In this article, we will list the 5 Best Junior Silver Mining Stocks to Invest In. Please visit 11 Best Junior Silver Mining Stocks to Invest In if you’d like to see an extended list and methodology behind it.
5. First Majestic Silver Corp. (NYSE:AG)
First Majestic Silver Corp. (NYSE:AG) has significant support from hedge funds, making it one of the best junior silver mining stocks for investors.
Copyright: alexis84 / 123RF Stock Photo
First Majestic Silver Corp. (NYSE:AG)’s first-quarter production update on April 9, 2026, showed a modest year-over-year decline in both silver and gold output. Management, however, stated that operations remain in line with guidance as the company continues to prioritize long-term growth investments.
Meanwhile, during the quarter, the miner produced 3.5 million ounces of silver and 34,341 ounces of gold, alongside additional zinc, lead, and copper output from its four operating mines in Mexico.
The decline was mainly driven by lower ore grades, yet overall results stayed within guidance, thanks to stronger performance at La Encantada, which helped partially offset the shortfall.
First Majestic Silver Corp. (NYSE:AG) advanced its exploration strategy, continuing development work at Jerritt Canyon in Nevada in preparation for a planned restart in the second half of 2027, finishing approximately 66,000 meters of total drilling, and reporting resource growth at key assets during Q1.
That update follows the outlook First Majestic Silver Corp. (NYSE:AG) shared earlier in the year, when it expected 2026 silver production to reach 13.0 to 14.4 million ounces, following a record 2025 output of 15.4 million ounces.
While First Majestic Silver Corp. (NYSE:AG) expects this year’s grades to be lower, it emphasized that higher capital spending, expansion activities at Santa Elena and Los Gatos, along with a 266,000-meter drilling program, will support management’s plans to extend mine life and strengthen long-term value creation.
First Majestic Silver Corp. (NYSE:AG) is a Canadian mining company focused on the acquisition, exploration, development, and production of silver and gold properties in North America. Its main products are silver bullion and gold bullion.
4. OR Royalties Inc. (NYSE:OR)
With significant hedge fund interest, OR Royalties Inc. (NYSE:OR) ranks among the best junior silver mining stocks.
On April 14, 2026, OR Royalties Inc. (NYSE:OR) expanded its long-term precious metals strategy through a streaming agreement with Canadian Copper Inc., furthering its focus on securing low-cost, long-duration exposure in established mining jurisdictions.
As part of the $28 million deal for the Murray Brook and Caribou projects in New Brunswick, OR Royalties Inc. (NYSE:OR) will purchase gold and silver at 20% of spot prices and earn 20% of payable output over the mine’s life. With first production scheduled for 2029, the arrangement, which also includes a $4 million equity investment and rights over future royalties or streams, is expected to support long-term growth in gold-equivalent production.
This latest deal follows two earlier acquisitions this year.
OR Royalties Inc. (NYSE:OR) agreed to acquire Terraco Gold Corp. in February for $168 million in cash. The acquisition is intended to boost the company’s exposure to the Spring Valley Gold Project in Nevada, where first production is anticipated in the first half of 2028.
In the same month, OR Royalties Inc. (NYSE:OR) bought eight royalties for $115 million from Gold Fields affiliates, with a 1.5% NSR royalty on Buenaventura’s San Gabriel mine in Peru serving as the anchor.
The agreements collectively support OR Royalties’ emphasis on superior precious metals properties with visible long-term production growth.
OR Royalties Inc. (NYSE:OR) acquires and manages precious metal and other royalties, streams, and related interests in Canada and internationally.
3. Endeavour Silver Corp. (NYSE:EXK)
Endeavour Silver Corp. (NYSE:EXK) has significant support from hedge funds, making it one of the best junior silver mining stocks.
On April 8, 2026, Endeavour Silver Corp. (NYSE:EXK)’s first-quarter production results reaffirmed the company’s shift into a larger silver producer, with Terronera and Kolpa continuing to reshape the company’s operating profile.
Endeavour Silver Corp. (NYSE:EXK) produced 1.88 million ounces of silver and 11,740 ounces of gold, reporting a total of 3.3 million silver-equivalent ounces. The two properties, Terronera and Kolpa, were primarily responsible for the year-over-year growth. While Kolpa commissioned equipment to increase throughput capacity to 2,500 tons per day despite weather-related setbacks, Terronera continued to ramp up with improving recoveries, anticipating access to higher-grade ore later in 2026.
In addition, Endeavour Silver Corp. (NYSE:EXK) completed the sale of Bolañitos during the quarter and withheld some inventory due to lower metal prices near quarter-end.
This performance is in line with the company’s January guidance, which called for 8.3 to 8.9 million ounces of silver production and 46,000 to 48,000 ounces of gold output in 2026. With full-year contributions from Terronera and Kolpa, that amounts to 14.6 to 15.6 million silver-equivalent ounces.
Earlier, in January, Endeavour Silver Corp. (NYSE:EXK) said that Terronera had reached commercial production on October 1, 2025, providing management with further confidence in its expansion-led development strategy. The company reported a record 2025 production of 11.2 million silver-equivalent ounces.
Endeavour Silver Corp. (NYSE:EXK) is a Canadian mid-tier mining company focused on acquiring, developing, and operating silver-gold mines in the Americas, with projects in Mexico such as Guanacevi, Bolanitos, Terronera, and Pitarrilla.
2. Fortuna Mining Corp. (NYSE:FSM)
Fortuna Mining Corp. (NYSE:FSM) has significant support from hedge funds, making it one of the best junior silver mining stocks.
As of April 17, 2026, Fortuna Mining Corp. (NYSE:FSM) enjoys the confidence of around 75% of covering analysts, who maintain bullish ratings on the stock. The $13.56 consensus price implies roughly 25% upside potential.
So far this year, Fortuna Mining Corp. (NYSE:FSM) has gained around 10%, slightly underperforming the industry, which gained over 20%. Moreover, over a one-year period, the stock remains below the industry’s 110% return after rising over 70% during the same period.
That bullish sentiment aligns with Fortuna Mining Corp. (NYSE:FSM)’s ongoing efforts to combine consistent silver production at Caylloma with broader operational progress and portfolio expansion.
On April 9, 2026, Fortuna Mining Corp. (NYSE:FSM) reiterated its full-year guidance of 281,000 to 305,000 gold-equivalent ounces and reported first-quarter 2026 output of 72,872 gold-equivalent ounces. With 257,603 ounces of silver produced in Q1 2026 (+4% quarter-over-quarter) and a higher average silver grade of 72 g/t, Caylloma continues to play a significant role in shaping the company’s growth narrative.
Additionally, Fortuna Mining Corp. (NYSE:FSM) noted ongoing expansion activities at the Séguéla mine, including mineral resource and reserve estimates expected to be published by May 2026, while advancing the Diamba Sud feasibility study, with delivery expected by mid-2026.
That operational update followed a strong financial performance in 2025.
In February, Fortuna Mining Corp. (NYSE:FSM) reported record free cash flow of $132.3 million for the fourth quarter and $330.0 million for the full year, while closing the year with $704.0 million in liquidity and $381.5 million in net cash, demonstrating strong financial health.
Fortuna Mining Corp. (NYSE:FSM) also produced 966,108 ounces of silver from Caylloma in 2025, maintaining its relevance within a silver-focused investment screen even as its overall portfolio continues to tilt more heavily toward gold.
Fortuna Mining Corp. (NYSE:FSM) is a Canadian-based, mid-tier precious metals producer focused on mining gold and silver, along with lead and zinc by-products.
1. Coeur Mining, Inc. (NYSE:CDE)
With significant hedge fund interest, Coeur Mining, Inc. (NYSE:CDE) ranks among the best junior silver mining stocks.
As of April 17, 2026, over 80% of covering analysts remain bullish on Coeur Mining, Inc. (NYSE:CDE). The $26.50 consensus price target implies a potential upside of over 30%. The stock rose more than 14% so far this year, which is below the industry’s 20% gain.
However, Coeur Mining, Inc. (NYSE:CDE) has risen by more than 230% over the past year, outpacing the industry’s 109% return.
On March 23, 2026, Coeur Mining, Inc. (NYSE:CDE) provided a detailed update on the New Gold acquisition.
Gold production is anticipated to increase to 680,000 to 815,000 ounces of gold, 18.7 to 21.9 million ounces of silver, and 50 to 65 million pounds of copper in 2026, driven by the inclusion of the Maiden K-Zone resource at New Afton and two years of additional mine life at Rainy River.
Additionally, Coeur Mining, Inc. (NYSE:CDE) announced a $1 billion credit facility, a $0.02 semiannual dividend starting in mid-2026, and a $750 million share repurchase program. Management also indicated that free cash flow will be allocated toward exploration activities, capital investments, development of the K-Zone at New Afton, and extending mine life at Rainy River.
That update came shortly after the acquisition deal closed on March 20, 2026, which increased total outstanding shares to approximately 1.03 billion and expanded Coeur Mining, Inc. (NYSE:CDE)’s operating footprint to seven North American mines.
CEO Mitchell J. Kerbs added that the acquisition positions Coeur Mining, Inc. (NYSE:CDE) well to transition toward a senior precious metals producer, with a stronger gold production base, alongside added copper exposure.
Coeur Mining, Inc. (NYSE:CDE) is a U.S.–based precious metals mining company engaged in the exploration, development, and production of gold and silver across multiple operating mines in the Americas.
While we acknowledge the potential of CDE to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CDE and that has 100x upside potential, check out our report about the cheapest AI stock.
READ NEXT: 10 Stocks Under $5 That Will Explode and 10 Best AI Energy Stocks to Buy in 2026.
Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email below.
