Mining Stocks For Your Watch List In February
There has been numerous mining stock success stories in the last year. The price of precious metals like gold and silver soared in 2020 as a result of the pandemic and falling economy. Many mining stocks reached their all-time record highs during this time period. Gold prices pushed way past $2,000 per ounce, and silver prices spiked as well.
But, this isn’t a drastic impact on the price of gold. Gold is holding above its key price point of $1,900 per ounce at the moment. So what else is contributing to the increase of price that mining stocks have received recently? The pandemic is still going on and numbers are only going higher at the moment. The vaccine has arrived sure, but this doesn’t change the problem that has been imposed for the world. Mining stocks should be able to hold their momentum as long as this is the case.
When investing in mining stocks you should always look at the most recent updates that have come from a certain company. World news is also very important when investing in mining stocks. This has been clear in the last year when it comes to the sector. Some may think there isn’t room to invest in mining stocks or that it is too late. But there is still plenty of mining stocks to watch. Let’s look at four mining stocks that have been trending in the market recently.
Top Mining Stocks To Watch
- Coeur Mining Inc. (NYSE: CDE)
- Silvercorp Metals Inc. (NYSE: SVM)
- MAG Silver Corp. (NYSE: MAG)
- Avino Silver and Gold Mines Ltd. (NYSE: ASM)
Coeur Mining Inc.
First up on this list Coeur Mining Inc. Coeur is a company that explores, develops, and produces for various mineral resources. Some of the resources that the company searches for are silver, gold, zinc, and lead properties. It holds 100% interest in the Palmarejo mine, Rochester mine, Kensington mine, Wharf gold mine, among many others. The company markets these metals to third party refiners and smelters in various locations. Coeur’s products are sent to the United States, Japan, and Switzerland. The property Coeur holds is located in Mexico, Alaska, Nevada, South Dakota, and Canada. Let’s look at its 2021 performance.
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The company’s latest update came out on January 12th. This update announced that the company will report its fourth quarter and full year 2020 operational and financial results. This will occur on Wednesday, February 17th, 2021 after the New York Stock Exchange closes for trading. This is likely when we will see the next price movement for the company. Now we await to see what is next from Coeur Mining.
Silvercorp Metals Inc.
Next up on this mining stock list is Silvercorp Metals Inc. Silvercorp is a mining company that acquires, explores, develops, and mines for mineral properties. The China based company mainly looks for silver, gold, lead, and zinc. It actively has interest in the Ying silver lead zinc project and the GC silver lead zinc mine. Let’s see what this mining corporation’s recent advancements have been. SVM stock price went up a lot back in 2020.
Silvercorp’s latest update was released on January 15th. The mining company reported its operational results and financial results for the third quarter of 2021. Its production numbers were 1.7 million oz silver, 900 oz gold, 17.1lbs lead, and 8.7 million lbs zinc. Recently the company also won the auction to acquire the Zhonghe Silver Project located in Henan Province, China. That is all of the most recent updates that have come from Silvercorp. This mining stock could potentially show great progress, but only time will tell.
MAG Silver Corp.
Next up on this mining stock list is MAG Silver Corp. MAG Silver is a mining business that will primarily acquire land, explore it, and develop mineral properties within. It searches for silver, gold, lead, and zinc deposits respectively. Currently the company holds a 44% interest in the Juanicipio project in Mexico. This project is a 56%/44% joint venture between Fresnillo plc and MAG. Now let’s see what MAG’s 2021 performance looks like so far.
On January 27th, this mining company reported its fourth quarter production from Juianicipio. The company stated that its production was 230,000 ounces of silver and 443 ounces of gold. The President and CEO of the company, George Paspalas said, “We’ve now successfully milled close to 73,000 tonnes of development material at the Fresnillo plant since early August of 2020 generating cash-flow to help offset capex and gaining valuable metallurgical understanding at the same time”. That is the latest update from MAG.
Avino Silver & Gold Mines Ltd.
The final company on this list of mining stocks is Avino Silver & Gold Mines Ltd. Avino is a silver company that will acquire, explore, mine, and advance various mineral properties. A majority of the company’s properties are located in Canada and Mexico. It actively owns 42 mineral claims and leases four mineral claims. It also has 24 exploitation concessions in which cover more than 1200 hectares of land. So what has Avino been up to recently, and why is it trending in the market?
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Its latest update was on January 13th. This was the announcement of a 60% increase in measured and indicated resources to 75.9 million ounces silver equivalent. This advancement took place at the Avino Property. The President and CEO, David Wolfin stated, “We are thrilled to have successfully gone over and above replacing mining depletion since the previous report, by adding significant additional measured and indicated resources at the Avino property.” That’s the last we heard from Avino.
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