In this article, we will list the 5 Most Undervalued Silver Mining Stocks to Buy Now. Please visit 9 Most Undervalued Silver Mining Stocks to Buy Now if you’d like to see an extended list and how we came up with the list of most undervalued silver mining stocks to buy now.

5. Silvercorp Metals Inc. (NYSEAMERICAN:SVM)

Silvercorp Metals Inc. (NYSEAMERICAN:SVM) trades at a forward P/E of 9.81x, securing its place on our list of the most undervalued silver mining stocks to buy now. Meanwhile, analysts see 38.00% upside for the stock.

A major reserve upgrade at its flagship Chinese operation gives Silvercorp a meaningful boost to its long-term production outlook.

On June 12, 2026, Silvercorp Metals Inc. (NYSEAMERICAN:SVM) released an updated technical report for the Ying Mining District in Henan Province, China, with an effective date of December 31, 2025.

The report, prepared independently by AMC Mining Consultants, showed proven and probable mineral reserves of 19 million tons grading 174 g/t silver, containing 106 million ounces of silver, 107 thousand ounces of gold, 472 thousand tons of lead, and 150 thousand tons of zinc. Compared to the June 2024 technical report, total reserve tons increased 50%, with contained silver, gold, lead, and zinc rising 20%, 52%, 16%, and 22%, respectively. Measured and indicated mineral resources also expanded sharply, with tons up 90% and contained silver and gold rising 37% and 62%, respectively.

The updated report reflects both active mine depletion and significant resource conversion, aided by lower cut-off grades applied in response to a higher silver price assumption of $28 per ounce versus $21 per ounce in the prior report.

The Ying Mining District is planned for a 17-year mine life through 2042, with annual ore production projected to rise from approximately 1.2 million tons in fiscal 2026 to over 1.6 million tons by fiscal 2029. At a 5% discount rate, the report projects pre-tax and post-tax NPVs of $1.275 billion and $1.030 billion, respectively. Silver is expected to account for 69.3% of net revenue over the life of mine.

Silvercorp Metals Inc. (NYSEAMERICAN:SVM), based in Canada, is a China-focused silver mining company. It is China’s top primary silver producer. It also produces other metals, including gold, lead, and zinc. Silvercorp has exploration and development projects in other countries outside China. The company was founded in 1991.

4. Coeur Mining, Inc. (NYSE:CDE)

With a forward P/E of 8.77x, Coeur Mining, Inc. (NYSE:CDE) ranks among the most undervalued silver mining stocks to buy now. Meanwhile, analysts see 66.30% upside for the stock.

Recent developments, including a Scotiabank analyst resuming coverage, record Q1 results, and the closing of a transformative acquisition, all indicate a materially larger and more cash-generative Coeur Mining, Inc. (NYSE:CDE).

On June 12, 2026, Scotiabank analyst Eric Winmill resumed coverage of Coeur Mining, Inc. (NYSE:CDE) with an “Outperform” rating and a $27.50 price target. Winmill told investors that following a series of strategic acquisitions and expansions, Coeur’s consolidated production is on track to surpass 1 million gold-equivalent ounces in 2026, which the firm expects to drive free cash flow of more than $2 billion at spot prices for the year.

That view is grounded in a strong Q1 2026 showing.

On May 6, 2026, Coeur Mining, Inc. (NYSE:CDE) reported record quarterly results, with revenue of $856 million, record EBITDA of $475 million, up 12% quarter-over-quarter and nearly fourfold year-over-year, and free cash flow of $267 million, even after absorbing more than $200 million in quarter-specific and one-time items. Silver production rose 18%, and gold production climbed 11% year over year.

Management reaffirmed full-year guidance of more than $3 billion in EBITDA and $2 billion in free cash flow, noting those projections assume only partial contributions from the newly acquired New Afton and Rainy River mines. Cash and equivalents grew nearly elevenfold over the past year to $843 million.

The Q1 results included just eleven days of contribution from those assets, which came to Coeur Mining, Inc. (NYSE:CDE) via the completion of its New Gold acquisition in March 2026. Under the deal, New Gold shareholders received 0.4959 Coeur shares per share, with Coeur issuing approximately 392.7 million new shares, bringing shares outstanding to roughly 1.03 billion post-close.

Coeur Mining, Inc. (NYSE:CDE) is a gold and silver producer in the U.S., Canada, and Mexico. The company explores for gold, silver, zinc, lead, and other related metals. It markets and sells its concentrates to third-party customers, including refiners and smelters, under off-take agreements.

3. Kinross Gold Corporation (NYSE:KGC)

Kinross Gold Corporation (NYSE:KGC) carries a forward P/E of 8.55x, securing its place on our list of the most undervalued silver mining stocks to buy now. Meanwhile, analysts see 66.20% upside for the stock.

On June 9, 2026, Jefferies named Kinross Gold Corporation (NYSE:KGC) among four Buy-rated mining stocks it sees as well-positioned to benefit from a sharp rise in global copper prices, alongside Barrick, Endeavour Mining, and Capstone Copper. The brokerage hiked its copper price forecasts on the back of strong demand from a U.S. capital expenditure cycle centered on data centers and power infrastructure, combined with structural supply deficits.

For Kinross Gold Corporation (NYSE:KGC) specifically, Jefferies estimated total gold equivalent sales of 2,102 thousand ounces for full-year 2026 and set its 2026 EPS estimate at $3.43, while flagging operational disruptions, negative earnings revisions, and sector-wide valuation compression as key risks.

That followed a June 1, 2026, price target increase from BofA analyst Lawson Winder, who raised the firm’s target on Kinross Gold Corporation (NYSE:KGC) to $46 from $43.50 while keeping a “Buy” rating, citing updated estimates.

Earlier, on May 18, 2026, Freedom Broker upgraded Kinross Gold Corporation (NYSE:KGC) to “Buy” from “Hold,” lifting its price target to $38 from $13.50. The firm described Q1 as a clean, high-quality beat and called the Great Bear project the most important unpriced option in Kinross’ portfolio.

Based in Canada, Kinross Gold Corporation (NYSE:KGC) is involved in the production, exploration, acquisition, and development of gold properties. Its operations are divided into the following business segments: Tasiast, Paracatu, La Coipa, Fort Knox, Round Mountain, Bald Mountain, and Corporate & Other.

2. SSR Mining Inc. (NASDAQ:SSRM)

With a forward P/E of 5.96x, SSR Mining Inc. (NASDAQ:SSRM) ranks among the most undervalued silver mining stocks to buy now. Meanwhile, analysts see 65.20% upside for the stock.

On June 3, 2026, RBC Capital analyst Josh Wolfson upgraded SSR Mining Inc. (NASDAQ:SSRM) to “Outperform” from “Sector Perform,” trimming the price target to $40 from $45.

Wolfson said SSR Mining Inc.’s (NASDAQ:SSRM) portfolio has shifted to a Canada- and U.S.-focused profile, a profile that commands a higher valuation premium. He noted that SSR Mining completed two major transactions in the first half of 2026, effectively exiting Turkey as a jurisdiction. Once completed, Canada and the U.S. will represent 88% of net asset value and 79% of EBITDA, with revenue almost entirely tied to precious metals. RBC said that the mix usually draws a higher valuation, yet SSR Mining still trades at a discount to peers while generating higher free cash flow.

That shift traces back to two agreements.

On May 18, 2026, SSR Mining Inc. (NASDAQ:SSRM) agreed to sell its 20% stake and operator role in the Hod Maden project to Lidya Mines for an uncapped 4.0% net smelter return royalty (NSR). Royal Gold, also a project partner, will sell part of its stake to Lidya Mines for a 2.5% NSR and keep certain consent rights over SSR Mining’s royalty.

That followed the late March 2026 agreement to sell SSR Mining Inc. (NASDAQ:SSRM)’s 80% stake in the Çöpler mine in Turkey to Cengiz Holding for $1.5 billion in cash. Both deals are expected to close in the third quarter of 2026, pending regulatory approval from Turkish authorities.

SSR Mining Inc. (NASDAQ:SSRM) is a metals mining company that has assets in four jurisdictions: the USA, Turkiye, Canada, and Argentina. It is involved in the acquisition, exploration, operation, and development of precious metal resource properties.

1. Contango Silver & Gold Inc. (NYSEAMERICAN:CTGO)

Contango Silver & Gold Inc. (NYSEAMERICAN:CTGO) carries a forward P/E of 2.02x, securing its place on our list of the most undervalued silver mining stocks to buy now. Meanwhile, analysts see 139.20% upside for the stock.

On May 26, 2026, Contango Silver & Gold Inc. (NYSEAMERICAN:CTGO) announced the start of its 2026 Kitsault Valley surface drill program.

Three diamond drills are currently active, focused on infill and resource expansion at the Torbrit and North Star deposits, with two more drills expected online within the week. The full program calls for roughly 40,000 meters of drilling, largely aimed at infill and resource expansion across the Dolly Varden deposits (Torbrit, North Star, and Dolly Varden), the Wolf deposit, and the Homestake Ridge deposits (Homestake Main and Homestake Silver). About 10,000 meters of exploration drilling will be targeted elsewhere across the company’s land package in British Columbia’s Golden Triangle.

The drilling is meant to support a new resource update and a preliminary economic study, expected in the first half of 2027.

Rob van Egmond, Contango Silver & Gold Inc. (NYSEAMERICAN:CTGO)’s VP Exploration for Canada, said drilling will start at the Dolly Varden deposits and Wolf before moving north to the Homestake Ridge deposits later in the season. He pointed to the discovery of Torbrit-style mineralization at Wolf late in the 2025 season, where drill hole DV25-470 returned 518 grams per ton silver, 0.19% lead, and 0.34% zinc over 0.52 meters, within a broader zone grading 66 grams per ton silver, 0.12% lead, and 0.19% zinc over 12.45 meters, including native silver. Van Egmond called it a kilometer-scale opportunity for further testing.

Contango Silver & Gold Inc. (NYSEAMERICAN:CTGO) explores for gold and minerals in Alaska and British Columbia’s Golden Triangle, holding a 30% stake in the Peak Gold JV, plus interests in the Johnson Tract, Lucky Shot, and Kitsault Valley properties.

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