Mining is the process in which minerals are extracted from the ground. The stages of mining include exploration, development and then building a mine. It can also involve the subsequent processing, smelting, shipping and marketing of the minerals.
Mining is inherently a politically vulnerable business; you can’t move the mine to another country. In developed countries, it is subject to changing regulatory and environmental constraints. In some jurisdictions, local citizens sometimes believe that a foreign mining company is robbing them of their birthright, even though they usually need the foreign company’s capital and expertise to get any value out of the ground.
Mining companies are can generally be broken up into two categories, majors and juniors. Majors are typically mining companies that have been in the mining business for many years, and more often than not they operate producing mines on a global scale. Majors have proven methods for exploration and mining, and have consistent output, and cash flow, year over year.
Junior mining companies typically have negative cash flow since they’re spending money in hopes of finding a mineable deposit.
While sometimes risky, mining stocks can be strong performers when commodity prices move up. However, due to the volatility of these stocks, Pat McKeough recommends that they only form a modest part of the Resources segment of a well-balanced portfolio. Above all, follow TSI Network and use our three-part Successful Investor strategy:
Discover how to make the most of your mining investments in this free special report, Best Canadian Mining Stocks TSX: Plus Gold Stocks, Canadian Diamond Mines and More. The complete guide to picking the best Canadian mining stocks on the Toronto Stock Exchange.
CGI INC., $138.29, Toronto symbol GIB.A, is your #1 Aggressive Buy for 2024.
The company is Canada’s largest provider of computer outsourcing services. It helps its clients automate certain routine functions like accounting and buying supplies. That makes companies more efficient and lets them focus on their… Read More
GREAT-WEST LIFECO, $39.95 (Toronto symbol GWO; shares outstanding: 932.4 million; Market cap: $37.3 billion; TSINetwork Rating: Above Average; Dividend yield: 5.6%; www.greatwestlifeco.com) is Canada’s second-largest life insurer, after Manulife Financial. It also offers pension and wealth management services. Power Corp. (Toronto symbol POW) owns 68.2% of the… Read More
GLOBAL X COPPER MINERS ETF, $47.22, is a buy. The ETF (New York symbol COPX; buy or sell through brokers; www.globalxfunds.com) lets you track the Solactive Global Copper Miners Index, with 38 global mining and exploration firms. It started up in April 2010.
Canadian firms make up 37.4% of the… Read More
Most precious-metal stocks dropped, along with the market, in March 2020. They then quickly reversed that trend to soar for investors, in part because of gold’s appeal as a “safe harbour” in times of economic uncertainty. In fact, in August 2020, gold jumped to over… Read More
Investing in mineral company stocks can be profitable if you choose the right ones. But investing too heavily in low-quality juniors can lead to big losses. Learn more now.
Good mineral company stocks have a range of development projects, but their strong base of production cuts… Read More
ANDREW PELLER LTD. (class A shares) remains a buy for long-term gains.
The company, Toronto symbols ADW.A (non-voting) $3.82 and ADW.B $5.05, is Canada’s second-largest wine producer, after Arterra Wines.
Peller last raised your quarterly dividend by 10% with the July 2021 payment. The new annual rate… Read More
ANDREW PELLER LTD. (class A shares) remains a buy for long-term gains.
The company, Toronto symbols ADW.A (non-voting) $3.79 and ADW.B $5.05, is Canada’s second-largest wine producer, after Arterra Wines.
In its fiscal 2024 fourth quarter, ended March 31, 2024, Peller’s sales rose 9.4%, to $85.01 million… Read More
To unlock value for investors, on November 1, 2016, the old Alcoa Inc. split into two separate companies—Arconic Inc. (focused on manufactured aluminum products) and spinoff Alcoa Corp. (focused on bulk aluminum). For every three of the old shares investors held, they received three shares… Read More
ELI LILLY AND COMPANY, $878.45, is a buy. The drugmaker (symbol LLY on New York) discovers, develops, manufactures, and markets human pharmaceutical products.
This week, Lilly’s stock continued to hit new all-time highs as the drugmaker moved one step closer to winning approval for its Donanemab… Read More
TECK RESOURCES LTD. $66 remains a buy for the Resources sector of your portfolio. The company (Toronto symbol TECK.B; Conservative Growth Portfolio, Resources sector; Shares outstanding: 517.5 million; Market cap: $34.2 billion; Price-to-sales ratio: 2.4; Dividend yield: 0.8%; TSINetwork Rating: Extra Risk; www.teck.com) recently sold 20% of its… Read More
Learn everything you need to know in 'The Canadian Guide on How to Invest in Stocks Successfully' FREE Special Report from The Successful Investor.
How to Invest In Stocks Guide: Find 10 factors that make your investments safer and stronger.
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