Best Mining Stocks to Invest in on the TSXV?

- February 20th, 2020

What are the best mining stocks to invest in? Despite heavy competition, these companies took the top spots in the sector on the annual TSX Venture 50 list.

What are the best mining stocks to invest in? Wouldn’t we all like to know.

Selecting the best companies to put money into can seem like guesswork for novice investors or those new to an emerging sector.

A good place to start is the TSX Venture Exchange. Every year it releases its annual Venture 50 list, a ranking of the 10 top-performing companies in five sectors: mining, life science and clean technology, oil and gas, diversified industries and technology.

Investing During the Pandemic

 
Discover what experts see coming for resources and commodities amidst the Coronavirus pandemic.
 

The companies selected for the Venture 50 list are chosen based on the equally weighted criteria of trading volume, market cap growth and share price appreciation.

Below is a list of the exchange’s 10 best mining stocks for 2019.

1. BTU Metals (TSXV:BTU)

Gold and copper explorer BTU Metals came in at the top of the list. Shares of the diversified explorer climbed 191 percent between the end of 2018 and the end of 2019.

BTU’s market cap also grew significantly during the period, from C$5.1 million to C$25.4 million.

Currently the company is focused on developing its flagship project, Dixie Halo, located in Red Lake, Ontario. In a recent update, BTU reported 99.8 meters of visible copper mineralization discovered during a drill program at Dixie Halo.

2. K92 Mining (TSXV:KNT)

Number two on the list of top TSXV mining companies is K92 Mining, a gold producer whose primary asset is in Papua New Guinea.

The Kora gold deposit lies within the larger Kainantu gold project in the country’s eastern highlands. The site was previously mined by major Barrick Gold (TSX:ABX,NYSE:GOLD) between 2006 and 2009.

Shares of K92 were up 243 percent at the end of 2019 and the firm’s market cap grew from C$152.4 million to C$613.5 million.

In its 2020 operational outlook, K92 said it expects its gold production to increase by 34 to 46 percent during the year, hitting 110,000 gold equivalent ounces.

3. Amex Exploration (TSXV:AMX)

Precious metals junior Amex Exploration owns the Perron gold project located near the town of Normetal, Quebec. In addition to Perron and two other properties in the province, Amex operates at the Gowan property, comprised of two block claims near Timmins, Ontario.

Last year was lucrative for Amex, which saw its share value increase by 619 percent. Its market cap also recorded a large gain, jumping from C$9.5 million to C$100 million by the end of 2019.

In mid-February, Amex announced high-grade results after the drilling of the deepest hole to date on the eastern gold zone within Perron.

4. Great Bear Resources (TSXV:GBR)

Great Bear Resources is also a gold explorer, and is focused on developing its four projects located in the Red Lake gold district of Ontario, Canada.

The junior company’s share price climbed 272 percent in 2019, with its market cap value increasing from C$85 million at the end of 2018 to over C$396 million at the end of December 2019.

Currently, Great Bear is conducting a drill program at its flagship Dixie project. In a recent press release, the company reported the identification of six new gold targets at the property.

5. Mako Mining (TSXV:MKO)

Taking the number five spot is another gold company, Mako Mining. With its key asset in Nicaragua, it is advancing its San Albino project quickly while also exploring potential assets in the same jurisdiction.

Mako Mining experienced a 107 percent share price increase between the end of 2018 and the end of 2019, as well as a market cap rise of C$23.2 million, from C$8.3 million in 2018 to C$31.5 million.

In early January, the miner released promising drill results for San Albino and announced that in 2020 it will focus on delineating a maiden resource at the Mango zone of the property.

Other mining stocks on the Venture 50 list

The five other mining companies to make the Venture 50 list were Discovery Metals (TSXV:DSV), Kootenay Silver (TSXV:KTN), Compass Gold (TSXV:CVB), Silver One Resources (TSXV:SVE) and Mineral Mountain Resources (TSXV:MMV). What do you think are the best mining stocks right now?

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

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

Editorial Disclosure: Amex Exploration and Great Bear Resources are clients of the Investing News Network. This article is not paid-for content.

Is gold a good hedge investment in 2020?

 
Read our FREE 2020 outlook report on gold investing!
 

Get the latest Resource Investing stock information

Get the latest information about companies associated with Resource Investing Delivered directly to your inbox.

Resource Investing

Select None
Select All

3 responses to “Best Mining Stocks to Invest in on the TSXV?

Leave a Reply