Three Junior Miners To Watch For Precious Metals Rally Catch-Up

Industry Overview - Precious metals have shown strong performance in 2023, with gold and silver prices increasing by 39.16% and 42.17% respectively, leading to a significant boost in the sector, exemplified by the Sprott Gold Miners ETF SGDM doubling with a 98% year-to-date rise [1] - Despite the overall positive trend, there are still opportunities within the sector, particularly among junior mining firms that have yet to fully capitalize on current metal prices [1] Company Analysis: Silver One Resources Inc. (SLVRF) - Silver One Resources' flagship project is the Candelaria silver project in Nevada, which historically produced 68 million ounces of silver [4] - Current measured and indicated resources at Candelaria include 66.7 million ounces of silver and 141,400 ounces of gold, with additional resources of 6.46 million ounces of silver and 17,000 ounces of gold [4] - The company has $1.6 million in cash and no long-term debt, providing financial flexibility for drilling and technical studies, with a recent financing round raising $5 million [5] - Silver One has additional holdings in Arizona and Mexico, enhancing its pipeline value, and has strong management with 15.5% insider ownership, indicating confidence in advancing Candelaria [6] Company Analysis: Leviathan Gold Ltd. (LVXN LVXFF) - Leviathan Gold is focused on historic goldfields in Victoria, Australia, particularly the Avoca and Timor projects, which produced over 1 million ounces of gold in the late 1800s [7] - The company has $1 million in cash and no long-term debt, indicating a potential need for financing within the next year, with total shares outstanding having increased by 208% in the last year [8] - Management and directors own 14.7% of Leviathan's stock, with a near-term catalyst being further drilling and an initial resource estimate for the Avoca/Timor projects [9] Company Analysis: Astra Exploration Inc. (ATEPF) - Astra Exploration is advancing the Pampa Paciencia and Cerro Bayo gold-silver projects in northern Chile, an area known for multiple multi-million-ounce discoveries [10] - Recent drilling results include 16.3 meters at 2.3g/t gold and 18.73g/t silver, with metallurgical testing confirming good recoveries [10] - Astra has $2 million in cash and no long-term debt, positioning the company well for ongoing exploration through 2026, with insiders collectively owning 28% of the shares [12]