Silver is a precious metal with a wide range of industrial, medical, and decorative uses. It is also a popular investment asset, with demand for silver often influenced by changes in the global economy and market trends.
If you are considering investing in silver, it is important to research the different options available and choose silver mining companies that aligns with your investment goals and risk tolerance. In this article the Financial Star will take a look at some of the most popular silver mining stocks among investors, and what sets these companies apart from the rest.
What’s a Silver Royalty Company?
We want readers to know about why they should invest in a silver royalty company. A silver royalty company is a type of investment company that provides financing to mining companies in exchange for the right to receive a percentage of the revenues generated from the sale of the metal. Silver royalty companies offer investors the opportunity to participate in the silver mining industry without the risks and costs associated with owning and operating a mine. Some popular silver royalty companies include Silver Wheaton and Franco-Nevada.
Fortuna Silver Mines
Fortuna Silver Mines is a Canadian company that operates silver and gold mines in Latin America. The company’s flagship asset is the San Jose Mine, a high-grade silver and gold mine located in Oaxaca, Mexico.
Fortuna Silver Mines also operates the Caylloma Mine in Peru, which produces silver, lead, and zinc, and the Lindero Project in Argentina, which is a gold project in development. In 2020, the company produced a total of 13.9 million ounces of silver and 88,873 ounces of gold.
Fortuna Silver Mines is known for its commitment to sustainability and responsible mining practices, and it has received numerous awards for its environmental and social responsibility efforts. Fortuna Silver Mines is a trend-setter in the industry, and believed to be a good buy due to how cheap the stock is, and their high-growth potential due to frequent acquisitions
Mag Silver Mines
Mag Silver Corporation is a Canadian mining company that focuses on the exploration, development, and production of silver. The company’s primary asset is the Juanicipio property, a joint venture with Fresnillo PLC located in the Fresnillo Silver Trend in Zacatecas, Mexico.
The Juanicipio property is a high-grade silver and gold project that is currently in the development stage. MAG has a market cap of 1.63 billion and is scaling their silver mining business, producing more than they have before. Mag also participates in silver exploration.
These are two of the most popular silver mining stocks heading into 2023, and as always be responsible when it comes to investing.