10 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.