Which junior silver stocks are the top performers so far this year? We’ve compiled a list of top TSXV-listed silver stocks to guide investors.
Click here to read the previous best junior silver stocks article.
Silver saw a strong run starting in February, culminating in a high of US$26.36 per ounce. However, since mid-April, its price has plummeted and is now sitting around the US$21 mark.
Some of the top silver stocks year-to-date have seen similar movements to the silver price so far this year, although they have all released significant news as well. While that means that many peaked during silver's highs, it also means that they've cooled off alongside the white metal.
The best silver stocks list below was generated on June 20, 2022, using TradingView’s . Companies on the TSXV were considered, and all the silver stocks listed had market caps above C$10 million at that time.
1. Stroud Resources (TSXV:SDR)
Year-to-date gain: 38.46 percent; market capitalization: C$17.94 million; current share price: C$0.36
Stroud Resources is focused on its Santo Domingo silver-gold project in Mexico's Hostotipaquillo region in the province of Jalisco. The region has a mining history dating back to the 1500s, and Stroud is the first company to explore Santo Domingo with modern techniques. The property has a measured and indicated mineral resource of 25.74 million silver equivalent (AgEq) ounces and an inferred resource of 13.39 million AgEq ounces.
The precious metals explorer's share price rose first in mid-January, jumping from C$0.25 on January 7 to C$0.42 on January 14. The company on January 12, sharing that a drill program at Santo Domingo had intersected high-grade silver, with a highlight of 371.6 AgEq grams per metric ton (g/t) over 9.95 meters, including 1,187 g/t AgEq over 1 meter. In late January, Stroud's share price fell and stayed down through news of and the at the property.
However, shares began a sharp jump back up on March 9 to C$0.49 and stayed mostly elevated for months, not dipping below the C$0.40 mark until mid-May. The company’s only news since is the release of its on May 2 and its on May 30.
2. Sterling Metals (TSXV:SAG)
Year-to-date gain: 36 percent; market capitalization: C$23.03 million; current share price: C$0.34
Exploration company Sterling Metals is currently focused on its Sail Pond silver-copper-lead-zinc project in Newfoundland, Canada. The company currently has a 100 percent earn-in option for the property. Sterling completed the project’s first ever exploration program in 2021.
Sterling performed downwards for much of 2022 thus far. However, its gains have been strongly tied to its news, which has picked up in Q2. The company’s share price saw a spike in mid-April following the announcement of a C$2.5 million that on May 27. Its share price saw another spike on the closure of the placement, moving from C$0.23 on May 27 to C$0.37 by June 2.
Most recently, Sterling shared for Sail Pond that were set to commence on June 15. According to the company, the program will have two focuses with different teams: one drilling at the Heimdall zone and one working on target generation and project enhancement. This latest news led to a spike to the company’s year-to-date high of C$0.38 on June 10.
3. CMC Metals (TSXV:CMB)
Year-to-date gain: 16 percent; market capitalization: C$16.39 million; current share price: C$0.145
CMC Metals describes itself as a “growth stage mineral exploration company” that is developing precious and base metals properties through the feasibility stage. Its projects are all in Canada, more specifically in Yukon, BC and Newfoundland. In terms of silver, its projects are Silver Hart and Blue Heaven in Yukon and Rancheria South in BC.
While CMC performed relatively flat through the beginning of March, its share price saw a strong performance after that and hit a year-to-date high of C$0.24 on April 18, falling off slightly in May. During Q2 the company added both a and a new to its ranks. Alongside the latter announcement, CMC shared that operations at its Newfoundland properties had commenced. On May 11, the company it had identified six “significant” targets at the Silverknife property.
CMC Metals on June 13 it had deemed its Rodney Pond property in Newfoundland a property of merit after exploration identified a “large area of exploration interest.” Most recently, the company it was preparing for the largest drill program at the Silver Hart project to date. The company also shared that field crews would be sent to its Silverknife, Amy and Rancheria South projects to explore in the summer.
4. Santacruz Silver Mining (TSXV:SCZ)
Year-to-date gain: 9.68 percent; market capitalization: C$114.82 million; current share price: C$0.34
Santacruz Silver Mining is a South American silver miner with producing assets in Bolivia and Mexico, as well as an exploration project in Bolivia. The company's Bolivar and Porco operations are part of a joint venture agreement with the Bolivian government, which owns 55 percent compared to Santacruz's 45 percent.
Santacruz's share price has slowly risen throughout the year. At the beginning of February, the company shared its , including its total production numbers. The company put out 1.289 million silver ounces and 3.2 million AgEq ounces. On March 21, the company producing assets in Bolivia from Glencore (LSE:GLEN,OTC Pink:GLCNF). “This is a significant acquisition for Santacruz that creates a leading mid-tier silver producer in the Americas," Santacruz CEO Carlos Silva said in a press release.
Santacruz’s share price gained through March and April, but fell off in May alongside the dipping silver price. The company released three pieces of news in May. First, Santacruz reported its ; then its , which reached 1.39 AgEq ounces, up 65.3 percent compared to Q4 2021. Lastly, the company shared its .
, Santacruz announced that a “valued employee lost his life in a fatal accident at the Reserva mine in Bolivia.” An investigation is being conducted into the accident to determine how to improve safety at the site. Since the accident, the company’s share price has fallen further, although it remains up year-to-date.
Year-to-date gain: 7.14 percent; market capitalization: C$16.7 million; current share price: C$0.075
Fabled Silver roulette odds’s flagship project is the Santa Maria silver-gold project in the Parral district of Chihuahua, Mexico, which is part of the Mexican epithermal silver-gold belt. The company is solely focused on exploration of the property, which was only partially explored previously. It is in the home stretch of an option agreement with roulette oddsen Minerals (TSX:AUMN,NYSEAMERICAN:AUMN) to purchase the project.
Fabled’s share price spiked on February 2 on the of positive phase 1 surface diamond drill results including 393 g/t silver and 86.1 g/t gold over 1.3 meters. The company has since shared a of all phase 1 exploration at the property. Throughout , and the company planned its phase 2 diamond drill exploration program at Santa Maria.
Later in May, the company that it had amended its option agreement to stretch out its final C$2 million payment due in December 2022 to instead be one C$1 million payment that month, followed by quarterly payments of C$250,000 in 2023. Fabled President and CEO Peter Hawley said, “At a difficult time for the markets, this amendment will free up working capital to devote to further defining and exploring the Santa Maria Project over the next year.”
Most recently, Fabled a non-brokered private placement of gross proceeds up to C$1 million, which is anticipated to be used for working capital and exploration at Santa Maria.
Don’t forget to follow us for real-time news updates!
Securities Disclosure: I, Lauren Kelly, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: Fabled Silver roulette odds is a client of the Investing News Network. This article is not paid-for content.
- Silver Outlook 2022: Supply/Demand Trends Could Catalyze Price ... ›
- 5 Silver Stocks that Pay Dividends - Investing News ›
- Buying Silver Stocks? Read This Expert Advice First | INN ›
- Top 5 Silver Stocks on the TSX in 2022 | INN ›
- 5 Top Weekly TSXV Performers: Sterling Leads roulette odds and Silver Juniors Higher | INN ›
DOWNLOAD FREE REPORTS
BROWSE COMPANIES BY SECTOR