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Wondering what the top zinc stocks are? Check out this list of five zinc companies that have seen share price increases so far in 2017.
Investors have been enjoying zinc’s price performance over the course of the year, and are pleased to see it ending 2017 on a high note.
Politics in China, warehouse shortages and closing mines all affected the price of zinc this year. And of course, some zinc companies have fared well alongside this price boom. For that reason, investors are becoming increasingly interested in finding the top zinc stocks.
To help with that tough task, we’ve put together a brief overview of five zinc-focused companies on the TSX that have seen share price gains year-to-date. This list was generated using the Globe and Mail’s market data filter and includes companies with market caps above $50 million as of December 13, 2017. Our list of top TSXV-listed zinc stocks can be viewed here.
1. Ivanhoe Mines (TSX:IVN)
Current price: $4.22; year-to-date gain: 66.14 percent
Ivanhoe Mines explores and develops mineral properties in South Africa and the Democratic Republic of Congo. Its assets include the Kamoa copper project, the Platreef platinum–palladium–gold–nickel-copper discovery and the zinc-copper-lead-germanium Kipushi asset.
The company’s latest news about Kipushi came midway through December, when it released a prefeasibility study for the project. According to the report, the project has an after-tax NPV of US$683 million and an IRR of 35 percent based on a long-term zinc price of US$1.10 per pound; meanwhile, pre-production CAPEX is pegged at US$337 million. Annual production is expected to be an average of 381,000 tonnes of zinc concentrate over an initial 11-year mine life.
2. Arizona Mining (TSX:AZ)
Current price: $3.37; year-to-date gain: 37.55 percent
Arizona Mining is a mineral exploration and development company focused on its 100-percent-owned zinc-lead-silver Hermosa project in Arizona. Hermosa hosts the Taylor and Central deposits, which the company says are globally significant — in fact, Taylor is one of the world’s 15 largest zinc-lead deposits, and ranks as one of the highest-grade deposits compared to similar-sized zinc-lead-silver deposits.
In Q3, Arizona Mining released information on the expansion of mineralization at Taylor outside the resource outlined in a preliminary economic assessment (PEA) for the project. In November, the company reported results from high-grade infill and step-out holes completed as part of work on a feasibility study. Arizona Mining also won an award for the discovery of Taylor.
3. Trevali Mining (TSX:TV)
Current price: $1.46; year-to-date gain: 29.2 percent
Zinc-focused base metals miner Trevali Mining has four commercially producing operations. It wholly owns the Santander mine in Peru and the Caribou mine in Northern New Brunswick; it also has an 80-percent stake in the Namibia-based Rosh Pinah mine and a 90-percent interest in the Perkoa mine in Burkina Faso. Trevali owns the Halfmile and Stratmat base metals deposits in New Brunswick as well.
In July, the company acquired the mining lease for the former Restigouche zinc-lead-silver mine in New Brunswick. The next month, Trevali acquired its stakes in the Rosh Pinah and Perkoa mines. More recently, Trevali released a combined positive PEA for Halfmile and Stratmat.
4. Hudbay Minerals (TSX:HBM)
Current price: $9.70; year-to-date gain: 26.3 percent
Integrated miner Hudbay Minerals produces copper concentrate and zinc metal at its properties across the Americas. The company’s zinc operations include the 777 and Lalor mines in Manitoba.
A steady stream of news has come from Hudbay throughout the year, with one fall highlight being its completion of a $242-million equity financing. Most recently, Hudbay published its Q3 results, boasting $154 million in operating cash flow; that’s up 24 percent from the previous quarter.
5. Lundin Mining (TSX:LUN)
Current price: $7.52; year-to-date gain: 17.5 percent
Lundin Mining operates in Chile, the US, Portugal and Sweden. The company primarily produces zinc, nickel and copper, with cobalt as a by-product. Its zinc operations include the Zinkgruvan mine in Sweden and the Neves-Corvo mine in Portugal.
The company’s latest news at the end of November, when it released an operational outlook and update. In this outlook, Lundin increased its zinc production guidance for 2019, but lowered it for 2020. Overall, the company remains on track to increase its zinc production by 60 percent over 2018 levels by 2020.
What were your top zinc stocks on the TSX this year? Let us know in the comments below.
The data for this article was retrieved on December 13, 2017 using the Globe and Mail’s market data filter. Only TSX-listed zinc companies with market capitalizations greater than $50 million are included.
Don’t forget to follow us @INN_Resource for real-time news updates.
Securities Disclosure: I, Amanda Kay, currently hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: Arizona Mining and Trevali Mining are clients of the Investing News Network. This article is not paid-for content.
This article is updated periodically. Please scroll the top for the most recent information.
Best Zinc Stocks on the TSX in 2017
By Priscila Barrera, October 2, 2017
Zinc prices surged more than 16 percent during the third quarter of the year, reaching a 10-year peak in August and breaking the $3,000-per-tonne mark for the first time in 2017.
The increase was supported by supply concerns, a strong demand outlook from China and a decline in warehouse inventories. And while there have been some concerns about whether the rally is sustainable, zinc started this week by reaching a fresh decade high. On Monday (October 2), LME zinc closed up 0.6 percent at $3,180.
Unsurprisingly, investors are becoming increasingly interested in finding the best zinc stocks. To help with that tough task, we’ve put together a brief overview of five zinc-focused companies on the TSX that have seen share price gains year-to-date. Read on to learn what they’ve been up to in 2017.
1. Ivanhoe Mines (TSX:IVN)
Current price: $4.32; year-to-date gain: 70.08 percent
Ivanhoe Mines explores and develops mineral properties in South Africa and the Democratic Republic of Congo. Its assets include the Kamoa copper project, the Platreef platinum–palladium–gold–nickel-copper discovery and the zinc-copper-lead-germanium Kipushi asset, where upgrades are currently taking place.
In August, the company released its Q2 results, reporting that a drill program was underway at Kipushi. Ivanhoe also said that a prefeasibility study for the redevelopment of Kipushi was in the works.
2. Lundin Mining (TSX:LUN)
Current price: $8.95; year-to-date gain: 39.84 percent
Lundin Mining operates in Chile, the US, Portugal and Sweden. The company primarily produces zinc, nickel and copper, with cobalt as a by-product. Its zinc operations include the Zinkgruvan mine in Sweden and the Neves-Corvo mine in Portugal.
In July, the company published its Q2 results, reporting that production was consistent with its expectations. In September, the company announced mineral resource and mineral reserve estimates for its properties.
3. Trevali Mining (TSX:TV)
Current price: $1.49; year-to-date gain: 31.86 percent
Trevali Mining is a zinc-focused base metals miner with two producing mines. The company is actively producing zinc and lead–silver concentrates from its 2,000-tonne-per-day Santander mine in Peru and its 3,000-tonne-per-day Caribou mine in Northern New Brunswick. Trevali also owns the Halfmile and Stratmat base metals deposits in New Brunswick; they are currently in the PEA stage.
In July, the company reported its Q2 production and acquired the mining lease for the former Restigouche zinc-lead-silver mine in New Brunswick. In August, Trevali closed the acquisition of the Rosh Pinah and Perkoa zinc mines.
4. Arizona Mining (TSX:AZ)
Current price: $3.19; year-to-date gain: 30.2 percent
Arizona Mining is a mineral exploration and development company focused on its 100-percent-owned zinc-lead-silver Hermosa project in Arizona. Hermosa hosts the Taylor and Central deposits, which the company says are globally significant — in fact, Taylor is one of the world’s 15 largest zinc-lead deposits, and ranks as one of the highest-grade deposits compared to similar-sized zinc-lead-silver deposits.
In July, the company announced high-grade drill results from Hermosa, and in August it reported positive water testing results at the project.
5. Hudbay Minerals (TSX:HBM)
Current price: $9.46; year-to-date gain: 23.18 percent
Hudbay Minerals is an integrated mining company that produces copper concentrate and zinc metal at operations across the Americas. The company’s zinc operations include the 777 mine and Lalor mine in Manitoba.
In August, Hudbay reported its Q2 financial results, noting that its consolidated zinc production came to 34,896 tonnes.
The data for this article was retrieved on October 2, 2017 using The Globe and Mail’s market data filter. Only TSX-listed zinc companies with market capitalizations greater than $50 million are included.
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.
Editorial Disclosure: Trevali Mining and Arizona Mining are clients of the Investing News Network. This article is not paid-for content.
This article is updated periodically. Please scroll the top for the most recent information.
Best Zinc Stocks on the TSX in 2017
By Priscila Barrera, May 4, 2017
Zinc prices surged in 2016, and many market participants are expecting the base metal to perform even better this year.
Positive sentiment has been supported by Glencore’s (LSE:GLEN) production cuts last year, as well as increasing demand not only in China, but also worldwide. According to Andrew Thomas, senior analyst – zinc markets, at Wood Mackenzie, zinc prices will average $3,200 per tonne in 2017 and hit $4,000 midway through next year. Not bad considering prices are now at about $2,600.
Unsurprisingly, investors are becoming increasingly interested in finding the best zinc stocks. To help with that tough task, we’ve put together a brief overview of four zinc-focused companies on the TSX that have seen share price gains year-to-date. Read on to learn what they’ve been up to in 2017.
1. Lundin Mining (TSX:LUN)
Current price: $7.09; year-to-date gain: 16.56 percent
Lundin Mining operates in Chile, the US, Portugal and Sweden. The company primarily produces zinc, nickel and copper, though it also puts out some cobalt as a by-product. Its zinc operations include the Zinkgruvan mine in Sweden and the Neves-Corvo mine in Portugal.
“[A] final Feasibility Study on our Neves-Corvo Zinc Expansion Project, expected to approximately double current zinc production, is on track to be delivered very soon with an expectation of fast tracking this significant value added project,” President and CEO Paul Conibear commented in an April press release. In 2017, the company expects to produce a between 152,000 and 157,000 tonnes of zinc.
2. Trevali Mining (TSX:TV)
Current price: $1.20; year-to-date gain: 7.08 percent
Another of this year’s best zinc stocks is Trevali Mining, a zinc-focused base metals miner with two commercially producing operations. The company is producing zinc and lead-silver concentrates from its 2,000-tonne-per-day Santander mine in Peru and its 3,000-tonne-per-day Caribou mine in New Brunswick. Trevali also owns the Halfmile and Stratmat base metals deposits, also located in New Brunswick; they are currently in the preliminary economic assessment stage.
It has been a busy year so far for Trevali. In March, the company reached a $400-million deal to purchase zinc assets from Glencore. The same month, Trevali updated its resource estimate for Santander. In Q1 2017, the company produced 36,576 dry metric tonnes of zinc concentrate.
3. Teck Resources (TSX:TECK.B,NYSE:TECK)
Current price: $26.75; year-to-date gain: 5.21 percent
Teck Resources bills itself as Canada’s largest diversified resource company, with business units focused on zinc, copper, steelmaking coal and energy. The company operates the Red Dog mine, one of the world’s largest zinc mines, as well as the Pend Oreille mine in the US.
The company reported zinc in concentrate production of 146,000 tonnes in Q1 2017, along with refined zinc production of 78,000 tonnes.
4. Hudbay Minerals (TSX:HBM,NYSE:HBM)
Current price: $7.86; year-to-date gain: 0.37 percent
Last on this list of best zinc stocks is Hudbay Minerals, an integrated mining company that produces copper concentrate and zinc metal at operations across the Americas. The company’s zinc operations include the 777 and Lalor mines in Manitoba.
In March, Hudbay provided an operational update, noting that it expects zinc production at Lalor to increase to 90,000 tonnes contained in concentrate in 2017 from 71,000 in 2016. The company is also forecasting a 25-percent increase in its zinc production due to the resequencing of the mine plan at 777.
The data for this article was retrieved on May 2, 2017 using The Globe and Mail’s market data filter. Only TSX-listed zinc companies with market capitalizations greater than $50 million are included.
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.
Editorial Disclosure: Trevali Mining is a client of the Investing News Network. This article is not paid-for content.
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