Times may seem tough for many natural resource investors but a turnaround is inevitable. For those with plenty of patience, why not get paid while you wait? The stocks on our list today are resource related, profitable, and distribute a solid dividend.
Russel Metals Inc. (TSX: RUS) – $16.63
Iron & Steel
Russel Metals Inc. is a metals distribution company that operates through segments, which include metals service centers, energy products, and steel distributors. The Company’s metals service centers provide a line of products in a range of sizes, shapes and specifications, including carbon hot rolled and cold finished steel, pipe and tubular products, stainless steel and aluminum. The Company energy products distributes oil country tubular goods (OCTG), line pipe, tubes, valves and fittings to the energy industry in Western Canada and the United States. The Company’s steel distributors provide as the master distributors selling steel in large volumes to other steel service centers and equipment manufacturers.
- Market Cap: $1,048,943,520
- Revenue (LTM): $3,451,800,000
- Gross Dividends (LFQ): $23,400,000
- Dividend Yield (LFQ annualized dividend): 9%
Related: 6 Junior Miners with Big Trading Volume Increases >>
Labrador Iron Ore Royalty Corp. (TSX: LIF) – $12.42
Iron & Steel
Labrador Iron Ore Royalty Corporation (LIORC) is a Canada-based mining company that owns interests in Iron Ore Company of Canada (IOC), which operates an iron mine near Labrador City, Newfoundland and Labrador on lands leased from LIORC. IOC is a Canada-based iron ore producer, operating a mine, concentrator and pellet plant at Labrador City, Newfoundland.
- Market Cap: $807,680,000
- Revenue (LTM): $105,474,540
- Gross Dividends (LFQ): $16,000,000
- Dividend Yield (LFQ annualized dividend): 8%
Nevsun Resources Ltd. (TSX: NSU) – $3.60
Specialty Mining & Metals
Nevsun Resources Ltd. (Nevsun) is engaged in the acquisition, exploration, development and operation of mineral property interests. The Company’s principal mining operation is the Bisha Mine and its principal mineral property is the Bisha property, which is owned by Bisha Mining Share Company (BMSC). Bisha is a volcanogenic massive sulphide (VMS) deposit located 150 kilometers west of Asmara, Eritrea, East Africa. The Bisha mine hosts a gold, copper and zinc deposit and the overall Bisha district includes satellite VMS deposits known as Harena, Northwest and Hambok.
- Market Cap: $725,206,732
- Revenue (LTM): $533,191,733
- Gross Dividends (LFQ): $10,637,619
- Dividend Yield (LFQ annualized dividend): 6%
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The Ubika Mining 20 (UM20) index slipped 3.4% during the past month yet handily beat the 13.1% slump by the TSX Mining Index, UM20’s closest benchmark. The TSX Venture index, meanwhile, eased 1.3%. Lucara Diamond Corp. (TSX: LUC) was the top-performing component company this month, powering 27% higher after announcing the recovery of the second largest gem-quality diamond ever mined. Get your copy of the Ubika Mining 20 report here >>
Mandalay Resources Corp. (TSX: MND) – $0.70
Diversified Mining
Mandalay Resources Corporation (Mandalay) is a Canada-based mining company, engaged in the business of acquiring, discovering, developing and producing mineral commodities. The Company’s focus is on gold, silver and antimony in Australia, Chile, and Sweden. Its producing assets are its Costerfield gold-antimony mine in Victoria, Australia; its Cerro Bayo silver-gold mine in Patagonia, Chile, and its Bjorkdal gold mine in northern Sweden.
- Market Cap: $287,293,985
- Revenue (LTM): $270,901,733
- Gross Dividends (LFQ): $4,042,854
- Dividend Yield (LFQ annualized dividend): 6%
Tahoe Resources Inc. (TSX: THO) – $12.29
Non-Gold Precious Metals & Minerals
Tahoe Resources Inc. is a mineral exploration, development and mine operating company. The Company’s principal business activity is to operate the Escobal mine, a mining operation in southeastern Guatemala. The Escobal deposit is an intermediate-sulfidation fault-related vein formed within Tertiary sedimentary and volcanic rocks within the Caribbean plate. The Escobal vein system hosts silver, gold, lead and zinc, with an associated epithermal suite of elements, within quartz and quartz-carbonate veins.
- Market Cap: $2,758,695,676
- Revenue (LTM): $545,314,150
- Gross Dividends (LFQ): $18,140,262
- Dividend Yield (LFQ annualized dividend): 3%
