the last week of September. San Rafael is one of the firm’s projects in the Cosalá mining district in Sinaloa Mexico.

In March, 2016 prefeasibility on San Rafael forecast an average annual production of 1 million ounces of silver, 50 million pounds of zinc and 20 million lbs of lead over an initial 6 year mine life. The firm’s Nuestra Señora is winding down operations but production remains strong at its Galena Mine in Idaho, US. The Galena Complex operations include the Galena Mine and Mill, the Coeur Mine and Mill, and the Caladay Zone.

3. Sierra Metals (TSX:SMT)

Current price: $3.13; year-to-date gain: 51.94 percent

Sierra Metals has three underground mines in Latin America: the Yauricocha polymetallic Mine in Peru and the Bolivar copper and Cusi silver Mines in Mexico. The firm released its third quarter production results on October 16 showing silver equivalent production of 2.7 million ounces; an 8 percent decrease from Q3 2016.

On September 28, the company announced that it had “significantly increased” the mineral  resource estimate for its flagship Yauricocha mine after a successful exploration drill program at several sites within the mine. The company said mineral resources for Yauricocha are 13,206,000 tonnes averaging 62.3 g/t silver, 1.5 percent copper, 0.9 percent lead, 2.8 percent zinc and 0.6 g/t representing a 68 percent increase from the previous resource tonnage estimate.

4. Excellon Resources (TSX:EXN)

Current price: $2.21; year-to-date gain: 34.76 percent

Excellon Resources operates the Platosa underground silver-lead-zinc mine in Durango, Mexico, which began production in 2005. The company announced its Q3 production results on October 16 and recorded increased silver production of 41 percent compared to Q2 2017 and 47 percent compared to Q3 2016.

The firm trucks ore from Platosa to its floatation mill on its Miguel Auza property. Miguel Auza is the site where mining took place historically but the firm last carried out a modest exploration program there from 2009 to 2010. Excellon noted that “certain areas were highlighted as meriting further early stage exploration work.”

5. SSR Mining (TSX:SSRM)

Current price:$12.55; year-to-date gain: 4.5 percent

Silver Standard changed its name on August 1 to SSR Mining. The firm has gold and silver mining operations in the Canada the US and Argentina. The firm has its Seabee Gold Operation in Saskatchewan, Canada and produces gold from the Marigold mine in Nevada, US.

Silver production comes from its Puna Operations in Argentina. The firm produced 20.9 percent less silver from its Puna Operations in Q3, 2017 compared to Q2, 2017.  

The data for this article was retrieved on October 16, 2017 using The Globe and Mail’s market data filter. Only TSXV-listed silver companies with market capitalizations greater than $50 million are included.

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

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


Best Silver Stocks of 2017 on the TSX

By Melissa Shaw, July 4, 2017

The silver price is up 4 percent year-to-date on the back of continuing geopolitical tension. Investors have flocked toward the safe-haven metal, and as of Tuesday (July 4) it was sitting at $16.04 per ounce.

But what are the best silver stocks? The list below was generated using The Globe and Mail’s market data filter, and it shows the TSX-listed silver companies that saw the biggest share price gains from January 1 to July 4. 

Only companies with market caps above $50 million as of July 4 are included. If you think we’ve missed a silver company that should be listed, please let us know in the comments. Our list of the best silver stocks of the year on the TSXV can be viewed here

1. Silvercorp Metals (TSX:SVM,NYSEMKT:SVM)

Current price: $3.90; year-to-date gain: 32.59 percent

Silvercorp Metals tops the list of the best silver stocks. The company has been fairly active so far this year — among other things it began trading on the NYSE MKT on May 15. Most recently, on May 26, Silvercorp announced that it would be paying its semiannual $0.01 dividend in American dollars instead of Canadian dollars in order to increase value for its shareholders. 

The firm owns several mines in China’s Ying Mining District, with the largest being its silver-leadzinc Ying mine, which has been in operation since April 2006. The company acquired its LM silver-lead mine, HPG silver-gold-lead mine and TLP silver-lead mine 2007, and its silver-lead-zinc GC mine began producing in 2014. In 2011, the company acquired the BYP gold-lead-zinc mine, but it suspended production in 2014 and does not consider BYP a core asset.

2. MAG Silver (TSX:MAG,NYSEMKT:MAG)

Current price: $16.29; year-to-date gain: 14.55 percent

MAG Silver is focused on two exploration-stage silver projects in Mexico. The company owns 100 percent of the mineral concessions at its Cinco de Mayo property in Chihuahua, and is developing its Juanicipio project in partnership with Fresnillo (LSE:FRES) in Zacatecas.

In March, MAG and Fresnillo said they plan to release an updated resource estimate for Juanicipio later this year, incorporating the latest drill results from the project. The joint venture partners are considering project design enhancements that could increase capital costs and delay the start of mine production from H2 2018 to H1 2019.

3. Pan American Silver (TSX:PAAS)

Current price:$20.77; year-to-date gain: 7.7 percent

Pan American Silver has seven silver mines in Mexico, Peru, Bolivia and Argentina, plus six development projects in the US, Mexico, Peru and Argentina. It bills itself as the second-largest primary silver producer in the world, and was founded in 1994.

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In April, Pan American announced a binding agreement to acquire Patagonia Gold’s (LSE:PGD) COSE project in Argentina. Under the same agreement, Patagonia Gold was granted an exclusive option to purchase one of Pan American Silver’s exploration-stage projects in Argentina. The potential sale of the Calcatreu gold-silver exploration project would go through Pan American Silver’s subsidiary, Minera Aquiline Argentina.

4. Americas Silver (TSX:USA,NYSEMKT:USAS)

Current price:$3.69; year-to-date gain: 6.57 percent

In fourth place on this list of the best silver stocks is Americas Silver. In March, Americas Silver entered into an option agreement with a subsidiary of Santacruz Silver Mining (TSXV:SCZ) to acquire an option agreement between the subsidiary and Minera Hochschild Mexico. Under the agreement, Americas Silver will have the right to acquire a 100-percent stake in the Mexico-based San Felipe property.

Americas Silver already has operations in the Cosala mining district in Mexico, including the Nuestra Senora silver-zinc-lead-copper mine. The firm also owns the San Rafael zinc-lead-silver brownfields deposit, and said it expects its El Cajon mine to be back in production this year. The company also has operations in Idaho.

5. Minco Silver (TSX:MSV,OTCMKTS:MISVF)

Current price:$1.20; year-to-date gain: 5.61 percent

In fifth place on this list of the best silver stocks is Minco Silver. So far this year, the company has released a resource estimate for its Fuwan silver-gold-lead-zinc project in China showing an inferred resource of 63,283 million ounces of silver. The company anticipates that it will have preproduction work at Fuwan completed in two years. In a May investor presentation, Minco Silver explains that Fuwan will have a mine life of about nine years.

Minco is also developing the Changkeng gold property through a joint venture called Mingzhong, which is comprised of Minco China, the Guangdong Geological Bureau, Guangdong Gold and two private Chinese companies.

The data for this article was retrieved on July 4, 2017 using The Globe and Mail’s market data filter. Only TSX-listed silver companies with market capitalizations greater than $50 million are included.

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

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

Editorial Disclosure: Silvercorp Metals is a client of the Investing News Network. This article is not paid-for content.


This article is updated each quarter. Please scroll to the top for the most recent information.

Best Silver Stocks of 2017 on the TSX

By Charlotte McLeod, April 13, 2017

The silver price was up 17.7 percent year-to-date as of 5:00 p.m. EST on April 13, and many market watchers believe the metal will only continue to rise

Worldwide uncertainty fueled by US President Donald Trump, upcoming elections in Europe and other factors have sent investors flocking to precious metals, which are viewed as safe-haven assets. And of course, some gold– and silver-focused companies have also been benefiting.

The list below was generated using The Globe and Mail’s market data filter, and it shows the TSX-listed silver companies that saw the biggest share price gains from January 1 to April 12. Only companies with market caps above $50 million are included. You can click here to view our list of the TSXV-listed best silver stocks in Q1.

1. Silvercorp Metals (TSX:SVM,OTCMKTS:SVMLF)

Current price: $5.37; year-to-date gain: 71.57 percent

Silvercorp Metals is a silver producer with multiple mines in China, among other properties. So far this year it has released a slew of news, including results from 2016 exploration at its SGX and LMW mines, both located in China. After those results came out, the company published an updated NI 43-101 technical report for its SGX, HZG, HPG, TLP, LME and LMW mines.

Most recently, a subsidiary of Silvercorp entered into a royalty purchase and sale agreement with Maverix Metals (TSXV:MMX). Under the agreement, Maverix will acquire a 2.5-percent net smelter return royalty on Silvercorp’s BC-based Silvertip mine for up to 6,600,000 common shares.

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2. Silver Bear Resources (TSX:SBR,OTCMKTS:SVBRF)

Current price: $0.40; year-to-date gain: 60 percent

Silver Bear Resources is focused on the development of its Mangazeisky silver project, located in Russia. Mangazeisky holds the Vertikalny deposit, which the company says is one of the highest-grade silver deposits in the world.

In February, Silver Bear released an update on Mangazeisky and announced certain agreements in principle with two of its major shareholders. Among other things, the two shareholders agreed to a revised funding package and development schedule for the project. Commissioning is now expected to begin in mid-2017; construction activities are currently taking place.

3. Levon Resources (TSX:LVN,OTCMKTS:LVNVF)

Current price: $0.46; year-to-date gain: 56.9 percent

Levon Resources is advancing the Mexico-based Cordero silver-gold-zinclead porphyry project. The company says the project holds one of the largest silver resources in the world; it has an indicated resource of 488.6 million ounces of silver and an inferred resource of 44.4 million ounces of silver. Cordero’s indicated resource also includes 1.37 million ounces of gold, 9 billion pounds of zinc and 4.7 billion pounds of lead.

So far this year Levon has released just one piece of news. On April 4, it announced plans to complete 5,000 meters of close-spaced infill drilling within the Cordero Felsic Dome portion of the 2014 resource for Cordero. It will be testing for near-surface, high-grade mineralization within the modeled open pit containing the 2014 resource.

4. MAG Silver (TSX:MAG,NYSEMKT:MAG)

Current price: $18.64; year-to-date gain: 26.12 percent

MAG Silver is focused on moving forward at high-grade silver projects located within Mexico’s Fresnillo Silver Trend. The company’s Juanicipio project is a joint venture with Fresnillo (LSE:FRES), while it wholly owns its Cinco de Mayo and Guigui projects. All are situated in Mexico.

2017 news from MAG has centered on Juanicipio. In February, it released results from 13 exploration and infill drill holes completed at the project, and in March it provided an update on the project. Notably, it said that a new resource estimate for the project is underway; a revised mine plan for the project will also be completed, and startup is now slated for the first half of 2019.

5. Silver Standard Resources (TSX:SSO,NASDAQ:SSRI)

Current price: $15.04; year-to-date gain: 25.23 percent

Silver Standard Resources operates three mines: the Nevada-based Marigold gold mine, the Seabee gold operation in Canada and the Pirquitas silver mine in Argentina. Pirquitas achieved commercial production in 2009, and in 2016 produced a record 10.4 million ounces of silver.

The company has released a fair amount of news this year, but one of its most notable announcements was the news that it has decided to exercise its option to form a joint venture with Golden Arrow Resources (TSXV:GRG). The two companies will work together to develop the Argentina-based Chinchillas silver project, with Silver Standard being the operator and taking a 75-percent stake in the project.

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

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

Editorial Disclosure: Levon Resources is a client of the Investing News Network. This article is not paid-for content.

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This article is updated each quarter. Please scroll to the top for the most recent information.

Best Silver Stocks of 2016 on the TSX

By Priscila Barrera, January 3, 2017

Silver price has been on the rise in 2016 after it fared poorly in 2015. Prices have increased significantly year-to-date due to a weak US dollar, Brexit results and the US Federal Reserve announcements.

Silver didn’t fare well in 2015 dropping drastically from $18.29 an ounce at the beginning of 2015 to $13.83 early this year. But after the US election, silver jumped to as far as $18.84 and analysts forecast a lift throughout 2017.

In 2016, some of the best silver stocks on the TSX reached over 400 percent year-to-date gains. You can find them in the list below that was generated using The Globe and Mail’s market data filter, and does not include companies with a market cap of less than $50 million. Price and gains are as of January 3, 2017.

1. Northern Dynasty Minerals (TSX:NDM)

Price as of January 3, 2017: $2.59
Gain in 2016: 559.52 percent.

Topping the list of best silver stocks of 2016 is Northern Dynasty Minerals. The company owns 100% of the Pebble project, a copper-gold-molybdenum-silver deposit in southwest Alaska. It has been determined that the deposit contains 57 billion lb copper, 70 million oz gold, 3.4 billion lb molybdenum and 344 million oz silver as reported by the company.

2. Excellon Resources (TSX:EXN)

Price as of January 3, 2017: $1.77
Gain in 2016: 429.03 percent.

Excellon’s 100%-owned La Platosa Mine in Durango is Mexico’s highest grade silver mine, containing lead and zinc by-products. The company is also engaged in the exploration and evaluation of mining properties in Ontario and Quebec.

They report mining over 500,000 tonnes since production commenced in 2005. Their sales in the third quarter of 2016 reached 228,172 silver equivalent ounces and revenue of $4 million.

3. Silvercorp Metals (TSX:SVM)

Price as of January 3, 2017: $3.36
Gain in 2016: 374.24 percent.

Silvercorp is a low-cost silver-producing Canadian mining company with multiple mines in China. The Company is the primary silver producer in that country through the operation of over four silver-lead-zinc mines in the Ying Mining District in Henan Province.

They reported silver production of over 46 million ounces to date and lead-zinc production of over 689 million pounds to date. They also announced that their silver, lead and zinc sales were up 44%, 51%, and 27%, respectively, from the prior year period, to approximately 1.8 million ounces silver, 19.9 million pounds lead, and 5.9 million pounds zinc.

Connect with our Featured Silver Stocks to receive the latest news and investor presentations.

4. Gabriel Resources (TSX:GBU)

Price as of January 3, 2017: $0.56
Gain in 2016: 278.57 percent

In fourth place on our list of best silver stocks is Gabriel Resources, which is a Canadian-based resource company focused on permitting and developing its world class Rosia Montana gold and silver project in Romania. Rosia Montana has been mined for 2,000 years and most recently by the state until 2006.

There has been an ongoing controversy involving local residents about this development. But Gabriel Resources said the $1.5 billion project to build Europe’s largest gold mine would provide a major boost for Romania’s lagging economy and create hundreds of jobs for the Transylvania region.

5. Americas Silver (TSX:USA)

Price as of January 3, 2017: $3.75
Gain in 2016: 191.67 percent

Last on the list of best silver stocks is Americas Silver, which is a junior silver producer with assets in the Americas. The company owns and operates the Cosalá Operations in Sinaloa, Mexico and the Galena Mine Complex in Idaho, USA.

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

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

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Comments
  • You might want to check out Jaxon minerals , JAX , on the Canadian venture exchange . It’s a junior with very hi grade veins . Grassroots opportunity .

    Reply

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