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.
BHP GROUP LTD. (ADR) $59 is a buy. This company (New York symbol BHP; Resources sector; ADRs outstanding: 2.6 billion; Market cap: $153.4 billion; Dividend yield: 5.2%; Takeover Target Rating: Medium; www.bhp.com) is one of the world’s largest producers of iron ore, copper, nickel and coal.
BHP recently offered to… Read More
When investing in rare earth metals, you need to look beyond just geological considerations to the unique geographical and political environment that the mining company works in.
For most investors, profiting from rare earth metals involves buying shares of companies that explore for, mine and refine… Read More
A: Kinross Gold Corp., $10.58, symbol K on Toronto (Shares outstanding: 1.2 billion; Market cap: $12.7 billion; www.kinross.com), is a senior gold mining company with a diverse portfolio of mines and projects.
In the U.S., the company operates two mines in Nevada (Round Mountain and Bald… Read More
GLOBAL X GOLD PRODUCER EQUITY COVERED CALL ETF $25.08 (Toronto symbol GLCC) invests in an equal-weighted portfolio of North American-listed gold mining companies. The portfolio currently holds 10 stocks, with all the top producers such as Barrick Gold and Newmont Corp. represented.
The ETF yields a high 8.4%. However, the… Read More
Precious metals should let you profit over the next few years if interest rates begin falling (a clear possibility). That lowers the appeal of the U.S. dollar and increases the appeal of gold—and other precious metals—as a store of value. Here we look at three… Read More
Demand for electrical power in Canada continues to rise due to several factors. Those include an expanding population and the shift to electric-powered cars. Moreover, the construction of new datacentres to handle power-intense artificial intelligence will also spur electricity demand.
A good way for investors to… Read More
FINNING INTERNATIONAL INC. $43 is a buy. The company (Toronto symbol FTT; Conservative Growth Portfolio, Manufacturing sector; Shares outstanding: 142.2 million; Market cap: $6.1 billion; Price-to-sales ratio: 0.6; Dividend yield: 2.6%; TSINetwork Rating: Above Average; www.finning.com) sells and services Caterpillar-brand heavy equipment in Western Canada but also South… Read More
INTERNATIONAL BUSINESS MACHINES CORP., $165.71, New York symbol IBM, is a top pick for 2024.
The company is one of the world’s largest computer firms, with operations in over 175 countries.
With the June 2024 payment, IBM will raise your quarterly dividend by 0.6%, to $1.67 a.. Read More
Now is a good time to invest in copper–and here’s how to pick the best stocks
Traditionally, people invest in copper as a way to profit from general economic growth. Copper has a wide range of industrial uses (unlike gold and silver, which are thought of… Read More
A: Fluor Corp., $40.53, symbol FLR on New York (Shares outstanding: 170.2 million; Market cap: $7.0 billion; www.fluor.com), is a global provider of engineering, procurement and construction (EPC) services, an off-site fabricator of building components, and a project manager.
The company operates through three principal business… 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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We are continuously in the process of improving our sites and services. If any new features or policies require a change to this current policy, we will post a clear notice of this change on pages of our site where the privacy policy appears. The principle behind this privacy policy is to collect information with your knowledge and consent.
What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
Information You Give Us: We receive and store any information you enter on our website or give us in any other way through sign-up forms or ordering forms for publications and services. You can choose not to provide certain information, but then you might not be able to take advantage of many of our services and features. We use the information that you provide for such purposes as responding to your requests, customizing your web browsing experience for you, improving our website, and communicating with you.
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Does TSI Network Use the Information It Receives?
"Contact Us" and Comment Features: TSI Network encourages visitors to its websites to contact us with questions and comments. Email addresses and other information of persons using these features may be collected in order to facilitate our responses to those inquiries.
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Changes to this Policy
This Policy is the sole authorized statement of TSI Network's practices with respect to the collection of personal information through TSI Network's websites and the subsequent use and disclosure of such information. Any summaries of this Policy generated by third party software or otherwise (for example, in connection with the "Platform for Privacy Preferences" or "P3P") shall have no legal effect, are in no way binding upon TSI Network, shall not be relied upon in substitute for this Policy, and neither supersede nor modify this Policy.
TSI Network may revise this Policy from time to time.
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