Analysts Hail a Generational Breakout Now That Silver Crossed the $39 Line
Issued on behalf of Magma Silver Corp.
VANCOUVER – Baystreet.ca News Commentary – Silver surged past US$39 last week, its highest mark since 2011, and swelling ETF inflows now have analysts calling for a “summer of silver” across bullion and equities. Even with a brief pullback, the metal remains near multi‑year highs in what technicians describe as a generational technical breakout. The upbeat backdrop is steering fresh attention toward silver miners, including Magma Silver Corp. (TSXV: MGMA) (OTCQB: MAGMF), Vizsla Silver Corp. (NYSE: VZLA) (TSX: VZLA), Discovery Silver Corp. (TSX: DSV) (OTCQX: DSVSF), Argenta Silver Corp. (TSXV: AGAG) (OTCQB: AGAGF), and Americas Gold and Silver Corporation (NYSE-American: USAS) (TSX: USA).
The true breakout for silver may still be ahead, driven by mounting demand from industrial and green‑tech applications. Analysts say the current upswing is only the first leg, with UBS targeting US$40 and some forecasters projecting as high as US$100 to US$130 per ounce. These loftier calls reflect growing conviction that silver’s supply‑demand balance favors a longer, stronger run.
Magma Silver Corp. (TSXV: MGMA) (OTCQB: MAGMF) has just opened a Lima headquarters and hired a full in‑country team to accelerate its 4,100‑hectare Niñobamba silver‑gold project, a high-potential unmined high‑sulfidation systems.
“Magma has established a first-class operating team in Peru,” said Stephen Barley, CEO and Chairman of Magma Silver. “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 zones 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.”
Their goal is a Q3 2025 diamond drill program that finally applies modern 3‑D targeting to ground that majors such as Newmont and AngloGold already spent more than US$10 million testing, returning historic highlight hits like 72.3 metres of 1.19 g/t gold and 130 metres of 87 g/t silver.
Magma controls three contiguous zones — Niñobamba, Randypata, and Jorimina — believed to form part of a single high-sulfidation system. With all claims in good standing through at least June 2026, Magma has full operational control and is preparing for a diamond drill campaign targeted for Q4 2025.
Surface access agreements are already secured for Randypata and Jorimina, and discussions are advancing for Niñobamba. Magma expects to receive drill permits for Jorimina and Randypata as early as this month, while groundwork continues with Alpha IP geophysics, mapping, and sampling across the corridor.
With fewer than 34 million shares outstanding and all claims secure through at least June 2026, Magma Silver is moving from paper plans to on‑the‑ground execution, giving new investors a tightly held shot at a proven but under‑explored system.
CONTINUED… Read this and more news for Magma Silver at:
In other industry developments and happenings in the market include:
Silver developer Vizsla Silver Corp. (NYSE: VZLA) (TSX: VZLA) has closed a US$100.0 million bought‑deal financing and, days later, the underwriters took up the full US$15.0 million over‑allotment, for total gross proceeds of about US$115.0 million. The 38,334,100 new shares were priced at US$3.00, a level that kept the raise compelling as spot silver tests multi‑year highs near US$40/oz.
Management plans to deploy the cash into lining up permits, detailed engineering, and step‑out drilling at Panuco, where a 2024 PEA pegs life‑of‑mine output at 15.2 million AgEq oz a year, an after‑tax NPV5% of US$1.1 billion, and an 86% IRR. By locking in capital well ahead of construction, Vizsla Silver has de‑risked its flagship project while retaining dry powder for district exploration and strategic moves.
Discovery Silver Corp. (TSX: DSV) (OTCQX: DSVSF) recently confirmed that mining-magnate Eric Sprott sold 19,200,200 shares at an average $3.26, trimming his ownership to 12.8% of the company. The sale comes as Discovery advances its 100%‑owned Cordero project in Chihuahua, where a February 2024 feasibility study outlined average output of 37 million Ag‑equivalent ounces per year during years 1 through 12 and a 19‑year mine life, ranking Cordero among the world’s largest undeveloped silver assets.
Management is working toward final permits and a construction decision by late 2025, keeping the project’s engineering and financing timeline on track despite the share rotation.
Argenta Silver Corp. (TSXV: AGAG) (OTCQB: AGAGF) has mobilized a drill rig for a 4,000 m Phase 2 winter program at its high‑grade El Quevar project in Salta, Argentina, with first holes expected within 10 days. The campaign targets Quevar South, immediately south of the Yaxtché deposit, which already hosts an Indicated 45.3 Moz silver resource averaging 482 g/t Ag plus an Inferred 4.1 Moz at 417 g/t Ag.
"As planned and on time with our schedule, this 4,000-meter winter drill program is about to commence, representing one of our first major steps forward since acquiring El Quevar,” said Joaquín Marias, CEO of Argenta. “It's the beginning of a broader strategy to unlock the project's full potential, not just geologically, but economically. We're already envisioning a more expansive drill program during the Argentine summer. This campaign is about laying down the foundation, carefully and decisively, for what we believe can become one of the premier silver assets in Argentina."
By blending confirmation, step‑out, and new‑target drilling, management aims to extend one of Argentina’s top undeveloped silver systems ahead of a larger summer program.
Americas Gold and Silver Corporation (NYSE-American: USAS) (TSX: USA) has locked in a US$100 million senior secured facility from SAF Group, drawing an initial US$50 million and keeping two US$25 million tranches in reserve. Management will use the funds to accelerate longhole stoping, expand the underground fleet, and upgrade the No. 3 shaft at the high‑grade Galena Complex—steps aimed at boosting tonnage, slashing unit costs, and pushing silver to 80% of company revenue by late 2025.
"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.
The financing strengthens the balance sheet just months after Americas took full ownership of Galena, giving Eric Sprott‑backed shareholders a clear path to higher‑margin silver growth.
Article Source: https://usanewsgroup.com/2025/06/04/mining-giants-missed-the-big-prize-a-juniors-back-for-the-precious-metals/
CONTACT:
Baystreet.ca
DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Baystreet.ca is owned by Baystreet.ca Media Corp. (“BAY”). BAY has been paid a fee for Magma Silver Corp. advertising and digital media from the company directly. There may be 3rd parties who may have shares of Magma Silver Corp., and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of “BAY” DOES NOT own any shares of Magma Silver Corp. at this time, but reserves the right to buy and sell, and will buy and sell shares of Magma Silver Corp. at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, which is disseminated by BAY. This article has been approved by Magma Silver Corp. Technical information relating to and published by Magma Silver Corp. has been reviewed and approved by Jeffrey Reeder, PGeo, a Qualified Person as defined by National Instrument 43-101. Mr. Reeder is a Technical Advisor of Magma Silver Corp., and therefore is not independent of the Company; this is a paid advertisement, we currently do not own any shares of Magma Silver Corp. but will likely buy and sell shares of the company in the open market, or through private placements, and/or other investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.
