Wednesday , 6 December 2023

These 5 Junior Mining Stocks Would Benefit Most From A Further Copper Price Increase (+3K Views)

The copper price is at a 20-month high, amid supply concerns and growingCopper-USFS demand from increased infrastructure spending by governments…. Today, we have identified 5 junior mining stocks that would benefit most from a further rise in the copper price.

The comments above and below are excerpts from an article by which has been edited ([ ]) and abridged (…) to provide a fast & easy read.

1. Cordoba Minerals Corp. (TSXV: CDB) – $1.49 Canadian
Specialty Mining & Metals

Cordoba Minerals Corp. is a Canada-based exploration and development company with exploration projects in Colombia.

It holds an interest in the San Matias Copper-Gold Project (the San Matias Project), which is an early-stage exploration project located approximately 200 kilometers north of the city of Medellin. The San Matias Project consists of an approximately 20,000 hectare land package on the inferred northern extension of the Mid Cauca Belt, located in the Municipality of Puerto Libertador, in the Department of Cordoba, Colombia.

It also holds an interest in the Alacran Copper-Gold Project (Alacran), which is located within an approximately 390-hectare mining title in the northern central parts of the San Matias Project.

  • Market Cap: $130 million CAD
  • Total Revenue (LTM): $0
  • 52-Week Total Return: +831.3%
  • Debt to Equity (FY0): $0.0%

2. Capstone Mining Corp. (TSX: CS) – $1.67 Canadian
Specialty Mining & Metals

Capstone Mining Corp. is a mining company engaged in the production of, and exploration for, base metals in the United States, Mexico, Canada and Chile.

Its subsidiary, Pinto Valley Mining Corp., owns and operates the copper Pinto Valley Mine located in Arizona. Another subsidiary, Capstone Gold, S.A. de C.V., owns and operates the copper-silver Cozamin Mine located in Zacatecas, Mexico, while Minto Explorations Ltd., yet another subsidiary, owns and operates the copper Minto Mine located in Yukon.

  • Market Cap: $650 million CAD
  • Total Revenue (LTM): $605 million CAD
  • 52-Week Total Return: +391.2%
  • Debt to Equity (FY0): 40.8%

3. Erdene Resource Development Corp. (TSX: ERD) – $0.86 Canadian
Specialty Mining & Metals

Erdene Resource Development Corporation is a Canada-based resource company focused on the acquisition, exploration and development of base and precious metals in Mongolia.

The Company holds four exploration licenses covering approximately 10,730 hectares and a mining license covering over 6,040 hectares.

The exploration licenses include Altan Nar, a gold-polymetallic project that the Company is advancing toward a production decision; Bayan Khundii, an earlier-stage gold discovery; Khuvyn Khar, an early-stage copper-silver porphyry project with multiple drill targets and copper intersections; and Zuun Mod, a molybdenum-copper porphyry deposit, and Altan Arrow, an early-stage gold-silver project.

  • Market Cap: $109 million CAD
  • Total Revenues (LTM): $0
  • 52-Week Total Return: +514.3%
  • Debt to Equity (FY0): 12.1%

4. Excelsior Mining Corp. (TSX: MIN) – $0.87 Canadian
Specialty Mining & Metals

Excelsior Mining Corp. is a Canada-based company, which is in the process of exploring and evaluating its exploration and evaluation assets.

The Company is conducting exploration and evaluation activities related to the Gunnison Copper Project located within the copper porphyry belt of Arizona located approximately 60 miles southeast of Tucson on the southeastern flank of the Little Dragoon Mountains in the Johnson Camp Mining District. The Gunnison Project contains copper oxide and sulfide mineralization with associated molybdenum. In addition, the Company owns the Johnson Camp Mine, a copper heap leach operation located due north of the Gunnison Project wellfield on the north side of Interstate 10.

  • Market Cap: $145 million CAD
  • Total Revenue (LTM): $0
  • 52-Week Total Return: +278.3%
  • Debt to Equity (FY0): 0.0%

5. Taseko Mines Ltd. (TSX: TKO) – $1.94 Canadian
Specialty Mining & Metals

Taseko Mines Limited is a mining company engaged in the production and sale of metals, as well as related activities, including exploration and mine development, within the province of British Columbia, Canada and the State of Arizona.

Its operating asset is the Gibraltar Mine, a copper mine located in central British Columbia. It also owns the New Prosperity Gold-Copper, a gold-copper porphyry with approximately one billion ton Measured & Indicated resource containing approximately 5.3 billion pounds of copper and over 13.3 million ounces of gold; the Aley Niobium Project which is located in northern British Columbia, approximately 140 kilometers north of Mackenzie; the Florence Copper Project, an in-situ copper recovery (ISCR) project in central Arizona and the Harmony Gold Project.

  • Market Cap: $428 million CAD
  • Total Revenue (LTM): $204 million CAD
  • 52-Week Total Return: +308.4%
  • Debt to Equity (FY0): 98.7%
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