Best ASX Silver Stocks Beckoning a Buy After The Rate Cut
Team Veye | 18-Sep-2025
Much awaited rate cut has happened. Coming after nine months and even signalling for more to come, is not likely to impact the silver stocks much. These might undergo minor retracements but some of these keep signalling to seize this opportunity for inclusion in long term portfolio.
Silver Mines Limited (ASX: SVL)
closed the June 2025 quarter holding around A$19.3 million in cash reserves after seeing total cash outflows of nearly A$4.0 million year to date mainly due to exploration and evaluation spend. The company spent close to A$3.1 million in the quarter focusing on the Bowdens Silver Project in New South Wales and also on new assets in California like the Calico North acquisition and Kramer Hills farm in. The main focus remained on planning approvals for Bowdens which is considered Australia’s largest undeveloped silver deposit. Work also moved forward at the Tuena Gold Project where diamond drilling at Elsienora was finished. With a solid cash position and approvals in progress the company looks set to push Bowdens towards development while keeping extra exploration options open in its North American assets.
Mithril Silver and Gold Limited (ASX: MTH)
kept pushing ahead with exploration at its Copalquin District in Mexico during the June 2025 quarter. The company reported strong drill and channel sample results showing high grade gold and silver from several targets. Exploration spend came in at about A$2.68 million all of it used at Copalquin. By the end of the quarter Mithril held A$11.1 million cash on hand not counting extra money raised from a C$11.5 million placement finished in July 2025. Net cash outflow for the quarter was A$3.1 million giving the business close to 3.5 quarters of runway left. The firm is still adding to its high grade resource at El Refugio-La Soledad helped by old mine workings and sampling across the district. With many drill targets and progress in its projects the company looks in a good position to move ahead in its journey.
Andean Silver Limited (ASX: ASL)
made progress on its Cerro Bayo Silver-Gold Project in Chile in the June 2025 quarter. The mineral resource estimate is now 111Moz silver equivalent which is a 22% jump in contained ounces. Drilling at Cristal along with Coyita and Pegaso 7 kept expanding mineralisation and new mapping also found many high-grade veins at Monserrat, Tamara and Pasquerito. The company started an internal scoping study for restarting Cerro Bayo and the results are expected in Q4 CY25 before a full feasibility study in 2026. Net operating cash outflows stood at A$3.2 million for the quarter and A$9.1 million year to date leaving a cash balance of A$12.2 million. After the quarter ASL raised A$30 million through a placement which gives more liquidity for drilling and to move ahead and execute its plans.
Unico Silver Limited (ASX: USL)
pushed forward its exploration work at the Joaquin and Cerro Leon projects in Argentina during the June 2025 quarter. The company finished more than 20,000m of drilling and reported several high grade finds. Exploration and evaluation costs came to about A$6.8 million and total operating cash outflow was nearly A$7.1 million for the quarter and A$17 million for the year to date. USL closed the quarter with A$12.5 million in cash . Soon after the company raised A$25 million through a placement which improved liquidity and will help fund more drilling and also a maiden Scoping Study. The PLUS 150 strategy aims for 150Moz of pit constrained silver and with a medium term target of 300Moz USL is moving from explorer into a developer backed by a stronger financial base.
(Source: Company Announcements)
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