best mining stocks to watch right now

Which Mining Stocks Are Best Right Now?

There’s no denying that mining stocks and precious metals have gained attention a lot more recently. One of the biggest reasons for the most recent surge has been the U.S. attack in the Middle East. This saw the killing of Iran’s top general, Qasem Soleimani and a massive uprising against the United States.

In the midst of this, there are also questions related to the continued China-US trade war. Though there was a “phase 1” deal fleshed out, much is still to be seen. One of the main points of contention is what happens after “phase 1.” How many other phases will there be and can we achieve them before the 2020 U.S. election?

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All of this has helped culminate into a warm market for mining stocks. We’ve seen numerous gold stocks and other precious metals miners jump over the last few weeks. Heading into the new year, attention remains focused on this industry as well. With this in mind, let’s have a look at some of the top mining stocks to watch right now.

Best Mining Stocks To Watch: Generation Mining (GENM)

Over the past month, shares of Generation Mining (CSE:GENM) have sailed higher.After beginning December around $0.22, the new year has shown more bullish favor for the mining stock. This week, the miner reached highs of more than $0.38 on strong trading volume.

What helped boost GENM stock? Recently the company reported results of an independent Preliminary Economic Assessment study. In it, the results showed positive information. According to the company, the report cited that its Marathon Palladium and Copper Project could produce an average of 194k palladium equivalent ounces per year over a 14-year lifespan. That includes credits for things like copper, platinum, gold, and silver.

[Read More] 2 Gold Stocks To Watch As Gold Hits New High

Furthermore, the project could generate a base case of after-tax cashflows of $520 million in years 1-3. That would mean a 2.5 year payback period on the project. As far as actual palladium production’s concerned, highlights of the study show an average of 107k ounces annually over the life of the mine. The assumed cash cost per ounce was $504USD with all-in sustaining costs of $586USD.

best mining stocks to watch Generation Mining (GENM)

Best Mining Stocks To Watch: Aurcana Corporation (AUN)

Another one of the top mining stocks to watch right now has been Aurcana Corporation (TSXV:AUN). Shares have risen by nearly 60% within the last 40 days, however, the last piece of news came well-before then.

Back in early November, Aurcana released an update on its underground development and resource expansion plans. The company has initiated a vertical development to access the 1500 level at its Revenue-Virinius mine in Colorado. Once that’s complete, it will be able to expand laterally as well. By doing so, Aurcana expects to gain information that could allow “inferred” resources to be converted to a minimum category of indicated resources. This would allow the conversion of these resources to reserves.

Essentially, the company hopes that if this is successful, there’s potential to increase the life of the mine. Kevin Drover, President and CEO of Aurcana, stated, “We continue to cross important milestones in the ongoing development and progress to production for our Revenue-Virginius mine. I look forward to moving to Colorado to be closer to operations at the site and the efficiencies it should bring, setting us up for exciting opportunities for value creation in 2020.”

best gold stocks to watch Aurcana Corporation (AUN)

Best Mining Stocks To Watch: New Pacific Metals (NUAG)

Finally, New Pacific Metals (TSXV:NUAG) has become explosive over the last 12 months. As we highlighted in an article the other day, there are several gold stocks that have performed impeccably well, year-to-date. New Pacific focuses on silver mining. In fact, year to date, New Pacific stock has climbed by more than 360%.

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Late last month the company announced the expansion of a project in Bolivia. Its newly acquired Special Temporary Authorization consists of 6 hectares and will total 0.50 sq km once it has been consolidated to concessions. These are called “cuadriculas” whereby the land will be converted to Mining Administrative Contract with Bolivia’s Autoridad Jurisdiccional Administrativa Minera.

The site has historic mining dumps around it and mineralization that suggest something similar so Silver Sand. This expands on the company’s growth in Bolivia as well. The company’s Silver Sand property has reported assay results from this property last year. These showed silver mineralization ranging from 50-200 meters with average silver values between 33-289 grams per ton. The company expects “geological logging and sampling of completed holes, data analysis and various QA/QC initiatives in preparation for the inaugural NI 43-101 resource estimate in Q1 2020.”

best mining stocks to watch New Pacific Metals (NUAG)


Midam Ventures, LLC | (305) 928-8939 | 1501 Venera Ave, Coral Gables, FL 33146 | news@goldstocks.com
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