1) Andean Silver. Restarting their Cerro Bayo mine (Chile) in Q1 2028. Fully permitted with a 1650 tpd mill that was producing 5M oz in 2022. They have 110M oz at 400 gpt AGEQ. Plus, the exploration potential is astonishing. They have 150 drill pads ready to install.

I liked the management team, which has a strong Aussie Team. They have strong insiders, but it might not be enough to fight off the sharks. This might be the most undervalued silver development story.

2) Cassiar Gold. They have pivoted to development, and are no longer an exploration company. They think their Taurus project (British Columbia) has 4M+ oz (currently 2.5M at a .35 cutoff). That is potentially 200K/yr production, although construction is at least 5 years away.

Their second project in the South has a high-grade 100K oz deposit at 20 gpt, with a permitted 300 tpd mill. It was already refurbished, and only needs another $5M to be ready. At 15 gpt, that is 45K/yr, which is around $100M/yr FCF. Its current FD mkt cap is $70M. If they can triple the size of this deposit, they can fund development in the North.

They have strong insiders, but the sharks will circle. This one is very cheap.

3) Rua Gold. Their first mine has 500K oz and is likely to reach 1M oz. They plan to mine 60K oz. Then they have several more similar past producing mines on their large Reefton property in New Zealand. All they have to do is drill down (the Oldtimers could only mine so deep). The first mine alone is worth 3x to 5x their current mkt cap. The key here is how easy it is to permit in New Zealand (currently only 18 months).

Strong insiders. I think they can fight off the sharks. Strong Aussie Team.

Potential 20+ Bagger at $6500 gold / $150 silver

 

Andean Silver (Production in Q1 2028).

Blue Lagoon Resources (New producer in Canada. Excellent production growth potential).

Cassiar Gold (Pivoting to development. Long-term development project).

Denarius Metals (Growing production in Colombia).

Lahontan Gold (Production likely in 2027).

Rua Gold (Production in H1 2028).

Silver One Resources (PFS due in 2026. Planning to build the mine).

Silver Tiger Metals (Production in 2027).

Spanish Mountain Gold (Construction planned for 2028. Planning to build the mine).

Potential 10+ Bagger at $6500 gold / $150 silver

 

1911 Gold (Production in 2027).

Avino Gold & Silver (Organic growth to 8M oz AGEQ).

McFarlane Lake Mining (5M oz in Ontario, growing to 7M to 10m. Mkt $60m).

Norsemont Mining (PEA due in 2026. Planning to build the mine).

Santacruz Silver (Adding 200 tpd at Soracaya in Q4 2026, then ramping up in 2028).

Scottie Resources (Production in 2028).

Silverco Mining (Production in 2026).

Silver Storm Mining (Production in 2026)

Talisker Resources (Production growth to 100K in 2028, and 200K by 2032).

Vista Gold (Construction-ready expected in 2027).