With silver price at all-time high, these ASX mining stocks are thriving

Silver has been one of the most talked-about commodities lately due to higher investment flows along with record demand from renewable energy sector. The following ASX silver companies have seen their stock prices surge this year but the question is how long it can sustain or are the real golden days of silver yet to come?

Andean Silver Limited (ASX: ASL) 

has shown exploration progress and high-grade discoveries at the Cerro Bayo Silver-Gold Project in Chile as the latest December update included assay results which confirm continuity of mineralisation across two kilometres of exposed vein structures.

During the September quarter, the company secured $30 million through a placement at $1.20 per share.
Cash and cash equivalents were $34.1 million by the end of the September quarter compared to $12.2 million earlier which provides roughly 4.7 quarters of funding runway based on the current operating and exploration spend.
ASL has positioned itself as a growing silver developer with a high-grade resource base and multiple near-term catalysts led by drilling results and project advancement milestones.

Sun Silver Limited (ASX: SS1) 

on 26 November reported a major drilling highlight with hole MR25-230 intersecting 140.21m at 71g/t AgEq beginning just 26m above the current Mineral Resource.
The company has shown exploration progress at the Maverick Springs Silver-Gold Project in Nevada and during the September 2025 quarter, drilling showed solid extensions of mineralisation outside the current resource area with relatively big intercepts like 54.1m at 137g/t AgEq and 70.1m at 160g/t AgEq.

The share price has reflected this progress as the company has doubled year to date and the rally can continue if everything goes as per the company’s future plans.
At the end of quarter, the company had $34.2 million cash in hand and zero debt which gives it over seven quarters worth of funding cover for exploration and technical work in future.

Silver Mines Limited (ASX: SVL) 

on 19 November announced that diamond drilling at the Bowdens Silver Deposit returned the highest-grade and thickest mineralised intercept ever recorded at the project, including 116 metres at 245 g/t silver with supporting lead and zinc grades.

In the September quarter, the company worked with the Department of Planning, Housing and Infrastructure to get the mine’s development consent back.
The company also completed the acquisition of the Calico North Project and began its Farm-In to acquire up to an 80% interest in the Kramer Hills Project in San Bernardino County, California. 

SVL has raised around $34 million from a placement and ended the quarter with $43.7 million in cash which will help them progress in their journey with lesser hurdles.

Mithril Silver and Gold Limited (ASX: MTH) 

on 5 December executed a purchase option agreement to acquire the La Dura gold-silver property located near its flagship Copalquin project.
The company on 1 December 2025 that drilling at the Copalquin District continued to expand multiple high-grade zones, delivering another standout intercept of 7.19g/t gold and 260g/t silver over 8.03 metres which reinforces resource growth potential at the project. 
In the September quarter, drilling at Zaragoza which is around 500 metres south of the Refugio resource showed good results too like 6.4 g/t gold and 4,400 g/t silver over 0.57 metres. 
Mithril has raised about C$11.5 million in July 2025 through a placement it finished the quarter with $18.3 million cash and no debt.

(Source: Company Reports)