The Canadian base metals stocks on our list have suffered severe YTD price declines
SmallCapPower | April 11, 2018: Many base metals have seen significant decreases from their peaks earlier this year, with copper declining 6% YTD, and zinc and lead declining 5% and 6%, respectively. The Canadian base metals stocks on our list today have had an average YTD decline of 44%, and that trend appears to be continuing, with average one-month declines of 13%.
Northern Dynasty Minerals Ltd. (TSX:NDM) – $1.06
Copper
Northern Dynasty Minerals is a Canada-based mining company operating in Alaska. The Company’s primary asset, the Pebble mine, is a copper-gold-molybdenum-silver mine, hosting 57 B lbs Cu, 70 Moz Au, 3.4 B lbs Mo, and 344 M oz Ag. The Company’s stock price dropped 16% after the EPA announced that sockeye salmon fisheries, which could be disrupted by the mine’s operations, would receive additional protection.
- Market Cap: $320.8 Million
- 1 Month Total Return: -10.2%
- YTD Total Return: -52.7%
- 6 Month Total Return: -56.4%
Taseko Mines Ltd. (TSX:TKO) – $1.40
Copper
Taseko Mines Limited is a mining company operating in Canada and the U.S. The Company’s flagship asset is the Gibraltar Mine, which is an open pit copper-molybdenum mine located in south-central British Columbia. The mine produced 141 million lbs of copper and 2.6 million lbs of molybdenum in 2017. The Company also owns the New Prosperity gold-copper, Aley niobium, Florence copper and Harmony gold projects.
- Market Cap: $315.8 Million
- 1 Month Total Return: -19.5%
- YTD Total Return: -52.4%
- 6 Month Total Return: -50.9%
Imperial Metals Corp. (TSX:III) – $2.02
Copper
Imperial Metals Corporation is a junior producer operating in British Columbia. The Company operates two producing mines, which produced 93.7Mlbs Cu, 81,000 oz Au, and 170,000 oz Ag. Imperial also owns one mine currently on standby, and four exploration and development projects.
- Market Cap: $234.5 Million
- 1 Month Total Return: -11.8%
- YTD Total Return: -40.4%
- 6 Month Total Return: -42.3%
Osisko Metals Inc. (TSXV:OM) – $0.55
Zinc & Lead
Osisko Metals is a Canada-based mining developer operating in New Brunswick and Quebec. The Company’s flagship asset, the Bathurst Mining Camp has access to 40,000 hectares in New Brunswick, a zinc-lead-silver producing district. In Quebec, the Company’s Genex projects comprise 42,800 hectares across 12 zinc properties. In December 2017, the Company acquired Pine Point Mining, including a past-producing zinc-lead mine in the Northwest Territories, for $34M.
- Market Cap: $63.4 Million
- 1 Month Total Return: -15.4%
- YTD Total Return: -36.8%
- 6 Month Total Return: -52.2%
Tinka Resources Ltd. (TSXV:TK) – $0.47
Zinc
Tinka Resources Limited is a Canada-based junior exploration company focused on operations in Peru. The Company is currently developing its 100% owned Ayawilca project, comprising 150 square kilometers along the silver-lead-zinc belt of Central Peru, 40 kilometers north of Cerro de Pasco. The site hosts 2.8Mt Zn, 0.1Mt Pb, 3,400t In, and 23.1 Moz Ag.
- Market Cap: $104.9 Million
- 1 Month Total Return: -7.8%
- YTD Total Return: -35.6%
- 6 Month Total Return: -21.7%
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
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