Will these mining stocks make your watchlist?
At the moment, there are concerns about inflation when it comes to mining stocks, and no one knows what impact this will have. However, if there is a significant amount of inflation, it will likely affect most, if not all, mining equities. There are still a lot of mining equities that are rising in value right now. These businesses often do well when the products they seek become more expensive.
Developing an investment strategy can be really useful. While more detailed information is accessible, let’s stick to the basics of mining business tracking. Keeping up with global happenings is crucial when investing in mining firms. This is especially true in 2021 due to the epidemic. Sector news is also important when it comes to investing in these shares. So which mining stocks are performing well right now?
- Sandstorm Gold Ltd. (NYSE: SAND)
- Eldorado Gold Corporation (NYSE: EGO)
Sandstorm Gold Ltd. (NYSE: SAND)
Sandstorm Gold is a gold royalty company that buys gold and other commodities from various mining companies. The companies in question are building or operating mines in varying stages of development. Sandstorm pays for gold streams or royalties in advance and has the right to purchase a portion of the mine’s output for the duration of the mine’s life.
On October 6th, the firm announced that it has increased its credit facility to $350 million. The ESG Revolving Loan includes terms for incentive pricing that are tied to sustainability. Sandstorm will be able to cut borrowing costs by up to 5 basis points if its sustainability goals are satisfied.
Chief Financial Officer of Sandstorm, Erfan Kazemi said, “We’re pleased to announce that Sandstorm is the first royalty company with a credit facility linked to sustainability goals. With this credit agreement, the Company is helping to lead a new era of corporate lending that benefits shareholders while promoting corporate responsibility.” Noting this info, will SAND be on your list of mining stocks to watch?
Eldorado Gold Corporation (NYSE: EGO)
Eldorado Gold Corporation is a company that specializes in mineral resource exploration, acquisition, development, production, and sale. Gold, silver, lead, zinc, and iron ores are among Eldorado’s key interests. It now operates five mines: Kisladag and Efemcukuru in Turkey, Lamque in Canada, Olympias and Stratoni in Greece.
Eldorado announced the start of a $500 million senior notes offering due in 2029 on August 9th. The money will be used to pay down the company’s $234 million 9.500 percent senior secured second lien notes, which are due in June 2024.
George Burns, President and CEO of Eldorado said, “This transaction provides Eldorado with immediate value for TZ, while also retaining meaningful exposure to future value creation through our equity stake in GMIN.” Based on this information, is EGO stock a contender for your mining stock watchlist in December?
Top Mining Stocks To Buy?
It might be tough to determine which mining stocks are the best to invest in. Because the market is so volatile right now, doing a lot of research before investing is crucial. In December 2021, it will be interesting to see how these equities perform. So, which gold mining stocks will you be monitoring?
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