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 July 5 it was trading at $15.99 per ounce.
Unsurprisingly, some junior silver stocks have gained as a result.The list of junior silver stocks below was generated using The Globe and Mail’s market data filter, and it shows the TSXV-listed silver companies that saw the biggest share price gains from January 1 to July 5.
Only companies with market caps above $5 million as of July 5 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 this year’stop-performing TSX-listed silver stocks can be viewed here.
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1. Castle Silver Resources (TSXV:CSR)
Current price: $0.24; year-to-date gain: 242.86 percent
Castle Silver Resourcesis focused on developing its past-producing Castle silver-cobalt mine in Ontario. The company has been busy this year, and on June 6 began underground bulk sampling at Castle. The sample will be put through Castle Silver’sRe-2OX hydrometallurgical process to produce high-purity cobalt powders for the battery sector. Castle Silver is also testing the Re-2OX process to recycle lithium-ion batteries by stripping the casing, leaching the cathode of the batteries and forming a high-purity precipitate containing valuable metals.
The firm has also released drill results this year, and most recently, on June 15, closed the final tranche of aprivate placement to raisea total of $1.2 million.
In addition to its Castle mine, the company owns the former Beaver and Violet cobalt-silver mines located in Northeastern Ontario. Castle Silveris testing the recovery of cobalt-silver and nickel from tailings and historical waste rock from both past-producing mines.
2. Aura Silver Resources (TSXV:AUU)
Current price: $0.06; year-to-date gain: 50 percent
Aura Silver Resources has also been busy this year. It completed a spring drill program at its Greyhound property in Nunavut in