Will these mining stocks go up before the month ends?
The mining stock sector has had a great year and a half in the market. 2020 was certainly a remarkable year for mining stocks, as this is when many metals reached new record high prices. As a result, plenty of mining stocks reached new record highs as well. But now we’ve been in 2021 for a while, so what is impacting this sector right now?
Currently, there are a lot of fears related to inflation in the market. Nobody knows how this will affect the price of mining stocks. Another thing impacting mining stocks is the pandemic. While things have calmed down in the U.S. because of vaccines, this is not the case in many other places around the world. The sooner the world recovers, mining companies will be able to work to a full capacity.
There are plenty of mining sectors you could watch in the market. Gold stocks and silver stocks have seen a lot of momentum, as they are often substituted to investing in traditional stocks when the market is down. Lithium stocks have increased a lot because of electric vehicles. EVs use lithium-ion batteries, and EV demand is only growing every year. For similar reasons as lithium, copper stocks are performing well in the market right now. There are many other sectors as well such as uranium, steel, and iron ore. With this info in mind, let’s take a look at three mining stocks that are performing well right now.
Top Mining Stocks To Watch
- Great Panther Mining Limited (NYSE: GPL)
- Fortuna Silver Mines Inc. (NYSE: FSM)
- FMC Corporation (NYSE: FMC)
Great Panther Mining Limited (NYSE: GPL)
Great Panther Mining Limited is a mining stock that explores for silver, gold, lead, copper, and zinc ore. These mineral deposits include the Tucano gold mine in Brazil, numerous assets in Mexico, among others. Great Panther recently had to suspend its operations at its Topia mine located in Mexico due to pandemic regulations. But then shortly after, these operations started back up again.
On July 22nd, Great Panther announced high-grade intercepts from its Tucano mine, at its Urucum North deposit. President and CEO Rob Henderson said, “We are very excited with the exploration results we are seeing from Tucano, which demonstrate the potential for additional near-term gold production. The high grades discovered at Urucum North are encouraging, and we are expediting studies to support a decision to initiate underground production to supplement the open pit feed to the mill. Drilling also identified shallow high-grade mineralization, which we believe will extend the Urucum North pit.”
The URN underground project believes that 40k-50k ounces of gold will be mined every year from the current open pit. With this info in mind, will GPL make your mining stock watchlist?
Fortuna Silver Mines Inc. (NYSE: FSM)
Fortuna Silver Mines Inc. is a mining stock that will explore, extract, and process precious and base metal deposits. All of its operations are generally out of Latin American countries like Peru and Argentina. Fortuna owns the Caylloma mine, San Jose mine, Lindero project, and more.
On July 2nd, the company completed a merger with Roxgold Inc. The President and CEO of the company said, “The successfully completed business combination creates a low-cost intermediate gold and silver producer with four operating mines and a permitted development project. The company will benefit from a robust exploration pipeline and expanded presence in the Americas and West Africa, two of the fastest growing precious metals producing regions in the world.”
Now the company has release positive production results from the first half of 2021. The company’s gold production rose 337% year over year, and its silver production increased by 49% year over year. With all of the positive progress that Fortuna is making, will FSM make your list of mining stocks to watch?
FMC Corporation (NYSE: FMC)
FMC Corporation is a mining stock operating as an agricultural science corporation that sells a plethora of items. This companydoes crop protection, plant health, and more products. It sells products like insecticides, herbicides, and fungicides for agricultural purposes. It also offers other products in the biological range as well.
On July 7th, the company was granted an interim injunction against agricultural chemicals manufacturer Natco for patent infringement. The EVP, general counsel and secretary of FMC Michael Reilly said, “FMC Corporation invests heavily in research and development to bring new innovations to farmers throughout India and around the world. We are deeply committed to ensuring farmers use genuine crop protection products from legitimate sources. We will pursue all appropriate measures as permitted under Indian laws to aggressively defend FMC’s intellectual property and safeguard farmers’ interests.”
FMC stock is up about 0.50% on the day of July 22nd. This company has reached new record high prices in 2021. Do you think that FMC can rise to new heights once again, and will it make your watchlist?
Best Mining Stocks To Buy?
Finding the best mining stocks to buy can be difficult for many. That is why doing proper research is essential if you want to make wise investments. Looking at company news, sector news, and world news can all help when investing in mining stocks. Look at company volume, charts, and look out for shortages as well. Which companies will make your mining stock watchlist this year?
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