In December, the main focus of mining stocks has been on vaccine news. This is because vaccine news could potentially change the price of mining related assets like gold and silver. Now these vaccines are being distributed all over the world including the United States. Talks about a stimulus bill are also causing impact on the price of mining stocks. If there was no more stimulus and vaccines continued distribution, it is likely that the price of mining stocks would go down. So as a $908 billion valued stimulus bill continues negotiation open in the Senate, it gives hope to investors of mining stocks.
On the day of December 17th, many stocks in the market went up as markets rose to high highs. So that has made room for many great mining stocks to watch in the market. Vaccines are continuing distribution and this stimulus bill could fall into place very soon. It is likely that when this stimulus bill passes it could bring the price of mining related assets up. In turn, mining stocks could potentially rise as well. Now let’s look at four mining stocks that have been high performers this week in 2020.Top Mining Stocks To Buy Or Sell: Avino Silver & Gold Mines Ltd.
The first mining stock to watch is Avino Silver & Gold Mines Ltd. (ASM Stock Report). Avino is a mining company that will acquire, explore, mine, and advance various mineral properties. The company’s properties are located in Mexico and Canada. It actively owns 42 mineral claims, and leases four mineral claims. Avino also has 24 exploitation concessions covering 1200+ hectares of land. Let’s see what recent advances have been made for this mining stock and the company as a whole.
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Back in November, Avino released its consolidated financial results. Its third quarter 2020 results announced the company reduced its debt liabilities by $2 million. Avino’s revenue fell year over year despite this news. Its mine operating income went up 7% year over year though. The negative things impacting Avino have been the COVID-19 pandemic and related mine closures. The company also dealt with a recent strike, but has now resolved that issue. ASM stock price is up 14% on the day of December 17th. This places ASM stock price at $1.14 a share on average as of the same day. It will be interesting to see how the company performs in the future.Top Mining Stocks To Buy Or Sell: Taseko Mines Limited
The next mining stock to buy or sell on this list is Taseko Mines Limited (TGB Stock Report). This is a mining corporation that will acquire, develop, and operate various mineral properties. Taseko actively has interest in properties Gibraltar mine in British Columbia, the Yellowhead copper project, Aley niobium project, and other gold and copper projects. Its properties are all located in Canada and Arizona. Now let’s see how Taseko has been progressing in the market this year[Read More] Should Mining Stocks Be On Watch Before 2021
Back in November the mining company released a report of its $23 million bought deal, and up to $2 million concurrent private placement. Taseko entered this agreement with Cantor Fitzgerald Canada Corporation as a lead underwriter and sole book-runner to purchase 27,750,000 common shares of the company. This was accomplished at $0.83 per share. The deal was executed for aggregate gross proceeds of $23 million USD. The funds will be used for operational costs, engineering projects, other project costs, and progress at its Florence Copper Project. The funds will also be used for general corporate purposes and working capital. TGB stock price is up at around 12.9% on the day of December 17th. TGB stock price is at $1.36 per share on average on the day of.Top Mining Stocks To Buy Or Sell: Kinross Gold Corporation
Now let’s talk about Kinross Gold Corporation (KGC Stock Report). This is a mining company that currently will explore for land, acquire land, and develop gold related assets on its properties. Kinross has operations in the United States, Canada, Russia, and many other countries. Additionally, Kinross extracts and processes gold ore. Then it will produce and sell the precious minerals. The large company currently has 24.3 million ounces and 55.7 million ounces of proven and probable gold and silver respectively.
In November the company released financial results for its third quarter. This included highlights like an 86% increase year over year in operating cash flow, and production numbers staying at original guidance. KGC stock price has gone up to $7.45 a share on average as of December 17th 2020. This is about a 3.4% increase in stock price. On the same day it even reached up to $7.70 a share at one point.Top Mining Stocks To Buy Or Sell: Hecla Mining Company
The final mining stock to watch is Hecla Mining Company (HL Stock Report). Hecla Mining Company is a mining corporation that will discover, acquire, and develop mineral properties all over North America. This includes producing precious metals like lead, zinc, silver, gold, and more. Let’s look at what this large mining company has been up to in recent history. The stock market going up on December 17th had a good effect on the company
Back in November the company posted positive quarterly results including a sales increase of 24% year over year. The CEO of the company seems hopeful too, with positive statements coming out. Hecla entered a First Nation Cooperation agreement on December 10th. This means that Hecla’s 100% owned Casa Berardi mine will have further participation with training programs, employment, and advancement opportunities. HL stock price is at $6.40 a share on average as of December 17th. This was about a 10% increase in stock price on the day. Hecla has showed positive performance all throughout 2020. HL stock started the year at under $3 a share on average. So that is why HL stock could potentially make your list of mining stocks to watch.