While sometimes risky, mining stocks can also be strong performers when commodity prices move up. However, due to the volatility of these stocks, Pat McKeough recommends that they only form a modest part of a well-balanced portfolio.
Canadian penny mining stocks are some of the riskiest stocks you can buy. These companies are trying to find mineral deposits that mine at a profit and such a find are exceedingly rare. Because of this, it’s even more important to look for investment quality in penny mines.
For example, we automatically rule out investing in penny mines that promote themselves too aggressively or do so misleadingly. The mine-finding effort is more likely to succeed if the managers focus on finding a mine rather than hyping their stock.
Junior mining stocks are usually smaller companies that typically take on riskier mining projects. However, if a junior mining stock is successful at finding and mining, it can mean huge returns for investors.
No matter what type of mining stocks, or other stocks you invest in, TSI Network recommends following our three-part Successful Investor strategy:
- Invest mainly in well-established, mostly dividend-paying companies;
- Spread your money out across most if not all of the five main economic sectors (Manufacturing & Industry; Resources & Commodities; Consumer; Finance; and Utilities);
- Downplay or avoid stocks in the broker/media limelight.
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As a result, it expects to produce 6.5 million ounces of gold in 2021, up 8.3% from 6.0 million ounces this year.
Newmont also expects its annual gold output will rise to between 6.2 million and 6.7 million ounces for both 2022 and 2023....
Demand for Major’s specialized drilling services, especially from senior gold producers, is beginning to recover....
NEWMONT CORP. $63.45, remains a buy. The stock (New York symbol NEM; Shares outstanding: 803.1 million; Market cap: $50.4 billion; TSINetwork Rating: Average; Dividend yield: 1.6%; www.newmont.com) is now selling 11 more royalty streams to Vancouver-based Maverix Metals Inc....
CALIAN GROUP $62.75 is a buy. The Ottawa-based company (Toronto symbol CGY; TSINetwork Rating: Extra Risk) (www.calian.com; Shares outstanding: 9.7 million; Market cap: $621.9 million; Dividend yield: 1.8%) provides engineering and tech support mostly to government....
Yamana has announced that it is in the advanced stages of applying to list its shares on the London exchange’s Main Market.
The stock is already listed on the New York exchange, as well as Toronto.
Yamana believes that listing on the LSE, too, will improve its trading liquidity, as well as let it tap European investors if it wants to raise funds in a share issue....