Silver stocks

Hecla Mining Company, along with its subsidiaries, engages in the exploration, acquisition, development, and extraction of both precious and base metal resources across the United States and internationally. The company produces concentrates of silver, gold, lead, and zinc, as well as carbon material and doré, both of which contain silver and gold. These materials are then sold to custom smelters, metal traders, and third-party processors. Hecla holds full ownership stakes in several key mining operations: the Greens Creek mine in southeast Alaska's Admiralty Island; the Lucky Friday mine in northern Idaho; the Casa Berardi mine located in the Abitibi region of northwestern Quebec, Canada; and the San Sebastian mine in Durango, Mexico. Additionally, the company entirely owns the Fire Creek mine in Lander County, Nevada, and both the Hollister and Midas mines in Elko County, Nevada. Established in 1891, Hecla Mining Company's headquarters are located in Coeur d'Alene, Idaho.

Endeavour is considered a pure-play silver miner in the Americas.

Endeavour Silver Corp., headquartered in Vancouver, Canada, is a mining enterprise specializing in precious metals. The company is involved in the entire lifecycle of mineral properties, from acquisition and exploration to development, extraction, processing, refining, and reclamation, operating in both Mexico and Chile. While its primary focus is silver, Endeavour also actively seeks gold and other valuable metal deposits. Currently, the company manages two productive silver-gold mines in Mexico: the Guanaceví mine situated in Durango and the Bolañitos mine located in Guanajuato. In addition to these operating assets, Endeavour is progressing two significant exploration and development projects within Mexico: the Terronera property in Jalisco and the Parral properties in Chihuahua. Further expanding its portfolio, the company holds interests in three distinct exploration ventures in northern Chile: the Aida silver project, the Paloma gold project, and the Cerro Marquez project, which explores for copper, molybdenum, and gold. Originally incorporated in 1981, the company underwent a name change from Endeavour Gold Corp. to Endeavour Silver Corp. in September 2004, aligning its identity with its core silver mining activities.

First Majestic is a silver producer with direct realized-price and margin sensitivity to silver, while the additional Hindustan Zinc by-product ounces create only a small offset.

First Majestic is evidenced as a Mexican silver producer competing for silver-focused capital, investor attention and future mine supply.

Hochschild Mining plc is a prominent player in the precious metals sector, engaged in the full lifecycle of gold and silver production, from discovering new deposits to mining, processing, and commercializing these valuable commodities across the Americas. The company wholly owns two significant gold and silver operations situated in the Ayacucho Department of southern Peru: the Inmaculada underground mine (producing gold and silver) and the Pallancata property (yielding silver and gold). Furthermore, it holds a controlling 51% stake in Argentina's San Jose silver/gold mine. Beyond these active sites, Hochschild possesses a broad array of exploration and development projects spanning Peru, Argentina, Mexico, the United States, Canada, Brazil, and Chile. The firm also diversifies its business interests by participating in power generation and distribution. Established in 1911, Hochschild Mining plc maintains its corporate headquarters in London, United Kingdom.

Wheaton Precious Metals Corp. functions as a streaming enterprise, primarily engaged in the global distribution of valuable metals. Its offerings encompass deposits of gold, silver, palladium, and cobalt. The company maintains a substantial portfolio, holding stakes in 23 operational mines and an additional 13 development ventures. Founded in 2004, the firm's headquarters are located in Vancouver, Canada. It operated under the name Silver Wheaton Corp. until May 2017, when it rebranded to its current title.

Silver represents a substantial part of Wheaton’s revenue exposure, and its streaming model can benefit from higher realized silver prices without directly absorbing the suspended mine’s operating costs.

Fresnillo is a large silver producer and could face relative competitive pressure from a more credible, eventually producing Corani platform.

Fresnillo produces silver with gold and other potential by-products, but no Cosalá concentrate or processing relationship is disclosed.

Pan American is a silver-mining peer with direct operating exposure to silver production and costs.

Pan American Silver Corp. is a mining enterprise dedicated to the full spectrum of metal operations, from discovery and site development to extraction, refinement, and environmental reclamation. The company focuses on precious and base metals including silver, gold, zinc, lead, and copper. Its extensive operations are situated across several countries, specifically Canada, Mexico, Peru, Argentina, and Bolivia, where it manages key mining properties such as La Colorada, Dolores, Huaron, Morococha, Shahuindo, La Arena, Timmins West, Bell Creek, Manantial Espejo, San Vicente, Joaquin, Cap-Oeste Sur Este, and Navidad. Founded in 1979 as Pan American Minerals Corp., the firm officially changed its name to Pan American Silver Corp. in April 1995 and is headquartered in Vancouver, Canada.

IMPACT Silver Corp. is actively engaged in mineral exploration, development, and processing operations throughout Mexico. The company is a producer of various metals, including silver, lead, zinc, gold, and copper. Its core holdings consist of significant interests in the Royal Mines of Zacualpan Silver-Gold District and the Capire Mineral District, both located in central Mexico and collectively spanning about 211 square kilometers. Furthermore, IMPACT Silver Corp. manages and operates several open-pit mines, namely Cuchara, San Ramon, Guadalupe, Veta Negra, and Capire. The company was established in 2006 and maintains its corporate headquarters in Vancouver, Canada.

Fortuna Silver Mines Inc. functions as a mining enterprise dedicated to the discovery, exploration, and extraction of both precious and base metal deposits. Its operational footprint extends across Argentina, Burkina Faso, Mexico, Peru, and Côte d'Ivoire. The company holds significant stakes in several key mining assets: the Caylloma mine in southern Peru, yielding silver, lead, and zinc; the San Jose silver and gold mine situated in southern Mexico; the Lindero gold project in Argentina; the Yaramoko gold mine located in southwestern Burkina Faso; and the Séguéla gold mine, also in southwestern Côte d'Ivoire. Established in 1990, the company adopted its current name, Fortuna Silver Mines Inc., in June 2005, having previously been known as Fortuna Ventures Inc. Its corporate headquarters are located in Vancouver, Canada.

Minera Frisco, S.A.B. de C.V. is a company primarily involved in the exploration, development, and extraction of mineral resources. Its core business includes the production and sale of gold and silver doré bars. Beyond these precious metals, the company also processes and sells copper cathode, along with various concentrates such as copper, lead-silver, and zinc. The company boasts a significant operational presence, with nine active mining units situated throughout Mexico, including El Coronel, Asientos, El Porvenir, Tayahua, San Felipe, María, San Francisco del Oro, Ocampo, and Concheño. Founded in 2011, Minera Frisco maintains its corporate headquarters in Mexico City, Mexico.

Andean Precious Metals Corp. is primarily engaged in the comprehensive management of mineral resource properties, involving their acquisition, exploration, development, and processing, with a focus on operations mainly within the United States. The company's core exploration efforts target silver and gold deposits. It holds full ownership of the San Bartolomé project in Bolivia, as well as the Soledad Mountain mine and its associated heap leach facility located in Kern County, California. The firm was founded in 2018, is headquartered in Toronto, Canada, and operates as a subsidiary of PMB Partners LP.

Triple Flag is a sizeable royalty and streaming company with exposure to producing and development-stage precious-metals assets.

Triple Flag Precious Metals Corp., a precious metals streaming and royalty company, engages in acquiring and managing precious metals, streams, royalties, and other mineral interests in Australia, Canada, Colombia, Cote d’Ivoire, Mexico, Mongolia, Peru, South Africa, and the United States. The company has a portfolio of streams and royalties providing exposure to copper, gold, silver, nickel, lead, lithium, and zinc. The company was founded in 2016 and is based in Toronto, Canada.

RGLD’s royalty and streaming model creates price- and production-linked exposure to precious-metals output, although no specific interest in the acquired assets is disclosed.

Royal Gold, Inc. and its subsidiaries engage in the acquisition and oversight of precious metal streams, royalty agreements, and related rights. The company's strategy involves securing these interests or providing capital for projects, whether currently producing or in their development phase, in exchange for future streams or royalty entitlements. Its portfolio primarily encompasses gold, silver, copper, nickel, zinc, lead, and cobalt. As of June 30, 2022, Royal Gold maintained ownership stakes in 185 properties spanning five continents, featuring interests in 41 operating mines and 19 projects under development. These stream and royalty holdings are distributed across various international regions, including the United States, Canada, Chile, the Dominican Republic, Australia, Africa, and Mexico. Royal Gold, Inc. was founded in 1981 and is headquartered in Denver, Colorado.

Coeur is identified as an Americas-based precious-metals producer with silver exposure.

Coeur’s Americas silver production provides modest price leverage, but its exposure is less direct than that of a pure primary-silver producer.

Coeur Mining, Inc. is a company primarily focused on the exploration and development of precious metal deposits across North America, with operations spanning the United States, Canada, and Mexico. The company's key activities involve discovering and extracting resources such as gold, silver, zinc, and lead. Coeur Mining maintains a 100% ownership stake in several significant mining assets. These include the Palmarejo gold and silver mine in Chihuahua, Northern Mexico, which encompasses approximately 67,296 net acres. In northwestern Nevada, the Rochester silver and gold mine covers about 43,441 net acres. The Kensington gold mine, situated north of Juneau, Alaska, spans 3,972 net acres. Additionally, the Wharf gold mine occupies roughly 3,243 net acres in the northern Black Hills of western South Dakota, and the Silvertip silver-zinc-lead mine in northern British Columbia, Canada, extends over 97,298 net acres. Beyond these fully-owned sites, Coeur Mining also holds interests in the Crown and Sterling projects located in southern Nevada, as well as the La Preciosa project in Mexico. The concentrates produced from its operations are then marketed and sold to various third-party customers and smelters through established off-take agreements. Historically, the company was known as Coeur d'Alene Mines Corporation before rebranding to Coeur Mining, Inc. in May 2013. Established in 1928, its corporate headquarters are located in Chicago, Illinois.

Hindustan Zinc Limited is engaged in the exploration, extraction, and refinement of minerals, conducting its operations both within India and on an international scale. The company's activities are divided into two main divisions: one focused on Zinc, Lead, Silver, and related products, and another dedicated to Wind Energy. It manufactures refined zinc, lead, and silver, in addition to sulphuric acid, and also produces various metals and their alloys. Furthermore, HZL maintains a significant power infrastructure, featuring captive thermal power plants generating 505.5 megawatts, wind power facilities contributing 273.5 megawatts, solar installations providing 40.57 megawatts, and waste heat recovery plants with a capacity of 40.67 megawatts. Founded in 1966, the company's headquarters are situated in Udaipur, India, and it operates as a subsidiary of Vedanta Limited.

MAG is a primary silver producer competing for silver exposure and investor capital.

MAG operates a primary silver mine and consequently bears mine-level labor, energy, consumable and sustaining-cost inflation, even though its direct silver exposure benefits from higher prices.

MAG Silver is a primary silver producer associated with the Juanicipio mine, a separate Mexican silver operation. In a market facing Mexican supply constraints and a structural deficit, available production from other silver assets becomes more valuable, providing a modest positive revenue and margin read-through for MAG if silver prices or physical premiums rise.

Metalla Royalty & Streaming Ltd., a precious metals royalty and streaming company, engages in the acquisition and management of gold, silver, copper royalties, streams, and related production-based interests in Canada. The company operates in Australia, Argentina, Mexico, Canada, Tanzania, Ecuador, Peru, Chile, Brazil, Venezuela, and the United States. The company was formerly known as Excalibur Resources Ltd. and changed its name to Metalla Royalty & Streaming Ltd. in December 2016. Metalla Royalty & Streaming Ltd. was incorporated in 1983 and is headquartered in Vancouver, Canada.

Sailfish Royalty Corp. primarily engages in the acquisition and management of precious metals royalties and streaming agreements across the American continents. Beyond its core royalty operations, the company also undertakes exploration for gold and silver deposits. Its key assets encompass a 3% net smelter return (NSR) from the San Albino gold project in northern Nicaragua, alongside a 2% NSR on the adjacent land. The company also holds an NSR of up to 3% on the Spring Valley gold project, located in Pershing County, Nevada. Further interests include a 1.5% NSR on the El Compas project in Zacatecas, Mexico, a 1% NSR on La Cigarra in Chihuahua, Mexico, and complete ownership (100% interest) of the Gavilanes Property in Durango, Mexico. Founded in 2014, Sailfish Royalty Corp.'s corporate headquarters are situated in Road Town, British Virgin Islands.

Empress Royalty Corp. specializes in obtaining royalty and streaming agreements from precious metal mining operations and projects. Its current holdings encompass 17 precious metals royalties located across Canada. The firm also possesses Net Smelter Return (NSR) royalty stakes in both the Pinos Royalty and McLeroy-Pinos Royalty, which are integral to the Pinos gold-silver development in Mexico. Founded in 2020, the company maintains its principal office in White Rock, Canada.

Vox Royalty has material exposure to mining royalty and streaming interests, although its portfolio includes precious and other metals rather than being limited to precious metals.

OR Royalties acquires and manages precious-metals royalty and streaming interests, making this exposure central to its business model.

Gold Royalty is expanding a portfolio of precious-metals royalties and streams, creating meaningful but less direct exposure than the large diversified streamers.

New Pacific has a Bolivian subsidiary and a Silver Sand project with more than $45 million committed, establishing a direct but developmental exposure.

New Pacific Metals has a Bolivian subsidiary with a material Silver Sand project commitment. A lower perceived probability of near-term sovereign credit distress and improved access to multilateral financing could reduce country-risk and project-financing friction, although no new financing or permit for the project is disclosed.

Discovery Silver is the direct owner and would receive the revenue and reserve-growth benefits of any eventual Cordero silver production.

Discovery Silver is the direct project owner and receives the strongest positive impact. The MIA and Change of Land Use permits complete Cordero’s federal environmental permitting process, allowing the company to move toward construction, financing and development of a project requiring US$606 million of initial capex. The project also creates a substantial future procurement and operating-revenue pathway for Discovery.

Highlander owns and is developing Corani, so eventual production is a direct positive exposure; the project presentation describes approximately 9.6 million ounces of annual production.

USAS is advancing an Idaho complex that produces silver alongside copper and antimony, creating direct exposure to silver output and prices even though silver is not its only commodity.

USAS operates the Galena silver complex in Idaho and is a regional silver-production peer that could compete for western mining inputs and investor attention.

GR Silver Mining Ltd. is primarily engaged in the identification, evaluation, and advancement of mineral resource sites, with a particular focus on Mexico. Its exploration efforts target deposits of precious metals like gold and silver, as well as base metals such as lead and zinc. The company's project portfolio features the San Marcial property, spanning 1,250 hectares; the Plomosas silver project, encompassing 8,515 hectares within the Rosario Mining District; and the extensive La Trinidad project, which covers approximately 107,392.5 hectares, also located in Mexico. Originally established as Goldplay Exploration Ltd., the firm adopted its current name, GR Silver Mining Ltd., in January 2020. Founded in 2012, the company maintains its corporate headquarters in Vancouver, Canada.

Headquartered in Vancouver, Canada, Kootenay Silver Inc. operates as an exploration-stage enterprise. The company is actively involved in acquiring, investigating, and developing mineral properties throughout Mexico and Canada, with a focus on uncovering deposits of silver, gold, lead, and zinc. Its portfolio prominently features the La Cigarra silver venture, encompassing approximately 18,000 hectares within Chihuahua's Parral Mining District in north-central Mexico. Other significant holdings include the Promontorio and La Negra silver finds in Sonora, Mexico; the Columba Silver project, also located in Chihuahua; and the Copalito Silver-gold undertaking in Sinaloa, Mexico. The entity was formerly recognized as Kootenay Gold Inc. before officially changing its name to Kootenay Silver Inc. in February 2012.

Operating from San Diego, California, Western Pacific Minerals Ltd. focuses its efforts on the exploration for precious metals, with a primary emphasis on discovering silver deposits.

BP Silver Corp. is a silver exploration company, involved in the business of mineral exploration, primarily at its Cosuño Property in Bolivia. The company was founded by Tim Shearcroft and Gonzalo Lemuz on September 22, 2016 and is headquartered in Vancouver, Canada.

Zacatecas Silver Corp. focuses its operations on discovering, developing, and acquiring mineral assets throughout Mexico. The company's primary exploration efforts are directed towards identifying valuable silver and gold deposits. Its portfolio includes complete ownership of two significant Mexican properties: the Zacatecas project, which encompasses 7,826 hectares within Zacatecas State, and the Esperanza project, comprising eight distinct mining concessions across 14,338 hectares in Morelos State. Established in 2020, Zacatecas Silver Corp. maintains its corporate headquarters in Vancouver, Canada.

El Capitan Precious Metals, Inc. is an exploration-phase enterprise focused on extracting precious and other valuable minerals. Its primary efforts are directed towards finding gold, silver, and platinum group metals. The company's principal holding is the El Capitan Property, situated in Lincoln County, New Mexico, which includes 354 lode claims managed by the Bureau of Land Management alongside four patented claims. Established in 2002, the firm operates out of Prescott, Arizona.

Silver47 Exploration Corp., alongside its subsidiary, operates as a mineral exploration firm dedicated to discovering precious metal deposits across Canada and the United States. The company's prospecting efforts target a variety of valuable resources, including silver, copper, gold, zinc, lead, and various sulphides. Its flagship venture is the expansive Red Mountain Project, which spans roughly 620 square kilometers and is composed of 942 mineral claims and a single mining lease. This significant property is situated on Alaska's state-managed territories, notably operating without oversight from the Bureau of Land Management. Established in 2021, Silver47 Exploration Corp. maintains its corporate headquarters in Vancouver, Canada.

Regency Silver Corp., along with its subsidiaries, is actively engaged in the process of identifying, assessing, acquiring, and exploring mineral properties across Mexico and Peru. The company primarily targets silver and gold deposits in its exploration endeavors. Its most significant asset is the Dios Padre project, located in Sonora, Mexico. Additionally, Regency Silver holds an interest in the El Tule property in Northern Nayari, Mexico, which comprises six concessions spanning 10,000 hectares, as well as the La Libertad project situated in Peru's north-central La Libertad mining district. The company also possesses an option to acquire complete ownership of the El Tablon claims in the State of Durango, Mexico. Established in 2017, Regency Silver Corp. operates from its corporate headquarters in Vancouver, Canada.

Bunker Hill Mining Corp. is an exploration-stage company focused on the exploration, acquisition, and development of mining and mineral properties. The company aims to develop the Bunker Hill Mine as part of a portfolio of North American precious-metal assets, with a particular emphasis on silver. It was founded by William J. Tafuri on February 20, 2007, and is headquartered in Kellogg, Idaho.

Silver North's core holdings consist of its wholly-owned Haldane Silver Project and the Tim Silver Project, which is currently optioned to Coeur Mining, Inc. Additionally, the company maintains a portfolio of various royalty interests in projects located throughout both North and South America.

Klondike Silver Corp. operates as an early-stage company, primarily focused on the discovery, acquisition, and advancement of mineral resource properties across Canada. The company's main exploration efforts are directed towards identifying deposits rich in silver, lead, and zinc. A key asset for the firm is its complete 100% ownership of the Slocan Silver camp, an extensive property covering approximately 116 square kilometers in southeastern British Columbia. Established in 2005, Klondike Silver Corp. maintains its corporate headquarters in Vancouver, Canada.

Defiance Silver Corp. functions as an exploration-stage enterprise, focusing on the acquisition, search, evaluation, and advancement of mineral properties, predominantly in Mexico. The company primarily targets deposits of gold, copper, and silver, with its flagship endeavor being the San Acacio Silver project, located within Mexico. Established in 2007 and headquartered in Vancouver, Canada, the firm was formerly known as Defiance Capital Corp. before changing its name to Defiance Silver Corp. in June 2011.

A Canadian mineral exploration company engaged in the acquisition and exploration of mineral property assets. The company's primary focus is the O'Connor Lake property in the Northwest Territories, where it explores for zinc, lead, copper, silver, and gold.

Silver Bullet Mines Corp., based in Burlington, Canada, is a company dedicated to the entire lifecycle of precious metal mining. This includes the acquisition of properties, their exploration, subsequent development, and the eventual extraction of valuable natural resources across Arizona, Idaho, and Nevada. A core component of its strategy involves the ongoing development and operation of its Buckeye Silver Mine, which is situated near Globe, Arizona.