Mining Stocks
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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Mining Stocks Library Archives
Like most silver stocks, Hecla Mining is heavily influenced by silver prices. But we think the direction of silver prices—and for Hecla shares—is upward. That’s in part because global demand for silver, used in solar panels, electric vehicles and other key green technologies continues to rise.
HECLA MINING, $6.17, is a buy. The company (New York symbol HL; TSINetwork Rating: Extra Risk) (www.hecla-mining.com; Shares outstanding: 626.3 million; Market cap: $3.9 billion; Dividend yield: 0.2%) explores for, mines and processes silver and gold in the U.S., Canada and Mexico.
Most of Hecla’s silver output comes from three sites: the Greens Creek mine in Alaska; the Lucky Friday project in Idaho; and the Keno Hill mine in the Yukon....
HECLA MINING, $6.17, is a buy. The company (New York symbol HL; TSINetwork Rating: Extra Risk) (www.hecla-mining.com; Shares outstanding: 626.3 million; Market cap: $3.9 billion; Dividend yield: 0.2%) explores for, mines and processes silver and gold in the U.S., Canada and Mexico.
Most of Hecla’s silver output comes from three sites: the Greens Creek mine in Alaska; the Lucky Friday project in Idaho; and the Keno Hill mine in the Yukon....
Barrick has moved up recently, along with gold prices—now hitting new all-time highs. The gains likely reflect growing belief among investors that easing inflation eliminates the need for any more interest-rate increases. That should push up investor demand for gold as the appeal of interest-bearing investments and the U.S....
AMERIGO RESOURCES, $1.66, is a buy for aggressive investors. The company (Toronto symbol ARG; TSINetwork Rating: Speculative) (www.amerigoresources.com; Shares o/s: 166.0 million; Market cap: $287.1 million; Dividend yield: 7.2%) is now using its strong cash flow to declare its first Performance Dividend of $0.04 a share, payable on August 6, 2024....
TECK RESOURCES LTD. $66 remains a buy for the Resources sector of your portfolio. The company (Toronto symbol TECK.B; Conservative Growth Portfolio, Resources sector; Shares outstanding: 517.5 million; Market cap: $34.2 billion; Price-to-sales ratio: 2.4; Dividend yield: 0.8%; TSINetwork Rating: Extra Risk; www.teck.com) recently sold 20% of its metallurgical coal operations (called Elk Valley Resources) to Japanese steel maker Nippon Steel Corp., and a further 3% to South Korea’s POSCO....
NEWMONT CORP. $42 is a buy for long-term growth and as a hedge against inflation. The company (New York symbol NEM; Aggressive Growth Portfolio, Resources sector; Shares outstanding: 1.15 billion; Market cap: $48.3 billion; Price-to-sales ratio: 3.0; Dividend yield: 2.4%; TSINetwork Rating: Average; www.newmont.com) acquired rival Newcrest Mining Ltd....
The outlook for a wide range of commodities continues to improve as the world’s economy recovers from the COVID-19 pandemic. The ongoing shift to electric-powered vehicles continues to spur demand for key metals such as copper and nickel.
These three leading commodity producers are preparing for the expected increase in demand with acquisitions and big new projects....
These three leading commodity producers are preparing for the expected increase in demand with acquisitions and big new projects....
Like most gold stocks, IAMGold’s shares are heavily influenced by gold prices. Still, the company’s positive cash flow and rising production provide lots of speculative appeal for investors.
IAMGOLD, $5.05, is a buy. The miner (Toronto symbol IMG; TSINetwork Rating: Speculative) (www.iamgold.com; Shares outstanding: 493.6 million; Market cap: $2.5 billion; No dividends paid) has just processed its first gold from its flagship Cote gold project.
With first gold now achieved, the next step and focus for IAMGold is the ramp-up to commercial production in the third quarter of 2024, with the goal of exiting the year at a 90% throughput rate.
IAMGold holds 64.75% of that massive gold deposit in northern Ontario through a joint venture with minority partner Sumitomo Metal Mining.
The project is forecast to produce 495,000 ounces of gold annually for the first six years....
IAMGOLD, $5.05, is a buy. The miner (Toronto symbol IMG; TSINetwork Rating: Speculative) (www.iamgold.com; Shares outstanding: 493.6 million; Market cap: $2.5 billion; No dividends paid) has just processed its first gold from its flagship Cote gold project.
With first gold now achieved, the next step and focus for IAMGold is the ramp-up to commercial production in the third quarter of 2024, with the goal of exiting the year at a 90% throughput rate.
IAMGold holds 64.75% of that massive gold deposit in northern Ontario through a joint venture with minority partner Sumitomo Metal Mining.
The project is forecast to produce 495,000 ounces of gold annually for the first six years....
Alamos is now undertaking an acquisition that will make it the third-largest gold producer in Canada. Notably, the new mine is next to its existing Island mine. That means lots of cost savings for Alamos in addition to higher overall production.
ALAMOS GOLD, $20.56, is a buy. The company (Toronto symbol AGI; TSINetwork Rating: Speculative)(www.alamosgold.com; Shares o/s: 397.0 million; Market cap: $8.2 billion; Dividend yield: 0.7%) is now acquiring Argonaut Gold (symbol AR on Toronto) and its troubled Magino mine in northern Ontario in an all-stock deal valued at $325 million U.S.
The transaction will create $515 million U.S....
ALAMOS GOLD, $20.56, is a buy. The company (Toronto symbol AGI; TSINetwork Rating: Speculative)(www.alamosgold.com; Shares o/s: 397.0 million; Market cap: $8.2 billion; Dividend yield: 0.7%) is now acquiring Argonaut Gold (symbol AR on Toronto) and its troubled Magino mine in northern Ontario in an all-stock deal valued at $325 million U.S.
The transaction will create $515 million U.S....
TECK RESOURCES LTD. $68 remains a buy. The company (Toronto symbol TECK.B; Conservative Growth Portfolio, Resources sector; Shares outstanding: 517.5 million; Market cap: $35.2 billion; Price-to-sales ratio: 2.3; Dividend yield: 0.8%; TSINetwork Rating: Extra Risk; www.teck.com) sold 5.9 million tonnes of metallurgical coal (a key ingredient in the making of steel) in the first quarter of 2024....
NEWMONT CORP., $29.87, remains a buy for long-term growth and as a hedge against inflation. The company (New York symbol NEM; Shares o/s: 1.2 billion; Market cap: $34.4 billion; TSINetwork Rating: Average; Yield: 3.4%; www.newmont.com) completed its acquisition of Newcrest Mining in November 2023....