From $36 to $130? What the Latest Forecasts Mean for Active Silver Developers

Issued on behalf of Magma Silver Corp.

VANCOUVER – Baystreet.ca News Commentary – Gold usually dominates the conversation in precious metals, but silver is the one stealing headlines in 2025. The white metal has surged nearly 30% year-to-date, recently breaking through the US$36 level to hit its highest price in over a decade. Some industry veterans now believe silver could push even higher — with bold forecasts pointing to US$100 or even US$130 per ounce. That has investors turning their attention to silver miners, especially those showing strong momentum and high-grade results. From exploration-stage juniors to seasoned producers, key updates are rolling in from Magma Silver Corp. (TSXV:MGMA.VN) (OTC-BB:MAGMF), Dundee Precious Metals Inc. (TSX:DPM.TO) (OTCPK:DLPMLF), First Majestic Silver Corp. (NYSE:AG) (TSX:AG.TO), Pan American Silver Corp. (NYSE:PAAS) (TSX:PAAS.TO), and MAG Silver Corp. (NYSE-American:MAG) (TSX:MAG.TO).

With silver now pushing past the $37 mark, market sentiment continues to shift toward bullish territory. UBS recently projected the metal could reach $40 in the coming months, while AI-driven models are forecasting a near-term trading range between $36 and $42 per ounce.

Magma Silver Corp. (TSXV:MGMA.VN) (OTC-BB:MAGMF), just announced a major step forward at its Niñobamba silver-gold project in Peru, confirming that all property payments have been made and every claim is in good standing through at least June 2026. The company has full control of the three contiguous zones — Niñobamba, Randypata, and Jormina, — and is preparing for a diamond drilling campaign planned for Q4 2025. Surface access agreements are already in place for Jormina and Randypata and are being pursued for Niñobamba. Drilling permits are expected later this year.

Ahead of the campaign, Magma is mobilizing Alpha IP geophysical surveys, mapping, and sampling across the property, with near-term focus on high-grade gold zones identified at Niñobamba North.

This latest update underscores a broader thesis: Magma isn’t starting from scratch. It’s building on more than US$10 million in historic work, including drill campaigns, trenching, and metallurgical studies led by Newmont, AngloGold, Rio Silver and Bear Creek.

In fact, Newmont alone drilled over 65 holes at Jormina and even completed an internal pre-feasibility study suggesting the project had potential to host a mid-sized mine. Key intercepts from legacy drilling include 72.3 meters of 1.19 g/t gold and 130 meters of 87 g/t silver — numbers that, until now, hadn’t been systematically followed up with modern modeling or targeting.

The Niñobamba project is located in Peru’s prolific south-central silver belt — a region that has hosted some of the world’s most productive high-sulfidation systems. Magma’s 4,100-hectare land package covers a 6.5-kilometer trend of mineralization, with three zones that appear geologically connected but were never explored holistically under a single operator. The property is unified under a clean, 100%-owned structure — and the company is moving quickly to de-risk the next phase of discovery.

Magma also benefits from a tight capital structure and experienced leadership team. The company has fewer than 34 million shares outstanding, with management and insiders aligned through meaningful ownership. Its board includes technical and capital markets veterans with deep experience advancing precious metal assets in Latin America.

With permits in progress, legacy data in hand, and field programs active, Magma Silver is entering a high-catalyst phase — and doing it with the groundwork already laid.

CONTINUED… Read this and more news for Magma Silver at:

https://usanewsgroup.com/2025/06/04/mining-giants-missed-the-big-prize-a-juniors-back-for-the-precious-metals/

In other industry developments and happenings in the market include:

Dundee Precious Metals Inc. (TSX:DPM.TO) (OTCPK:DLPMLF) has entered into a definitive agreement to acquire Adriatic Metals, a move that would significantly expand Dundee’s footprint in Europe and add the fully constructed, high-grade Vares Silver Project in Bosnia to its portfolio.

“Adding Adriatic’s Vareš operation to our strong asset portfolio creates a premier mining business with a peer-leading growth profile, high-quality development and exploration pipeline and a robust platform to deliver above-average returns,” said David Rae, President and CEO of Dundee Precious Metals Inc. “We are well-positioned to leverage our expertise in underground mining, our regional presence, successful track record of building and ramping up new mines, as well as our strong financial position to further optimize the operation and realize Vareš’ full value potential, based on our analysis.”

The all-share transaction implies a total equity value of C$1.1 billion and is expected to close in Q4 2025. Upon completion, Dundee would hold 55% ownership of the combined company, gaining exposure to silver, zinc, and lead alongside its existing gold assets.

First Majestic Silver Corp. (NYSE:AG) (TSX:AG.TO) recently has confirmed a new mineralized zone west of its Ermitaño deposit at the Santa Elena Mine, highlighting broad gold-silver intercepts over multiple drill holes.

"The past twelve months of our exploration activities at Santa Elena have been outstanding," said Keith Neumeyer, President and CEO of First Majestic. "The Santo Niño discovery marks yet another exciting milestone for the district, and the drilling shows the vein remains open for expansion in most directions. At the same time, step-out drilling at the Navidad Discovery continues to intercept exceptionally high-grade mineralization and expand the resource envelope. Together with the producing Santa Elena and Ermitaño mines, these new deposits confirm Santa Elena as a truly prolific district with tremendous untapped potential. We believe Santo Niño and Navidad will meaningfully extend the mine life and will unlock additional value to the portfolio."

One of the standout results includes 18.7 meters at 2.89 g/t gold and 88 g/t silver, with localized highs reaching 10.45 g/t gold and 272 g/t silver. Meanwhile, at the nearby Navidad Zone, recent drilling extended mineralization up to 400 meters from the initial discovery and confirmed strong continuity. Both zones remain open in multiple directions, with additional exploration already underway.

Pan American Silver Corp. (NYSE:PAAS) (TSX:PAAS.TO) is set to acquire MAG Silver Corp. (NYSE-American:MAG) (TSX:MAG.TO) in an all-share transaction that values the company at roughly C$2.5 billion, or a 24% premium to its prior close. The merger will give Pan American full control of the Juanicipio mine — a Tier 1 silver asset co-owned with Fresnillo and already in commercial production.

“Our acquisition of MAG brings into Pan American’s portfolio one of the best silver mines in the world,” said Michael Steinmann, President and CEO of Pan American. “Furthermore, we see future growth opportunities through the significant exploration potential at Juanicipio as well as MAG’s Deer Trail and Larder properties. This strategic acquisition further solidifies Pan American as a leading Americas-focused silver producer.”

MAG shareholders will receive 0.45 Pan American shares per share held, representing 31% ownership in the combined entity.

“This transaction represents a compelling opportunity for our shareholders, providing an immediate premium and meaningful exposure to Pan American’s world-class assets and proven growth strategy,” said George Paspalas, President and CEO of MAG. “We are proud of what we've accomplished at MAG, particularly our partnership with Fresnillo which has created extraordinary value at the exceptional Juanicipio mine.”

The combined company is expected to produce 50 to 55 million silver-equivalent ounces annually, with improved cost efficiency and a stronger development pipeline. The deal is subject to shareholder and regulatory approvals, with closing targeted for Q4 2025.

Article Source: https://usanewsgroup.com/2025/06/04/mining-giants-missed-the-big-prize-a-juniors-back-for-the-precious-metals/

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