Best Copper Stocks of Q1 2017 on the TSX

Find out which TSX-listed copper stocks have seen the biggest gains year-to-date.

best copper stocks

After surging in the last few months of 2016, the copper price continued to increase in the first three months of 2017, albeit at a slower pace.

The metal’s price increase was driven partially by supply concerns due to longer-than-expected stoppages at two of the world’s top-producing mines. Sentiment was also buoyed by US President Donald Trump’s infrastructure spending plan, though some doubt that he will be able to successfully push his policies through Congress.

Most analysts remain cautiously optimistic about the copper price, and with that in mind, it’s interesting to look at which copper stocks performed the best in Q1. The list below was generated using The Globe and Mail’s market data filter, and shows the TSX-listed copper companies with the biggest share price gains from January 1 to April 10.

Only companies with market caps above $50 million are included. Stay tuned for our list of the top-performing TSXV-listed copper companies in Q1.

1. Katanga Mining (TSX:KAT)

Current price: $0.43; year-to-date gain: 207.14 percent

Katanga Mining operates a large-scale coppercobalt mine complex in the Democratic Republic of Congo (DRC) through two joint ventures. The joint ventures are called Kamoto Copper Company and DRC Copper and Cobalt Project.

It’s been a busy year for Katanga so far. In February, major miner Glencore (LSE:GLEN) boosted its stake in the company to about 86.33 percent in a bid to increase its exposure to the copper and cobalt markets. Katanga also recently released its 2016 financial and production results. 

2. Amerigo Resources (TSX:ARG)

Current price: $0.69; year-to-date gain: 100 percent

Amerigo Resources bills itself as a long-term copper producer in Chile. The company produces copper concentrate at its MVC operation in the country, and it put out 57 million pounds of copper in 2016.

Like Katanga, so far in 2016 Amerigo has released its 2016 financial and production results. Additionally, the company’s Chilean subsidiary was able to execute a financing mandate agreement for the second phase of a planned expansion at MVC. The expansion will allow for the processing of tailings from the historic Cauquenes deposit.

3. Ivanhoe Mines (TSX:IVN)

Current price: $4.97; year-to-date gain: 95.67 percent

Ivanhoe Mines is advancing three projects in Africa: the Platreef platinumpalladiumgoldnickel-copper discovery in South Africa’s Bushveld Complex; the Kamoa-Kakula copper project in the Central African Copperbelt in the DRC; and the Kipushi zinc-copper-silver-germanium mine, also in the Copperbelt.

The company has released a slew of news surrounding the Kamoa-Kakula project so far in 2017. In January it released drill results that “significantly expanded” the Kakula discovery at the project, and in March it reported an additional discovery. The new discovery was confirmed in April. During Q1, Ivanhoe also released its 2016 year-end results and provided an operations review. 

4. Nautilus Minerals (TSX:NUS)

Current price: $0.22; year-to-date gain: 51.72 percent

Nautilus Minerals is the first company to commercially explore the seafloor for massive sulfide systems, a potential source of high-grade copper, gold, zinc and silver. Nautilus is developing a production system to commercially extract these systems using existing technologies adapted from the offshore oil and gas industry, and from the dredging and mining industries.

During Q1, Nautilus closed a $2-million private placement. Seafloor production tools arrived at the company’s Solwara 1 prospect in Papua New Guinea on April 3, and the company closed an additional $2-million private placement on April 10. 

5. Hudbay Minerals (TSX:HBM)

Current price: $8.84; year-to-date gain: 15 percent

Hudbay is an integrated mining company that produces copper concentrate and zinc metal. With assets in North and South America, the company is focused on the discovery, production and marketing of base and precious metals. Directly and through its subsidiaries, Hudbay owns four polymetallic mines, four ore concentrators and a zinc production facility in Canada and Peru; it also has a copper project in the US.

In February, the company announced its Q4 2016 results, noting that its production of all metals increased year-over-year. At the end of March, Hudbay released an optimized mine plan for its Lalor mine in Manitoba, along with a feasibility study for its Arizona-based Rosemont project. 

Don’t forget to follow us @INN_Resource for real-time news updates!

Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.

This article is updated each quarter. Please scroll the top for the most recent information.

Best Copper Stocks of 2016 on the TSX

By Priscila Barrera, November 29, 2016

Last year was tough for copper and experts expected this trend to continue in 2016. But the red metal has been on the rise this year, reaching year highs, due to optimism over China’s demand and the US infrastructure spending plans.

At the end of the first quarter, copper prices were up, gaining 17% compared to the beginning of the year. This upward trend continued during the first nine months thanks to a weaker dollar and increased manufacturing activities in China.

After the recent US election copper prices jumped, climbing to a 16-month high last week, when US President elect Trump announced his infrastructure spending plan.

Some of the best copper stocks of 2016 on the TSX reached over 600 percent year-to-date gains. You can find them in the list below. This list was generated using The Globe and Mail’s market data filter, and does not include companies with a market cap of less than $50 million.

1. Coro Mining (TSX:COP)

Current price: $0.145; year-to-date gain: 625 percent

Coro Mining is engaged in the exploration and development of base and precious metal projects in Latin America. The Company’s assets include 65% interest in SCM Berta including the Berta and Salvadora deposits; the Marimaca drill stage project from which the company reports earning a 75 percent interest; the Planta Prat project; the Llancahue prospect; and a royalty on the San Jorge copper-gold project located in Argentina.

2. Ivanhoe Mines (TSX:IVN)

Current price: $2.42; year-to-date gain: 296.72 percent

Ivanhoe Mines explores and develops mineral properties in South Africa and the Democratic Republic of Congo. Its projects include the exploration and development of the Kamoa Copper Project, the mine development at the Platreef platinum-palladium-gold-nickel-copper discovery and the upgrading of the zinc-copper-lead-germanium Kipushi mine.

3. Western Copper and Gold (TSX:WRN)

Current price: $1.20; year-to-date gain: 215.79 percent

Western Copper and Gold Corporation is developing the Casino Project, Canada’s premier Copper-Gold mine in the Yukon Territory. The company reports that the mine could produce an estimated 8.9 million ounces of gold and 4.5 billion pounds of copper over a 22-year mine life.

In July 2016, Goldman Sachs ranked Casino number one economic copper project.

4. First Quantum Minerals (TSX:FM)

Current price: $15.74; year-to-date gain: 203.86 percent

The metals and mining company produces mainly copper, gold, nickel and zinc. The Company’s assets are located in Zambia, Spain, Mauritania, Australia, Finland, Turkey, Panama, Argentina and Peru.

In 2015, First Quantum produced 428,229 tonnes of copper, 223,914 ounces of gold, 35,472 tonnes of nickel, 41,139 tonnes of zinc, and 57,095 ounces of platinum-group elements. The company’s latest report shows that in the third quarter of 2016 their copper production was 142,721 tonnes with sales of 136,051 tonnes.

5. Euromax Resources (TSX:EOX)

Current price: $0.64; year-to-date gain: 45.45 percent

Last but not least in the best copper stocks of 2016 on the TSX is Canada-based Euromax Resources. A mining company focused in identifying, acquiring and developing mineral resources in Southeastern Europe. The company is focused on building and operating the Ilovica-Shtuka copper/gold project in Macedonia and also has an exploration services company in Bulgaria.

Don’t forget to follow us @INN_Copper for real-time news updates!

Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: Western Copper and Gold and Euromax Resources are clients of the Investing News Network. This article is not paid-for content.

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