Industry Overview - Precious metals have shown strong performance in 2023, with gold and silver prices increasing by 39.16% and 42.17% respectively, significantly benefiting the sector [1] - The Sprott Gold Miners ETF SGDM has doubled, rising 98% year-to-date, indicating a robust market for mining stocks [1] - Despite the overall positive trend, junior mining firms have not all capitalized equally, presenting potential investment opportunities [1] Company Highlights Silver One Resources Inc. (SLVRF) - Silver One's flagship project is the Candelaria silver project in Nevada, which historically produced 68 million ounces of silver [4] - Current resources 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 stability for ongoing drilling and studies [5] - Management has significant experience, and insider ownership stands at 15.5%, with Eric Sprott being the largest shareholder at 13% [6] Leviathan Gold Ltd. (LVXN LVXFF) - Leviathan Gold focuses 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 [8] - Management and directors own 14.7% of the stock, with a focus on further drilling and an initial resource estimate for Avoca/Timor [9] Astra Exploration Inc. (ATEPF) - Astra Exploration is advancing the Pampa Paciencia and Cerro Bayo gold-silver projects in northern Chile, with promising drilling results indicating strong grade and tonnage potential [10] - The company has $2 million in cash and no long-term debt, positioning it well for exploration through 2026 [12] - Insiders collectively own 28% of the shares, with Michael Gentile being the largest individual shareholder at 18.1% [12]
Three Junior Miners To Watch For Precious Metals Rally Catch-Up - Astra Exploration (OTC:ATEPF), Silver One Resources (OTC:SLVRF), Leviathan Gold (OTC:LVXFF)
Benzingaยท2025-09-11 10:52