Summa Silver Corp. (TSXV: SSVR, OTC: SSVRF, FRA: 48X)
Silver Lives Here
The price of silver has risen more than 11% so far in 2025 and reached a yearly high of $34.38 per ounce on 27 March. Silver has the dual attributes of a precious metal and an industrial metal. As the price of gold continues to hit new all-time highs (gold has already surpassed $3,200 per ounce), safe-haven demand will also drive silver prices higher.
Meanwhile, the silver market is in a supply deficit for the fourth consecutive year. Some Canadian silver stocks have generated strong returns for investors in a rising silver price environment. As of 11 April 2025, three silver stocks below see their prices more than doubled.
Year-to-date gain: 185.92 percent
Market cap: C$848.98 million
Share price: C$2.03
Discovery Silver is focused on developing its Cordero silver project in Mexico, while transforming into an integrated gold and silver producer through the acquisition of the Porcupine gold complex in Ontario, Canada. The Cordero silver mine has 327 million tonnes of ore reserves containing 302 million ounces of silver (averaging 29 g/t silver) and 840,000 ounces of gold (grading 0.08 g/t gold), as well as zinc and lead resources.
According to the PEA study, the Cordero project has an after-tax NPV of US$1.18 billion, an IRR of 22% and a payback period of 5.2 years based on silver price of US$22/oz and gold price of US$1,600/oz.
Discovery Silver shares began to rise sharply after the company announced on 27 January that it had entered into an agreement with Newmont to acquire the Porcupine mine in Canada. The company expects the mine to produce 285,000 ounces of gold per year over the next 10 years, with a mine life of 22 years. Discovery’s shares had reached a 31 March high of C$2.12 on 31 March.
Year-to-date gain: 136.36 percent
Market cap: C$16.47 million
Share price: C$0.13
Almaden Minerals is a precious metals exploration company focused on advancing the exploration of the Ixtaca gold-silver deposit in the state of Puebla, Mexico. The deposit was discovered by the Almaden team in 2010 and has been drilled in 500 holes totalling over 200,000 metres.
The July 2018 resource estimate showed measured resources of 862,000 ounces of gold and 50.59 million ounces of silver contained in 43.38 million tonnes of ore, and indicated resources of 80.76 million tonnes of ore containing 1.15 million ounces of gold and 58.87 million ounces of silver at a cut-off grade of 0.3 g/t.
Unfortunately, in April 2022, the Mexican Supreme Court (SCJN) ruled that the initial licences issued in 2002 and 2003 would revert to application status, and these applications were rejected in February 2023, resulting in a standstill in advancing the Ixtaca project. Although the subsequent court case preserved Almaden’s mining rights, the company has yet to reinstate the licences to continue project development.
In its latest update on 21 March, the company said it had filed the requested documents for a claim of $1.06 billion. Almaden’s share price reached a yearly high of C$0.135 on 24 February.
Year-to-date gain: 98.43 percent
Market cap: C$373.48 million
Share price: C$2.52
Avino Silver and Gold Mines is a precious metals mining company with two major silver assets: the producing Avino Silver Mine and the neighbouring La Preciosa project in the Mexican state of Durango. The Avino silver mine produced 1.1 million ounces of silver, 7,477 ounces of gold and 6.2 million pounds of copper last year, up 19 per cent, 2 per cent and 17 per cent year-on-year, respectively, according to its earnings report.
The company is working to advance the La Preciosa project into production. The 1,134-hectare project has measured and indicated resources of 98.59 million ounces of silver and 189,190 ounces of gold based on a February 2023 resource estimate report.
In its earnings results release on 11 March, the company reported record revenues of $24.4 million, a 95% increase compared to 2023, and a 19% increase in turnover in 2024 compared to 2023. Silver sales increased 23 per cent to 2.56 million ounces from 2.09 million ounces in the previous year.
Avino’s share price hit a yearly high of C$2.80 on 27 March.
