In this article, we will list the 5 Best Silver Mining Stocks to Buy. Please visit 8 Best Silver Mining Stocks to Buy if you would like to see the extended list and the methodology behind it.
5. Newmont Corporation (NYSE:NEM)
Stock Upside Potential: 35.72%
Number of Hedge Fund Holders: 69
Newmont Corporation (NYSE:NEM) is one of the best silver mining stocks to buy. The stock has more than doubled over the past year. After Newmont‘s blowout Q1 2026 results, the Street sees the stock soaring higher. On April 24, BMO Capital boosted its price target on Newmont Corporation (NYSE:NEM) to $145 from $140 while keeping an Outperform rating on the stock. The firm cited Newmont’s strong start to the year and noted that the company is positioned to produce substantial cash flow and deliver solid returns through share repurchases this year.
BMO Capital observed that Newmont’s Q2 2026 production may drop slightly from the Q1 level. However, it noted the company’s efforts to manage costs and increase production in the back half of 2026 and beyond.
Newmont’s Q1 report, released on April 23, showed revenue grew from $5 billion a year ago to $7.31 billion and beat analysts’ expectations of $6.53 billion. Adjusted EPS came in at $2.90, surpassing the forecast of $2.18.
Newmont generated a record free cash flow of $3.1 billion in the quarter, supported by strong production and cost reduction. The company closed the quarter with $8.8 billion in cash and cash equivalents. The board approved an additional $6 billion in the share repurchase program.
Based in Colorado, Newmont Corporation (NYSE:NEM) is an American multinational mining company. Newmont is best known for its gold mining operations, but it also mines silver, zinc, copper, and lead. In addition to the US, Canada, and Mexico, the company operates mines in Australia, Peru, Ghana, and other countries.
4. McEwen Inc (NYSE:MUX)
Stock Upside Potential: 44.59%
Number of Hedge Fund Holders: 16
McEwen Inc (NYSE:MUX) is one of the best silver mining stocks to buy. The stock has soared more than 175% over the past 12 months. This surge has come as McEwen Inc (NYSE:MUX) looks to expand its production over the next few years. On April 15, McEwen Inc (NYSE:MUX) and Iconic Minerals announced that they were activating their 2004 agreement to form a joint venture on a gold mining project in Nevada.
It’s a 50-50 joint venture, so the company will fund project expenditures proportionally to their interests. At the heart of this joint venture is a 2,140-hectare property. It’s called the New Pass gold property, and it’s located in Churchill County, Nevada. The property is along a Carlin-type gold trend around three hours east of Reno. The joint venture’s initial program is exploration drilling. The New Pass property has large deposits of gold and silver.
During its Q4 2025 results release on March 12, McEwen said it was looking to boost its output to 250,000 – 300,000 gold-equivalent ounces by 2030 across its operations. Additionally, the company seeks to lower its costs and lengthen the life of its mines.
McEwen had $51 million in cash and equivalents at the end of 2025, compared to $13.7 million at the end of 2024.
McEwen Inc (NYSE:MUX) is a gold and silver producer. The company is headquartered in Toronto, Canada, and has assets in Canada, the US, Argentina, and Mexico. Its portfolio includes production mines and exploration projects, some wholly owned and others shared.
3. Avino Silver & Gold Mines Ltd (NYSEAMERICAN:ASM)
Stock Upside Potential: 70.04%
Number of Hedge Fund Holders: 11
Avino Silver & Gold Mines Ltd (NYSEAMERICAN:ASM) is one of the best silver mining stocks to buy. The stock has soared more than 190% over the past 12 months.
On April 23, Avino Silver & Gold Mines Ltd (NYSEAMERICAN:ASM) reported its Q1 2026 production results. The report showed that in the first three months of 2026, Avino produced 263,057 silver ounces, 1,851 gold ounces, and 1,343,654 pounds of copper. That combined to a total of 568,112 silver equivalent ounces, the company said.
Commenting on the Q1 production report, Avino CEO David Wolfin said the results provide a strong foundation for the company to deliver on its annual production target. Wolfin added that in light of high silver prices, they expect 2026 revenue to significantly outperform expectations.
The company also reported steady progress at its La Preciosa property, saying it was on track with its production forecast for the year. Avino estimates its mineral reserve to be 127 million silver-equivalent ounces across its Avino and La Preciosa properties. It provided a breakdown of reserve estimates showing 95 million ounces of silver, 356,000 ounces of gold, 85 million pounds of copper.
Avino Silver & Gold Mines Ltd (NYSEAMERICAN:ASM) is a Canada-based mining company that produces silver, gold, copper, and other metals. Its main project is the Avino mine in Durango, Mexico. This mine is a high-grade silver and gold property. Avino Silver & Gold Mines was founded in 1968.
2. Endeavour Silver Corp (NYSE:EXK)
Stock Upside Potential: 79.03%
Number of Hedge Fund Holders: 32
Endeavour Silver Corp (NYSE:EXK) is one of the best silver mining stocks to buy. The stock has gained more than 150% over the past 12 months, and it still has more room to run. On April 9, H.C. Wainwright maintained a Buy rating on Endeavour Silver Corp (NYSE:EXK) stock with a price target of $17, which indicates a huge upside potential to the current stock price.
H.C. Wainwright renewed its bullish stance on Endeavour Silver stock following the release of the company’s Q1 2026 production results. Endeavour produced 1.88 million ounces of silver and 11,740 ounces of gold from its various mines in the first three months of 2026. Combined with base metals output, the company’s total production in Q1 stood at 3.3 million silver-equivalent ounces.
Endeavour CEO Dan Dickson noted that the robust production in Q1 lays a solid foundation for the rest of the year. The executive also highlighted steady performance and improved grades at the company’s Terronera in Mexico.
Endeavour demonstrated a judicious sale of its silver and gold. It said it sold slightly over 1.64 million ounces of silver and 10,942 ounces of gold in Q1. When silver and gold prices weakened at the end of Q1, management decided to temporarily hold bullion inventory.
H.C. Wainwright has highlighted Endeavour’s ability to take advantage of favorable commodity prices.
Canada-based Endeavour Silver Corp (NYSE:EXK) is a mid-tier silver producer. The company operates producing mines in Mexico and Peru. The company’s Guanacevi project in Mexico is located in Durango, and it’s a high-grade silver mine. The company is working to expand its business with exploration projects across Mexico, Chile, and the US.
1. Seabridge Gold Inc (NYSE:SA)
Stock Upside Potential: 150.97%
Number of Hedge Fund Holders: 18
Seabridge Gold Inc (NYSE:SA) is one of the best silver mining stocks to buy. The stock has more than doubled over the past year. On April 27, Seabridge Gold Inc (NYSE:SA) announced that it will spin out its Courageous Lake gold project into a new company called Valor Gold Corp. Shareholders of Seabridge will receive shares in Valor, and a special meeting to approve this plan is scheduled for May 22, 2026, in Toronto.
Seabridge Gold is creating Valor Gold Corp to hold its Courageous Lake project in Canada’s Northwest Territories. All Seabridge shareholders will get Valor shares through a formal arrangement. This move is designed to give Courageous Lake its own identity and allow investors to see its value separately from Seabridge’s larger KSM project.
A special meeting will be held on May 22, 2026, at 10:00 a.m. EDT at the Fairmont Royal York Hotel in Toronto. Shareholders will vote on the spin-out plan. Seabridge’s CEO, Rudi Fronk, explained that Courageous Lake has been overshadowed by the KSM project and deserves its own valuation. By creating Valor, the project can be judged on its own merits. The new company will start with C$10 million in cash to fund exploration and development.
Valor will be led by mining veteran Mark Ashley as CEO, along with a strong management team and board. Ashley said Valor will build on Seabridge’s work and focus on expanding resources at Courageous Lake, aiming to unlock more value for shareholders. The project is one of Canada’s largest undeveloped gold deposits, with significant potential for growth.
Canada-based Seabridge Gold Inc (NYSE:SA) is engaged in the acquisition, exploration, and development of mineral properties. The company says it has one of the world’s largest resource bases of gold, copper, and silver. Seabridge’s principal projects are located in Canada.
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