Will these mining stocks be on your watchlist right now?
What should you look for while investing in mining stocks? The first is obviously international news. What is going on in the world may have a greater impact on mining stocks than you believe. The following item on the agenda would be industry news. This includes significant price fluctuations in precious metals or strong financial results from a number of corporations. Because of the current volatility, some investors may turn a blind eye to mining equities. However, there are a plethora of promising mining stocks to keep an eye on before 2022.
So many mining stocks have risen in value in the last year. The pandemic generated an unanticipated predicament for these mining assets. There are numerous types of mining stocks that could be good investments. The first is the most common sector in this specialization. These are equities that are tied to gold and silver. Gold and silver equities have skyrocketed in value during the last year. This is because, during the recent economic downturn, many traders shifted their focus away from the dollar and into metal assets.
You might be asking what procedures you should follow while investing in mining stocks. Well, it’s always a good idea to keep up with the latest industry news. The news from around the world has a significant impact on precious metals. You should also consider the trading volume of a stock in which you are considering investing. Let’s look at three mining stocks to watch before 2022
Top Mining Stocks To Watch
Eldorado Gold Corporation (NYSE: EGO)
Eldorado Gold Corporation is a company that specializes in mineral resource exploration, discovery, acquisition, development, production, and sale. Gold, silver, lead, zinc, and iron ores are among Eldorado’s primary interests. It now operates five mines: Kisladag and Efemcukuru in Turkey, Lamque in Canada, Olympias and Stratoni in Greece.
Eldorado stated a few months ago that it would begin issuing $500 million in senior notes due in 2029. The proceeds will be used to redeem the company’s $234 million 9.500 percent senior secured second lien notes 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.” Noting this, will EGO be on your list of mining stocks to watch before 2022?
McEwen Mining Inc. (NYSE: MUX)
McEwen Mining Inc. is a company that specializes in the exploration, development, production, and sale of natural resources. This company is interested in silver, gold, and copper, among other metals. It owns 100% of the El Gallo project, 100% of the Fenix project, 100% of the Black Fox mine, and a plethora of additional projects. It owns and operates hotels in Mexico, Canada, Argentina, and the United States.
McEwen released its third-quarter 2021 results in November. The company stated that it is on track to meet its production targets for 2021. In terms of operations and money, the corporation believes it has achieved great progress. McEwen has $72.7 million in cash and liquid assets and $45.8 million in working capital as of September 30th, 2021.
The company stated, “We continue to execute our turnaround strategy and have made significant progress both from an operational and a financial perspective. We expect this trend to continue with the ongoing production ramp-up from the Froome deposit at the Fox Complex.” With this in mind, will MUX be on your mining stock watchlist?
IAMGOLD Corporation (NYSE: IAG)
IAMGOLD Corporation is a mining business that develops and runs gold mining operations in a number of countries. It presently operates in North America, South America, and West Africa. IAMGOLD has an active stake in several mines, including the Essakane, Rosebel, and Westwood mines.
IAMGOLD revealed 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 also suffered 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.” Noting this advancement, will IAG stock be on your watchlist?
Top Mining Stocks To Buy Before 2022?
It’s difficult to determine which mining stocks to invest in. Because the market is currently so volatile, it is vital to conduct extensive research before investing. In August 2021, the value of several mining stocks is likely to climb. So, which mining stocks will you be keeping an eye on?
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