Will These Mining Stocks Increase In Price?
2021 has arrived and with it has come plenty of trending mining stocks. A large quantity of mining stocks drastically increased in price in 2020. This has increased the amount of eyes on the mining sector in the last year. So with 2021, many investors have high expectations. Gold and silver prices were able to reach record highs last year. This begs the question, where are the metals at now? Well, gold and silver prices are still very high at the moment although less high than in 2020. There are many other types of mining stocks to watch in the market as well. One trending market sector has been lithium stocks. These mining stocks are performing well for two reasons. The first and main reason has to do with electric vehicles. Electric vehicles use lithium ion battery technology in their cars.
Many lithium companies have deals with corporations like Tesla to give batteries. The second reason is because these batteries are used in all kinds of technology. Tech stocks have been performing very good as well. Copper stocks are performing as a result of increasing prices. It is clear that at this point many different types of mining stocks are performing. It is always important to keep up with the latest sector news and world news when investing. Looking at a stock’s volume can also be important as it can potentially dictate the direction it is moving in. At this point mining stocks could go either way making them volatile assets. But there are plenty of mining stocks that you should keep your eye on. Let’s check out four mining stocks that are showing high performance in the market recently.
Top Mining Stocks To Watch
- SilverCrest Metals Inc. (NYSE: SILV)
- Golden Star Resources Ltd. (NYSE: GSS)
- Compañía de Minas Buenaventura S.A.A. (NYSE: BVN)
- Seabridge Gold Inc. (NYSE: SA)
SilverCrest Metals Inc.
First up on this list of mining stocks to watch is SilverCrest Metals Inc. Silvercorp acquires, explores, and mines at different mineral properties. All of its assets are located in China. Its exploration materials in target are silver, gold, lead, and zinc. The company owns interest in many projects such as the Ying project in Henan Province, China. Let’s see how SilverCrest is performing mid March 2021.
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On February 24th the company announced its initial drill results for its El Picacho Property. This news announced its 21 drill hole intercepts averaged 4.1 meters of grading; 660 g/ppt AgEq. The CEO of the company, N. Eric Fier said, “We acquired El Picacho only six months ago, and in this short time period, SilverCrest’s exploration team has negotiated surface rights, completed preliminary geological surface and underground exploration work, received a five-year drilling permit, set up a COVID-19 isolation camp with strict protocols, and have already made some significant discoveries.”
Golden Star Resources Ltd.
Now let’s discuss Golden Star Resources Ltd. which has performed very well in the market recently. Golden Star is a mining and exploration company based in Canada with a primary focus on gold. It actively runs the Wassa open-pit gold mine in Tarkwa, Ghana. It also holds processing plants and underground mines. One example was the Bogoso gold mining and processing property in Ghana, which has now been sold. It also holds interest in multiple gold related projects in both Ghana and Brazil.
Back in January we got the newest look on how the company is performing. It reported its 2020 preliminary production results and provided guidance for 2021. Its total production increased by 7% year over year. Andrew Wray, President and CEO of Golden Star said, “During FY 2021, we expect to see similar grades at Wassa as in 2020 with a small increase in mining rates and plan to continue to process low grade stockpiles throughout the year.”
Next up on this list is Compañía de Minas Buenaventura S.A.A. Compañía de Minas Buenaventura is a precious metal company that will explore, mine, and process various different minerals. These include gold, silver, lead, zinc, and copper metals. Its mining operations take place in the United States, Europe, Asia, and Peru. Compañía de Minas Buenaventura owns a variety of mines in all of these places. Compañía de Minas Buenaventura also produces manganese sulphate for use in agricultural and mining industries, as well as providing electrical transmission services.
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The company’s latest update comes from February 25th, when it joined earnings season with its newest results. Its EBITDA from operations was $59 million compared to $73.9 million the previous year. Its net loss also increased in 2020. This caused BVN stock price to fall down after earnings were reported. But BVN stock seems to still have positive days in the market. This is because often the price of BVN stock is dictated by metal prices. In the last year, this gold stock has still increased in value by more than 50%.
Seabridge Gold Inc.
The final company on this list of mining stocks is Seabridge Gold. Seabridge Gold is an acquisition and exploration based gold company in North America. It will search for gold, silver, and copper ores. Primarily it operates the Kerr-Sulphurets-Mitchell property in Canada. It also operates various other properties throughout North America.
The company recently presented at the BMO 30th Global Metals and Mining Conference. It also participated in Red Cloud’s 2021 Pre-PDAC Mining Showcase early this month. Just one year ago SA stock was under $8 a share on average. It will be interesting to see the growth of Seabridge and SA stock this year.
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