The Opportunity in Plain Sight
Ahead of the last round of results announcements for the major silver mining companies, the pattern was clear: buying 7 days before and holding through to 7 days after the announcement produced a strongly positive average return of +11.49% across the 16 companies tracked.
Of the 16 companies, 13 recorded positive gains — with standout performers including GoGold Resources (+36.54%), McEwen Mining (+23.18%), SSR Mining (+22.27%), and Pan American Silver (+21.74%). Only 3 companies produced negative returns in the window: Hochschild Mining (−20.95%), Santacruz Silver Mining (−14.63%), and Fresnillo (−5.95%).
The table below shows the full dataset: the share price 7 days before results, on the day of the announcement, and 7 days after — together with the resulting gain or loss over the full 14-day window.
Why Summer 2026 Results Could Be Even More Striking
The same companies that produced the data above are due to report their next set of results in July and August 2026. The historical pattern showed a clear tendency for silver mining shares to rise in the two weeks surrounding a results announcement. The question now is whether that pattern could repeat — and the case for it doing so is considerably stronger this time.
The reason is simple: the silver price today is dramatically higher than it was a year ago. Because mining companies have broadly fixed operating costs — the expense of extracting each ounce does not change much from year to year — a large rise in the price of silver flows almost directly into earnings. This means that when these companies report their July/August 2026 results, many are likely to show very large increases in earnings per share compared with the same period in 2025.
Large positive earnings surprises have historically been one of the strongest drivers of short-term share price gains. If the market has not yet fully priced in the scale of these earnings improvements — which is often the case before a results announcement — then the window of 7 days before to 7 days after results could, once again, be a particularly rewarding time to hold these shares.
As always, past performance is not a guarantee of future results, and individual companies will vary significantly. The three companies that produced losses in the last round — Hochschild, Santacruz, and Fresnillo — serve as a reminder that company-specific factors can override the broader sector trend. Diversification across several names, and careful attention to each company's own cost structure and debt levels, remains essential.
Download the Full Data Table
Download the original data table as a PNG image for use in your own research or presentations.
| Company | Last Results Announcement |
Price 7 Days Before |
Price on the Day |
Price 7 Days After |
Gain / Loss (7 prior → 7 post) |
Next Earnings Report |
EPS Growth Forecast (FY26) |
|---|---|---|---|---|---|---|---|
| ANDEAN PRECIOUS METALS CORP. (XTSE:APM) | 12.05.2026 | 5.95 | 7.15 | 6.78 | +13.95% | Aug 18 | Q2: +140.5% FY: −3.0% |
| Compania de Minas Buenaventura SAA (XNYS:BVN) | 29.04.2026 | 31.82 | 30.02 | 34.05 | +7.01% | Jul 23 | +42.6% |
| FORTUNA MINING CORP. (XNYS:FSM) | 06.05.2026 | 9.33 | 9.84 | 10.69 | +14.58% | Aug 12 | +94.1% |
| SSR MINING INC. (XNAS:SSRM) | 05.05.2026 | 29.23 | 28.25 | 35.74 | +22.27% | Aug 05 | Q2: +115% FY: −68.1% |
| SANTACRUZ SILVER MINING LTD. (XNAS:SCZM) | 18.05.2026 | 9.43 | 8.56 | 8.05 | −14.63% | Not listed | +12.2% |
| KINGSGATE CONSOLIDATED LIMITED (XASX:KCN) | 25.02.2026 | 5.85 | 6.56 | 6.98 | +19.32% | Aug 28 | +625% |
| Pan American Silver Corp. (XNYS:PAAS) | 05.05.2026 | 52.39 | 50.52 | 63.78 | +21.74% | Aug 12 | +72.6% |
| HOCHSCHILD MINING PLC (XLON:HOC) | 11.03.2026 | 749.50 | 649.50 | 592.50 | −20.95% | Aug 19 | +114.4% |
| Triple Flag Precious Metals Corp. (XNYS:TFPM) | 05.05.2026 | 32.25 | 31.12 | 35.33 | +9.55% | Aug 11 | +23.0% |
| MCEWEN INC. (XTSE:MUX) | 06.05.2026 | 28.82 | 31.07 | 35.50 | +23.18% | Aug 06 | Q2: +1,783% FY: +204.8% |
| FRESNILLO PLC (XLON:FRES) | 03.03.2026 | 4,032.00 | 3,896.00 | 3,792.00 | −5.95% | Aug 04 | +63.2% |
| HECLA MINING COMPANY (XNYS:HL) | 05.05.2026 | 17.84 | 17.05 | 20.57 | +15.30% | Aug 11 | +79.2% |
| GoGold Resources Inc. (XTSE:GGD) | 06.05.2026 | 2.60 | 2.90 | 3.55 | +36.54% | Aug 06 | +151.9% |
| DISCOVERY SILVER CORP. (XTSE:DSV) | 05.05.2026 | 8.71 | 8.22 | 10.51 | +20.67% | Aug 18 | +305.9% |
| COEUR MINING, INC. (XNYS:CDE) | 06.05.2026 | 17.33 | 18.75 | 19.74 | +13.91% | Aug 12 | +105.2% |
| OR Royalties Inc. (XNYS:OR) | 06.05.2026 | 36.50 | 38.74 | 39.20 | +7.40% | Aug 05 | +41.8% |
| Average Gain — 16 companies tracked | +11.49% | EPS forecasts sourced from analyst consensus; dates subject to change. | |||||
Methodology
- Each company was tracked using its closing share price exactly 7 calendar days before its results announcement date.
- The share price on the day of the announcement is also shown for reference.
- The exit price was the closing share price 7 calendar days after the announcement.
- Gain or loss is calculated as the percentage change from the 7-days-prior price to the 7-days-after price.
- All prices are in the currency of the exchange on which the stock trades (USD for XNYS/XNAS, CAD for XTSE, GBP pence for XLON, AUD for XASX).
- No transaction costs, taxes, or currency conversion effects have been applied. Past performance is not a guide to future results.
Important: This analysis is provided for educational and informational purposes only and does not constitute financial advice or a recommendation to buy or sell any security. Investing in stocks carries risk, including the possible loss of principal. Past performance — even a striking average gain of +11.49% — is no guarantee of future results. Always conduct your own research and consult a qualified financial adviser before making investment decisions.