Which stocks should an investor entering into the silver market choose? Here is an overview of the top silver stocks on the TSXV.
Silver may be a volatile market, but carefully chosen top silver stocks can also reap high rewards. Investors should take note: Focus Economics forecasts that in 2017, silver will pick up to an average of $19.2 per troy ounce in Q1 of 2017.
Further to that, BMI Research says that junior silver miners may surpass their major counterparts in the coming years.
The question is: which top silver stocks should an investor in the silver market choose? PwC Canada recently released a report isolating 100 top performing junior mines whose market capitalizations have risen since 2015.
Here are the 10 top silver stocks on the TSXV:
1. First Mining Finance (TSXV:FF)
First Mining Finance invests in projects that yield high quality mineral assets. There are currently 25 projects in their portfolio that span North America, including the Roquemaure property in Quebec which mines for copper and silver as primary deposits, and the Springpole Gold Project in northwestern Ontario which contains an indicated estimate of 23.8 M oz of silver.
2. Bear Creek Mining (TSXV:BCM)
Bear Creek Mining focuses its efforts on two silver mining projects in Peru: the Corani project and the Santa Ana project, which contain a combined approximate of 450 million ounces of silver. The Corani Project is estimated to produce 8 M oz of silver annually over 18 years, while Santa Ana is expected to produce 5 Moz of low cost, pure silver, annually for 11 years.
3. Avino Silver & Gold Mines (TSXV:ASM)
This Vancouver-based company mines and explores silver deposits at its Avino property in Durango, Mexico as well as its Bralorne property in British Columbia. The company announced new resource estimates out of their Bralorne Property that included 83,900 oz of silver deposits, while its Avino property saw increases in silver production by three percent to 410,908 oz in Q3 of 2016.
4. Mirasol Resources (TSXV:MRZ)
Mirasol Resources employs a prospect generator model; it seeks to acquire prospective regions in the Americas that are invested in the exploration of precious metals and copper discoveries. Prospect generators then engage in joint-venture partnerships to fund further drilling and exploration work by exchanging the majority of their interest in these regions for cash or shares.
Mirasol’s current property portfolio includes Santa Rita, a Virginia silver project in Santa Cruz, Argentina, that contains an indicated estimate of 1,197 Mt at 310 g/t of silver.
5. Orex Minerals (TSXV:REX)
This Canada-based junior mineral exploration company has options in many gold, silver and copper projects on the mineral trends in Mexico and Canada. Orex has a joint venture with Fresnillo PLC (LON:FRES) on the Coneto Silver-Gold Project located in Mesa Central in Mexico. Coneto is in the heart of the “Mexican Silver Trend”, which hosts some of the world’s largest silver camps and deposits.
6. Marlin Gold Mining (TSXV:MLN)
Marlin Gold Mining holds properties in Sinaloa, Mexico and Arizona, USA. Their Commonwealth silver and gold project in Cochise County, Arizona contains 12 million ounces of silver from over 1.2 Mt of deposits mined between 1895 and 1942.
7. Eurasian Minerals (TSXV:EMX)
Eurasian Mineral strategically invests in mineral explorations and boasts many companies and projects in its portfolio worldwide. The Gumberg project in Sweden, for example, consists of five adjacent mining districts, including Osträsilvberg mine, a large silver producer in Sweden during the medieval period.
8. Barsele Minerals (TSXV:BME)
This Canada-based junior company’s Barsele Gold Project explores gold, silver and copper mineral resources in Sweden. In 2012, the company reported an indicated estimate of 107,000 oz of silver located in the project’s Nora Zone.
9. IMPACT Silver (TSXV:IPT)
IMPACT Silver has projects in two mineral districts in south-central Mexico: the Royal Mines of Zacualpan Silver District and the Capire-Mamatis Silver District. In Zacualpan, IMPACT operates a 500 tpd production centre while at its Capire production centre, impact operates a 200 tpd pilot plant. The company’s production history in Zacualpan has survived 10 years, producing a company record of 950,059 oz of silver in 2015.
10. Kootenay Silver (TSXV:KTN)
Kootenay Silver is a Canadian and Mexican based company that is interested in the development of three silver projects in Mexico: the La Cigarra silver project in Chihuahua, Mexico, and the Promontorio and La Nerga silver projects in Sonora Mexico.
Kootenay currently has two drill programs in progress in Mexico with a combined estimate of over 140 million ounces of silver. Its La Cigarra silver project contains an indicated estimate of 51.5 Moz of silver in 86.3 g/t, while its Promontorio Silver Resource holds a resource estimate of 44 million tonnes containing 92 million ounces of silver equivalent at 64.3g/t.
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Securities Disclosure: I, Pia Rivera, hold no direct investment interest in any company mentioned in this article.