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Top Silver Stocks To Watch This Week

Will These Silver Stocks Go Up? The market for silver stocks has…
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Will These Silver Stocks Go Up?

The market for silver stocks has been quite an interesting one to watch in the market in recent times. The pandemic caused silver assets to skyrocket in price throughout the last year and a half. The percentage gains for many silver assets were higher than gold stocks. This brought a lot of new investors to the metal that may have overlooked it before. One other recent event also brought a lot of new people to silver investing. You have certainly heard of the GameStop situation where Reddit traders boosted the price of the stock.

Well in early February the same thing happened to silver prices as a result of retail traders according to the mainstream media. But Reddit traders quickly stated that it was not their doing. This caused the price of the metal to pull back. What this did do, was attract a lot of new eyes and investors to silver related assets. The price of silver has been able to remain relatively stable at the moment.

So what else is affecting silver prices? Jobless reports often affect the price of silver and gold. It will be interesting to see the effect that unemployment and the economy has on the metal in the future. There are many great silver stocks to watch at the moment despite the volatility in the market. Let’s take a look at four silver stocks that show market potential right now.

Top Silver Stocks To Watch

  1. First Majestic Silver Corp. (NYSE: AG)
  2. Fortuna Silver Mines Inc. (NYSE: FSM)
  3. Endeavour Silver Corp. (NYSE: EXK)

First Majestic Silver Corp. (NYSE: AG)

First Majestic Silver Corp. is a mining company that primarily focuses on acquisition of land, exploration, development, and production of mineral assets. The company’s biggest projects include silver production in Mexico. Currently, First Majestic has 100% interest in the San Simas mine, Santa Elena mine, and holds interest a variety of other land too.

On August 16th, First Majestic reported its second quarter financial results for 2021. The company’s revenue achieved a new record, at $154.1 million. Its average realized silver price per ounce increased quarter over quarter as well.

President and CEO Keith Neumeyer said, “As a result of the higher revenues, our quarterly dividend increased by approximately 33% when compared to the prior quarterly payment. The mining units generated $29.4 million in mine operating earnings due to strong production and higher realized metal prices.” With this in mind, is AG stock a contender for your list of silver stocks to watch?

Fortuna Silver Mines Inc. (NYSE: FSM)

Fortuna Silver Mines Inc. is a mining corporation with a focus on exploration, extraction, and processing of precious metals. It actively explores for gold, silver, zinc, and lead. Its main properties include the Caylloma and San Jose mines, as well as the Lindero gold project in Argentina.

On June 28th, Fortuna and Roxgold Inc. announced a business combination. President and CEO of Fortuna Jorge A. Ganoza said, “The successfully completed business combination creates a low-cost intermediate gold and silver producer with four operating mines and a permitted development project. The company will benefit from a robust exploration pipeline and expanded presence in the Americas and West Africa, two of the fastest growing precious metals producing regions in the world.”

On September 20th, the company announced changes in its management team. David Volkert retired as the VP of Exploration in Latin America, which goes into effect on September 30th. Other than this, the company has not released a large amount of recent updates. So now it will be interesting to see where FSM stock goes from here. Will you add FSM to your silver stock watchlist?

Endeavour Silver Corp. (NYSE: EXK)

Endeavour Silver Corp. is a silver stock that just went up in the market. This company acquires land, explores it, and develops it. Endeavour works on the processing, refining, and reclamation at its mineral properties. Most of Endeavour’s primary assets are located in both Mexico and Chile. Endeavour for the most part only searches for silver and gold at its mines.

Back in August, the company announced its second-quarter financial results. The CEO of the company, Dan Dickson said, “From a financial standpoint, our Q2 performance was stronger than the respective period last year, as revenue, cash flow and earnings were all higher. However, our operating costs are clearly not where we want them to be. We are working to optimize our operating cost profile in the second half of 2021.”

Endeavour’s metal production grew 80% during the quarter, and its gold production grew 92%. These numbers were in line with Endeavour’s guidance for the year. Its net revenue in the second quarter was up 136% to $47.7 million. Now the company has completed the acquisition of the Bruner Gold Project in Nye County, Nevada. With this in mind, will you add EXK to your mining stock list?

Silver Stocks To Watch

There are plenty of silver stocks to watch in the market in 2021. Some think that there is not an opportunity to invest in silver stocks at the moment, but there are still many companies with potential in the market.

The post Top Silver Stocks To Watch This Week appeared first on Gold Stocks to Buy, Picks, News and Information | GoldStocks.com.

Author: Joe Samuel

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Cyclone’s eye on Yalardy REE potential as gravity survey looms

Special Report: Cyclone Metals will soon kick off a rare earths gravity survey in the Yalardy area in WA, where … Read More
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Cyclone Metals will soon kick off a rare earths gravity survey in the Yalardy area in WA, where an interesting anomaly has caught its eye.  

Cyclone’s (ASX:CLE) plan for a detailed gravity survey will focus on the Sebastian gravity anomaly, which sits on one of the two tenements held in the Yalardy area east of Shark Bay.

The company believes the anomaly could represent the top of a geological intrusion, feasibly related to a carbonatite – the type of rock which can contain considerable accumulations of rare earth elements (REEs), base metals and minerals such as iron, titanium in vanadium.

The location of the Yalardy exploration licences. Pic: Supplied.

Carbonatites similar to those at Lynas Corporation’s (ASX:LYC) world-class Mt Weld rare earths deposit near Laverton are considered prospective for copper, gold and REEs.

The gravity survey will provide information about the densities of rocks beneath the surface at the project, with carbonatites likely to be more dense than the surrounding rocks.

For Cyclone, that would mean a gravity response at surface.

The results of the survey will be used to evaluate a suitable future drilling program plan for the tenements in the Yalardy area.

Cyclone said a comprehensive, licence-wide regional geochemical survey was also being designed, with REEs, mineral sands and gold the principal objectives.

The gravity survey will begin before the end of the month, while the geochemical survey is planned to start at the beginning of November.

Geochemical sampling over the project area carried out last year identified two REE anomalies at the project – including the Sebastian anomaly about to be tested.

Cyclone was granted the exploration licences for the Yalardy project in May of this year.

Timing ripe for rare earths

Rare earth elements have made international news in recent times thanks to their importance to the magnets and technologies expected to drive the world toward a greener future.

As the name suggests, the term refers to more than one mineral – more on that topic can be found here.

The minerals have been identified across Australia, the US and the EU as critically and strategically important. More than 85 per cent of the world’s supply currently comes from China, according to US think tank the Center for Strategic and International Studies.

That being the case, and with rare earths a critical component of the electric vehicles and wind turbines required for a green future, price forecasts are looking particularly strong.

A good time to be exploring for REEs.


 

 

This article was developed in collaboration with Cyclone Metals, a Stockhead advertiser at the time of publishing.

 

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

The post Cyclone’s eye on Yalardy REE potential as gravity survey looms appeared first on Stockhead.







Author: Special Report

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ASX’s latest kaolin explorer has exciting rare earths potential

Special Report: iTech Minerals has listed on the ASX after raising $7m through its initial public offering to fund exploration … Read More
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iTech Minerals has listed on the ASX after raising $7m through its initial public offering to fund exploration of their Eyre Peninsula kaolin project in South Australia.

Demand for kaolin is strong thanks in part to its potential for conversion into high purity alumina (HPA), which is used in a variety of high-tech applications such as coating porous polymer separators that are used in lithium-ion batteries to improve safety.

iTech Minerals (ASX:ITM) has already completed a detailed review of historical data which confirmed that thick intervals of high purity kaolin are present from surface at the Ethiopia prospect.

However, this is not the only thing of interest that the company found.

The review also found elevated levels of cerium in clay-rich intervals, an indicator that ionic adsorption clay rare earth elements may be present.

This type of mineralisation is rarely found outside of China and is generally considered to be some of the cheapest and most readily accessible sources of heavy rare earths, which has been responsible for the strong interest in companies such as Ionic Rare Earths (ASX:IXR) and Mount Ridley Mines (ASX:MRD).

“The most exciting part of this development is the previously overlooked REE potential at the Ethiopia prospect is complementary to the company’s existing kaolin exploration program and gives us a lot more opportunities for exploration success in our upcoming drilling programs,” managing director Mike Schwarz said.

Location of the Ethiopia prospect. Pic: Supplied

 

Kaolin and REE potential

The company’s review of 10 of the 41 historical aircore holes at the Ethiopia prospect identified thick intervals, up to 24m, of high-purity kaolin clay over an area of about 1km by 1km.

This potential for high-purity alumina at or near surface confirms the company’s belief that the prospect could provide feedstock for HPA and ceramics.

Samples have been resubmitted for kaolinite and halloysite analysis.

iTech added that the 41 historical aircore holes at the prospect were drilled to test a regional radiometric anomaly for its uranium potential.

While drill samples only returned low levels of uranium and thorium, they found significant quantities of cerium, one of the 17 rare earth elements and an indicator that the other more valuable REEs are present.

Importantly for the company, the kaolin sampling test work concentrates the kaolin clays by removing quartz veins from the sample.

This is expected to increase the REE grade as the REEs are bound to the clays.

Adding to this, historical exploration has also identified several REE-rich source rocks near the prospect.

Not only does this increase the likelihood of discovering IAC-style REE deposits, it also opens up the potential for traditional ‘hard rock’ style REE mineralisation.

However, iTech’s focus is on the coincident kaolin and IAC-style mineralisation due to the potential for low cost mining, processing and extraction of both kaolin and REEs from the same source material.

 

Next steps

The company is resampling the remaining 31 aircore holes to further assess the kaolin and REE potential of the Ethiopia prospect, with results expected in late November 2021.

It will also kick off mapping and sampling of the kaolin and REE enriched rocks to the southeast of Ethiopia in early November.

iTech is also undertaking detailed reviews at its Franklyn Kaolin-Halloysite project in the Nackara Arc and the Campoona graphite project on the Eyre Peninsula.

This article was developed in collaboration with iTech Minerals, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

The post ASX’s latest kaolin explorer has exciting rare earths potential appeared first on Stockhead.







Author: Special Report

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Gateway breathes new life into historic Julias gold target

Special Report: Gateway Mining has intersected a large zone of shallow oxide gold mineralisation in air-core drilling at the Julias … Read More
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Gateway Mining has intersected a large zone of shallow oxide gold mineralisation in air-core drilling at the Julias target – within its Gidgee gold project in the Murchison region of WA.  

The Julias target is within a 5km radius of the 240,000-ounce inferred Montague-Whistler gold deposits and immediately north of the previously defined gold mineralisation at Flametree.

New results at Julia include:

  • 13m at 4.0g/t;
  • 3m at 7.2g/t;
  • 14m at 1.1g/t;
  • 7m at 1.6g/t and 1m at 8.6g/t; and
  • 24m at 1.4g/t.

Managing director Mark Cossom said the results supported Gateway Mining’s (ASX:GML) strategy of exploring within this radius in the Gidgee project area.

“Gidgee is quite a big project – it’s 1000 sq km so our strategy is to target and develop these gold deposits within a 5km radius of our existing resource base,” he said.

“We actually drilled at Julias in 2008 and when we went back to look at it, we realised there was potential to build on work already done.

“We’re seeing a strong correlation between these results and previous drilling in this area.”

Building a solid pipeline of targets

Cossom said the company is targeting deposits around the existing resources with the aim to build up the resource base that could potentially become a viable gold operation.

“These outstanding results from air-core drilling have opened up the Julias-Flametree trend as a new priority focus for our exploration team,” he said.

“Achieving broad zones of oxide mineralisation grading up to 8.6g/t is a fantastic result for air-core drilling.

“We are committed to building a strong pipeline of exploration targets within 5km of our existing resources at Gidgee and this new area joins other exciting targets to be systematically evaluated over the next 12 months.

“We have plenty of targets within this radius and plenty to do to work in the short to medium term – but it pretty clear that all these deposits are going to be complementary and work together to take the project forward.”

Pic: Julias air-core drilling hole location.

Mineral resource update for Montague-Boulder

The company is currently working towards a mineral resource update at Montague-Boulder (120,000 ounces gold) to include the Evermore deposit to the north.

“We’re currently putting a new resource statement together – updating the Montague-Boulder mineral resource and completing a maiden resource estimate for Evermore,” Cossom said.

“And we’re working on a maiden resource estimate for another discovery we made earlier in 2020, at a place called Achilles North.

“We expect to finalise those mineral resource estimates during this current December quarter.”

Cossom said the company sees a significant opportunity in the Murchison region as it hasn’t been explored very heavily in the last 20 years. 

We have a unique opportunity and Julias is a great example where we’re exploring for near surface, shallow oxide deposits, which in many parts of WA have already been found and mined and everyone’s moved on,” he said.

“There’s a lot of potential there for Gateway to grow its resources in a systematic way by targeting these shallow, near surface deposits.”

Follow up drilling at Julias-Flametree target

Gateway interprets that Julias extends south into the neighbouring Flametree target zone and plans to systematically drill test the entire 2km.

Cossom said the company is confident that the southern and northern strike extents to mineralisation are also still open, with AC drilling planned in February 2022.

“We’ll be back to follow up the Julias results with the RC rig at some stage,” he said.

“We’re also expecting results in November from RC drilling at the northern end of Achilles and in December we’re planning to RC drill a new target called Kashmir.

“Then we’ve got the resource update pending – so there’s plenty to keep us busy in the near-term.”

 


 

 

This article was developed in collaboration with Gateway Mining Limited, a Stockhead advertiser at the time of publishing.

 

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

The post Gateway breathes new life into historic Julias gold target appeared first on Stockhead.



Author: Special Report

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