50 buy-the-dip stocks (July 17, 2026)

Don Durrett Jul 18, 2026

Summary

He reviews 50 gold and silver mining stocks he owns, sizing the upside against $7,000 gold and $200 silver.

Most of the list screens as an eight-bagger or better, and he favors undervalued producers growing output.

Development names need patience: permits plus roughly two-year builds push many payoffs to 2028 and beyond.

He cautions that gold and silver mining stocks are speculative, so keep allocations small and only risk what you can lose.

Key points on B2Gold

About half of B2Gold's project sits in Mali, a country he expects many investors to ignore, which he says means the Mali asset is effectively being given away.
As a roughly one-million-ounce producer, he argues even valuing it at a 500,000-ounce producer implies about $5B, which supports the risk/reward.
He expects the company to grow production, notes it likes a high dividend, and rates management as strong.

Key points on Equinox Gold

Equinox Gold prints as a ten-bagger in the speaker's model — about 4x standalone, rising to roughly a 7 multiple when combined with Orla.
At $8.62 as of mid-July 2026 he calls it totally on sale and says it is unbelievable that nobody wants to own it.
He expects free cash flow to scale to what he describes as a $1.5 million producer, potentially $1.9 million, and recommends checking the company presentation.
He says the balance sheet has been cleaned up, the ASCU has come down, and the Orla deal is due to close in September.

Key points on First Majestic Silver

First Majestic has dropped to about $15 as of mid-July 2026 and the speaker calls that an opportunity, with the stock printing around 3.5x on his chart.
He points to a mine restart as the catalyst, describing the setup as effectively a quality producer at a $200 silver assumption.
He lists First Majestic alongside Fresnillo as now looking unusually cheap.

Key points on Fresnillo

Fresnillo was expensive at one point but is trading around $32 as of mid-July 2026, and he notes it has come down quite a bit.
At $7,000 gold and $200 silver he calculates both Fresnillo and First Majestic as eight-baggers.
He calls that level of valuation unbelievable and says both have become very cheap.

Key points on Genesis Minerals

Genesis Minerals outbid SSR in the attempt to acquire Vault, which is why the name comes up in the discussion.
He says Genesis would otherwise be on his list but prints only about a five-bagger, so he left it off.

Key points on Hecla Mining Company

Hecla shows up as another eight-bagger on his list of 50 buy-the-dip names.
He says buying a Hecla at an eight-bagger valuation is absolutely crazy.

Key points on IAMGOLD

IAMGOLD is the exception on the list that does not print as an eight-bagger — he thinks it is the seven-bagger.
At roughly $14 as of mid-July 2026 he says getting a company of that quality at that price is pretty darn good.

Key points on Pan American Silver

He questions what Pan American Silver is doing on a buy-the-dip list, implying it is too large a name to fit that framing.
Even so, he rates it as an eight-bagger on his valuation, which he calls amazing.

Key points on Ramelius Resources

Ramelius Resources is an Australian mid-tier producer he likes, and he notes it is now close to major-producer scale.
He attributes the step-up to the Spartan acquisition, which he links to the roughly $5B market cap and to added growth.
He has it printing as an eight-bagger.

Key points on SSR Mining

SSR Mining is another eight-bagger on his list, which he finds unbelievable.
He describes it as a quality mid-tier producer that has exited Turkey, so its assets are now all in jurisdictions he likes.
He rates the management team as strong.

Key points on Americas Gold & Silver Corp

The speaker says Americas Gold & Silver is down about 65% from its all-time high and still sees it as a growth story.
He credits a strong management team and assets in Idaho and Mexico.
It is one of his core 'undervalued producer with growth' names, alongside Avino, though he notes two mines still need to be built on top of the mine currently being expanded.

Key points on Avino Silver & Gold Mines Ltd

Avino is expected to grow organically to about a million ounces a year for the rest of the decade, and he says he loves the organic growth.
He expects no dilution will be required to fund that growth.
Capex is very low, which he pairs with the story itself as the reason he likes the name.

Key points on Aya Gold & Silver

Aya Gold & Silver's Boomerang project is due to go into construction next year, with production in 2029 or possibly late 2028.
He argues the Zgander mine alone roughly equals the company's current market cap, so Boomerang comes free — and Boomerang is larger.
For that reason he does not expect the company to be sold, and he calls Boomerang one of the better projects going.

Key points on Discovery Silver Corp

Discovery Silver's Cordero project is still awaiting a greenfield open-pit permit, and he has always considered it his favourite silver project.
He says the Panuco project is probably just as good as Cordero, giving the company two large silver assets.
His broader point is scarcity: once the handful of big silver projects now in development are built, he argues there will be nothing comparable left.

Key points on Endeavour Silver Corp

The speaker calls Endeavour Silver unbelievably cheap and singles out the Mormon Mountain asset as one that typically prints as a ten-bagger.
He offers the rule that if you can buy a Mormon at this valuation you should not pass it up.

Key points on Gogold Resources

GoGold Resources has just received its permit and should go into construction in Q4 2026.
With an approximately two-year build he treats it as a 2028-29 story, followed by a second mine at Los Ricos North.
Capex is low for both projects, the balance sheet and cash flow are strong, and he expects the company to go out and acquire someone.

Key points on Greatland Resources Ltd

Greatland Resources' Telfer mine is generating a lot of cash, with roughly $1B in cash on hand.
He calls the Havieron project a thing of beauty — long life and high grade.
Together the two give a simple story with strong assets in West Africa and Western Australia.

Key points on Integra Resources

Integra Resources has two projects to build — Florida Canyon and DeLamar — so he expects a wait before it pays off.
He likes the company because of where the mines are, in Nevada and Idaho.
It stays on the buy-the-dip list as a name he owns and does not want to be underweight.

Key points on Jaguar Mining Inc

Jaguar Mining is a producer with growth he says he likes a lot as a company and as a project.
It has three mills, one of which is unused and two running at about 50% capacity, so the work is simply filling them up.
He frames it as another undervalued producer with growth potential and says it is being ignored.

Key points on Silver X Mining

Silver X Mining sits outside the top 25 of his list — he almost left it off entirely — because it currently produces only about 1.2M oz of silver equivalent a year.
A PEA-level plan would take it to about 6M oz, and if executed he expects the stock to rip higher.
The project is permitted and the ounces exist, but it needs capex and a green light; he expects the build itself to be fairly quick once approved.

Key points on Silvercorp Metals Inc

Silvercorp Metals keeps buying assets — two projects in Kazakhstan, two gold projects in Ecuador, and an equity interest in a project in Bolivia.
Most of its production sits in China, which some investors dislike, but he thinks the model works overall.
The Sorocaya mine in Santa Cruz offers heavy leverage but will not enter production until 2028.

Key points on Talisker Resources Ltd

Talisker Resources is a producer growing organically, one of the recurring themes he favours on the list.
Its goal is roughly 200,000 oz a year from the Bralorne property alone, and he thinks that gives it a very good risk/reward.
He wonders about insider holdings and thinks the company could be taken out.

Key points on Westgold Resources Ltd

Westgold Resources is another Australian mid-tier he rates highly.
He says the Prowse asset prints as a ten-bagger against a roughly $2.9B market cap, which he finds crazy.
He describes the risk/reward as off the charts.

Key points on 1911 Gold

The speaker calls 1911 Gold one of his top picks and expects it to enter production in Q4 2026, saying it has an excellent risk/reward ratio.
He notes roughly $200M of market cap against initial production of only about 45,000 oz, and says the payoff needs a second deposit lifting output toward 75,000 oz over a couple of years.
It sits in the green, top-25 tier of his 50-stock list, where he says he sees no B-minus grades on either downside or quality.

Key points on Chesapeake Gold

A PFS is due this year for Chesapeake Gold and he thinks the metallurgy is fine despite concerns some people raise.
He values the roughly $190M market cap against about 15M oz of gold plus significant silver, which he sees as producing enormous free cash flow.
The catch is the wait: open-pit greenfield projects have not yet been permitted, though he argues the first one approved would be a major catalyst for Chesapeake.

Key points on P2 Gold

The speaker calls P2 Gold a Lahontan clone with a slightly larger project behind it.
At roughly $195M versus Lahontan's $124M he attributes the premium to a better-known, more experienced management team that investors are more comfortable with.
He still sees ten-bagger upside in Nevada for both, but thinks Lahontan reaches production first and P2 is roughly two years out.

Key points on Silver Mountain Resources

Silver Mountain Resources is entering production this quarter, Q3 2026, in Mexico with two mines.
The second mine will not start up until 2027.
He groups it with the other small silver names whose payoff comes simply from growing production.

Key points on Silver Storm Mining

Silver Storm Mining has just gone into production in Mexico.
Its second mine, San Diego, is about two years out, so he frames the holding as owning the stock for that mine.
He counts it among the high-leverage small silver producers.

Key points on Silver Tiger Metals

The speaker does not expect the first pour at Silver Tiger Metals until 2028, even though the mine is close to production now.
An underground mine still has to be built after that.
He puts the payoff in late 2028 or 2029, so the stock is a wait.

Key points on Skeena Resources

Skeena Resources should be in production within about a year, and he thinks it is already close to either starting construction or reporting advances.
It is a large, high-grade open pit in British Columbia with a good pipeline of projects behind it.
He has long expected the company to be acquired, though nothing has happened yet.

Key points on Vizsla Silver

He expects to hear more from Vizsla Silver in Q3 2026, including at the Beaver Creek conference, on how the company will secure the property.
He argues the project is too big to fail given the tax revenue involved, so the government has an incentive to make the mine get built.
He acknowledges cartel problems and people leaving but stands by the too-big-to-fail view.

Key points on Vista Gold Corp

The speaker says he has been convinced Vista Gold will build its Australian project, where the operation is located despite the company being Canadian and listed in New York.
He describes a large permitted project of about 8M oz of gold and expects construction to start next year.
He says the risk/reward is significant as long as the mine actually gets built.

Don Durrett's takeaways

Top takeaway Don Durrett's core thesis for the list is a $7,000 gold and $200 silver assumption, with those levels expected within 36 months and holding.
He says every name on the 50-stock list prints as an eight-bagger or better except IAMGOLD, with most in the ten-bagger range or higher, valued on free cash flow and growth.
He frames the holdings as roughly one-third of a 169-position portfolio and says he will add to any name that falls below about 0.5% of the portfolio.
He warns that gold and silver mining stocks are closer to speculating than investing, advising small allocations and only investing what can be lost, given how volatile the names are.

Peter Grandich's takeaways

Top takeaway The speaker says Peter Grandich holds a big position in the McFarland Lake story and talks it up, helping push the stock forward.
He frames the name as having a big-name backing alongside the incoming ownership interest described in the same segment.