The Canadian plays I posted about years ago ran up a lot but I missed the main move. Kinross, OceanaGold, New Gold, and one I bought last year Torex Gold ( bought at $14.05, sold at a minor profit, now $48 ). At this point, the Gold miners are problematic they can have operational issues and they have priced in a lot of potential or real success. Now, I like riskier small caps in metals, trading some mid tier Silver stocks, and anything in Copper is on the way up. Late bull in cyclicals are often best in the smaller plays. My current plays, mostly short term trades on the TSX in this environment : Silver : SVM, ASM, EDR, GRSL, MAG ( watching AYA, FVI, BIG, VZLA, SCZ ) Copper : HBM,ERO, CS, ARG, III, SURG ( watching LUN ) Uranium : MGA I just sold half my SURG. III is a new play I got into seems to be making new ground and looks like value after last earnings ( BIG, VZLA also promising but I don't know a lot about these three ). Mid cap Copper stocks I made some money off the Trump sell off ( ERO, HBM, CS ). SVM has been annoying but I'm selling anything I can at b/e or better on my most recent buys I prefer other Silver plays. The small caps are riskier but seem to be fairly active recently mostly in a good way. They'd all be strong based on commodity prices except the general market weakness is working against this current. Today overall I was basically b/e even though NYSE was really weak.
Canada has severe cold weather problems which hinders exploration and production, hence they have problems competing against Australian miners. Africa has sovereign risks problems with listed mining stocks.
You are underestimating the size and breadth of operations in Canada's mining ( mines all over the world ). AEM and Barrick for example are Canadian. Copper we have Teck Resources.
Yeah, I was just thinking of the local operations, not the global ones. But Australia has global miners in as BHP & RIO, their share prices are not performing too well.
Hard to say; New Gold I think is mainly here has limited profits but the stock went up a ton on every bull. OceanaGold is listed here but operates in your area seems solid profits. Traders seem to love both I made money 2020/2021 on those two. Kinross and Fortuna I got killed on in I think 2021 after doing well in 2020. I picked some small caps that have positive P/Es because they did that at lower metal prices in may get better. They trade thin though. I really think anything Copper and solvent is going to go way up eventually, just like the Gold junior and midcap stocks did. I like buying the dips on stuff like Taseko.
Copper stocks another leg up I sold some of them yesterday ( ) but made money on a large Capstone position and my III has really taken off to whatever level hard to say. I still like the Copper plays but prefer to buy on pullbacks. Regrets on selling ERO Copper, Hudbay, most of my ARG yesterday they all gapped up this morning. Most of my Silver plays dropped a ton yesterday but recovered a fair bit today. I have zero Gold exposure the rug pull I was afraid of basically occurred. Bought some Aya Silver at the bottom as a trade. Still looking to dump Silvercorp it's been a headache.
Rebalanced today to pick up some Copper exposure and reduced my overdone Silver exposure. In : lots of HBM, more SURG Out : SCZ, ASM, AYA trade Overall really good day +$9.1K despite dropping $1K on three Oil positions that I should have taken profits on on the gap up. That $1K unrealized loss was a $1K gain first thing.