I’ve been investing on some physical for some time now, since I believe that this will be the period of commodities and assets. Got myself invested in some physical gold and silver, but right now that I have some little extra that I have right now, and I’m planning on putting a part of it into mining stocks. I’m still adding some physical, but I’ve been looking into some stocks recently that I want to invest in.
I’m planning to invest in Newmont (NEM) because they’re among the biggest so it’s pretty safer and sure to invest in them. When big money returns to this sector, they always begin with the miners in the big indexes. Also thinking of placing some on Freeport-McMoran (FCX) which is a great value stock, with it being one of the bigger players in mining. Their stocks have risen 1.16% in premarket trading.
Also looking into juniors like Lundin Gold (LUG.TO). They own the Fruta Del Norte gold mine, and while there was a slight slowdown in production in 2020, they managed to have a production of 108,799 ounces of gold produced in the second quarter of this year.
Collective Mining (CNL) who recently released results on about their recently discovered a high-grade silver channel sampling that they started drilling a few weeks ago. It is expected that their next results could be a bigger catalyst than their previous discovery. They are showing a lot of potential as the drillings continue. One more good thing about them is that their cash burn is also impressively low.
I feel like mining stocks would be a good option to diversify my assets and investments, but I’m still looking into what to invest on. I want to diversify my portfolio so I really need your thoughts. What stocks are the best to invest in right now?
Submitted October 04, 2021 at 06:04AM by Eloqpolma https://ift.tt/3aaRN6t
