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Despite a tumultuous end to 2014 and a difficult sector for resource juniors, Haywood Securities still has a number of junior miners on its watch list. Here’s a look at 15 it likes from across various sectors.
The firm notes that 2014 was “a tumultuous year for commodities and mining equities,” which made things especially difficult for juniors. Referencing SNL Metals and Mining’s Pipeline Activity Index, Haywood states that there was a reduction in exploration activity due to juniors’ difficulties raising funds during the year.
Haywood states that many companies are now hunkering down on the sidelines and waiting for things to get better rather than attempting to raise exploration funds at dilutive prices.
Still, it’s identified a number of companies with good projects and management teams that are moving forward with financing, exploration and development work to “generate nearer term positive news flow.” Here’s a look at 15 companies that the firm will be watching over the first quarter of 2015:
Note: In addition to the above criteria, Haywood prepared this list in part based on whether it expects companies to deliver news during the next quarter. The list is updated regularly.
- Atlantic Gold (TSX:SVU)
- Balmoral Resources (TSX:BAR)
- Calibre Mining (TSXV:CXB)
- Callinan Royalties (TSXV:CAA)
- Columbus Gold (TSXV:CGT)
- Eagle Hill Exploration (TSXV:EAG)
- Kennady Diamonds (TSXV:KDI)
- Macusani Yellowcake (TSXV:YEL)
- NexGen Energy (TSXV:NXE)
- Orca Gold (TSXV:ORG)
- Orex Minerals (TSXV:REX)
- Panoro Minerals (TSXV:PML)
- Pure Gold Mining (TSXV:PGM)
- Regulus Resources (TSXV:REG)
- RTG Mining (TSX:RTG)
Of those 15, Balmoral, Callinan, Panoro, Pure Gold and Regulus will be represented at the 20th Anniversary Vancouver Resource Investment Conference this weekend, which presents an excellent opportunity to check out some of the companies from Haywood’s report.
Securities Disclosure: I, Teresa Matich, hold no direct investment interest in any company mentioned in this article.