Will these mining stocks go up in value?
For mining stocks, the year 2021 has been an intriguing one. The year 2020 was a great milestone for mining stocks as we know them today. As a result of the pandemic, mining stocks increased in value due to rising material and metal costs. This was clear to investors in commodities such as gold and silver.
Some people are unaware that, aside from gold and silver, there are numerous other mining industries that have fared successfully in recent years. Stocks like copper and lithium, for example, have done extraordinarily well in the market. This was due in part to the growing popularity of electric vehicles. Other mining equities that have gained in popularity include steel, aluminum, and uranium.
What is the most effective method of investing in mining stocks? It isn’t as difficult as it may look to find the right firm for you. Global news has a huge impact on mining stocks, so keeping an eye on what’s going on in the world can be very advantageous. Industry news is crucial when it comes to mining stocks. This can include, among other things, supply problems, demand, and closures. It’s also important to stay up with company-specific news while investing so you know where a firm you’re interested in is at. Let’s take a look at three mining stocks that are either performing well or have the potential to perform well in the future.
Top Mining Stocks To Watch
- Sandstorm Gold Ltd. (NYSE: SAND)
- Eldorado Gold Corporation (NYSE: EGO)
- IAMGOLD Corporation (NYSE: IAG)
Sandstorm Gold Ltd. (NYSE: SAND)
Sandstorm Gold is a gold royalty firm that purchases gold and other commodities from a variety of mining companies. The companies in question are developing or running mines that are at various phases of development. Sandstorm pays for gold streams or royalties up front and has the right to buy a share of the mine’s production for the mine’s whole life.
The company declared on October 6th that it had raised its credit facility to $350 million. Sustainability-linked incentive pricing terms are included in the ESG Revolving Loan. As long as Sandstorm’s sustainability goals are met, it will be able to lower borrowing rates by up to 5 basis points.
CFO 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.” 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.
The company also announced the sale of its Tocantinzinho Project to G Mining Ventures on August 9th. 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.” Noting this, will EGO be on your list of mining stocks to watch?
IAMGOLD Corporation (NYSE: IAG)
IAMGOLD Corporation is involved in the development and operation of gold mining operations in a number of countries. It presently operates in North America, South America, and West Africa. IAMGOLD holds active stakes in the Essakane, Rosebel, and Westwood mines, among others.
IAMGOLD released their third-quarter results for 2021 on November 3rd. The firm revealed its third-quarter results for 2021 on November 3rd. IAMGOLD’s adjusted EBTIDA was $265.7 million, with $121.6 million in mine-site free cash flow. During the same time period, IAMGOLD reported a total net loss of $20.1 million, or $0.04 per share.
CEO and President of IAMGOLD, Gordon Stothart said, “The third quarter of 2021 saw improvement in our operating performance supported by the continued strong results at Essakane. Rosebel performed in line with the revised plan. Construction activities at Côté continue to proceed well, reaching 36% project completion at quarter-end.”
Top Mining Stocks To Buy?
It might be tough to determine which gold 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, many gold stocks are projected to increase in value. So, which gold mining stocks will you be monitoring?
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