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The TSX's Best Copper Stocks

Read the most recent best TSX copper stocks article.

Copper enjoyed a great first half of 2021 with copper prices rising to an all-time high during Q2.

The trend in copper prices for the first half was up, unlike the first half 2020. In May, the red metal reached an all-time high.

Copper prices are still strong heading into 2021 and there is plenty to be optimistic about the market. Many companies and analysts expect copper to grow as electric vehicles and electrification become more popular, which will in turn increase demand for the essential base metal.


copper industry outlook cover
Why did this sharp rebound occur? What is more important, can you afford to miss out?
The FREE2021 Copper Prices Report contains Exclusive Content, such as Expert Interviews, Trends and Forecasts.
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The list below shows that some of the most popular copper stocks have experienced significant gains over the past year. This list was created using TradingView's stock screening tool. Only companies with market capitalizations above C$50million were included.

1. Solaris Resources (TSX :SLS).

Current share price C$14.35; year to-date gain: 133.2 percent

Solaris Resources owns a portfolio of copper-and-gold projects throughout Latin America, including Peru, Chile, Peru, Mexico, and Peru. The Warintza copper/gold project in Ecuador is a high-grade resource that has potential for expansion and further discovery.

Solaris has received steady news from Warintza's drilling program in 2021. The company reported 1,184m of 0.68 percent copper equivalent surface at the project’s Central zone in September. Company's drilling efforts continue to expand this zone towards defining a large, high quality open-pit resource.

2. Copper Mountain Mining (TSX:CMMC)

Current share price C$3.74; year-to date gain: 106.08%

Copper Mountain Mining's most important asset is its Copper Mountain mine in British Columbia, near Princeton. It produces approximately 100 million pounds of copper equivalent each year.

Copper Mountain produced 29.6 million pounds copper equivalent in Q2. The company has increased its 2021 production guidance from 90 million to 100 millions pounds.

3. Josemaria Resources (TSX :JOSE).

Current share price C$1.30; year to-date gain: 68.83%

Josemaria Resources is moving forward its 100% owned Josemaria copper, gold-silver project located in Argentina's San Juan Province. The company claims that the asset is the largest undeveloped copper/gold project in the world with a proven reserve profile of 6.7 Billion Lbs, 7 Million ounces gold, and 31 Mln ounces silver.

A feasibility study was completed in October 2020. It showed an open-pit operation with a conventional process plant that can produce 152,000 tonnes per day and has a life span of 19 years. Highlights of the study include a US$1.53 trillion after-tax net value at a discount 8 percent and a 15.4 per cent internal rate of return. These figures are based upon metal prices of US$3 per kilogram copper, US$1,500 an ounce gold, and US$18 an ounce silver. Basic engineering is being done on the project with the aim of completion in Q2 2022. The company expects to complete the environmental social impact assessment process in H1 2022.

4. Amerigo Resources (TSX:ARG)

Current share price C$1.35; year to-date gain: 66.75%

Amerigo Resources has a relationship with Chile's state-owned Codelco, the largest copper producer in the world. Amerigo's relationship with Codelco, the largest underground copper mine in the world, allows them to produce copper concentrate and molybdenum concentrations as a byproduct.

Amerigo's Q3 production figures for its Minera Valle Central tailings facility in Chile include 16,000,000 pounds of copper. 11.5 Million pounds of this were fresh tailings. Due to a higher grade and fresh tailings tonnage, the company's third quarter production was 109 per cent above its guidance.

5. Teck Resources (TSX:TECK.A,TSX:TECK.B)

Current share price C$35.63; year to-date gain 54.07 percent

Teck Resources, Canada's largest mining company, is last on the list of best copper stocks. Teck Resources has a varied portfolio, both in metals and geography. Teck is a major producer of copper with four copper mines in operation and a strong pipeline of copper projects for the Americas.

Teck's connections to green energy metals like copper have been a success. The company's share prices have benefited tremendously from the rising copper price in 2021.

Securities Disclosure - I, Melissa Pistilli have no direct investment in any company mentioned.


copper industry outlook cover
Why did this sharp rebound occur? What is more important, can you afford to miss out?
The FREE2021 Copper Prices Report contains Exclusive Content, such as Expert Interviews, Trends and Forecasts.
Grab Your Report

By: Melissa Pistilli
Title: Best Copper Stocks on the TSX
Sourced From: investingnews.com/daily/resource-investing/base-metals-investing/copper-investing/best-copper-stocks/
Published Date: Tue, 02 Nov 2021 20:55:00 +0000


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