Silver Market Discount: Investigator Silver Pushes for Higher Valuation
Investigator Silver presented its Paris Silver project at Mining Forum Americas 2026. The company views Paris Silver as Australia's only primary pure-play silver development, with a significant resource and strong cash generation prospects.
The project has a 57-million-ounce resource and a definitive feasibility study that assumes $60 silver prices. Management pointed out a market discount, stating the shares trade at around 0.14 to 0.15 times Net Present Value (NPV), significantly lower than its peers' multiple of about 0.4.
A 30,000-meter drill program is underway to convert resources and test district-scale upside around the Paris corridor. First production is targeted for 2029, with a final investment decision planned for the second half of 2027.