Silver Mines (ASX: SVL) stock rose by 30% yesterday.
And that followed huge turnover in that stock last Friday.
The company has the large advanced Bowdens project in NSW. It has a mineral resource of 128 million tonnes at 40 grams per tonne silver, 0.38% zinc and 0.26% lead.
Golden Deeps (ASX: GED) owns ground adjoining Bowdens and last year identified a mineralised trend that continued into its project area. Shares were up 20% yesterday.
Investigator Resources (ASX: IVR) saw a 19.5% lift in the first hours of trade on Monday, again after a big price and volume jump on Friday. The company has the Paris project which it claims to be Australia’s largest undeveloped silver deposit.
Manuka Resources (ASX: MKR) is redeveloping the Wonawinta mine near Cobar, originally opened by the former Cobar Consolidated Resources, and plans to be in production by mid-2021 and, in the second half of this year, become what is describes as Australia’s largest primary producer of silver.
Rimfire Pacific Mining (ASX: RIM) was up 10% on Monday morning, its Sorpresa gold-silver project in northern NSW now obviously gaining some fresh attention.
Mexico gold-silver explorer Mithril Resources (ASX: MTH) saw its shares gain 15% in morning trade.
Mothballed projects:
Azure Resources (ASX: AZS) last year mothballed its silver (and gold) plans in Mexico due to COVID-19 and instead bought projects in Western Australia. Last week, Azure’s latest quarterly noted the Mexico projects remain on care and maintenance “due to the severe and deteriorating COVID-19 situation in that country”.
Up 20% went its shares in Monday morning trade.
Argent Minerals (ASX: ARD) was up more than 24%, and no doubt thanking itself for last year reviving its silver hopes at the Kempfield project in NSW.
But the winner in the morning’s silver trade race was Thomson Resources (ASX: TMZ) which is now in the process of acquiring the Webbs and Conrad projects in NSW. Its stock had risen 42% by just after midday.
(The largest silver producer in Australia will, however, remain to be South32 (ASX: S32) with its Cannington mine in Queensland, where it is mined along with lead.)
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