A 20-month high in the copper price has propelled the junior mining stocks on our list more than 250% during the past year
SmallCapPower | February 14, 2017: Copper soared to 20-month highs recently amid supply concerns and growing demand from increased infrastructure spending by governments. The world’s largest copper mine, Escondida in Chile, produces roughly 5% of total global copper output and an ongoing strike may potentially affect future supply. Today, we have identified five junior mining stocks that would benefit most from a further rise in the copper price.
Cordoba Minerals Corp. (TSXV: CDB) – $1.49
Specialty Mining & Metals
Cordoba Minerals Corp. is a Canada-based exploration and development company with exploration projects in Colombia. It holds an interest in the San Matias Copper-Gold Project (the San Matias Project), which is an early-stage exploration project located approximately 200 kilometers north of the city of Medellin. The San Matias Project consists of an approximately 20,000 hectare land package on the inferred northern extension of the Mid Cauca Belt, located in the Municipality of Puerto Libertador, in the Department of Cordoba, Colombia. It also holds an interest in the Alacran Copper-Gold Project (Alacran), which is located within an approximately 390-hectare mining title in the northern central parts of the San Matias Project.
- Market Cap: $130 million
- Total Revenue (LTM): $0
- 52-Week Total Return: +831.3%
- Debt to Equity (FY0): $0.0%
Capstone Mining Corp. (TSX: CS) – $1.67
Specialty Mining & Metals
Capstone Mining Corp. is a mining company engaged in the production of, and exploration for, base metals in the United States, Mexico, Canada and Chile. It has five segments: Pinto Valley, Cozamin, Minto, the Santo Domingo development project and Other. Pinto Valley Mining Corp., its subsidiary, owns and operates the copper Pinto Valley Mine located in Arizona. Its subsidiary, Capstone Gold, S.A. de C.V., owns and operates the copper-silver Cozamin Mine located in Zacatecas. Minto Explorations Ltd., its subsidiary, owns and operates the copper Minto Mine located in Yukon.
- Market Cap: $650 million
- Total Revenue (LTM): $605 million
- 52-Week Total Return: +391.2%
- Debt to Equity (FY0): 40.8%
Erdene Resource Development Corp. (TSX: ERD) – $0.86
Specialty Mining & Metals
Erdene Resource Development Corporation is a Canada-based resource company focused on the acquisition, exploration and development of base and precious metals in Mongolia. The Company holds approximately four exploration licenses covering approximately 10,730 hectares and a mining license covering over 6,040 hectares. These include Altan Nar, a gold-polymetallic project that the Company is advancing toward a production decision; Bayan Khundii, an earlier-stage gold discovery; Khuvyn Khar, an early-stage copper-silver porphyry project with multiple drill targets and copper intersections; Zuun Mod, a molybdenum-copper porphyry deposit, and Altan Arrow, an early-stage gold-silver project.
- Market Cap: $109 million
- Total Revenues (LTM): $0
- 52-Week Total Return: +514.3%
- Debt to Equity (FY0): 12.1%
Excelsior Mining Corp. (TSX: MIN) – $0.87
Specialty Mining & Metals
Excelsior Mining Corp. is a Canada-based company, which is in the process of exploring and evaluating its exploration and evaluation assets. The Company is conducting exploration and evaluation activities related to the Gunnison Copper Project located within the copper porphyry belt of Arizona. The Company’s Gunnison Copper Project is located approximately 60 miles southeast of Tucson, Arizona on the southeastern flank of the Little Dragoon Mountains in the Johnson Camp Mining District. The Gunnison Project contains copper oxide and sulfide mineralization with associated molybdenum. In addition, the Company owns the Johnson Camp Mine, a copper heap leach operation located due north of the Gunnison Project wellfield on the north side of Interstate 10.
- Market Cap: $145 million
- Total Revenue (LTM): $0
- 52-Week Total Return: +278.3%
- Debt to Equity (FY0): 0.0%
Taseko Mines Ltd. (TSX: TKO) – $1.94
Specialty Mining & Metals
Taseko Mines Limited is a mining company engaged in the production and sale of metals, as well as related activities, including exploration and mine development, within the province of British Columbia, Canada and the State of Arizona. Its operating asset is the Gibraltar Mine, a copper mine located in central British Columbia. It also owns the New Prosperity Gold-Copper, Aley Niobium, Florence Copper and Harmony Gold Projects. The Florence Copper Project is an in-situ copper recovery (ISCR) project in central Arizona. The Aley Niobium Project is located in northern British Columbia, approximately 140 kilometers north of Mackenzie. The New Prosperity Project is a gold-copper porphyry with approximately one billion ton Measured & Indicated resource containing approximately 5.3 billion pounds of copper and over 13.3 million ounces of gold.
- Market Cap: $428 million
- Total Revenue (LTM): $204 million
- 52-Week Total Return: +308.4%
- Debt to Equity (FY0): 98.7%
