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Top Penny Stocks to Watch as the $1 Trillion Infrastructure Bill Passes

Three penny stocks to watch as Biden signs the Infrastructure Bill into law
The post Top Penny Stocks to Watch as the $1 Trillion Infrastructure Bill Passes…

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This article was originally published by PennyStocks

3 Top Penny Stocks to Add to Your November Watchlist 

Investing in penny stocks in 2021 is not for the faint of heart. But if done correctly, there are plenty of ways to make money with penny stocks right now. To understand how, we have to consider what’s going on in the economy and how it could affect certain either penny stocks or blue chips

How the Infrastructure Bill Could Affect Penny Stocks 

At the top of the list, we have inflation and the fears surrounding the future of the U.S. economy. Despite a major boom in the stock market over the past few months, there is a lot of uncertainty considering the massive stimulus given out during the pandemic and the $1 trillion Bipartisan Infrastructure Bill. 

[Read More] 5 Penny Stocks To Buy According To Analysts With Targets Up To 156%

As a result, many investors have turned their attention toward inflation safeguards such as mining stocks, gold stocks, and more. Now, this is not to say that the economy is on the edge of a collapse and that it’s time to buy gold bullion. But rather, considering the current economic situation will help to guide your portfolio in the right direction. 

When it comes to penny stocks, it’s always best to understand how geopolitical and economic shifts could cause a move in price. With the passing of the new infrastructure bill, we could see several positives such as job creation, but we could also see even more inflation considering the sheer cost. So, with all of this in mind, let’s take a look at three penny stocks to add to your November watchlist. 

3 Penny Stocks to Watch in November 2021

  1. IAMGOLD Corp. (NYSE: IAG
  2. ReTo Eco-Solutions Inc. (NASDAQ: RETO
  3. Harmony Gold Mining Company Limited (NYSE: HMY

IAMGOLD Corporation (NYSE: IAG)

IAMGOLD Corporation is a mining penny stock we have mentioned frequently because of its momentum. If you’re not familiar with IAG, it is a mining company with an interest in several high-profile mines. Specifically, it holds an interest in the Rosebel mine and Essakane mine among many others. The company is involved in the exploration, development, and operation of these properties. In addition to gold, IAMGOLD also searches for silver and copper at its projects like the Loma Larga project.

[Read More] Best Penny Stocks to Buy Now? 3 to Watch in Mid-November 2021

On November 3rd, the company reported its third-quarter results for 2021. IAMGOLD’s mine-site free cash flow totaled $121.6 million with an adjusted EBTIDA of $265.7 million. In addition, IAMGOLD experienced a total net loss of $20.1 million of $0.04 per share during this period. Despite some negatives, investors in IAG are still comfortable in the future of the company. In the past five days and one month period, shares of IAG stock have shot up by around 6% and over 18% respectively.

“The third quarter of 2021 saw improvement in our operating performance supported by the continued strong results at Essakane. Rosebel performed in line with the revised plan. Construction activities at Côté continue to proceed well, reaching 36% project completion at quarter-end. First steel installation of the plant building commenced in mid-October, and the project remains on track for commercial production in the second half of 2023.”

President and CEO of IAG, Gordon Stothart

With its recent bullish momentum, it’s no wonder why investors are paying attention to IAG stock. Considering that, will it be on your list of penny stocks to watch

Penny_Stocks_to_Watch_IAMGOLD_Corporation_

ReTo Eco-Solutions Inc. (NASDAQ: RETO)

ReTo Eco-Solutions inc. is a penny stock that is up by over 25% at midday on November 16th. This brings its five-day and one-month gains to a staggering 69% and 186% respectively. For some context, Reto is a materials corporation based in China that offers construction products. ReTo is involved in the manufacturing and distribution of its products. These products are used for flood control, water retention, gardens, water absorption, and much more.

Recently ReTo came into the public eye regarding an update from the NASDAQ. The NASDAQ announced that RETO stock is below the minimum bid price requirement and it could potentially face delisting if it is unable to meet the $1 requirement. However, at over $2.30 per share right now, it looks like RETO is no longer at risk of losing its listing status. It’s worth noting that it has to maintain an above $1 price for over 10 days to remain compliant moving forward. Noting this new info, will RETO be on your penny stock watchlist?

Harmony Gold Mining Company Limited (NYSE: HMY)

Harmony Gold Mining Company Limited is another mining penny stock that has been making solid headway in the past week or so. During that time, shares of HMY stock have climbed by over 10% to its current price of over $4 per share. This company explores for, extracts, and processes gold at its mines. Additionally, Harmony searches for silver, copper, uranium, and molybdenum deposits as well. It searches for these materials at the Hidden Valley mine, Wafi-Golpu, and more.

According to the company’s most recent update, earnings and sales for the fiscal year 2021 grew year over year. This is due to the company’s solid mining outlook and the rising price of metals right now. If we consider that HMY’s largest mining asset is gold, we see that it is an important metal to keep an eye on. In addition, we’ve seen inflation have a sizable effect on the price of most raw materials, including those that Harmony mines. 

Because of this, many investors believe that the outlook for Harmony could remain positive moving into the future. While HMY’s stock performance this year is nothing to write home about, we have seen a slight bullish turnaround in the last week or two. Whether this bullish sentiment can remain into the future remains to be seen. But, there’s no doubting that HMY stock could be worth watching moving into the next few weeks. Keeping this in mind, will HMY be on your penny stock watchlist?

Penny_Stocks_to_Watch_Harmony_Gold_Mining_Company_Limited_HMY_Stock

Which Penny Stocks Are on Your Watchlist Right Now?

If we consider what’s going on in the world, making a penny stocks watchlist can be that much easier. However, investors also need to have a thorough understanding of their own investing style and how that will impact the stocks on your list.

[Read More] 4 Metaverse Penny Stocks To Watch In November 2021

To do so, traders should consider their tolerance for risk, and what their long-term investing goals are. With all of this in mind, which penny stocks are on your watchlist right now?

The post Top Penny Stocks to Watch as the $1 Trillion Infrastructure Bill Passes appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.









iamgold corporation

Author: J Dylan

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Ground Breakers: Costs rise for ASX gold miners as inflation bites

Gold miners have endured an arduous 2021 in equity markets. While cash has been easy to come by and deals … Read More
The post Ground Breakers: Costs…

Gold miners have endured an arduous 2021 in equity markets.

While cash has been easy to come by and deals are being done, most gold producers have been hit by poor sentiment as prices have struggled to break out.

Over the past year the All Ordinaries Gold Index has sagged around 20%.

Although most are still making good money, rising costs and the impact of inflation and labour challenges are also hitting miners in the hip pocket.

Metals Focus says the global average all in sustaining cost for gold miners hit its highest level since 2013 in the September quarter, rising 3.6% quarter on quarter to US$1123/oz.

Costs are on the rise for gold producers
Pic: Metals Focus

Australian miners were the worst off when it came to cost pressures, with costs in Australia climbing by an average of 13.1%.

Global AISC margins fell by 9% QoQ to US$667/oz, with Australia’s sliding 18%, Canada’s dropping 5% and Russia’s falling 7%.

Margins remain high historically speaking, and 94% of gold operations tracked by Metals Focus remain profitable.

“As might be expected, increasing costs and a lower gold price have squeezed margins in the September quarter,” they said.

“However it is worth noting that their margins are still substantially higher than in previous years.”

“Despite the relatively healthy margins, the lower gold price and rising costs are putting pressure on higher cost operators,” Metals Focus said.

“While the proportion of output that is profitable remains high at 94%, it has fallen from 98% in Q2.21. A number of operations and projects are already under strategic review with regards to increasing costs.”

Costs are up for goldies for the fourth straight quarter
A few more gold miners are touching the margins. Pic: Metals Focus

“If cost inflation persists and margins diminish even further it is likely that development project approvals will be delayed and also possible that the highest cost production of more marginal producers could potentially be closed.”

Although global average head grades rose 0.5% (5% in Australia), inflationary pressures including crude oil prices, rising salaries amid Covid restrictions, labour shortages and turnover, and the cost of equipment due to supply chain issues drove up operating costs for the fourth straight quarter.

Markets reacted badly this morning to news of the spread of the omicron coronavirus variant around the world, with materials sliding 1.19% this morning.

Chalice soars on new Julimar discovery

Market darling is a phrase that doesn’t quite cut it with Chalice Mining (ASX:CHN), which is up 60 times over since making the Gonneville nickel-copper-PGE discovery 70km north of Perth early last year.

Shares jumped more than 4% this morning after Chalice announced another discovery at Julimar, where last month it declared Gonneville the world’s biggest nickel sulphide discovery in 20 years and Australia’s first major platinum group elements resource.

The new mineralised intrusion is an ultramafic unit to the west of Gonneville, separated by around 70m of metasediments.

Located immediately south of the 6.5km Hartog anomaly, Chalice struck 3m at 2g/t palladium, 0.3g/t platinum, 0.6% nickel, 0.5% copper and 0.05% cobalt for a 1.7% nickel equivalent from 68m in one hole.

The second mineralised intercept struck 2m at 1.8g/t Pd, 0.2g/t Pt, 0.6% Ni, 0.5% Cu and 0.06% Co for a 1.9%NiEq from 139.2m.

The discovery did not show up on EM, “highlighting the potential for further blind discoveries” according to Chalice.

While Chalice has already drilled around 180,000m at Julimar, part of its value proposition is the idea that more will be found with the Gonneville resource accounting for just 7% of the 26km strike of the Julimar complex.

It has submitted a conservation management plan to get at the Hartog target, which will be a bit more thorny because unlike previous drilling which has been located on private farmland, Hartog lies beneath the Julimar State Forest.

Chalice says its CMP for drilling the Hartog-Baudin targets is sitting with the WA Government and it expects approvals shortly.

Chalice Mining share price today:

 

The post Ground Breakers: Costs rise for ASX gold miners as inflation bites appeared first on Stockhead.




Author: Josh Chiat

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QMines tops the class with second resource update just a few months after listing

Special Report: In just the six short months since making its debut on the ASX, QMines has delivered its second … Read More
The post QMines tops the…

In just the six short months since making its debut on the ASX, QMines has delivered its second resource estimate for the Mt Chalmers copper-gold project, which is 38% higher than the previous estimate and largely in the higher confidence measured and indicated categories.

QMines (ASX:QML) has delivered an updated resource for its flagship Mt Chalmers project in Queensland of 5.8 million tonnes at 1.7% for 101,000 tonnes of contained copper equivalent, which includes for the first time measured and indicated resources.

Significantly, 78% of the updated resource falls into the higher confidence measured and indicated categories. This is important because it gives an explorer sufficient information on geology and grade continuity to support mine planning and allows the definition of a reserve.

The updated resource is not far off the 120,000 tonnes that respected Australian investment firm Shaw and Partners forecast for the latest resource upgrade in a research note in early October.

Shaw and Partners, however, anticipated the updated resource would still be 100% inferred. This attracted an increased 72c price target from the investment firm which is a nearly 90% premium to the 38c share price QMines is trading at currently.

QMines share price chart (ASX:QML)


 

So the fact that such a large chunk of the resource is in the measured and indicated categories is a big leap in terms of confidence in the resource and should be a positive signal to the market of QMines’ ability to over-deliver against the target.

“As the company only listed in May 2021, it is a fantastic achievement to be delivering a resource upgrade for our shareholders in such a short period of time,” executive chairman Andrew Sparke said.

“It is very pleasing to see that the upgraded resource has substantially grown in both size and confidence level, with the measured and indicated categories now comprising 78% of the overall resource.”

Offering further exploration upside, Sparke says QMines has identified several volcanic-hosted massive sulphide (VHMS) prospects outside the known resource, which bodes well for further resource upgrades and the potential for future development.

A world class mine in the making

Mt Chalmers is already considered one of the world’s highest-grade gold-rich VHMS systems.

QMines has previously demonstrated the significant size potential and high-grade nature of the deposit, with recent peak grades of from a 15-hole, 2,182m diamond drilling program including 5.3% copper, 11.75 grams per tonne (g/t) gold, 243g/t silver, 33% zinc and 19% lead.

Those results, which were reported just last week, follow close on the heels of ‘bonanza’ grade copper, gold, silver, lead and zinc intercepts announced in October.

A major 30,000m drilling program continues unabated, with a third resource upgrade planned for the first half of 2022.

QMines

 

This article was developed in collaboration with QMines, a Stockhead advertiser at the time of publishing.

 

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

The post QMines tops the class with second resource update just a few months after listing appeared first on Stockhead.






Author: Special Report

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Miramar finds ‘very large’ gold footprint at Glandore project

Special Report: Miramar has outlined shallow supergene gold anomalism over almost 5 kilometres of strike and across multiple targets at … Read More
The…

Miramar has outlined shallow supergene gold anomalism over almost 5 kilometres of strike and across multiple targets at its Glandore project in WA.

Multiple holes from the lake aircore drilling across the expanded Glandore East footprint returned and/or ended in results >0.25 g/t gold including hole GDAC037 which intersected 6m at 0.62 g/t from 12m and ended in 2m at 1.04 g/t.

Hole GDAC061 intersected 4m at 0.46 g/t and 4m at 0.61 g/t – and is approximately 400m south of historical aircore holes which intersected 6m at 1.33 g/t and 9m at 1.10 g/t (EOH).

The Glandore East footprint now extends for over 3km towards historic gold workings and remains open.

Follow up drilling planned in the new year

Miramar Resources’ (ASX:M2R) executive chairman Allan Kelly, said the recent lake drilling had identified a very substantial gold system at Glandore and greatly increased the potential for the discovery of gold mineralisation including that like the nearby Majestic and Trojan deposits.

“Our first pass lake drilling has outlined coherent supergene gold anomalism within multiple targets over almost five kilometres of strike which is a considerable proportion of the entire project area,” he said.

Miramar Resources
Glandore Project showing recent drilling and historical holes.

“Today’s results indicate the presence for multiple NE-trending mineralised structures within the granodiorite pluton extending over a significant strike length, along with coherent gold mineralisation across several other targets which will need to be followed up early in the new year.

“Gold mineralisation at Majestic and Trojan is also hosted in NE-striking structures within granitic intrusions, so our recent results indicate significant potential for a similar discovery at Glandore.”

The company will now plan for follow-up aircore drilling in the new year, and then plan for diamond drilling.

 


 

 

This article was developed in collaboration with Miramar Resources Limited, a Stockhead advertiser at the time of publishing.

 

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

The post Miramar finds ‘very large’ gold footprint at Glandore project appeared first on Stockhead.



Author: Special Report

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