TSI’s Scott Clayton has researched five standout silver-focused companies for your review. Each firm’s proven dividend track record has earned top marks from our rigorous Dividend Sustainability Rating System. With silver surging to 14-year highs, these miners combine payout reliability with exceptional growth upside. As detailed in our Globe and Mail feature, we use a comprehensive 12-point rating to identify the most promising silver dividend stocks. We’re selecting those best positioned to extend gains, not just ride today’s bullish wave.
Our silver screen started with producers capable of meeting rising demand while controlling costs and generating strong cash flow. Companies earned high scores by delivering five years or more of dividend payments, boosting payouts recently, prioritizing shareholder returns, and maintaining resilient balance sheets. Long-term earnings power, cash flow coverage, industry leadership and freedom from political or currency risk were all essential. Only those with the strongest sustainability credentials made our list.
Today’s most compelling silver picks boast diverse operations ranging from North American heartlands to established international hubs. That mitigates your risk and maximizes your opportunity. These miners balance immediate payout power with strategic reinvestment in exploration. In an industry frequently challenged by volatility, these miners stand as rare sources of consistency and value.
TSI’s Dividend Sustainability Rating System lets us rigorously score each company on dividend history, management commitment, economic resilience, risk mitigation, balance sheet strength, and competitive leadership. These are the factors that signal which silver miners could keep outperforming - even if markets turn volatile.
Excerpt from theglobeandmail.com, September 25, 2025
Sustainable dividends from silver miners set to extend their gains well beyond today’s bullish market.
Silver jumped to over $44 U.S. an ounce this week – a 14-year high. (It achieved the all-time high of $49.51 in April 2011.)
Like its yellow metal counterpart, silver’s appeal as a safe harbour for investors has jumped with geopolitical uncertainty, high government debt levels, inflation fears and a weaker U.S. dollar. Silver, in particular, also benefits from industrial and manufacturing demand. The metal is prized as an electrical conductor for computer chips, including those fuelling today’s boom in artificial intelligence.
Our analysts at The Successful Investor think top-quality silver miners are well positioned to hang onto today’s gains and expand them even if an economic slowdown zaps some industrial demand.
[ofie_ad]
Our search started with silver producers able to meet current and rising demand for ore while keeping their production costs low and cash flow high. We then applied our TSI Dividend Sustainability Rating System to those companies offering shareholders dividend income. Our system awards points to a stock based on key factors:
- One point for five years of continuous dividend payments
- Two points for more than five
- Two points if it has raised the payment in the past five years
- One point for management’s commitment to dividends
- One point for operating in non-cyclical industries
- One point for limited exposure to foreign currency rates and freedom from political interference
- Two points for a strong balance sheet, including manageable debt and adequate cash
- Two points for a long-term record of positive earnings and cash flow sufficient to cover dividend payments
- One point for an industry leader
Companies with 10 to 12 points have the most secure dividends, or the highest sustainability. Those with seven to nine points have above average sustainability; average sustainability, four to six points; and below average sustainability, one to three points.
TSI Network is the online home of The Successful Investor Inc. – the group of widely followed Canadian investment newsletters by editor and publisher Pat McKeough. They include our award-winning flagship newsletter, The Successful Investor, and the TSI Dividend Advisor. TSI Network is also affiliated with Successful Investor Wealth Management.
5 silver miners with the most sustainable dividends
Pan American Silver Corp. (with a 1.3% yield), headquartered in Vancouver, focuses on silver mining – but also gold – in Canada, Mexico, Peru, Argentina and Bolivia.
Silvercorp Metals Inc. (0.4%), also headquartered in Vancouver, mines silver and other metals at its sites in China.
Another Vancouver firm, First Majestic Silver Corp. (0.2%), is now reporting record silver output at its mines in Mexico and the U.S.
Hecla Mining Co. (0.1%), based in Coeur d’Alene, Idaho, produces silver, as well as gold, at its mines in the U.S, Canada and Mexico.
And finally, Mexico’s Fresnillo PLC (1.5%) is one of the world’s largest producers of silver. Please, note that the low dividend yield of many silver miners reflects heavy reinvestment of cash flow into exploration and development. That only helps to bolster future shareholder income.
We advise investors to do additional research on investments we identify here.
Scott Clayton, MBA, is senior analyst for TSI Network and associate editor of TSI Dividend Advisor.
