Canadian Silver Stocks in 2026: Tickers, Market Caps and What Is Driving Them

Canadian silver stocks got a lot more attention in 2026. Silver hit an all-time high above US$121 per ounce on Jan. 29, then fell back sharply (Investing News Network, May 2026; World Silver Survey 2026). The TSX, TSX Venture and CSE list everything from multibillion-dollar producers to explorers worth a few tens of millions of dollars. Below are the names Investing News Network (INN) highlighted this year, with the tickers and market caps it reported, plus the context investors need to read them.

The large caps

INN ranked the five largest silver-mining stocks by market cap as of April 30, 2026, using TradingView's screener (INN):

AbraSilver's own website gives its listing as TSX: ABRA (AbraSilver).

Pan American produced 22.8 million ounces of attributable silver in 2025 and guided to 25–27 million ounces for 2026. Its 44% stake in the Fresnillo-operated Juanicipio mine, acquired with MAG Silver in September 2025, became its largest silver contributor in the fourth quarter (INN). First Majestic produced 15.44 million ounces in 2025, all from Mexico. Its 2026 guidance is lower, at 13–14.4 million ounces, at a silver-equivalent AISC of US$26.15–$27.91 per ounce (same source).

INN's top year-to-date performers

INN's July 2026 list ranked TSX, TSXV and CSE silver stocks by year-to-date share-price gain. The data came from TradingView on June 26, 2026, and was limited to companies with market caps above C$10 million (INN, July 21, 2026):

What sits behind the moves (all from INN):

• Honey Badger is an explorer. It bought the permitted Prairie Creek silver-zinc-lead project in the Northwest Territories by acquiring Canadian Zinc, closing on April 29 for C$10 million in cash plus 12.5 million shares. It expected an updated PEA and resource estimate in Q3 2026.
• Aya produced 5 million ounces of silver equivalent in 2025 at its Zgounder mine in Morocco, up from 1.65 million in 2024, and revenue rose 417% to US$202 million.
• AbraSilver published a definitive feasibility study for its Diablillos project in Argentina on June 22. It shows an after-tax NPV of US$3 billion and a 41.9% IRR, with a final investment decision targeted for the first half of 2027.
• Silvercorp produced 6.8 million ounces of silver in its fiscal 2026 (to March 31), mostly from the Ying district in China, and guides to 6.8–7.1 million ounces for fiscal 2027.
• BP Silver is exploring the Cosuño project in Bolivia and raised about C$10.02 million in April.

Where the silver actually comes from

Many of these companies are Canadian-listed, but their mines are mostly outside Canada, in Mexico, Morocco, China, Argentina and Bolivia. Canada itself produced only 9.8 million ounces of silver in 2025, up 4%, and most of it was a by-product of gold mining (World Silver Survey 2026). The Survey credits the increase to higher grades at Hecla's Keno Hill in Yukon (Hecla, Aug. 4, 2026) and the commissioning of Artemis Gold's Blackwater mine, and notes that Trafigura's Myra Falls remains on care and maintenance (same source). So for most Canadian silver stocks, the main risks are in the host country: Mexican policy and grades, Argentine permitting, Chinese operations.

How to read these lists

A year-to-date ranking measures momentum, not quality. Honey Badger and BP Silver are early-stage explorers with market caps under C$120 million. Their share prices can move several-fold on a single acquisition or drill result, in either direction. The producers' value depends on margins, which the World Silver Survey says widened sharply in 2025 as average AISC for primary silver mines fell to US$12.21 per ounce (World Silver Survey 2026). Those margins depend on a silver price that INN noted had come down significantly in the second quarter of 2026 from its January peak (INN). Market caps here are point-in-time figures from April and June 2026 and will have changed since. None of this is a recommendation to buy or sell any security.

Related: silver hub, Canadian mining news and company profiles.

How we checked this: AI-drafted from the sources linked above and checked against them by our AI editor.