Silver boom continues unabated – Take advantage of setbacks at Silver North Resources, First Majestic, and SMA!

Silver North Resources – Good drill results

The Canadian explorer's share price had almost quintupled within a year, reaching CAD 0.40. The shares are currently trading at CAD 0.25, giving the Company a modest market capitalization of CAD 19 million. Around 16% of the shares are held by management and the supervisory board – proof that there are aligned interests.

The Canadians currently have three main projects, but aim to strategically expand their portfolio with additional silver properties in favorable jurisdictions. The most important asset is the Haldane Silver project, located in the Yukon, in the immediate vicinity of Hecla Mining's Keno Hill Mine. The Tim Silver project and the GDR project are also part of the portfolio.

The Company recently published positive drilling results from the 8,579-hectare Haldane project. The results included 3.2 meters averaging 2,014 g/t silver, 1.72 g/t gold, 4.73% lead, and 1.1% zinc. Within a larger section of 13.15 m, 818 g/t silver, 1.39 g/t gold, 2.54% lead, and 0.98% zinc were detected. The Company described the HLD25-31 drill hole as the "best hole drilled on the property to date." This allowed "consistently high-grade silver with significantly higher gold concentrations than those observed at other targets on the property"** to be demonstrated.

These results are in line with many other good drilling results and developments, including those on other properties. Noteworthy are the results from the Veronica Property, with a grade of 2,860 g/t silver, and values of up to 52.8 g/t silver on the Tim Property. The current price setback is a good opportunity in view of the solid progress and excellent news flow.

SMA Solar Technology – "Right on target"

Although SMA Solar is part of the solar industry, it operates as a specialist in only one specific area. The German company is one of the world's leading suppliers of photovoltaic system technology. The core of its business model is inverters. SMA produces devices that convert the electricity from solar cells (direct current) into usable electricity through the socket (alternating current).

The shares have seen a spectacular rise from EUR 12 to EUR 32 over the last 12 months. Most recently, a "Buy" recommendation from the Metzler bank provided tailwind. The experts combined their "Buy" rating with a price target of EUR 40 and praised the strong demand and margin level from the business with large-scale systems and photovoltaic power plants. They said this was the right strategic positioning, as demand for residential and commercial systems was declining.

First Majestic – Record production

The Canadian company delivered record production in the third quarter, producing 39% more than a year earlier. Total output amounted to 7.7 million ounces of silver equivalent. This success was driven by a doubling of silver production to 3.9 million ounces through the integration of a 70% stake in the Mexican Los Gatos mine. With a market capitalization of CAD 8 billion, the Company is one of the established players in the industry. Analysts believe the stock has further upside potential of nearly 40%.

The "big picture" speaks in favor of investments in precious metals. Silver is to be favored due to industrial demand and because it is relatively inexpensive compared to gold. With Silver North Resources, investors are betting on a very well-positioned explorer with good news flow and a favorable valuation. SMA and First Majestic are also among the favorites among analysts.