Throughout 2021, mining stocks have been quite volatile in the market. Nobody expected the pandemic that happened last year, and certainly, nobody expected the economic damage that it caused. As COVID lockdowns continue in many places, mining stocks are still in a place of uncertainty right now. Things started looking up as many places in the world began reopening. Then, the Delta variant of COVID-19 arrived and shook things up once again.
There are also many fears of inflation in the market at the moment. Nobody truly knows how this could impact the price of mining stocks in the future. The price of precious metals like gold and silver goes up when the economy is down. This is due to people holding metals as a physical asset when the dollar is lacking for a sense of safety.
The current market can be very confusing with the constant changes and amount of volatility. It can get confusing when deciding what companies to put on your list of mining stocks to watch. Rest assured, there are many great mining stocks to watch if you do the proper research. That includes looking into financials, staying up to date on sector news, and world news as well. Let’s take a look at three mining stocks that have potential in the market this month.Top Mining Stocks To Watch
- First Majestic Silver Corp. (NYSE: AG)
- Pan American Silver Corp. (NASDAQ: PAAS)
- Rio Tinto Group (NYSE: RIO)
First Majestic Silver Corp. is a mining company that primarily acquires, develops, and produces the precious metal that is silver. The company actively holds a 100% interest in the San Dimas Silver and Gold Mine, La Encantada Mine, and holds some interest in the Springpole project.
On August 16th, the company released its second quarter results for 2021. Its revenue reached a new company record of $154.1 million during the quarter. Its average realized silver price per ounce went up 1% compared to the first quarter of this year.
President and CEO Keith Neumeyer said, “Improved production rates and higher metal prices during the quarter generated record revenues for the business. As a result of the higher revenues, our quarterly dividend increased by approximately 33% when compared to the prior quarterly payment.” Keeping this new info in mind, will AG make your list of mining stocks to watch in 2021?Pan American Silver Corp. (NASDAQ: PAAS)
Pan American Silver Corp. is a mining company that primarily explores, develops, extracts, processes, refines, and reclaims silver mines. It also produces and sells gold, zinc, lead, copper, and more. Currently, Pan American has interest in La Colorada, Dolores, Huaron, Morocoha, and many more mines across the world.
On August 10th, the company reported its second quarter results for 2021. VP of Business Development and Geology Christopher Emerson said, “Despite the restrictions the COVID-19 pandemic placed on our 2020 exploration program, excellent results were achieved at many of our operations. At La Arena, we replaced 141% of the ounces mined, extending mine life by another year.” Now that you know this new information, will PAAS enter your mining stock watchlist?Rio Tinto Group (NYSE: RIO)
Rio Tinto Group is a mining corporation that explores for, mines, and processes various mineral resources. The company’s main products are aluminum, silver, molybdenum, copper, diamonds, gold, borates, titanium, salt, iron ore, and uranium. Rio does aluminum smelting, and many types of mining.
On August 18th, Rio Tinto partnered with the Western Australian Government to launch a COVID-19 vaccination blitz. Rio Tinto’s Chief Executive Simon Trott said, “We are pleased to work in partnership with the WA Government on this industry-first vaccination blitz, which we expect will help boost vaccination rates in the Pilbara.”
Rio’s COVID-19 screening facilities at Perth Airport will be modified to include vaccination hubs for workers returning to the region. With this new info in mind, will RIO stock make your watchlist in 2021?Mining Stocks To Buy This Year?
It can be difficult when deciding which mining stocks to keep your eyes on in 2021. Look at the latest developments when it comes to sector news, world news, and company news to stay in the loop. As the world continues in a direction of getting rid of this pandemic, staying up to date can very much help when investing. So which mining stocks will make your watchlist in August?