3 Buy Rated Silver Mining Stocks To Own In 2021: Pan American, First Majestic, And Americas Gold & Silver

NASDAQ: PAAS | Pan American Silver Corp. News, Ratings, and Charts

Silver is valued both as an industrial metal and a precious metal. Many investors use it as a haven in times of economic and stock market uncertainties and as a hedge against inflation. Consequently, silver had a solid run in 2020, delivering more than 48% returns, its best since 2010. In fact, the white metal’s run surpassed gold’s 24.6% rally in the same period.

Silver is particularly hot currently because of the growing green revolution. The metal plays a diversified role in modern technologies, with applications in rechargeable batteries and solar energy panels. Moreover, silver’s use in5G-infrastructure, artificial intelligence (AI), and electric vehicles should help drive strong demand. According to the Silver Institute, about 50% of the world’s silver supply is used for industrial purposes. Hence, as the manufacturing sector resumes production this year, with rising demand, silver should gain even more traction.

Also, the demand for the precious metal as a safe-haven asset will probably not decrease this year because the stock market is expected to remain volatile with continued concerns over the spread of  COVID-19, particularly the new strain.

So, we think it could be a good idea to bet on silver mining stocks like Pan American Silver Corp. (PAAS - Get Rating), First Majestic Silver Corp. (AG - Get Rating), and Americas Silver Corporation (USAS - Get Rating) that will likely benefit directly from the metal’s bull run. Let us take a closer look.

Pan American Silver Corp. (PAAS - Get Rating)

As the world’s second-largest primary silver producer with the largest silver reserve base globally, PAAS engages in the exploration, development, extraction, processing, refining, and reclamation of silver mines in Canada, Mexico, Peru, Argentina, and Bolivia. The company also produces and sells gold, zinc, lead, and copper.

The majority of PAAS’ silver is extracted from its La Colorada mine in Mexico. In August 2020, the company announced that exploration drilling, in a span of 18 months, led to an increased inferred mineral resource estimate for the skarn deposit of 100.4 million tons, containing an estimated 141.0 million ounces of silver, implying a 38% increase from its previous estimate.

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