Issued on behalf of Magma Silver Corp.
VANCOUVER – Baystreet.ca News Commentary – Silver is looking to breakout in what technicians describe as a generational technical breakout. Now as the precious metal battles with the psychological threshold of the $40 level, analysts are predicting silver is looking to break out. Now as experts from the Bank of America are stating that silver could be a smarter investment than gold this year, and beyond, the market is beginning to turn some of its attention toward silver miners, including Magma Silver Corp. (TSXV:MGMA.VN) (OTC-BB:MAGMF), Kootenay Silver Inc. (TSXV:KTN.VN) (OTCQX:KOOYF), GR Silver Mining Ltd. (TSXV:GRSL.VN) (OTC-BB:GRSLF), Defiance Silver Corp. (TSXV:DEF.VN) (OTCQX:DNCVF), and Silvercorp Metals Inc. (NYSE-American:SVM) (TSX:SVM.TO).
Right as gold prices dipped following a three-day rally, silver has begun to rally. Pegged by Sprott Asset Management to have more upside potential, silver is now being presented as a unique opportunity to participate for investors. Also considering silver’s structural supply crisis, experts are pointing out that the current market conditions have created exceptional investment opportunities in the mining sector.
Magma Silver Corp. (TSXV:MGMA.VN) (OTC-BB:MAGMF) has secured full community access rights to its Jorimina and Randypata deposits in Peru, clearing the path for immediate exploration. The agreement with the Comunidad Campesina De Tunsulla is now in good standing through the 2025 season and into 2026, allowing the company to finalize its summer exploration plan and begin groundwork.
"A community access agreement is the foundation for all exploration in Peru and the importance of obtaining and maintaining these agreements and continuously striving to ensure a harmonious and mutually beneficial relationship with the local community members cannot be overstated,” Stephen Barley, Chairman and CEO of Magma Silver. “This is their land, and we are being allowed the privilege of exploring and developing the property. We will endeavor to treat the land and local communities with the utmost care and respect at all times."
These deposits saw over CAD$10 million in historic exploration by Newmont, which reported promising results from both surface sampling and drilling—including highlights like 17.4 metres of 3.06 g/t gold and 128 metres of 1.31 oz/t silver from the Jorimina deposit.
This milestone follows Magma’s recent expansion into Peru, where it has launched a Lima office and assembled a seasoned in-country team to accelerate its 4,100-hectare Niñobamba silver-gold project. The project is underpinned by three contiguous deposits— Main, Randypata, and Jorimina—which are believed to form a single large-scale high-sulfidation system. The company’s strategy now hinges on applying modern targeting techniques to ground that was already tested by majors like Newmont and AngloGold.
“Magma has established a first-class operating team in Peru,” said Barley. “We have successfully created the team in record time, thanks to the guidance of Jeffrey Reeder, our Senior Technical Advisor, and his extensive experience in mining operations in Peru, spanning over 30 years. “
Veteran geologist and mine builder Carlos Agreda Minaya takes over as General Manager, backed by legal counsel Dentons, environmental specialist Ecosoul, and field expert Edgar Leon Choque, all working toward drill permits for the Jorimina and Randypata deposits that could arrive this month.
“The establishment of an experienced operations team we can trust will make a significant contribution to our success in Peru,” said Stephen Barley, CEO and Chairman of Magma Silver. “Peru is a sophisticated, mining-friendly jurisdiction with detailed regulatory requirements that must be strictly adhered to. The experienced team we are involved with will ensure smooth operations for Magma.”
Veteran geologist Carlos Agreda Minaya has been appointed General Manager, leading a team supported by Dentons for legal, Ecosoul for environmental work, and Edgar Leon Choque in the field. Surface access is already secured for Randypata and Jorimina, while discussions for Main are underway. The company expects to receive drill permits soon, with a diamond drilling campaign targeted for Q4 2025. In parallel, mapping, and surface sampling are underway to refine targets.
Magma’s share structure remains tight, with just over 34 million shares outstanding and all claims secure through at least mid-2026. As the company shifts from planning to execution, it offers new investors exposure to a well-positioned exploration play in one of South America’s most mining-friendly jurisdictions.
CONTINUED… Read this and more news for Magma Silver at:
In other industry developments and happenings in the market include:
Kootenay Silver Inc. (TSXV:KTN.VN) (OTCQX:KOOYF) is ramping up a major 50,000-meter drill program at its Columba high-grade silver project in Mexico, aiming to expand its newly announced 54 million ounce silver resource.
"Having just put out our maiden resource of 54 million ounces of silver at Columba at a very good grade of 284 gpt silver, we are now looking forward to this next round of drilling which is focused on increasing the size of the resource,” said James McDonald President and CEO of Kootenay Silver. “All vein zones remain open to expansion, so we have a lot of low hanging fruit to go after as we advance to our objective of finding 100 million plus ounces of silver."
The company is targeting easy-to-reach extensions across 17 veins that remain open for further discovery. With strong grades and fresh financing in hand, Kootenay is pursuing its goal of finding over 100 million ounces of silver.
GR Silver Mining Ltd. (TSXV:GRSL.VN) (OTC-BB:GRSLF) just kicked off a high-grade sampling program at its historic Plomosas Mine in Mexico, returning early silver results as high as 3,993 g/t silver equivalent. The program is laying the groundwork for a bulk sample test mining operation, supported by existing permits and infrastructure.
"The success of our new geological model at the Plomosas Mine, completed during the last 6 months, combined with detailed underground sampling, will be fundamental for the future development of engineering parameters to assess implementation of a Bulk Sampling Test Mining program in the underground mine,” said Marcio Fonseca, President and CEO of GR Silver. “The current site has initial infrastructure and key permits in place, which can assist in any future mine and processing plant developments at the historic Plomosas Mine."
With access to over 7 km of underground development, GR Silver is positioning itself for near-term silver extraction.
Defiance Silver Corp. (TSXV:DEF.VN) (OTCQX:DNCVF) has acquired Green Earth Metals, adding three copper-gold-silver projects in Mexico’s Sonora mining region to its portfolio. The move expands Defiance’s exposure to silver and sets the stage for new exploration, including drilling at the Victoria project.
"This acquisition brings three copper-gold-silver projects in Sonora, Mexico, one of the world's most renowned copper-gold mining jurisdictions, into Defiance Silver's portfolio,” said Chris Wright, Chairman and CEO of Defiance. “The GEMS team consists of seasoned mine financiers and global mineral explorers, and we are pleased to welcome them as shareholders. This transaction strengthens Defiance's strategy to build a diversified portfolio across silver, gold, and copper systems, enhances our exploration potential, and reinforces our commitment to creating value for shareholders."
This deal boosts Defiance’s potential in one of North America’s most productive mining belts.
Silvercorp Metals Inc. (NYSE-American:SVM) (TSX:SVM.TO) produced 1.8 million ounces of silver last quarter, up 6% year over year, while silver-equivalent output reached 2.0 million ounces. The company also completed over 81,000 meters of drilling and nearly 20,000 meters of tunneling as it continues to invest in long-life silver assets in China.
With solid revenue growth and a proven production base, Silvercorp remains one of the few profitable silver producers in the junior-to-mid-tier space.
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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