Top Junior Silver Mining Companies

In a previous post I said I’d talk about some of the smaller silver mining companies.  Here they are.  It’s just a quick list to get you started on your own research.  These are some of the companies that interested me.  They’re all silver-focused and interestingly, they’re almost all Canadian-based.  You’ll see that many of these companies also focus their mining in Mexico.

ECU Silver Mining Inc – (TSX: ECU) – Since 1997, ECU has been working on the Velardena property in Mexico for the last decade, an under-exploited property in central Mexico’s silver belt.  This Canadian company also explores for gold, lead and zinc.

Golden Goliath – (TSX.V: GNG) – Headquartered in Canada (Vancouver) and Mexico, Golden Goliath Resources Ltd. explores and extracts gold and silver from the mountainous region in Northwestern Mexico.  This old mining camp contains mines that produced going all the way back to 1763, during the original Spanish colonial period.  GNG does not pay a dividend, but their share price is super cheap, at $0.24 CAD.

Silver Eagle Mines – (TSX: SEG) – Another Canadian-based company focusing exclusively on silver production.  They have 100% ownership of a property in Zacatecas, Mexico that was also used by the Spanish in the 1500’s.  They also mine two other properties, which lie just north of Sudbury, Ontario (Canada).  SEG does not pay a dividend.  Share price is currently near $0.56 CAD and it has a higher trading volume than GNG.

Silver Fields Resources – (TSX.V: SF) – This company focuses on silver production, also working in the Zacatecas region, but also in British Columbia, Idaho,and Montana – they work on a total of 9 silver properties.  Pays no dividend.  Last traded around $0.10 CAD.

Silvercrest Mines – (TSX.V: SVL) – In addition to Mexico, this Vancouver-based company also produces silver from El Salvador and is looking to expand more into South America in the future.  No dividend; share price was recently at $1.21 CAD.

Sabina Silver – (TSX: SBB) – Headquartered in London, Ontario (Canada) and Thunder Bay, Ontario (Canada), Sabina is one of a few companies exclusively focused on mining in Canada.  They focus on four projects: Hackett River (in the Northwest Territories), Del Norte (BC), Red Lake (Ontario) and Rockstone (Ontario).  To stay up to date, join their email list on their website (not the most user-friendly website (it’s all downloads)).  No dividend; trades infrequently.  Was last at $1.38 CAD.

Sterling Mining – (TSX: SMQ) – This company is over 100 years old and wholly focused on silver production.  Founded in 1903 in Wallace, Idaho — which is where they are still headquartered — Sterling got a breath of fresh air when it acquired the rights to new mines in 2004.  They now mine in Idaho (Silver Valley and Sunshine Mine), Montana (Troy, Rock Creek) and Mexico (also in the Zacatecas district).  Good website, too.  No dividend.  Last traded around $1.00 CAD.

Silvermex Resources Ltd – (TSXV: SMR) – Silvermex is focused solely on silver mining in Mexico, and they have ownership of approximately one ounce per share (29 million ounces and shares).  Headquartered in Vancouver, Canada.  Does not pay a dividend; has extremely low trading volume.  Last traded around $0.72 CAD.

For a longer list of silver producing companies, see the one provided by Junior Miners.

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