Bullboard - Stock Discussion Forum Metallic Minerals Corp MMNGF

Primary Symbol: V.MMG

Metals & Mining Industrial Metals & Minerals

Metallic Minerals Corp. is a resource-stage mineral exploration company, focused on copper, silver, gold, and platinum group elements in the North American mining jurisdictions. The Company's projects include La Plata, Keno Silver and Alluvial Royalties. The La Plata project covers approximately 44 square kilometers (km2) within the historic high-grade La Plata mining district located at the... see more

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Metallic Minerals Corp > WHAT'S CAUSING THE SELLING?

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Post by SilverSam on Nov 20, 2024 7:19pm

WHAT'S CAUSING THE SELLING?

It's not just MMG that is clobbered by share depreciation. Most precious mining stocks are currently suffering a similar fate. Check out what is happening to NFG.

It most likely has to do with year-end tax selling. U.S. markets have had a phenomenal year, and mining stocks are the easiest target to bring down tax costs.

While the selling will likely continue for a few more weeks, get ready for a big recovery by Christmas and into the new year. Those adding to their positions next month should benefit handsomely.