The World's Top 20 Undeveloped Silver Deposits

A corporate presentation from Mines Management Inc. listed the world’s Top-20 undeveloped silver deposits. I thought it would be instructive to see which public companies own these deposits. Silver is in a bull market after all. They are roughly listed from largest to smallest. Often new drilling results will expand the estimated size of these deposits so the relative size of each deposit can be a moving target.

Peñasquito, Mexico – Glamis Gold [acquired by Goldcorp (GG) in early November]

Pascua-Lama, Chile – Barrick Gold Corporation (ABX)

San-Cristobal, Bolivia – Apex Silver Mines Limited (SIL)

Navidad, Argentina – Aquiline Resources Inc. (AQI) and IMA Exploration (IMR) are in a legal fight over ownership.

Cerro Rico – Bolivia – Corporación Minera de Bolivia [COMIBOL] and Franklin Mining Inc (FMNJ).

Corani, Peru – Bear Creek Mining Corp. (BCM)

Ocampo, Mexico – Gammon Lake Resources Inc.

Montanore, Montana, USA – Mines Mangement, Inc. (MGN)

Veladaro, Argentina – Barrick Gold Corporation (ABX)

Rock Creek, Montana, USA, – Revett Minerals Inc. (RVM)

Prognoz, Republic of Sakha, Russia – High River Gold Mines Ltd. (HRG)

Hackett River, Nunavut, Canada – Sabina Silver Corporation (SBB)

Maverick Springs, Nevada, USA – Silver Standard Resources (Vista Gold) (SSRI)

Pirquitas, Argentina – Silver Standard Resources Inc. (SSRI)

San Bartolome, Bolivia – Coeur d' Alene Mines Corporation (CDE)

Dolores, Mexico – Minefinders Corporation Ltd. (MFN)

Palmarejo, Mexico – Palmarejo Silver and Gold Corporation (PJO)

Candelaria, Nevada, USA – Silver Standard Resources Inc. (SSRI)

Waterloo, USA – Pan American Silver Corp. (PAAS)

Bowdens, New South Wales, Australia – Silver Standard Resources Inc. (SSRI)

Take note that equivalent deposits will have different valuations depending on which country they are in. A company's management can also change the market's perception as to what a deposit is worth.

Comments

[goldminerpulse:]

James,
That is a great list. The location of the deposit certainly does have a direct impact on valuations. However, country is too broad. Montana is trying hard to NOT license mining of its silver deposits. Nevada has no problems. Likewise, some parts of Mexico would be hard to mine.

Your list should also include La Preciosa (160MOz Ag) JV between Orko Silver and Pan American in Mexico. And Juanicipio another like sized deposit in Mexico and JV between MAG Silver and Fresnillo.

You might find the positioning of companies based on average ore value ($/tonne) versus their market cap per ounce of silver equivalent. Here is the link at my site
www.goldminerpulse.com...

Aug 24 08:41 PM

[ghostrider:]

looking for best silver play/investment worldide???

Sep 23 12:09 AM

[User 497437:]

Check your facts! FMNJ has nothing to do with Cerro Rico in Bolivia!

Oct 08 08:30 AM