Mining stocks had a great run in 2020, but nobody knew what would happen when 2021 came around. This is mainly due to the volatility in the world caused by the pandemic. Initially COVID-19 made gold stocks and silver stocks skyrocket as investors put their money into metals instead of the dollar. This momentum carried both metals to a new record high in the market.
In 2021 so far there have been plenty of high performing mining stocks in the market. Some believe that gold and silver are the only types of mining stocks that perform well. But there are plenty of other mining niches that are high performing in 2021. One of these is lithium stocks which are going up because of the electric vehicle market. Lithium ion batteries are one of the main components used in making electric vehicles.
Copper, lead, uranium, among others are also great mining stocks to watch. Now COVID-19 restrictions in the United States are lowering at a fast rate. Even one of the strictest states, California, has removed mask restrictions for vaccinated people and removed capacity limits. This means that industrial companies that previously had to slow down or halt work can now operate at the highest level. This has caused a lot of ups and downs for different materials this year. For example, a few months ago there was increased demand for copper and iron as industrial companies started working to the fullest. Now these materials are not performing as well, despite still being high in the market. So let’s look at three mining stocks that are doing great in June.Top Mining Stocks To Watch
- Endeavour Silver Corp. (NYSE: EXK)
- Royal Gold Inc. (NASDAQ: RGLD)
- Pan American Silver Corp. (NASDAQ: PAAS)
Endeavour Silver Corp. is a mining stock that acquires land, explores on said land, and develops it. The company also works on the processing, refining, and reclamation at its mineral properties. Endeavour’s primary focus is searching for gold and silver deposits. Recently the company announced that its drilling intersected high grade silver gold mineralization in multiple veins at the Terronera Project in Jalisco, Mexico.
The VP of exploration Luis Castro said, “These results support our view that the Terronera property continues to have significant potential to discover new mineralized zones and grow the mineral resources in multiple veins proximal to the already defined reserves and resources in the main Terronera vein. Over the past couple years, our drill programs have focused solely on delineating reserves and resources within the main Terronera vein to increase the level confidence for the Feasibility Study. During this time, surface exploration work was performed to develop and prepare additional targets in the region. These drill results verify that our detailed, methodical approach continues to be the right approach.” Keeping all of this information in mind, will EXK make your list of mining stocks to watch this week?Royal Gold Inc. (NASDAQ: RGLD)
Royal Gold Inc. is a royalty based gold stock that acquires and manages royalties and metal streams. The company accomplishes this for stream or royalty interests. Royal Gold’s target minerals are are gold, silver, copper, zinc, nickel, lead, and cobalt. Currently the company has 189 locations on 5 continents. Royal Gold operates 41 mines and 17 developmental stage projects.
There are a few things that Royal Gold has done recently to help the company. On June 16th the company participated in the Renmark Financial Communications Virtual Non-Deal Roadshow Series. It also recently presented at the J.P. Morgan Energy, Power & Renewables Conference. In addition to these conferences Royal Gold presented at the 44th Nasdaq Virtual Investor Conference. Generally RGLD stock price will move based on the price of gold itself’s momentum. But events like these can often have an effect on a company’s stock price as well. Noting all of this, will RGLD stock make your watchlist today?Pan American Silver Corp. (NASDAQ: PAAS)
Pan American Silver Corp. is a mining stock laser focused on the exploration, development, extraction, processing, refining, and reclamation of silver mines. It operates these mines in Canada, Mexico, Peru, Argentina, and Bolivia. The company additionally sells and produces gold, zinc, lead, and copper.
Pan American’s first quarter earnings released last month were not the best in the company’s history. This is primarily because of COVID-19 setbacks. PAAS stock hasn’t had the best performance lately, but if silver prices rise again this could change.
The President and CEO of the company Michael Steinmann said, “Q1 was a challenging quarter, as the COVID-19 pandemic continues to grip Latin America, impacting our workforce, communities and operations. At La Colorada, we experienced large inventory build-ups and a blockage of a ventilation project that occurred during commissioning, which reduced Q1 sales and production. These are transitory issues expected to be resolved during the remainder of 2021, with the roll-out of vaccination programs across our operating jurisdictions alleviating some of the impact of the pandemic.” Will PAAS make your mining stock watchlist?Mining Stocks In 2021
As the year progresses, there are more and more mining stocks to watch. The sector is still in a volatile state. Some think gold and silver prices could move up soon because of inflation. The issue is that no matter what any analyst says, nobody knows for sure. So that is why research is important when investing in mining stocks. So which companies will make your list of mining stocks to watch in 2021?