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BlackEarth Minerals is moving up the food chain fast in the graphite world

Special Report: From day one, BlackEarth Minerals boss Tom Revy says, the graphite junior’s aim was to be more than … Read More
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From day one, BlackEarth Minerals boss Tom Revy says, the graphite junior’s aim was to be more than just a miner.

Those dreams will come true with the announcement that an MoU with India’s Metachem has been finalised into a binding agreement.

It will see BlackEarth (ASX:BEM), the owner of the Maniry Graphite project in Madagascar, head downstream into the production of expandable graphite.

Final engineering and costing are being completed on the proposed 2500tpa joint venture, which is expected to begin construction before the end of the year at a cost understood to be between US$3-3.5 million.

“On January 19, 2018, we listed and the vision from day one has always been to become a material player in the global graphite supply chain, not just be a miner, but to basically provide our shareholders with the uplift in margin by processing downstream our concentrate product or products,” Revy told Stockhead.

“Metachem have been in the business of producing expandable graphite now for about 25 years. So they clearly have the skill base and the operating know-how and that’s what they bring to the joint venture.

“BlackEarth brings access to raw material initially on the market and once we’ve developed the Maniry Project, from our own mine site.

“They’re currently a 1000 tonne per annum producer and they do sell some graphite internationally. Their reputation for their product is first class, which reinforces our view on them as a joint venture partner.”

Graphite goes beyond batteries

Coarse flake graphite is a high value product because it has the potential tobe processed into expandable graphite.

It is a sought-after material used as a fire retardant and for heat dissipation that has exploded into public consciousness following the tragic Grenfell tower fire in London.

Rising safety standards for cladding in buildings will see the market for expandable graphite grow substantially. Benchmark Minerals Intelligence believes the market will be 200,000t in 2040, up from just 50,000t in 2015.

Around half of that demand will come from its use in flame retardants. It means the BlackEarth-Metachem joint venture could be coming on board at just the right time.

“Firstly, we’re not only going to see an appreciable increase in terms of demand for expandable graphite and demand for coarse flake graphite in general, which is used in other areas,” Revy said.

“But we’re also seeing a global decline in coarse flake production over the last two to three years, and from what we understand that trend is likely to continue.

“So you’re creating a perfect storm, whereby supply is falling, demand is increasing, and we’re coming on board to produce an expandable product very shortly.”

Like many emerging markets, Revy says the biggest issue is not demand for expandable graphite, but the inability of current producers to service a growing market.

“By adding around 2% expandable graphite, it basically acts as a fire retardant and stops the flame from traveling up the cladding or along the cladding in any direction,” he said.

“So it’s a major, major requirement in terms of building cladding. The industry is not just looking at incorporating it within new designs, but it’s also looking at retrofitting.

“The lack of availability of coarse flake for the production of expandable graphite is what is dictating how fast that can occur. So, there’s no shortage of demand at the moment.”

Expandable graphite is also used in upholstery, rubber and carbon fibre sheeting as well as graphite foil, which works as a heat dissipating material in electronics. Natural graphite is particularly common in vehicles and electric vehicles as a lubricant and in brake pads, while fine graphite is best known for its role as an anode in lithium ion batteries.

“So people shouldn’t be looking at electric vehicles in a one dimensional sense when they talk about graphite as purely being associated with the anode,” Revy said.

“There’s so many other uses, that graphite gets incorporated into not just current internal combustion engine vehicles but moving forward into electric vehicles.”

Coarse flake graphite from Maniry is suited for the production of expandable graphite. Pic: BEM

Margins the aim for BlackEarth

The big advantage for shareholders, Revy says, will be the uplift in margin from moving up the value chain.

While exact operating costs will come out in the advanced engineering studies, raw coarse flake graphite sells from between US$1000-1800/t. Revy said expandable graphite at the moment trades for between US$2800-3200.

“So for a low capital investment, working with the right people in Metachem, it’s certainly deemed to be a low risk,” he said.

BlackEarth and Metacham already have an offtake agreement for 2500tpa with Austria’s Grafitbergbau Kaisersberg – a company that has mined and produced graphite products for over 50 years, and a tier 1 buyer of expandable graphite

“We’ve significantly lowered the risk by having a legally binding offtake arrangement in place already,” Revy said.

“So for us, it’s a no-brainer to go down that path, get ourselves established in the market in at around 2500 tonnes a year and then do subsequent expansions from there and of course realise some nice margins for shareholders.”

The Maniry mine in Madagascar, where a feasibility study is due in the second quarter of 2022, is expected to be in production mid-2023.

But that will not hold back work on the Indian expandable graphite plant. Until then BlackEarth will utilise its contacts including a relationship with German graphite supply chain experts LuxCarbon to secure feedstock for the joint venture.

“Our Executive Director, David Round, has been involved in international sales in the graphite industry for many years,” Revy said. “Between himself and our contacts at LuxCarbon in Europe we’ll be sourcing that coarse flake material to start that expandable plant.

“And our intentions are to have Maniry in production 12 months after.”

At that point margins should get even better, with the cost of market sourced flake graphite replaced with the much lower cost of production at Maniry.

BlackEarth Minerals
The graphite market is set to grow exponentially over the coming decade. Pic: Benchmark Minerals Intelligence/BEM

Maniry a long life operation

Maniry is located in southern Madagascar, a mining jurisdiction that is less obscure than some might realise.

In fact it has played host to graphite mining for over 100 years and is China’s number one source of the battery metal, the second largest supplier into India and a top 5 supplier into the United States.

Madagascar sits fourth among the world’s major graphite producers on the mining investment risk index, behind only Canada, Norway and Mexico and ahead of Brazil, China, India and Russia.

“It’s in the top 10 graphite producing countries, but it’s also a significant player in the mineral sands industry,” Revy said.

“Rio Tinto have the billion dollar QMM operation located only about 150km from where we’re planning to build the Maniry project.

“And there’s also the US$8 billion Ambatovy nickel project close to the central east coast.

“So there are some big players, there are some big projects, but there’s obviously a lot of smaller mining operations, and certainly the prospectivity for Madagascar’s exceptionally high.”

Revy said Madagascar has a strong reputation for the quality of its graphite, and the Maniry project should be no different.

It is backed by a resource across the Razafy and Haja of 20.2Mt at 6.51% total graphitic carbon for 1.316Mt of contained graphite. About 8Mt at 7.2% graphite are in the higher indicated category with the rest inferred.

BlackEarth’s January 2019 scoping study on the Maniry operation gave it a mine life of 10+ years based on Indicated Resources alone, although it will likely go much longer and the company holds a 40-year mining lease over the Razafy resource.

At a capital cost of US$41m for the first 500,000tpa stage, the project carries a US$103m NPV before tax with an internal rate of return of 42%, generating ~30,000tpa of graphite at an opex of US$593/t FOB.

This would generate life of mine EBITDA of US$209.7m with capital payback after 2.7 years. A second stage expansion to 1Mtpa from the fourth year of operations would cost US$29m and up production to 60,000tpa of graphite.

However, those figures (which will be updated in the higher confidence DFS) are extremely sensitive to grade. Should Maniry deliver feed grades averaging 7.2%, that NPV rises to US$152m with an IRR of 55%.

At 8.2% TGC those numbers climb to US$201m and 68%, for 9.2% US$250m and 81% and by adding 4% to the feed grade to take it to 10.2%, the NPV becomes $299m with a very compelling IRR of 94%.

BlackEarth may have one or two opportunities to find higher grade ore sources on its own ground as well, with Maniry consisting of some 20km2 of tenements with 35 large outcropping target areas and 90% of the tenure being largely underexplored.

BlackEarth Minerals
Pic: Work in the field at Maniry. Pic: BlackEarth Minerals

Razafy North West a high grade domain

On the grade front BlackEarth has been buoyed by drilling results last month from its Razafy North West prospect, about 600m from the existing Razafy resource.

A typical graphite operation mines at a grade of around 5-6% total graphitic carbon. Try these hits from Razafy NW on for size:

  • 29.7m at 17.6% TGC from 5m
  • 16.1m at 16.2% TGC (from 3m)
  • 10.7m at 15.8% TGC (from 22m)
  • 5.1m at 18.9% TGC (from 22m)

“We’ve had intersections within that wide zone of up to probably four or five metres at 28-29%,” Revy said.

“To put it in context other people in Madagascar are mining typically 4-5%. At the moment, the Molo Project 60-70km north of us is in construction and they’ll be processing around  6% TGC – total graphitic carbon.

“So we’re about 7% at Maniry, but those recently announced grades are unheard of in terms of Madagascar, so we’re onto something special there.”

The discovery of the Razafy North West mineralisation highlights the quality of the graphite domain where BlackEarth operates.

Its market cap remains just ~$28 million despite this, which according to analysts at WA brokers Argonaut, could present a buying opportunity.

Mining analyst John Macdonald recently gave BlackEarth a speculative buy rating and 27c price target, against its current price of 13c calling Maniry “potentially a top shelf natural graphite project, currently carrying a basement level price tag”.

“The race is on to build graphite to anode supply chains outside China, from a zero base,” he said. “We expect premiums will be paid for access to graphite deposits like Maniry. Not all graphite projects putting a hand up will qualify.

“What looks like a coming wall of natural graphite supply is highly fragmented according to quality and specification.

“A handful of comparable projects to Maniry each have enterprise values (EVs) greater than A$100M, compared to BlackEarth’s A$19M. NextSource (TSE:NEXT) is working a similar deposit 70km from Maniry, and has an EV of A$193M.”

BlackEarth Minerals
Drill core from Razafy North West. Pic: BEM

BlackEarth wants to build community

Madagascar may be prospective ground for miners, but it is also one of the poorest nations on Earth, with the World Bank estimating around 75% of the population lives below the poverty line.

Maniry is located near the town of the same name and it is located in one of the poorest regions in Madagascar, Ampanihy, where most of the community work in farming and successive years of drought have pushed the population into famine.

“Right now, those villages are going through one of the worst famines ever experienced in the area,” Revy said.

“We’re supporting them with regular food parcels and also looking at water supply, where we’ve recently refurbished a pump water station for them.

“Historically, we have worked with Australian Doctors in Africa.

“We provide them with office space and logistics support also so they can operate properly in Madagascar as well.

“And we’ve also been associated with the nearby villages as far as helping them furnish classrooms as well as providing assistance in a new medical clinic nearby.”

“And I see that as a pretty integral component to working with the local Madagascan folk, because we don’t see ourselves as transient visitors. We’re there for the long term, we’re looking like we’re going to be operating in a huge graphite domain, so we’re going to be there a long time as neighbours.

“So we see ourselves as more or less long term partners rather than fly-in, fly-out type people.”

Revy said the mine could be transformative for the local community.

“It will provide jobs directly, both permanent and contract. It will provide the opportunity for peripheral industries to grow, whether that’s associated with food or whether it’s associated with textiles, or whether it’s associated with vehicle maintenance.

“You’ll get the flow on effect that you’ll see other industries start to flourish nearby and prosper and allow people to basically lead a better life.”

BlackEarth Minerals
Core storage at the Maniry project. Pic: BEM

Donnelly River ticking the boxes

While Revy has scoured the globe for opportunities to build BlackEarth’s graphite business, its second project is a little closer to home.

BlackEarth is exploring relatively uncharted nickel, copper and PGE prospects to the 240km south of Perth near Manjimup and adjacent to Chalice Mining and Venture Minerals’ Thor and Odin prospects at their South West JV.

“The market’s aware that we recently flew some VTEM. And the VTEM results demonstrated a number of target areas for us to follow up on,” Revy said.

“The area itself, we’ve identified mafic-ultramafic rocks, those are the rocks traditionally associated with the nickel sulphides that people know of in the eastern goldfields kind of area from Mt Keiths down to Nova. So there’s a big tick to start with.”

Surface sampling at Donnelly River has also delivered elevated levels of nickel, copper and PGEs. Revy said while the focus was on Maniry and BlackEarth’s downstream graphite business, work would be ongoing in WA.

“Moving forward, we’re currently working out how we best extract maximum value out of our asset,” he said.

“But we won’t be slowing down then, we’ll be looking at the next phase of exploration, which will probably incorporate more surface sampling, particularly around the delineated targets from the VTEM exploration activities.

“And then ultimately, those sort of results will feed back into a drill program.

“If it takes 10 steps to make a major exploration find we’re probably at stage three. But to date, we’ve ticked stage one, stage two and stage three. So nothing’s guaranteed, but the pathway that we’ve followed so far has been very positive.”

 


 

 

This article was developed in collaboration with BlackEarth Minerals, 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 BlackEarth Minerals is moving up the food chain fast in the graphite world appeared first on Stockhead.

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Toronto Stock Exchange announced the 2021 TSX30, showcasing top-performers

  TORONTO – Toronto Stock Exchange yesterday announced the 2021 TSX30™, the Exchange’s flagship program showcasing the 30 top-performing stocks…

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TORONTO – Toronto Stock Exchange yesterday announced the 2021 TSX30, the Exchange’s flagship program showcasing the 30 top-performing stocks over a three-year period, based on dividend-adjusted share price performance. The annual ranking serves to spotlight the achievements and sustained success of TSX’s leading listed companies while also highlighting the depth and diversity of Canada’s powerful capital markets ecosystem.

“Public companies on our world-class Exchanges play a critical role in creating jobs and driving economic activity. Despite challenging times, the 2021 TSX30 and many more of our listed companies across all sectors have continued to lead the way; pursuing adaptive, future-focused business plans and generating growth for their shareholders, industries, and the communities in which they operate,” said Loui Anastasopoulos, President, Capital Formation and Enterprise Marketing Officer, TMX Group. “On behalf of all of us at TSX, I’d like to congratulate the 2021 TSX30 winners for their achievements and look forward to continuing to work with them to support their future success.”

14 out of the 30 companies on the 2021 TSX30 list are from the mining industry and five are from the technology sector. While those sectors are well-represented, the ranking spans several industries and includes a cross-section of established and emerging companies.

Other highlights from this year’s ranking include:

  • TSX30 companies created $248B of market capitalization growth over the past three years and average adjusted shareholder returns of more than 300%

  • 60% of the companies on this year’s list are not on the S&P/TSX Composite Index*,  demonstrating the diversity of investment opportunities in Canada’s premier equities market

  • 11 of the 30 companies on this year’s list are graduates of the junior TSX Venture Exchange, highlighting the strength of TMX Group’s two-tiered capital formation ecosystem

 

The 2021 TSX30 ranking:

Ranking

Issuer

Ticker

3-Year Performance

1

Aura Minerals Inc.

ORA

1125%

2

Shopify Inc.

SHOP

846%

3

Trisura Group Ltd.

TSU

523%

4

Ballard Power Systems Inc.

BLDP

495%

5

Capstone Mining Corp.

CS

433%

6

Champion Iron Limited

CIA

365%

7

goeasy Ltd.

GSY

327%

8

Orla Mining Ltd.

OLA

313%

9

SilverCrest Metals Inc.

SIL

286%

10

Wesdome Gold Mines Ltd.

WDO

283%

11

Marathon Gold Corporation

MOZ

258%

12

Aya Gold & Silver Inc.

AYA

253%

13

Victoria Gold Corp.

VGCX

251%

14

EcoSynthetix Inc.

ECO

243%

15

Ivanhoe Mines Ltd.

IVN

231%

16

Real Matters Inc.

REAL

214%

17

GDI Integrated Facility Services Inc.

GDI

212%

18

AutoCanada Inc.

ACQ

212%

19

Goodfood Market Corp.

FOOD

206%

20

TFI International Inc.

TFII

198%

21

Copper Mountain Mining Corporation

CMMC

194%

22

NioCorp Developments Ltd.

NB

188%

23

Cargojet Inc.

CJT

187%

24

Absolute Software Corporation

ABST

183%

25

TECSYS Inc.

TCS

181%

26

ECN Capital Corp.

ECN

178%

27

Ceridian HCM Holding Inc.

CDAY

171%

28

Pollard Banknote Limited

PBL

166%

29

Ero Copper Corp.

ERO

165%

30

Lithium Americas Corp.

LAC

162%

TMX Group operates global markets, and builds digital communities and analytic solutions that facilitate the funding, growth and success of businesses, traders and investors. TMX Group’s key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation, and Trayport which provide listing markets, trading markets, clearing facilities, depository services, technology solutions, data products and other services to the global financial community. TMX Group is headquartered in Toronto and operates offices across North America (Montréal, Calgary, Vancouver and New York), as well as in key international markets including London and Singapore.

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Top Mining Small Cap Stocks To Watch

Will these mining small cap stocks go up in the market?

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Will these mining penny stocks go up in the market?

Everybody has heard of penny stocks at some point if you have been investing in the market. Mining penny stocks are company’s that mine for materials such as gold, silver, copper, and more. Many investors have turned to mining penny stocks under $5 as a way to enter the market at a low cost. Some new traders will think that penny stocks are just a quick way to make a profit, but it is not that simple. While this situation can exist, it is also possible to lose money just as fast as you can make it with these cheap stocks.

There are plenty of mining penny stocks that will reach very high prices on the regular, but does that mean you should buy them? Well, it is very important to look at the trading volume of these companies. If a mining penny stock is at a high price but its volume is below its average, it could potentially underperform soon. While this is not a guarantee, it happens a lot in the market.

One common question that investors may have is, how do you buy or sell penny stocks? There are two types of investments you can make when buying penny stocks. There is long term investing and short term investing. This is a personal choice depending on what your goals are for investing. You should also look at the market for mining stocks at the moment. For example, mining companies are in a volatile position right now because of inflation and the pandemic. Let’s now take a look at three mining penny stocks that could make your watchlist in September 2021.

Top Mining Penny Stocks To Watch

  1. New Gold Inc. (NYSE: NGD)
  2. Harmony Gold Mining Company Limited (NYSE: HMY)
  3. Transocean Ltd. (NYSE: RIG)

New Gold Inc. (NYSE: NGD)

New Gold Inc. is a mining penny stock we talk about a lot on goldstocks.com. This is due to its frequent momentum in the market. This is a mining corporation that is developing mineral properties in many locations around Mexico and Canada. The company’s current mining projects have a focus on gold, silver, and copper deposits at its mines. Its locations include the Rainy River mine, Afton mine, Cerro San Pedro mine, and a few other mines.

2 days ago, New Gold provided an operational outlook. The company’s consolidated gold equivalent production is now expected to be between 405,000 and 450,000 by the end of 2021. The company’s consolidated copper production guidance remains unchanged. The company now expects its all-in sustaining costs to be around $1415 to $1495 per gold equivalent ounce.

President and CEO Renaud Adams said, “While the reduction in our near-term guidance at Rainy River is unfortunate, I remain confident the mine has reached an inflection point, as evidenced by the free cash flow generated in the second quarter and the mine is on track to deliver an improved second half of the year.” Now that you know the latest from the company, will NGD enter your mining penny stock watchlist in mid-September?

Harmony Gold Mining Company Limited (NYSE: HMY)

Harmony Gold Mining Company Limited is a mining stock that has been going up in market value recently. This is a company that mines for and extracts gold at many owned properties. Harmony is involved in the exploration, extraction, and processing of gold, silver, copper, uranium, and more.

In August, Harmony released a trading statement and operating update for the year ending June 30th, 2021. There were a lot of positive results from Harmony that were announced in this update. For one, the company experienced a large increase in earnings and revenue. Harmony additionally had a higher reported translation gain on its U.S. dollar-denominated debt year over year.

This is a penny stock that often moves with the price of gold itself. When investing in mining stocks, it is important to look at the overall sector. For example, if gold experiences a shortage, it will likely impact the price of HMY stock. On September 14th, HMY stock is up nearly 5% in the market. Is HMY a contender for your list of mining penny stocks to watch this month?

Transocean Ltd. (NYSE: RIG)

Transocean Ltd. is a penny stock that just went up by 8.11% in the market. This is a company that provides offshore contract drilling services. Transocean contracts drilling rigs, equipment, and work crews. The company owns or has partial ownership in 37 mobile offshore drilling units, 27 deepwater, and 10 harsh environment floaters.  

Back in early August, this oil drilling penny stock reported its second-quarter results for this year. The company’s total contract drilling revenues were at $656 million for the quarter. Transocean’s revenue efficiency was 98% compared to 97.4% the previous quarter. Now the company has announced that it secured a $252 million contract for a newbuild ultra-deepwater drillship, the Deepwater Atlas. This deal includes a mobilization fee of $30 million. This contract was awarded by BOE Exploration & Production LLC, and is due to the final investment from BOE and the Shenandoah working interest owners to sanction the previously announced Shenandoah project in the U.S. Gulf of Mexico.

President and CEO Jeremy Thigpen said, “We are extremely pleased to have secured the maiden contract for the Deepwater Atlas; the first of our two 8th generation ultra-deepwater drillships that will enter the market in 2022, both of which will be outfitted for 20,000 psi ultra-deepwater well operations. With so much new information to keep in mind, is RIG stock going to make your penny watchlist right now?

Mining Penny Stocks Under $5

There are many mining penny stocks one can watch that are under $5. That is why keeping up with the latest in the market is very important when investing in these cheap assets. Overall, it is important to remember how high-risk penny stocks are. Knowing how to invest in penny stocks and how to day trade penny stocks is important knowledge to have. So which mining penny stocks will make your watchlist this month?

The post Top Mining Penny Stocks To Watch in Mid-September appeared first on Gold Stocks to Buy, Picks, News and Information | GoldStocks.com.

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Aura Minerals Tops the List of 8 TSX Stocks that grew more than 300% in 3 years

Highlights The Toronto Stock Exchange has released a list of 30 top performing stocks that saw significant growth over the last three years The TSX30…

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Highlights

  • The Toronto Stock Exchange has released a list of 30 top performing stocks that saw significant growth over the last three years.
  • The TSX30 list is based on the dividend-adjusted stock price performance.
  • According to the TSX, the companies in this list have created approximately C$ 250 billion market capitalization.

The Toronto Stock Exchange (TSX) has announced the names of the 30 best-performing stocks in the last three years. The TSX30 list is based on the dividend-adjusted stock price performance, highlighting the diversity of the Canadian equities market.

According to the TSX, the companies in this list have created approximately C$ 250 billion market capitalization in the last three years and have recorded significant growth in the stock prices.

Let’s explore eight of these Canadian companies that saw a stock price growth of over 300 per cent in the last three years.

1. Aura Minerals Inc. (TSX:ORA)


In the last three years, Aura Minerals stock registered a growth of 1125 per cent.

Aura Minerals is involved in the exploration of copper and mid-tier gold in North and South America. It posted revenues of US$ 111.7 million in the second quarter of 2021, up from US$ 60.8 million in Q2 2021. Its operating income in Q2 2021 expanded to US$ 30.7 million.

At market close on September 14, ORA stock was priced at C$ 15 apiece, nearly 17 per cent lower than its 52-week high of C$ 17.98 (September 16, 2020). In case the stock gains momentum after making it to the TSX30 list, it could breach this number and surge further.

2. Shopify Inc. (TSX:SHOP)


Shopify, one of the largest e-commerce platform in Canada, recorded a stock price growth of 846 per cent in the last three years.

As the e-commerce industry boomed during the pandemic, Shopify's growth was notably significant. In Q2 2021, its total revenue surged by 57 per cent year-over-year (YoY) to US$ 1,119.4 million.

In addition, its net income from US$ 36 million in Q2 2020 to US$ 879.1 million in the latest quarter.

At market close on September 14, SHOP stock was priced at C$ 1,838.94 per share.

3. Trisura Group Ltd. (TSX:TSU)


Trisura Group, one of the leading specialty insurance companies in Canada, noted a stock growth of 523 per cent in the last three years.

TSU stock has also catapulted by 113 per cent in the past one year, outperforming the Toronto Stock Exchange 300 Composite Index's growth of about 70 per cent.

Trisura Group’s multiple business segments include Trisura Specialty, Trisura Guarantee and Trisura International.

TSU stock was priced at C$ 44.21 per share at market close on September 14.

4. Ballard Power Systems Inc. (TSX:BLDP)


With a price growth of 495 per cent in the last three years, Ballard Power is among the popular clean energy stocks in Canada. It is involved in the production and distribution of fuel cells.

On September 7, the clean energy company announced a strategic partnership with Quantron AG to develop hydrogen fuel cells for electric trucks that would help lower global carbon emissions.

BLDP stock surged by four per cent in the past month. At market close on September 14, the stock was priced 27 per cent higher at C$ 19.69 apiece against its 52-week low of C$ 15.5 (May 11, 2021).

TSX30 comprises the names of the 30 top-performing stocks over the last three years

© 2021 Kalkine Media Inc.

5. Capstone Mining Corp. (TSX:CS)


The British Columbia-based company’s stock recorded a growth of 433 per cent in the last three years.

With operating mines in the US, Canada and Mexico, Capstone Mining is mainly involved in the exploration and production of copper. It is also involved in the production of silver, gold, lead, zinc and molybdenum.

Capstone generate an operating cash flow of US$ 110 million and a net cash of US$ 172 million with zero drawn long-term debt in the second quarter of fiscal 2021.

Copper production is said to have totalled at 91.1 million in the six months ending June 30, 2021, up from 74 million in the same comparable period a year ago.

Also Read: Got $500? 5 best TSX stocks to buy in 2021

6. Champion Iron Limited (TSX:CIA)

Champion Iron Limited saw its stocks grow by 365 per cent in the last three years.

The Quebec-based company is engaged in the exploration and development of iron ore properties.

CIA stock has expanded by 81 per cent since the past year and surged by 11 per cent year-to-date (YTD).  

Priced at C$ 5.12 per share at market close on September 14, CIA stock was up by 109 per cent in comparison to its 52-week low of C$ 2.45 apiece (September 24, 2020).

In terms of financial performance, Champion Iron posted an EBITDA of C$ 405.7 million and a net income of C$ 224.3 million in Q1 FY22.

7. goeasy Ltd. (TSX:GSY)

With a growth of 327 per cent, TSX ranked goeasy's scrip as one of the top performing stocks in the Canadian stock market in the last three years.

The company provides financial services to consumers who want to own furniture, appliances, electronic goods, and computers.

GSY stock recorded a surge of about 231 per cent in the last twelve months, surpassing the S&P/TSX Diversified Financials’s growth of 115 per cent.

8. Orla Mining Ltd (TSX:OLA)

Orla Mining holds several mining projects, including that of gold and silver. It is engaged in the exploration and acquisition of mineral properties with business interests in countries like the US, Panama, Canada, and Mexico.

After a continuous decline for about three months, OLA stock seems to be gaining a positive momentum as it surged by about two per cent in the past month.

At the end of the trading session on September 14, it was priced at C$ 4.78 per share.

The difference between its close and 30-day simple moving average was 1.9.

Also Read: Is Manulife (TSX:MFC) stock a good buy for your portfolio reshuffle?

Bottom line


Keeping a diversified portfolio investment is often a common advice given by stock market experts. The TSX30 list could help you take note of diversified stocks that could rake in long-term returns.

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