Issued on behalf of Magma Silver Corp.
VANCOUVER – Baystreet.ca News Commentary – The price is silver is climbing rapidly, causing Americans to run to their jewelry boxes and coin jars to cash in on the windfall. Since January, silver has risen from $28.92 per ounce to over $36, according to American Hartford Gold. The signal is we’re still at the beginning of a massive silver story, as the metal has hit 13-year highs, which some experts are stating is a generational technical breakout. In terms of investment, experts are pointing once again to silver’s ongoing growing demand in key industrial sectors, and highlighting leading silver mining companies poised to capitalize on the precious metal’s strong price environment. As investors contemplate how to play the silver price’s current surge, miners have been providing plenty of updates, including from Magma Silver Corp. (TSXV:MGMA.VN) (OTC-BB:MAGMF), Capitan Silver Corp. (TSXV:CAPT.VN) (OTC-BB:CAPTF), AbraSilver Resource Corp. (TSX:ABRA.TO) (OTCQX:ABBRF), Americas Gold and Silver Corporation (NYSE-American:USAS) (TSX:USA.TO), and Endeavour Silver Corp. (NYSE:EXK) (TSX:EDR.TO).
Some industry veterans now believe silver could push even higher — with bold forecasts pointing to US$100 or even US$130 per ounce. 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. That has investors turning their attention to silver miners, especially those showing strong momentum and high-grade results.
Magma Silver Corp. (TSXV:MGMA.VN) (OTC-BB:MAGMF), recently highlighted another important milestone at its Niñobamba silver-gold project in Peru. The company confirmed that all required property payments are up to date, with every claim in good standing through at least June 2026. With full control over the Niñobamba, Randypata, and Jorimina zones, Magma Silver is advancing toward a planned diamond drilling campaign in Q4 2025. Surface access agreements are already in place for Randypata and Jorimina, with negotiations ongoing for Niñobamba. Drilling permits for Jorimina and Randypaat are expected in July.
Ahead of drilling, Magma Silver is mobilizing Alpha IP geophysics, mapping, and surface sampling across the property.
What sets this project apart is its foundation. Magma isn’t starting from zero — it’s building on more than US$10 million in historical exploration, including drilling, trenching, and metallurgical work carried out by names like Newmont, AngloGold, Rio Silver, and Bear Creek.
Backed by a strong exploration legacy, the project saw over 65 holes drilled by Newmont at the Jorimina zone alone — enough to support an internal pre-feasibility study that pointed to potential for a mid-sized mine. Highlight results from that era include 72.3 meters of 1.19 g/t gold and 130 meters of 87 g/t silver. Yet despite these promising intercepts, the system hasn’t seen modern targeting or 3D modeling until now.
Located in Peru’s prolific south-central silver belt, Magma Silver’s Niñobamba project sits within a 4,100-hectare land package spanning an 8-kilometer mineralized corridor. The property includes three contiguous zones — Niñobamba, Randypata, and Jorimina — all believed to be part of the same high-sulfidation system. These zones are being explored as a unified, 100%-owned project under one operator.
The company also stands out for its tight share structure and proven leadership. With fewer than 34 million shares outstanding, Magma Silver is strongly held, with insiders and management aligned through meaningful ownership. Its board includes capital markets and technical experts with a track record of advancing precious metals projects in Latin America.
With permits underway, historic data in play, and groundwork accelerating across the field, Magma is entering a pivotal phase — with momentum, experience, and scale already on its side.
CONTINUED… Read this and more news for Magma Silver at:
In other industry developments and happenings in the market include:
Capitan Silver Corp. (TSXV:CAPT.VN) (OTC-BB:CAPTF) has signed a Letter of Intent to acquire seven mineral concessions directly surrounding its Cruz de Plata project in Durango, Mexico. The deal expands the company’s land position by 85% and extends the known silver-gold trend to 3.7 kilometers.
"By consolidating ownership of this highly prospective corridor, we not only expand our exploration footprint by 85%, but also unlock significant development potential with continuity across the district," said Alberto Orozco, President and CEO of Capitan Silver. "This transaction positions the Company strongly for the next phase of growth through further exploration at Cruz de Plata. We're excited to move forward with a more unified and scalable land package."
The acquisition enables full control over a district-scale footprint with clear exploration and development upside.
AbraSilver Resource Corp. (TSX:ABRA.TO) (OTCQX:ABBRF) recently recorded its best gold hit yet at the Diablillos project, with hole DDH 25-024 cutting 31 m of 10.0 g/t gold, including 6 m of 41.9 g/t. The same step-out hole intersected 13 m of 307 g/t silver, confirming high-grade mineralization extends east of the Oculto deposit.
“The spectacular intercepts from hole DDH 25-024 clearly demonstrate the strong potential to expand high-grade mineralization well beyond the existing Oculto deposit,” said John Miniotis, President and CEO of AbraSilver. “With three drill rigs now active across the broader Diablillos land package, we are entering another exciting new phase of exploration growth, aimed at unlocking substantial value for our shareholders, while in parallel with our ongoing Definitive Feasibility Study.”
Three rigs are now turning across the property as the Phase V program advances alongside a Definitive Feasibility Study.
Americas Gold and Silver Corporation (NYSE-American:USAS) (TSX:USA.TO) has closed a US$100 million debt facility to accelerate production growth at its Galena Complex in Idaho. The company recently mobilized a new longhole drill and expanded its underground fleet, aiming to increase silver output and lower costs.
"The Term Loan Facility ensures we have the balance sheet strength to implement our aggressive major growth strategy at the Galena Complex,” said Paul Andre Huet, Chairman and CEO of Americas Gold and Silver. “The US$100 million debt financing is critical to our plans to increase development rates and tonnage mined, and reduce unit costs at Galena. The Term Loan Facility has been strategically structured into three tranches to match the pace of our capital plans for a sustained period of robust production growth.”
These upgrades follow its full acquisition of Galena in late 2024 and align with its goal of generating over 80% of revenue from silver by year-end.
Endeavour Silver Corp. (NYSE:EXK) (TSX:EDR.TO) has reported another strong round of assays from its Pitarrilla project, where over 11,000 metres of drilling have been completed this campaign. Results from both surface and underground have confirmed wide, high-grade silver-lead-zinc intercepts in key feeder structures and the manto horizon.
Standout holes included 247 m of 242 g/t AgEq in the Manto Pitarrilla and over 4,800 g/t AgEq from vein structures at Casas Blancas and Danna. These results validate the company’s targeting strategy and build confidence in the resource model. With permits in hand and infrastructure nearby, Pitarrilla remains central to Endeavour’s long-term silver growth pipeline.
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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