3 Silver Penny Stocks with Substantial Silver Price Leverage

These TSX-listed silver mining stocks could enjoy the greatest leverage to a rising silver price

SmallCapPower | May 12, 2016: Silver prices surged as much as 21% in 2016, at one point surpassing the performance of gold. This has provided a much-needed lift to silver-related equities. Should the silver price continue to rise the stocks on our list today could offer the best bang for the buck.

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SciVacFortuna Silver Mines Inc. (TSE:FVI) – $8.48
Diversified Mining

Fortuna Silver Mines Inc. (Fortuna) is a Canada-based mining company, which is engaged in silver mining and related activities in Latin America, including exploration, extraction and processing. The Company operates the Caylloma mine and the San Jose mine. Caylloma is an underground silver, lead and zinc mine located in southern Peru, in the Arequipa Department. San Jose is an underground silver-gold mine located in southern Mexico in the State of Oaxaca.

  • Market Cap: $1.1 Billion
  • Mean Silver Production (oz): 6,800,000.00
  • Revenue (USD, FY15): $154,729,000

SciVacEndeavour Silver Corp. (TSE:EDR) – $4.76
Non-Gold Precious Metals & Minerals

Endeavour Silver Corp. is a mineral company engaged in the evaluation, acquisition, exploration, development and exploitation of metal properties in Mexico and Chile. The Company’s operating mining segments include Guanacevi, Bolanitos and El Cubo, which are located in Mexico. Its exploration projects include Guadalupe y Calvo, a silver-gold exploration project; Parral Mine, which is located over 210 kilometers south of the city of Chihuahua, Mexico; Terronera, which is located 40 kilometers northeast of Puerto Vallarta in the Jalisco, Mexico, and Lourdes, which is located over 40 kilometers northeast of the city of Guanajuato.

  • Market Cap: $527.76 Million
  • Mean Silver Production (oz): 2,514,600.00
  • Revenue (USD, FY15): $183,556,000

SciVacAmericas Silver Corp. (TSE:USA) – $0.37
Non-Gold Precious Metals & Minerals

Americas Silver Corporation, formerly Scorpio Mining Corporation, is a Canada-based silver mining company focused on growth in precious metals from its existing asset base and execution of focused accretive acquisitions. The Company owns and operates the Cosala Operations in Sinaloa, Mexico and the Galena Mine Complex in Idaho. In Sinaloa, Mexico, the Company operates the 100% owned producing Nuestra Senora silver-zinc-copper-lead mine located in the Cosala District. In Idaho, the Company operates the 100% owned producing Galena Complex.

  • Market Cap: $125.81 Million
  • Mean Silver Production (oz): 2,417,215.62
  • Revenue (USD, FY15): $53,450,000

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