Mention of us here Honorable mentions:
Centerra Gold (TSX:CG): This big mid-tier gold Canadian miner realized a very competitive cost per ounce in 2016 and expects to cut costs even further in 2017. Its Kyrgyzstan operation yielded a very strong result in 2016. Next to gold, Centerra’s copper production is worth noting as prices for this metal just leapt to two-year highs, providing a nice extra income for Centerra this year.
With new deals in the making, Centerra Gold stands to continue to be a force in the Canadian stock market, and a fair bet for investors.
Royal Nickel Corporation (TSX:RNX): While investor attention is about to refocus on zinc, it’s possible that nickel is being overlooked, and while this stock has been a recent top decliner, if nickel demand growth is overlooked, RNC could be a good stock to hold.
RNC's principal assets are the producing Beta Hunt gold and nickel mine in Western Australia, the Dumont Nickel Project located in the established Abitibi mining camp in Quebec and a 30% stake in the producing Reed copper-gold mine in the Flin Flon-Snow Lake region of Manitoba, Canada.
RNC’s stock price has lagged since July, but a recent uptick in nickel prices could revive this stock once again.
First Quantum Minerals (TSX:FM) is a Canadian mining company specializing in copper. While copper may be the company’s primary focus, it also owns several gold, cobalt, and zinc producing mines. First Quantum operates mines and development projects all over the world, including Australia, Africa, Spain, Finland, Turkey, and Latin America.
First Quantum has a market value of over $13-billion, and analysts are becoming increasingly bullish about the company.
Fortune Minerals (TSX:FT) is a major player in the cobalt space. Operating in Canada’s Northwest Territories, Fortune is eyeing status as a major Canadian producer of battery-grade cobalt chemicals--but it’s also got copper and gold bismuth upside. And it’s getting a boost from the government in terms of mining infrastructure.
Fortune’s modest market cap and low buy in make it a great stock for investors looking to get a piece of the electric vehicle revolution. The company’s value has increased significantly over the past year, but it hasn’t yet reached its peak.
Endeavor Silver (TSX:EDR) operates three silver-gold mines in Mexico, but it’s also got three attractive development projects. Production has dropped, and all-in sustaining costs have risen, leading to a negative cash flow. But the company has significantly reduced its debt, so its future is anything but bleak.
By 2018, with development in the pipeline, this stock might be prohibitively expensive again because there is plenty of near-term growth potential here. It’s also got further upside with zinc and should get a boost in this coming bull market. Catalysts include positive reserve estimates for its fifth mine, the Terronera silver/gold project in Mexico’s Jalisco state.