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.
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.
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 May, and is expecting to release assay results in July. Then, on June 23, Agnico Eagle Mines (TSX:AEM,NYSE:AEM) completed Phase I of an option agreement to acquire a 51-percent interest in Greyhound; Agnico Eagle has the option to increase its ownership in the property to 70 percent by providing a preliminary economic assessment or by dedicating $5 million towards exploration.
Aura Silver is also exploring the Taviche District in Mexico, an area known for gold and silver mining, and is actively looking for a partner to continue drilling.
Current price: $0.45; year-to-date gain: 16.88 percent
Avino Silver & Gold Mines rounds out our list of best junior silver stocks. It has five operations in Mexico and four in Canada, and has released a slew of news so far this year, including an updated preliminary economic assessment for retreating mine tailings for its Mexico-based Avino mine.
More recently, on May 8, the company announced that the processing plant and mine expansion at its Avino and San Gonzalo mines has been progressing well since first discussed in January. The updates would increase throughput capacity at the processing plant by about 70 percent.
The data for this article was retrieved on July 5, 2017 using The Globe and Mail’smarket data filter. Only TSXV-listed silvercompanies with market capitalizations greater than $5 million are included.
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Securities Disclosure: I, Melissa Shaw, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: Castle Silver Resources is a client of the Investing News Network. This article is not paid-for content.
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Best Silver Stocks of 2016 on the TSXV
By Charlotte McLeod, January A3, 2017
The silver price has been on a tear so far in 2017 – as of 5:00 p.m. EST on April 13, it was up an impressive 17.7 percent.
Concerns about US President Donald Trump, upcoming European elections and other factors have left investors rushing for safe-haven metals, and it seems unlikely that these worries will abate soon. Some experts believe silvermay rise to nearly $20 per ounce before the year comes to an end. And of course, some silver-focused companies are also enjoying gains.
The list below was generated usingThe Globe and Mail’s market data filter, and it shows the TSXV-listed silvercompanies that saw the biggest share price gains from January 1 to April 13. Only companies with market caps above $5 million are included. You can click here to view our list of the top-performing TSX-listed silver stocks in Q1.
Current price: $0.28; year-to-date gain: 271.46percent
At the top of our list of best junior silver stocks is Castle Silver Resources. The company’s flagship property is Castle, a past-producing silver and cobalt mine. It is located 85 kilometers northwest of Ontario’s Cobalt silver camp, and according to the company its No. 3 shaft produced a total of 22,257,871 ounces during various stages of operation between 1917 and 1989. Castle Silver’s portfolio also includes the past-producing Beaver and Violet silver-cobalt mines.
So far in 2017, the company has released preliminary results from bench-scale metallurgical flotation and gravity testwork on surface rock samples and tailings collected from the Beaver and Castle properties.We are very encouraged by these metallurgical results. We plan to undertake additional metallurgical testing for the optimization of grind and reagents, said Frank Basa, president and CEO of Castle Silver. The company also closed a private placement for gross proceeds of $952,685.
Current price: $0.07; year-to-date gain: 62.5percent
Aura Silver Resources is second our list of best junior silver stocks. The company is focused on Mexico-based Taviche project and the Greyhound project in Canada. The former is located in the San Josemining district, which is reportedly one of Mexico’s first historic silver-mining areas. The latter is a gold-silver property in Nunavut that the company believes is highly prospective; Agnico-Eagle Mines (TSX:AEM,NYSE:AEM) has the option to earn an interest in 15 claims that comprise part of Greyhound.
In the first quarter of 2017, Aura closed the first and second tranches of a non-brokered private placement, raising a total of $1 million. The companyalso announced in March that drilling willresume at Greyhound in April. Agnico-Eagle will be followingup on 2015 results at the project.
[Editor’s note: Arizona Silver Exploration’s (TSXV:AZS) share price rose 47 percent from January 1 to April 13, but it was not picked up by The Globe and Mail’s market data filter. You can learn more about the company by clicking here.]
Current price: $2.4; year-to-date gain:30.05
In third place on the list of best junior silver stocks is Avino Silver & Gold Mines bills itself as one of the industry’s lowest-cost silver producers.Its assets are all located in Mexico and Canada, and they include two producing precious metals mines, as well as another project that’s currently in trial production.Avino has a diversified portfolio of gold, silver and base metals exploration properties as well.
The company has put outa slew of news so far in 2017.It has released its 2016 production and financial results, andhas also announcedan updated preliminary economic assessment (PEA) for its oxide tailings project. The oxide tailings are located at the company’s Avino mine in Mexico, and the PEA includes the results of the company’s 2016 resource estimate for the Avino property, which holdsboth the Avino mine and the San Gonzalo mine.
We are extremely pleased with the very attractive economics of the Oxide Tailings Resource PEA. These positive results will enable us to plan the next steps, identify any additional studies and move forward in advancing the oxide tailings project, said David Wolfin, president and CEO of Avino.
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Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: Arizona Silver Exploration and Castle Silver Resources are clientsof the Investing News Network. This article is not paid-for content.
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Best Silver Stocks of 2016 on the TSXV
By Priscila Barrera, January 3, 2017
After three years of decline, silver prices have been surging in 2016 due to political developments worldwide. A weak US dollar, Brexit results and uncertainty over the incoming US president’s agenda have all impacted the precious metal prices this year.
In the list below you can find the best junior silver stocks of 2016 on the TSXV. The list was generated using The Globe and Mail’s market data filter, and does not include companies with a market cap of less than $10 million. Price and gains are as of January 3, 2017.
Price as of January 3, 2017: $0.22
Gain in 2016: 780.00 percent
On top of our list of best junior silver stockslist is Resource Capital Gold, an emerging precious metals developer and producer. The Company’s focus is on gold and silver and it has a pipeline of late-stage exploration, development and previously producing assets in Nova Scotia and Nevada.
This year they announced the expansion of the Corcoran Canyon Joint Venture, an advanced silver-gold project. Past drilling on the property has outlined an existing, historic silver-gold resource of 1.14 million tonnes grading 248 g/t silver and 0.89 g/t gold.
Price as of January 3, 2017: $0.18
Gain in 2016: 725.00 percent
Cornerstone Capital Resources is a mineral exploration company with a diversified portfolio of projects in Ecuador and Chile. In February 2011 Cornerstone acquired the Miocene gold-silver-copper project that covers an area of 5014 hectares in northern Chile.
In Ecuador, the company has been exploring since 2005 and has a portfolio of five mineral properties covering 455 km2 which are targeting epithermal gold-silver and porphyry copper-gold deposits.
Price as of January 3, 2017: $0.69
Gain in 2016: 441.67 percent
Impact Silver started production in 2006 and currently operates two silver centres within its 100 percent owned 623 square kilometer claim package located three hours southwest of Mexico City.
Price as of January 3, 2017: $0.19
Gain in 2016: 322.22 percent
The main focus of Canasil Resources is mining and exploration of precious and base metals including gold, silver, copper, zinc and lead. It has projects in British Columbia, Canada and Durango and Zacatecas States, Mexico. They recently reported that a new drilling program will start in their Sandra Escobar project. The project consists of 6,342 hectares containing silver-gold-copper-zinc-lead epithermal veins and disseminated mineralization.
The company reported that, as a result of the increased silver prices and stronger US dollar, the Company’s revenue per tonne increased to $97.57 in the third quarter of 2016, from $92.20 in the third quarter of 2015. For the first nine months of 2016 the revenue per tonne improved by 15 percent to $94.85, compared to $82.76 in the same period of 2015.
Price as of January 3, 2017: $2.48
Gain in 2016: 305.17 percent
Last on the list of top junior silver stocks on the TSXV is Bear Creek Mining, an exploration and development company focused on Peru, with the following projects: Corani and Santa Ana, hosting reserves and resources containing more than 450 million ounces of silver. The company’s 2015 Final Feasibility Study for Corani estimateed average annual production of over 8 million ounces of silver (plus lead and zinc credits) over an 18-year mine life.
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Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.
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