The Canada-listed nickel stocks on our list have had strong stock-price performances over the past six months
SmallCapPower | March 8, 2018: Nickel prices have increased 25% Y/Y to $6.16/lb. The Canada-listed nickel stocks on our list today have a strong focus advancing or producing nickel asset(s), enabling them to take advantage of a continued rally. On average, the companies mentioned returned an average of 55% over a six-month period, outperforming the TSX Venture index’s 7% gain over the same duration.
Sama Resources Inc. (TSXV:SME) – $0.37
Sama Resources is a nickel-focused exploration and development company with projects in West Africa. The Company’s flagship asset, the Samapleu project, is a Joint Venture between the Ivory Coast Government and its state-owned mining company SODEMI. The project is a Nickel-Copper project that encompasses approximately 446 square kilometers.
- Market Cap: $58.2 Million
- 1 Month Total Return: -1.4%
- 3 Month Total Return: 15.9%
- 6 Month Total Return: 151.7%
Garibaldi Resources Corp. (TSXV:GGI) – $2.21
Garibaldi Resource is advancing its nickel-copper-rich massive sulphide discovery at Nickel Mountain, 11 miles southwest of Eskay Creek. The Company also has 11 properties in the exploration and drilling stage.
- Market Cap: $222.8 Million
- 1 Month Total Return: -0.5%
- 3 Month Total Return: -37.0%
- 6 Month Total Return: 99.1%
Royal Nickel Corp. (TSX:RNX) – $0.27
Royal Nickel is a Canada-based mining company operating in Canada and Australia. The Company holds stakes in two producing assets, the Beta Hunt gold-nickel mine in Australia and the Reed copper-gold mine in Quebec, as well as a number of exploration assets. The Company also owns the Dumont nickel deposit, the world’s largest undeveloped nickel reserve hosting 1,200Mt at 0.3% Ni. The Company expects the mine to produce 73kt/y Ni for four years after mining commences, increasing to 113kt/y for the 15 years following.
- Market Cap: $93.8 Million
- 1 Month Total Return: 8.2%
- 3 Month Total Return: 65.6%
- 6 Month Total Return: 20.5%
Sherritt International Corp. (TSX:S) – $1.33
Nickel & Cobalt
Sherritt International is producer of nickel and cobalt with operations in Canada, Cuba and Madagascar. The Company is one of the world’s largest nickel producers with a production capacity of ~80,000t Ni annually. The Company’s 40% owned Ambatovy Joint Venture project in Madagascar is engaged in the mining processing and refining of nickel and cobalt. Sherritt’s operations in Cuba include the 50% owned Moa Joint Venture, which is also a nickel and cobalt operation.
- Market Cap: $527.8 Million
- 1 Month Total Return: 8.1%
- 3 Month Total Return: -2.2%
- 6 Month Total Return: 16.7%
Nickel Creek Platinum Corp. (TSX:NCP) – $0.33
Nickel, Copper & Platinum
Nickel Creek Platinum is advancing its Nickel Shaw project, located three hours west of Whitehorse. The site hosts 362K tonnes of 0.28% Ni, 0.12% Cu, 0.015% Co, 0.217 g/t Pt, 0.0253 g/t Pd, and 0.032 g/t Ag. The Company is currently conducting metallurgical testing on its assets.
- Market Cap: $76.9 Million
- 1 Month Total Return: 12.1%
- 3 Month Total Return: 16.1%
- 6 Month Total Return: -14.5%
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
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