In this article, you are going to discover five heavily undervalued silver mining stocks that are trading under five cents. I covered these stocks on my YouTube channel earlier this year but posting the updates on those silver mining companies here today.
I believe these undervalued silver stocks offer a great investment opportunity but remember never to spend all your money on one stock and build a portfolio of at least 5 stocks depending on the available capital also keep in mind that I am not a financial advisor. I am just sharing my thoughts and experiences to open up your minds towards your journey to financial freedom.
With my experience in the stock market and the mining sector, I feel that it’s time to accumulate stocks of good mining companies because both gold and silver have been staying strong and may soon break their resistance. On the other hand, gold and silver mining stocks are dirt cheap. Even the best companies are selling at a huge discount. You don’t need to go far back to see how the gold and silver stocks behave when the market sentiment turns bullish. In March 2020, many silver and gold stocks went up by 1000%. See these charts for reference. I bought a bunch of gold and silver stocks way before the sudden unexpected 2020 market crash in November 2019 and missed the opportunity to buy the stocks at their lowest price. But still, my portfolio was up by more than 200% during that bull run.
So, the bull ride is going to be very bumpy and there are opportunities for both long-term and short-term. So, make your plans based on your investing style and comfort level. David Hunter mentioned in his video that the upcoming stock melt-up that is imminent soon will cause gold to go north in the $3000 range and silver to the $60 range. That kind of move alone can make most of the silver and gold stocks go up by around 200% and some of them will be 10x like during the 2020 bull run.
David Hunter also forecasted a huge and long commodity cycle that will start in 2024 after a big stock market crash and this aligns with Lynette Zang and other industry experts who are bullish on the gold and silver mining sector.
So, I am spending countless hours researching the mining stocks so we can get the best deals before everyone else wants to buy because that’s how you minimize the losses and maximize the gains. If you are still hearing my voice, give this video a thumbs up and subscribe to this channel to receive more videos on the relevant topics.
Now, the five lowest market-cap silver mining stocks that are hugely undervalued and trading under five cents.
Klondike Silver Corp
Klondike Silver Corp. is listed on the TSX Venture Exchange under the symbol KS.
The company today at the close of November 15th was trading at 2.5 cents and has a market cap of 6.7 million dollars. It reached the peak price of 33.5 cents in January 2021.
Klondike Silver primarily owns a 100% interest in the Slocan Silver camp that covers an area of approximately 116 square kilometers located in south-eastern British Columbia.
Slocan Silver camp includes the past-producing Silvana, Wonderful, and Hinckley Mines, together with other past-producing mines and exploration properties. 68 of 173 past-producing mines are located on Klondike Silver’s Slocan land package. These 68 mines processed 2.1 million tons of ore, including silver 40.4 million ounces, lead 349 million pounds, and zinc 159 million pounds.
The Silvana Mine was the largest of the 68 historical producers in the Klondike Silver land package: Over 500,000 tons of rock were processed yielding 7.8 million oz silver, 63.3 million pounds lead, and 58 million pounds zinc. The average Silvana production grade was 13.87 oz/ton of silver, 5.62% lead, and 5.15% zinc.
The 2022 drill program is underway As per their news release on June 22, 2023. The Company is exploring from underground, the western extension of the Silvana Mine, along the “Main Lode”. The “Main Lode” is a 9 km vein structure which is the most prolific mineralized structure in the Slocan Mining Camp.
Klondike Silver has drilled Five holes and Four of the holes intersected the Main Vein structures. Core logging is underway. Intervals of core have been marked for sampling; and will be sent to an independent lab for analyses.
Orex Minerals is listed on the TSX Venture Exchange under the symbol REX and ORMNF in OTC markets.
The stock of Orex Minerals last traded at 15.5 cents and has a market cap of 2.9 million dollars. The three-year high price of Orex was $3. During the 2016 bull market, it reached the peak price of $13.8, and during the 2008 to 2011 bull market, the stock traded above 20 dollars. Orex Mineral has a low float of 18.74 M shares which was a result of a 10 to 1 consolidation in September 2023.
Orex Minerals has a strong portfolio of assets in Mexico and Canada which are operated either independently, or with major joint venture partners.
The Sandra Silver-Gold Project, a joint venture between Pan American Silver Corp. (60%) and Orex Minerals (40%), is located in the heart of the “Mexican Silver Trend” in northwestern Durango State, Mexico. This prolific trend hosts some of the world’s largest silver camps and deposits, including Fresnillo, Guanajuato, La Pitarrilla, La Preciosa, Real de Angeles, and Zacatecas. Orex Minerals completed the Phase One reconnaissance exploration drilling program in October 2022. Phase one consisted of 2,665 meters in 8 diamond drill holes.
The Coneto Silver-Gold Project (a joint venture with Fresnillo) is adjacent to the village of Coneto de Comonfort, centrally positioned within the “Mexican Silver Trend”, approx. 100 km north of the city of Durango, Mexico.
Its Jumping Josephine Gold Project is located 30 km west of Castlegar and 30 km north of the mining district of Rossland, in the West Kootenay region of British Columbia, Canada.
Mr. Eric Sprott beneficially owns and controls 3.7 million shares of Orex representing approximately 19.6% of the outstanding shares on a non-diluted basis. The securities are held for investment purposes. Mr. Sprott has a long-term view of the investment. Furthermore, 4.45% of the float is held by institutions and 21.38% by the insiders which means that there is a huge interest in Orex Minerals.
Bayhorse Silver is listed on the TSX Venture Exchange under the symbol BHS and BHSIF in OTC markets.
The stock last closed at 3.5 cents with a market cap of 8.94 million dollars. When I shared Bayhorse Silver in my video in September, the stock was trading at 1.5 cents and had a market cap of 3.75 million dollars. It has gained a bit and that’s just the beginning. I am expecting it to trade much higher at least to its peak price of 26 cents in May 2021.
Bayhorse Silver Inc. is an exploration and production company with a 100% interest in the Bayhorse Silver Mine Property located in Baker County, Oregon, USA.
The Company also holds an option agreement to acquire an 80% interest in the Brandywine project located in British Colombia, Canada.
According to Bayhorse Silver’s news release in June 2022, The drill hole intersected 2.75 meters (9ft) of strong silver mineralization, of which 0.92 meters (3 ft) graded 1,771.58 g/t Ag (51.75 oz/t).
With state-of-the-art Steinert Ore-Sorting technology reducing waste rock entering the processing stream by up to 85%, the company has created a minimum environmental impact facility capable of mining 200 tons of mineralization per day and the ability to process and supply 3,600 tons per year of silver copper concentrate ranging between 7,500 to 15,000 g/t at its milling facility in nearby Payette County, Idaho, USA, with an offtake agreement in place with Ocean Partners UK Limited.
Bayhorse Silver has been mining silver at their Bayhorse Silver Mine from an inferred NI 43 101 resource of 292 thousand short tons at an average grade of 21.65 troy ounces per ton silver for a total contained silver of 6.33 million ounces. The mineralized material contains significant amounts of copper and zinc.
Silver Spruce Resources, Inc.
Silver Spruce Resources, Inc. with the ticker SSE listed on the TSX Venture Exchange and SSEBF in the US last traded at one cents and has a market cap of 2.88 million dollars.
Silver Spruce Resources Inc. has signed definitive agreements to acquire 100% of the Melchett Lake Zinc-Gold-Silver project in northern Ontario, 100% interest in the Mystery gold project near recent discoveries by Sokoman Minerals Corp. and New Found Gold Corp. among others in the Exploits Subzone Gold Belt, Newfoundland and Labrador, 100% interest in the Pino de Plata Silver project located 15 kilometers west of Coeur Mining’s Palmarejo Mine in western Chihuahua, Mexico and up to 50% interest in Colibri Resource’s Diamante Gold-Silver project located in Sonora, Mexico. Silver Spruce recently signed a 50:50 joint venture agreement with Colibri on the nearby Jackie Gold project.
Silver Spruce completed further gold grain in till sampling and soil geochemical sampling in January 2023.
Greg Davison, Silver Spruce Vice-President Exploration and Director said that widely-spaced gold grain in till sampling frequency, size, and shape distribution data have identified anomalous sites with >20 gold grains on each of the three Properties, Marilyn, Till East, and Mystery.
The company completed the Phase 1 exploration drilling program on the Diamante property in 2022 and intersected 257.6 g/t Ag Eq over 12.0 meters at El Pillado and 312.8 g/t Ag Eq over 9.0 meters at La Prieta.
Rio Silver is a Canadian junior mining company focused on advanced-stage precious metal projects in Peru. It’s listed on the TSX Venture Exchange under the symbol RYO and RYOOF in OTC markets.
Rio Silver today closed at two cents and has a very low market cap of 1.7 million dollars. This stock has been on my watch list for a long time and after checking their recent corporate presentation and latest interviews I feel that Rio Silver is a great investment opportunity in anticipation of an increasingly more favorable precious metal bull market. During the 2008 to 2011 bull market, the stock price of Rio Silver reached $1.65.
Chris Verrico, President and CEO of Rio Silver in a recent interview said that payday is coming soon as the diamond drills are set to start turning at their 100% owned flagship Niñobamba Silver-Gold Project in Peru. Chris also provided an update on an upcoming NI 43 101 for Niñobamba and continuing work at the Palta Dorado joint venture property with Peruvian Metals.
Ninobamba Project hosts two discreet precious metal deposits at opposite ends of an 8 km prospective corridor in a prolific precious metals hosting geological belt in central Peru. The Company has modeled two world-class resource targets where previously the Company, Newmont Mining, and others have spent upwards of US$10 million evaluating this mineralized trend. The silver-rich Ninobamba “Main Zone and South Zones” are drill-ready and the Company’s geologists have targeted the near-surface, silver, and gold mineralization as a potential open pit. At the other end of this trend is the Jorimina Gold Zone which was the primary focus of the Newmont exploration.
If you want me to cover other mining companies or know any other gold and silver mining stocks with a low market cap share in the comments below.