Beaver Creek 2026 - Best Stocks

Don Durrett Oct 3, 2026 38:24

Summary

Gold at $4,100 anchors his buy-the-dip plan: add again below $4,000, and again below $3,700.

His Beaver Creek list holds 37 stocks, all rated as tenbaggers (ten-times-plus targets), with seven winners out of ten as the goal.

He grades risk-reward by letter and number; near-term producers screen best, while late-stage projects carry more risk.

Discovery Silver and Osisko Gold Group lead his Canadian gold picks, and Silver X's 250 million ounce resource lifted the grade.

Low insider ownership makes Andean Silver, Talisker and Avino the likeliest takeover targets on his list.

Key points on Pan American Silver

Appears only as the likely seller of a project: Durrett says Luca Mining paid $350 million for a project acquired from, as he puts it, Pan American Silver.

Key points on Americas Gold & Silver Corp

Durrett puts the current mill figure at about 1,650 and expects next year's PFS to push that toward 2,000, taking output above 5 million ounces a year.
He expects the company to be acquired and puts a value of about $300 million on it, saying he strongly likes the name.
He expects production to start in the first half of 2028 and frames the operation as a growth story management aims to take to 10 million ounces.

Key points on Aris Mining Corp

Durrett says his earlier worry about permits at the Soto Norte project in Colombia has eased because conditions in the country have turned clearly positive.
He expects the company to build two large mines this decade and describes a lot of production growth alongside strong free cash flow.
He says the Guyana project adds a second source of growth, and expects the three main growth names not to print as 10-baggers.
Colombian jurisdiction caps his grade - he says a top 3-5 rating is possible but an A is unlikely, because of where the assets sit.
He notes insider ownership of only about 12% but does not expect anyone to pursue a takeover.

Key points on Avino Silver & Gold Mines Ltd

Durrett says the mill for La Preciosa will not be finished until 2030, yet expects the shares to react in the middle of 2028.
He lists Avino as one of the names most exposed to a takeover, pointing to insider ownership below 20%.
He calls the valuation ridiculously cheap, saying it trades at about $557 and setting his own target at roughly $175 to $200.
Two big projects mean he thinks growth this decade could be substantial, though the build timeline is long.

Key points on Aya Gold & Silver

Durrett calls Boumadine a thing of beauty and says the risk-reward on Aya is excellent.
He keeps the grade at a 3 because the outcome of building Boumadine is uncertain, and says the rating moves to a 3-5 once that mine is built.
He says Aya could be a 3-5 right now and describes it as borderline at that level.
He frames the company as a growing producer with a growth story.

Key points on Denarius Metals

Durrett says the fourth quarter is the make-or-break milestone for Denarius and that the mill build has slipped slightly.
Ramping now looks like the first quarter of next year rather than the fourth quarter, on a 1,500 tonne per day mill he does not expect to fill for two years.
He argues the Zancudo project alone is worth the company's market capitalization of about $230, and that the Lomero project in Spain adds a solid gold-equivalent asset.
He expects a Toronto listing next year, which he says would bring the company into Canadian ETFs where it is currently absent, and he notes strong insider ownership.

Key points on Discovery Silver Corp

Durrett and Osisko Gold Group are, in his words, his two favourite gold plays in Canada, and he argues Canada should attract rating premiums.
He says the rumour at Beaver Creek was that permits for Cordero are next in line and could arrive as soon as the fourth quarter.
He expects a roughly two-year build at Cordero that is large and generates a lot of free cash flow, calling it a turning point for the company.
He keeps Discovery in his top tier of 10-bagger candidates, calling it a 9 within the 10s.

Key points on Endeavour Silver Corp

Durrett says costs at Terronera are coming down, Pitirilla is about two years from production, and the company is highly undervalued as a silver producer.
He says people had a lot of good things to say about the company at Beaver Creek and that he likes it.

Key points on Gogold Resources

Durrett credits a strong management team and says GoGold is currently in construction, with a second project he believes would take output far higher.
He compares GoGold with Silver Tiger as near-twins and says he would like to see the two merge into a large Mexican silver producer.

Key points on Jaguar Mining Inc

Durrett says Jaguar is expanding production, that of three mills one is unused and two run at about 50% capacity, and that he likes the management team.

Key points on Luca Mining

Durrett says Luca paid $350 million for a project acquired from what he believes was Pan American Silver, and that it got the asset cheaply.
He sold Luca last year, bought it back, has it on his best list this year, and now sees it as a growth company.

Key points on Orezone Gold Corp

Durrett says he sold Orezone over trouble in Burkina Faso, then bought it back after the company acquired Casa Berardi in Canada.

Key points on Santacruz Silver Mining Ltd

Durrett calls Candelaria very cheap, saying a roughly $134 million valuation against about 5 million ounces a year implies around $5 billion of potential value, with no high capital cost expected.
He says strong insiders are unlikely to sell and that the secondary project in Arizona, which he believes is called the Phoenix Project, adds value on top.
He notes the Bolivia operation is generating solid free cash flow.
He ranks Santacruz among his roughly 25-bagger candidates.

Key points on Silver X Mining

Durrett says a recent news release updated resources to about 250 million ounces silver equivalent with higher grades and lined up a PEA, and that the company is starting to turn a corner.
He says the PEA is intended to expand production.

Key points on Talisker Resources Ltd

Durrett calls Talisker a slow-growth story - about 25,000 ounces this year and roughly 40,000 next, with 80,000 not until 2029 and 100,000 in 2030.
He lists Talisker as one of two names on the list he thinks could be taken out in a hostile takeover.

Key points on 1911 Gold

Durrett argues the roughly $200 million valuation is very cheap on the free cash flow it should generate.
The mill is due to start in the fourth quarter, but he expects only about 25,000 ounces in 2026, a disappointing 2027, and a rebound in 2028.
He sees a path to a 100,000-ounce Canadian producer - about 50,000 ounces from True North and another 50,000 from a secondary project.
He notes insider ownership around 30% and says they are not for sale, while warning the name will take more work to reach his top grade.

Key points on Aftermath Silver

Durrett says Aftermath is early stage with a PFS due next year, expects a low-cost large silver mine, and calls it under the radar at about $152 million.
He places Aftermath in the group of names he rates as potential 30-baggers.

Key points on Cabral Gold

Durrett puts Cabral at about a 5 million ounce project, likes where it is headed, and says it probably belongs on his top 25 and should re-rate quickly.
He says his takeover concern eased - he no longer thinks the company is for sale because management realises what it has.

Key points on Cerro de Pasco Resources

Durrett argues operating costs are effectively zero because the company receives by-product credits - he names iron and pyrite plus a third item - and stresses these are real credits rather than offsets.
On that basis the silver-equivalent and gold-equivalent output is close to all free cash flow, with very low all-in sustaining costs.
He puts the project life at 20 years and says it deserves a close look.
Permitting still has to happen, but he describes the build as fairly quick and says slurry handling would create no dust.

Key points on Chesapeake Gold

Durrett argues a roughly $177 million valuation against about 15 to 18 million ounces of gold is around $10 an ounce on the ground, and calls the valuation ridiculous for what the company has.
A dispute with the Mexican government over the San Vicente lease, which sits in the middle of the deposit, has delayed the project by about a year.
He expects to win the lease back but notes the company will not start a PFS until it has it.
He says the sulfide heap leach technology works and could be worth roughly $10 million a year in licensing, and expects another company to use it next year.
He expects the project to be built and describes it as another one too big to fail.

Key points on Lavras Gold

Durrett says Lavras has no PEA yet but has drill targets across the property, and that he was impressed by its Beaver Creek presentation.
He expects a 5 million ounce property but calls it the only stock on the list that is not a top pick.

Key points on Liberty Gold

Named once, as the seller of a Utah project that Heliostar has bought and is advancing.

Key points on Montage Gold

Not on the 37-name list, but Durrett says he really likes Montage's management team and CEO.

Key points on P2 Gold

Durrett puts P2 at a solid 10-bagger candidate - a 3 million ounce project in Nevada with a strong team, entering production shortly after Lahontan.
He suggests construction could come in 2027.

Key points on Silver One Resources

Durrett says Silver One enters production next year and plans an underground mine as soon as that is done, on a property with a lot of exploration potential.
He says management refused a bank loan at Beaver Creek and raised the money through equity instead, so the company may now have little or no debt.
He thinks the 20% dilution and the selling that followed were a mistake, and rates the company a B+.
He says the risk-reward looks good and compares it favourably with Silver Tiger.

Key points on Silver Tiger Metals

Durrett places Silver Tiger among the names he rates as potential 30-baggers.
He compares it with GoGold as a twin and says he would like to see the two merge into a large Mexican silver producer.

Key points on Vizsla Silver

Durrett says permitting is the whole story for Vizsla, expects the project to be permitted, and is not worried despite the lawsuits.
He names Vizsla as one of the names he expects could disappoint, while saying he loves the Panuco project and plans to own it.

Key points on Blackrock Silver

Durrett calls Blackrock the most attractive takeover candidate on the list.
He says Blackrock has offered Bunker Hill about $50 million for Hughes and should make a cash offer once the Silver 47 deal closes.

Key points on Highlander Silver Corp

Durrett says Highlander has a PFS due next year on the Coronado project, is fully permitted, and should reach construction around 2027 or early 2028.
He notes insider ownership of about 50% and says he really likes the management team and CEO.

Key points on Silver47 Exploration Corp

Durrett notes its deal with Bunker Hill has not closed yet and expects Blackrock to bid for Hughes in cash once it does.

Don Durrett's takeaways

Top takeaway His entry plan is to buy now with gold near $4,100 and weaker in October, then buy again below $4,000 and again below $3,700, describing three more buying opportunities.
He is targeting 8 winners out of 10 on this list, having told readers he expects about 7 out of 10 from his overall portfolio and no one to get 9 out of 10.
He expects the basket to average about a 15-bagger, which he calculates would make the whole group a 10-bagger, and says higher multiples are possible once a stock reaches three to five times.
His grading framework has no A-rated names; he says the best stocks are the 4-3-5s, and that near-term producers offer the best risk-reward, with late-stage names carrying more risk.
He says he owned the whole list going into Beaver Creek, added only to Osisko and Heliostar, and rotates positions into the stories he prefers.

Charles Funk's takeaways

Top takeaway Durrett says he liked what he heard from Charles Funk and the Heliostar team at Beaver Creek, and characterises them as focused purely on growing production.