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Nasdaq Commodities

Tavi Costa: Gold to Go Much Higher, Mining Industry Will "Massively Outperform"

Nasdaq Commodities
2 years 4 months ago
Tavi Costa, partner and portfolio manager at Crescat Capital, shared his thoughts on gold's recent price activity, outlining why he thinks the yellow metal will lead other commodities higher. He told the Investing News Network that silver and copper are set to benefit from its rise. "To me gold is sort of the first thing to really move, and the first box to check in terms of a secular market. But where you're really going to likely get those big returns is going to be on things that tend to move with gold. And as we see gold move, usually you tend to see other metals really leading the way to the upside," Costa explained. He also addressed the disconnect between the gold price and gold stocks. While some companies have seen gains, many haven't performed as well as investors would hope in today's environment of high prices. "I think that the mining industry is so close to one of those big moves up that we tend to see in the industry — 300, 400 percent moves in the short term," Costa said, pointing to capitulation among frustrated investors. The loss of faith reminds him of the 1970s, when there was a perception that the sector would never come back. "Unless I'm wrong and it's different this time, the industry always comes back," he said. "I'm a believer of that."Costa sees opportunities to jump in, and expects the mining industry to "massively outperform" the gold price. "Usually the conventional wisdom is wrong, and I've never seen an industry that is more hated than the gold space," he said during the conversation. "I don't know of a single industry that is more hated than the gold miners ... they are the most hated industry in the whole market, and I think that's a huge opportunity." In closing, Costa encouraged investors to get their portfolios positioned before companies take off. "It's time to get busy and not be concerned about why are miners not moving vs. gold," he said. Watch the interview above for more of his thoughts on gold and the resource sector. Don't forget to follow us @INN_Resource for real-time updates!Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
Investing News Network

Top 5 ASX Dividend Stocks in 2024

Nasdaq Commodities
2 years 4 months ago
Even in times of economic uncertainty, Australia’s economy has remained resilient given its prime location in close proximity to Asia, as well as its abundant wealth of mineral resources.Heading into 2024, the International Monetary Fund sees that trend continuing, even though it projects that Australia's economic growth may slow this year to 1.25 percent from the 1.5 percent growth it experienced in the year prior. Currently, Australia is the world’s 13th largest economy with a GDP of around US$1.693 trillion.Investors interested in earning passive income while growing their holdings may want to consider ASX dividend stocks.“Australian stocks have some of the highest dividend yields in the world,” according to Global X ETFs. “Why do Aussies love dividends so much? And why are our yields so high? It’s partly due to franking credits, an Australian tax peculiarity which allows dividends to be excluded from taxable income.”Dividend stocks reward investors with regular payouts, allowing them to share in company revenues. Although they tend to offer stability, as with most investments, dividend stocks are not without risk.Investors can mitigate risk by choosing long-term dividend stocks called "dividend aristocrats," which often offer the best value. Their reputation for delivering healthy returns and consistent dividend payments gives them a safer investment profile over the rest of the dividend stocks on the market. Companies that can consistently pay out dividends to shareholders are often the same companies that continue pumping out profits, even with increasing market volatility. Stake’s list of the top 10 long-term dividend stocks on the ASX mainly features companies in the resource sector, particularly iron ore, coal and oil and gas. Other prominent sectors include banking, retail and insurance. Here the Investing News Network offers investors a list of the five top ASX dividend stocks on Stake’s list based on dividend yield. Investors consider dividend yield a key metric for appraising a stock’s value. The ASX stocks on the list below have strong dividend yields of greater than 7 percent, with data current as of May 2, 2024. 1. Yancoal Australia (ASX:YAL) {"@context":"http://schema.org","@type":"Corporation","name":"Yancoal Australia ","url":"https://investingnews.com/stocks/asx-yal/yancoal-australia/","description":"Yancoal Australia Ltd is involved in identifying, developing, and operating coal-related projects in Australia.","tickerSymbol":"ASX:YAL","sameAs":[],"image":"https://investingnews.com/media-library/image.jpg?id=52179664&width=980","logo":"https://investingnews.com/media-library/image.jpg?id=52179664&width=210"} Company Profile Market cap: AU$6.91 billion; dividend yield: 13.26 percentAs Australia’s largest pure-play coal producer, Yancoal Australia operates five mines and manages five other projects across the states of New South Wales, Queensland and Western Australia. The company is coming off a strong year in 2023 with a 19 percent increase in its run-of-mine coal production amounting to annual revenues of AU$7.8 billion.Yancoal pays out dividends to shareholders twice a year, with a total of AU$918 million in dividend payments for 2023. The company’s latest dividend was paid on April 30, 2024, at AU$0.32 per share. Buy now , 2. New Hope (ASX:NHC) {"@context":"http://schema.org","@type":"Corporation","name":"New Home","url":"https://investingnews.com/stocks/asx-nhc/new-home/","description":"The New Home Co Inc is a home builder that focuses on the design, construction, and sale of homes. The company operates in two segments, Homebuilding and Fee Building.","tickerSymbol":"ASX:NHC","sameAs":[],"image":"https://investingnews.com/media-library/image.jpg?id=52179668&width=980","logo":"https://investingnews.com/media-library/image.jpg?id=52179668&width=210"} Company Profile Market cap: AU$3.93 billion; dividend yield: 10.97 percentASX-listed dividend stock New Hope is involved in all stages of the coal industry, from exploration and development to production and processing. The company owns interests in two open-cut coal mines in Queensland and New South Wales, and is also involved in the agriculture and oil and gas sectors.Russia’s war in Ukraine has pushed many European nations to turn the dial up on coal usage to meet rising energy needs. This has translated into greater revenues for New Hope as coal prices rise.In its 2023 financial report, the company highlights that net cash from operating activities came to AU$1,524,800 for the period, up 34 percent from the previous year. “Exceptional performance across the business throughout FY23 enabled our team to capitalise on the market conditions, finishing the year with $730.7 million cash at bank, no debt following the convertible note repurchase and a net asset position of $2,525.3 million,” said New Hope CEO Rob Bishop. “This outstanding result has enabled the Company to reward shareholders with a final fully franked dividend of 21 cents per ordinary share, and a special fully franked dividend of 9 cents per ordinary share.New Hope paid out a dividend of AU$0.17 per share on April 30, 2024. Buy now , 3. Fortescue (ASX:FMG) {"@context":"http://schema.org","@type":"Corporation","name":"Fortescue Ord","url":"https://investingnews.com/stocks/asx-fmg/fortescue-ord/","description":"Todd River Resources Ltd is an Australian-based resources company that holds a prospective base metals and gold exploration portfolio in the Northern Territory.","tickerSymbol":"ASX:FMG","sameAs":[],"image":"https://investingnews.com/media-library/image.jpg?id=52179718&width=980","logo":"https://investingnews.com/media-library/image.jpg?id=52179718&width=210"} Company Profile Market cap: AU$79.12 billion; dividend yield: 8.09 percentWestern Australia’s Fortescue is one of the world's biggest iron ore producers. The mining giant has multiple operations in the Pilbara region and its products are sold globally, but mainly to China.Chairman Andrew Forrest has committed the company to reaching zero carbon emissions by 2030. As part of this green initiative, in early 2022 the company bought Williams Advanced Engineering and announced the world’s first zero-emissions infinity train, which will be able to use electric power to bring ore to port. More recently, the company partnered with phosphate-based fertiliser firm OCP Group to supply green hydrogen, ammonia and fertilisers to Morocco, Europe and international markets.Fortescue's dividend payments are made to shareholders twice a year. Its most recent dividend was paid out on March 27, 2024, at AU$1.08 per share. Buy now , 4. Helia Group (ASX:HLI) {"@context":"http://schema.org","@type":"Corporation","name":"Helia Group","url":"https://investingnews.com/stocks/asx-hli/helia-group/","description":"Helia Group Ltd is a Lenders Mortgage Insurance (LMI) provider. It provides new opportunities for home buyers and home owners.","tickerSymbol":"ASX:HLI","sameAs":[],"image":"https://investingnews.com/media-library/image.jpg?id=52179753&width=980","logo":"https://investingnews.com/media-library/image.jpg?id=52179753&width=210"} Company Profile Market cap: AU$1.15 billion; dividend yield: 7.42 percentHelia Group provides lenders mortgage insurance (LMI) in Australia for residential mortgages, with a focus on high loan-to-value ratio residential mortgage loans. In September 2023, Helia entered a partnership with Great Southern Bank to become an exclusive partner for LMI solutions for the bank’s mortgage customers.In 2023, the company’s insurance revenue came to AU$427.3 million, while its capital return to investors totalled AU$342.9 million. “We have a very strong capital position and continue to return surplus capital, enhancing returns to shareholders,” noted Pauline Blight-Johnston, CEO and managing director of Helia, in the company’s annual report.Helia’s shareholders enjoyed a AU$0.45 per share dividend payout on March 22, 2024. Buy now , 5. Woodside Energy Group (ASX:WDS) {"@context":"http://schema.org","@type":"Corporation","name":"Woodside Energy Group","url":"https://investingnews.com/stocks/asx-wds/woodside-energy-group/","description":"Incorporated in 1954 and named after the small Victorian town of Woodside, Woodside's early exploration focus moved from Victoria's Gippsland Basin to Western Australia's Carnarvon Basin.","tickerSymbol":"ASX:WDS","sameAs":[],"image":"https://investingnews.com/media-library/image.jpg?id=51364330&width=980","logo":"https://investingnews.com/media-library/image.jpg?id=51364330&width=210"} Company Profile Market cap: AU$57.91 billion; dividend yield: 7.08 percentWoodside Energy Group is focused on oil and gas, as well as what it calls new energy. Its operating assets are located in Australia and internationally, including the Gulf of Mexico and Senegal, as well as Trinidad and Tobago. The company’s Q1 production totalled 44.9 million barrels of oil equivalent (boe). “Significant progress was made in the period on our three major growth projects,” said CEO Meg O’Neill. “Commissioning activities are now underway at the Sangomar project in Senegal, on track for first oil in the middle of this year. Nineteen of the 23 production wells at Sangomar have now been completed.” Guidance for the full year is set at 185 million boe to 195 million boe. Woodside Energy issues dividends with its full-year and half-year results. Its latest payout to shareholders came in at US$0.60 (about AU$0.92) per share on April 4, 2024. Buy now , Don't forget to follow us @INN_Australia for real-time updates!Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.
Investing News Network

How to Invest in Battery Metals (Updated 2024)

Nasdaq Commodities
2 years 4 months ago
As the world begins to shift away from carbon-based energy and toward renewable energy, new investment opportunities are emerging alongside advancements in electric vehicle (EV) battery technology.In the short term, EV sales are experiencing slow growth as adoption in major markets faces hurdles. “The pace of growth is slowing, but that’s what’s expected in growing markets like this,” said Rho Motion’s data manager, Charles Lester, in the firm's 2024 EV sales outlook, emphasizing that the change in pace is normal. Looking forward, BloombergNEF sees positive catalysts on the horizon for the industry, including battery technologies that offer faster charging and longer ranges, as well as increasing access to public charging stations. Aleksandra O’Donovan, BloombergNEF’s head of EVs, said the firm expects that “(a)ll of those trends will continue paving the way for further growth in 2025 and 2026, when a slew of cheaper models is set to hit Western markets.”Against that backdrop, many market watchers are interested in the battery metals that are making the energy transition possible. While lithium and cobalt are the best-known battery materials, graphite, vanadium and manganese are also key materials for this sector. Read on for a quick intro guide on the popular battery metals, and check out our in-depth guides for stock options. How to invest in lithium? Lithium has skyrocketed in investor interest in recent years due to its role in lithium-ion batteries, which are used in electronic devices such as cell phones, laptops and, of course, EVs. In fact, the EV sector has been a major demand driver for the silver-white metal. Automakers are expected to continue to look for ways to lock down long-term supply of lithium and other important materials used in EV batteries, while investment in the sector continues to be key to ensure global output can keep up with expected demand.For those interested in investing in the sector, it's best to do some research to help you understand different terms and prices. Lithium pricing can be confusing due to the different types of lithium, predominantly lithium carbonate and hydroxide, as well as differences in pricing on international exchanges. Today, Australia, Chile and China are the top three regions for lithium production. Dominant companies in the lithium space include powerhouses Sociedad Química y Minera (NYSE:SQM), better known as SQM, and Albemarle (NYSE:ALB). In addition, a number of lithium exploration companies have stepped up to meet forecast demand in recent years. With lagging EV demand creating a lower price environment for lithium, experts are expecting to see increased M&A activity in the sector given the strength of the battery metal's long-term outlook.Click here to read more about lithium investing and lithium stocks. How to invest in cobalt? Cobalt, which is mostly mined as a copper and nickel by-product, also plays an important role in lithium-ion batteries. In addition to batteries, this hard, silver-gray metal is used in alloys for jet engines and turbines, along with magnetic steels.The biggest contributor to cobalt supply is the Democratic Republic of Congo (DRC), which holds more than half of all global cobalt reserves. In 2023, the DRC produced 170,000 metric tons (MT) of cobalt, with Indonesia following at a very distant second with 17,000 MT; Russia and Australia took the third and fourth spots, respectively.While cobalt prices are no longer at the all-time highs they reached in March 2018, experts agree that demand remains strong. Indeed, it's possible that lower cobalt prices will lead EV makers to favor nickel-cobalt-manganese (NCM) battery chemistries, which may improve demand and prices. However, challenges related to the security of the metal’s supply chain and a lack of investment in cobalt production continue to be key concerns in the space.Click here to read more about cobalt investing and cobalt stocks. How to invest in graphite? A native element mineral that’s the most stable form of carbon, graphite is known to be a dry lubricant. As the only non-metal element that’s a good conductor of electricity, it can be used in lithium-ion batteries, as well as in nuclear reactors and the refractory and steel industries.Much like other battery raw materials, graphite prices can be finicky to find since it’s not traded on an exchange. In general, prices came under pressure in 2023 due to excess supply, and producers outside China had to make production cuts to deal with this environment. This dynamic is anticipated to continue throughout 2024.In the long term, graphite demand is expected to become more dominated by the battery sector, although it’s worth noting that not all types of graphite can be used in this industry. Investors might also want to understand the differences between synthetic and natural graphite, and the influence this has on the overall graphite market.Click here to read more about graphite investing and graphite stocks. How to invest in vanadium? Vanadium is increasingly being used in vanadium redox flow batteries, which are an important technology for renewable energy storage. However, the vast majority of this silvery-gray transition metal is used as a steel additive.While the large size of vanadium redox batteries makes them a better fit for industrial use, they come with the perk of not degrading for at least 20 years. Click here, here and here to read our three part series on vanadium mining and the potential for vanadium redox flow batteries in energy storage.Vanadium is predominantly mined as a by-product of other metals and is found in deposits of siltstone, uraniferous sandstone, phosphate rock and titaniferous magnetite. It can also be found in bauxite, coal and crude oil. In 2023, China took the top spot as the world’s biggest vanadium producer at 68,000 MT, with Russia and South Africa coming in second and third at production rates of 20,000 MT and 9,100 MT, respectively.China is also a major drive of vanadium demand for not only its steel manufacturing industry, but also its focus on expanding its vanadium redox flow battery installed capacity. “Investors should keep an eye on the continued announcements of VRFB capacity in China and the rest of the world as part of the global push to support the rollout of renewable energy capacity to help meet net-zero targets,” Project Blue told the Investing News Network. Click here to read more about vanadium investing and vanadium stocks. How to invest in manganese? Manganese contributes to certain lithium-ion battery chemistries, such as NCM, lithium-manganese oxide (LMO), high-purity manganese sulfate (HPMSM) and lithium-manganese-iron phosphate (LMFP). Overall, the US Geological Survey states that around 85 to 90 percent of global manganese output is used for the production of steel and cast iron.A brittle, hard, gray-white metal, manganese has a similar appearance to iron and can be used in the production of various items, including dry cell batteries, aluminum cans and even fungicides and pesticides."Growing adoption of LMFP, coupled with other lithium-ion battery chemistries that employ HPMSM and other high-purity manganese salts could significantly increase manganese demand in the second half of the decade," says Fastmarkets.Click here to read more about manganese investing and manganese stocks. This is an updated version of an article first published by the Investing News Network in 2018.Don’t forget to follow us @INN_Resource for real-time news updates!Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.
Investing News Network

Rare Earth Metals: Heavy vs. Light (Updated 2024)

Nasdaq Commodities
2 years 4 months ago
The 17 elements that make up the group of rare earth metals are diverse in their applications and market dynamics. They are often broken up into two categories according to their atomic weight: light and heavy. Only scandium falls outside this categorization system.Overall, the different rare earth metals play a huge role in the development of various technologies. They are often used in electronics like laptops and smartphones, as well as spacecraft and missile weaponry. Growing demand for batteries and green technology is adding to their importance and versatility as well. What are light rare earth metals? All but two rare earth metals — scandium and yttrium — are part of a chemical group called lanthanides, and light rare earths are the lanthanides with the lowest atomic numbers. The light rare earths are cerium, lanthanum, praseodymium, neodymium, promethium, europium, gadolinium and samarium.Of the light rare earth metals, neodymium is considered one of the most critical. It is used in everything from mobile phones and electric cars to medical equipment. Neodymium is also the main light rare earth used in the creation of permanent magnets, which are heavily used in data storage systems and wind turbines.Praseodymium is another significant light rare earth metal. It is used in alloys with magnesium to form aircraft engines, and it also finds use in the film industry for studio lighting and other projects. Like many rare earth metals, praseodymium plays a role in creating permanent magnets. What are heavy rare earth metals?   Heavy rare earth metals are defined by their higher atomic weights relative to light rare earths. They are less common, and some elements within the group are facing shortages as demand outpaces supply. That typically makes them more valuable than light rare earths, though they also have smaller markets. The full list of heavy rare earths is dysprosium, yttrium, terbium, holmium, erbium, thulium, ytterbium, yttrium and lutetium.Dysprosium, yttrium and terbium are considered critical in the heavy rare earth metals group as they face low supply and increasing importance in the development of clean energy technologies. Like the light rare earths, heavy rare earths also play a key role in other technology, including hybrid cars, fiber optics and medical devices.Dysprosium is used in tandem with neodymium in magnets that are vital to modern tech and renewable energy. In addition, dysprosium oxide is used in nuclear reactors to help cool fuel rods to keep reactions under control.Terbium is used in TV screens and solid-state hard drives for data storage. Solid-state drives are heavily favored over conventional hard drives as they are faster and more reliable than conventional hard drives, and these drives are now the default storage format for many laptops and personal electronics. For its part, yttrium has a variety of applications. It is used in TV screens, as an alloying agent and in the polymerization of ethylene. What else should investors know about heavy and light rare earths? China's influence remains strong...The light and heavy rare earths markets are both dominated by China. In 2023, China produced the most rare earth metals globally at 240,000 metric tons (MT). This level of control by Chinese suppliers has made it extremely difficult for other producers to viably mine and sell rare earths. High production, low labor costs and relaxed environmental regulations have all allowed China to control the pricing and market viability of rare earth metals. That said, Chinese producers must adhere to a quota system for rare earths production, which is a response to China’s longstanding problems with illegal rare earths mining. This system actually led China to become the world’s top importer of rare earths in 2018. In 2023, China issued three rounds of rare earth output quotas for a record total of 255,000 MT — an increase of 21.4 percent over the previous year, according to Reuters. For 2024, analysts expect a slower rate of increase for China’s rare earth quotas of between 10 and 15 percent. The Chinese government issued its first quotas for 2024 in February, set at 135,000 MT for rare earths mining and 127,000 MT for smelting.The second largest rare earths producer was the US with only 43,000 MT. Rare earths supply in the US currently comes only from the Mountain Pass mine in California. Owned by MP Materials (NYSE:MP), the mine is the largest producer of rare earths in the western hemisphere, with a focus on high-purity separated neodymium and praseodymium oxide; a heavy rare earths concentrate; and lanthanum and cerium oxides and carbonates.... but investment opportunities existInvesting in rare earth metals is a challenge due to China’s dominance. That said, global demand for rare earths is expected to rise as the clean energy, electric vehicle and consumer electronics industries gain importance.Even as regulations and demand create a more favorable environment for rare earths, investors should be specific about their research into the metals — treating the rare earths category as a single group or even as lights and heavies does not provide enough context about an element’s investment potential. Click here to learn more about the investment landscape for rare earth metals, including information on where to find prices and which companies are operating in the space. This is an updated version of an article originally published by the Investing News Network in 2011.Don’t forget to follow us @INN_Resource for real-time news updates!Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.
Investing News Network

Natural Gas Price Forecast: Eyes on 2.46 Target

Nasdaq Commodities
2 years 4 months ago
FXEmpire.com - Natural gas reached a new trend high of 2.42 on Wednesday as the bull trend persists. It is rapidly approaching the next higher target of 2.46. That is where the 200-Day MA and 50% retracement resides. The 200-Day line is a significant trend indicator, and this is
FX Empire

SBSW Crosses Above Key Moving Average Level

Nasdaq Commodities
2 years 4 months ago
In trading on Wednesday, shares of Sibanye Stillwater Ltd (Symbol: SBSW) crossed above their 200 day moving average of $5.25, changing hands as high as $5.49 per share. Sibanye Stillwater Ltd shares are currently trading up about 7.2% on the day. The chart below shows the one
BNK Invest

Gold and Silver Prices Gain on Cooling US CPI Data

Nasdaq Commodities
2 years 4 months ago
The US Bureau of Labor Statistics released its latest consumer price index (CPI) figures on Wednesday (May 15), showing that inflation cooled slightly in April, recording a year-over-year increase of 3.4 percent.That's down from March's 3.5 percent level and slightly closer to the US Federal Reserve's 2 percent target. On a monthly basis, inflation came in at 0.3 percent after stalling at 0.4 percent for the two previous months.At the start of the year, analysts believed inflation was cooling fast enough for the Fed to start making cuts as early as May; however, stagnating numbers later pushed their expectations to June and eventually to H2. Market watchers are now looking to September for the American central bank to make its first cut.At an event in Amsterdam on Tuesday (May 14), Fed Chair Jerome Powell said it's unlikely that more interest rate hikes are in the cards, although the central bank could leave them where they are. “I expect that inflation will move back down … on a monthly basis to levels that were more like the lower readings that we were having last year," he noted. Powell declined to comment on when rate cuts can be expected. CPI is a factor the Fed considers when making rate decisions, but other indicators will provide the Federal Open Market Committee with a deeper understanding of the state of the economy ahead of its next meeting on June 11 and 12.On the back of the CPI release, the gold price rose more than 1 percent in morning trading and inched closer to the US$2,400 per ounce mark, peaking at US$2,389.87 on Wednesday afternoon. The silver price also moved higher, gaining more than 3 percent to reach a high of US$29.72 during that same timeframe. The S&P 500 (INDEXSP:.INX), Nasdaq Composite (INDEXNASDAQ:.IXIC) and Dow Jones Industrial Average (INDEXDJX:.DJI) all reacted positively to the CPI news, seeing gains in the 1 percent range. Don't forget to follow us @INN_Resource for real-time updates!Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.
Investing News Network

Anglo American Plans De Beers Sale After Rejecting BHP Offer

Nasdaq Commodities
2 years 4 months ago
Anglo American (LSE:AAL,OTCQX:AAUKF) announced plans to divest its De Beers diamond business as it moves to restructure in the face of a takeover bid from rival miner BHP (ASX:BHP,LSE:BHP,NYSE:BHP).In a Tuesday (May 14) press release, the company said it wants to streamline its operations and focus on high-demand sectors such as copper, iron ore and crop nutrients, creating what it believes is a "future-enabling portfolio." The move comes after Anglo’s rejection of BHP’s US$38.8 billion bid in late April. If it had gone through, it would have been one of the resource industry's largest mergers and would have produced the world’s leading copper producer.“We expect that a radically simpler business will deliver sustainable incremental value creation through a step change in operational performance and cost reduction,” said Anglo CEO Duncan Wanblad.Anglo hopes that by streamlining its portfolio it will be able to position itself favorably in the rapidly evolving mining sector, particularly as demand for materials critical to renewable energy and electric vehicles continues to rise.The restructuring would also involve the demerger of Anglo American Platinum (OTC Pink:AGPPF,JSE:AMS), and the divestment of the company's steelmaking coal business. Anglo will explore options for its nickel operations. Anglo plans to reduce its investment in its Woodsmith potash mine in North Yorkshire, England, as well.A hurdle for the offloading of De Beers is the Botswana government's 15 percent stake in the business. In a media call, Wanblad expressed support for the growth strategy Anglo has developed for De Beers, but said the company thinks it is "better executed by different owners and in a different structure."Anglo American acquired De Beers in 2011, buying the Oppenheimer family's 40 percent stake for US$5.1 billion. Like other luxury goods, diamonds have experienced a decline in global demand. De Beers, which both mines diamonds and produces synthetic gems through its Lightbox Jewellery unit, has responded by limiting supply and offering flexibility to contracted customers. In February, Anglo announced a US$1.6 billion impairment charge on the division.Reuters notes that a London listing for De Beers could be advantageous for the sluggish UK stock market, which has attracted only 2 percent of European initial public offering volumes this year.Don't forget to follow us @INN_Resource for real-time updates!Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Investing News Network

5 Silver Stocks that Pay Dividends (Updated 2024)

Nasdaq Commodities
2 years 4 months ago
Silver is a notoriously volatile metal capable of wide price swings in either direction. However, the metal is also seen by many as a safe-haven investment and a hedge against inflation. While investing in silver bullion is one popular method for gaining exposure, silver-mining companies offer another route.Silver-mining companies with strong balance sheets and experienced management teams are able to capitalize on high silver prices and weather the storm of low silver prices. Some of the most profitable silver-mining companies are even able to offer investors dividends, which may be appealing for those who are in it for the long haul. Dividends are especially attractive in the often-unstable mining sector because they give investors a degree of security — if a company pays a dividend, it generally feels that it has the cash to do so, and believes it will have the ongoing profits it needs to keep those payments coming.Here’s a brief overview of five silver stocks that pay a dividend. Companies are listed in alphabetical order, and all data included was current as of April 26, 2024. 1. Pan American Silver (TSX:PAAS,NASDAQ:PAAS) {"@context":"https://schema.org","@type":"Corporation","name":"Pan American Silver Corp.","url":"https://www.panamericansilver.com","description":"Pan American Silver Corp is a mining company focused exclusively on the exploration and development of silver mines. It produced roughly 22 million ounces of silver in 2011. The company operates primarily in Central and South America. It also sells the byproducts from its silver mining operations, including zinc, lead, copper, and gold. Pan American Silver is based in British Columbia.","tickerSymbol":"TSX:PAAS","sameAs":[],"image":"https://investingnews.com/media-library/image.gif?id=29648212&width=980","logo":"https://investingnews.com/media-library/image.gif?id=29648212&width=210"} Company Profile Market cap: C$9.4 4billion, US$6.91 billion; dividend yield: 2.09 percentFounded by Ross Beaty in 1994, Pan American Silver currently operates several mines located in Mexico, Peru, Canada, Bolivia and Argentina. Last year, Pan American Silver completed the successful acquisition of Yamana Gold bringing the latter's four producing Latin American assets into Pan American's portfolio. The company’s 2023 silver production came in at 20.4 million ounces. The highest dividend Pan American has ever paid is US$0.125 per share, and it was able to pay a dividend of that amount a noteworthy nine times in a row between March 18, 2013, and March 13, 2015. The silver stock paid its most recent quarterly dividend on March 15, 2024, at US$0.10 per share. Buy now , 2. Fresnillo (LSE:FRES) {"@context":"https://schema.org","@type":"Corporation","name":"Fresnillo Plc - Ordinary Shares","url":"https://www.fresnilloplc.com","description":"Fresnillo PLC is a silver mining company and the largest gold producer. The group has seven reportable operating segments, which are represented by six producing mines. The Fresnillo and Saucito mines are located in the state of Zacatecas and are some of the world's largest underground silver mines. The Cirnega mine, located in the state of Durango, an underground gold mine. The San Julian mine, located on the border of Durango states, which is an underground silver-gold mine. The Herradura, Soledad-Dipolos, and Noche Buena are all open pit gold mines, located in the state of Sonora. Herradura and Saucito combined account for more than half of group revenue.","tickerSymbol":null,"sameAs":[],"image":"https://investingnews.com/media-library/image.gif?id=30149310&width=980","logo":"https://investingnews.com/media-library/image.gif?id=30149310&width=210"} Company Profile Market cap: GBP 4.92 billion; dividend yield: 2.03 percentMajor miner Fresnillo bills itself as the world’s leading primary silver producer. Its precious metals assets include the Fresnillo mine, which is the largest primary silver mine in the world, as well as a portfolio of development and exploration prospects. Fresnillo's silver output for the full-year 2023 came to 56.3 million ounces.This silver stock pays two dividends per year, and its dividend policy takes business profitability and underlying earnings growth into account, as well as capital requirements and cash flow. Dividends from the company are paid in pounds sterling unless shareholders elect to be paid in US dollars. Fresnillo paid its 2023 interim dividend of 1.1058 pence, or US$0.014, on September 14, 2023, and it will pay its 2023 final dividend of 3.4059 pence, or US$0.042, on May 29, 2024. Buy now , 3. Wheaton Precious Metals (TSX:WPM,NYSE:WPM) {"@context":"https://schema.org","@type":"Corporation","name":"Wheaton Precious Metals Corp.","url":"https://www.wheatonpm.com","description":"Wheaton Precious Metals Corp is a precious metal streaming company. The company has entered into over 20 long-term purchase agreements with 17 different mining companies, for the purchase of precious metals and cobalt. It has streaming agreements covering approximately 19 operating mines and 9 development stage projects. The company's projects include Vale's Salobo mine and silver streams on Glencore's Antamina mine and Goldcorp's Penasquito mine.","tickerSymbol":"TSX:WPM","sameAs":[],"image":"https://investingnews.com/media-library/image.gif?id=29647911&width=980","logo":"https://investingnews.com/media-library/image.gif?id=29647911&width=210"} Company Profile Market cap: C$33.44 billion, US$24.40 billion; dividend yield: 1.11 percentWheaton Precious Metals, a well-known name in the silver space largely because of its business model — it is the world’s biggest precious metals streaming company. Streaming companies operate differently from miners, making upfront payments to a variety of metals companies in order to gain the right to purchase all or a portion of their metal production at a low, fixed cost.The company currently has streaming agreements in place for 18 operating mines and 2 development-stage projects. It is interested in companies operating in politically stable jurisdictions, and states that its value should rise with the price of silver and gold. As a result, Wheaton sees itself offering investors multiple benefits while reducing many of the downside risks that traditional miners face.Wheaton pays a quarterly dividend, and it reached US$0.15 per share on September 9, 2021, a level that it has maintained since, and surpassed with its latest dividend paid on April 15, 2024. Buy now , 4. Silvercorp Metals (TSX:SVM,NYSE:SVM) {"@context":"https://schema.org","@type":"Corporation","name":"Silvercorp Metals Inc.","url":"https://www.silvercorp.ca","description":"Silvercorp Metals Inc is a mineral mining company. It acquires, explores, develops, and mines precious and base metal mineral properties at its producing mines and exploration and development projects in China. The group produces silver, gold, lead, and zinc.","tickerSymbol":"TSX:SVM","sameAs":[]} Press Releases Company Profile Market cap: C$798.82 million, US$626.35 million; dividend yield: 0.70 percentSilvercorp Metals has multiple silver-mining operations in China, and is focused on acquiring and growing underdeveloped projects with high upside. It's fiscal year 2024 silver equivalent production came in at approximately 6.8 million ounces, down 2 percent from the previous year.Silvercorp offers shareholders a semiannual dividend, which it states is “based on a number of factors including commodity prices, market conditions, financial results, cash flows from operations, expected cash requirements and other relevant factors.” Its most recent dividend was paid on December 15, 2023, at a rate of US$0.0125 per share. Buy now , 5. Hecla Mining (NYSE:HL) {"@context":"https://schema.org","@type":"Corporation","name":"Hecla Mining Company","url":"https://www.hecla-mining.com","description":"Hecla Mining Co produces and explores silver, gold, lead, and zinc. Its main silver mines include Idaho-based Lucky Friday and Greens Creek in Alaska. Hecla acquired 100% of the Greens Creek from Rio Tinto in April 2008, after holding a 29% interest for 20 years. The acquisition doubled the company's silver production. The operating business segments are the Greens Creek unit, the Lucky Friday unit, the Casa Berardi unit, the San Sebastian unit, and the Nevada Operations unit.","tickerSymbol":"NYSE:HL:US","sameAs":[],"image":"https://investingnews.com/media-library/image.gif?id=29647916&width=980","logo":"https://investingnews.com/media-library/image.gif?id=29647916&width=210"} Company Profile Market cap: US$3.15 billion; dividend yield: 0.50 percentLast on this list of silver stocks that pay dividends is Hecla Mining, the largest primary silver producer in the US, as well as an emerging gold producer. It is the oldest precious metals miner in North America and owns operating silver mines in the US and Mexico, as well as a Quebec-based gold mine. The company acquired Klondex Mines in mid-2018, expanding its portfolio with three high-grade gold mines in Nevada. Hecla gained a position in the Keno Hill silver district, which has Canada's highest-grade silver reserves, with the acquisition of Alexco Resource in 2022. The company reported silver production of 14.3 million ounces for 2023.The silver stock pays an annual minimum common stock dividend, distributing it on a quarterly basis. Hecla also pays a silver-price-linked common stock dividend based on the company’s average realized silver price for the preceding quarter. On March 25, 2024, Hecla paid out a quarterly cash dividend of $0.00625 per share of common stock ( $0.00375 per share for the minimum dividend component plus $0.0025 per share for the silver-linked component. A quarterly cash dividend of $0.875 per share of preferred stock, was paid on April 1, 2024. Buy now , FAQs for silver dividend stocks What are dividend stocks? Dividend stocks regularly pay a sum of money to a class of shareholders out of the company's earnings. To qualify for a dividend payout, an investor must have owned the stock on the ex-dividend date. Dividends are often issued as cash payments sent to a shareholder’s brokerage account, but can also be issued as stock or discounts on share purchases. How to invest in dividend stocks? Contact your broker to learn more about how to take advantage of companies offering dividend programs. Some dividend stocks may also offer a dividend reinvestment program, allowing shareholders to automatically buy new shares with their dividends, either commission-free or at a reduced cost. How much do dividend stocks pay? A company's board of directors is responsible for setting a dividend policy and will determine the size of the dividend payout based on the firm's long-term revenue outlook. The size of an individual shareholder's dividend payout depends on the number of shares owned in that company. For example, if an investor owned 1,000 shares of Wheaton Precious Metals, which is currently paying a dividend of US$0.15 per share, they would get US$150 every quarter — or US$600 annually. This is an updated version of an article originally published by the Investing News Network in 2015.Don’t forget to follow us @INN_Resource for real-time news updates!Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.
Investing News Network

Top 10 Tungsten-p​roducing Countries (Updated 2024)

Nasdaq Commodities
2 years 4 months ago
Tungsten has many applications. It's used in electrical wires, as well as in welding, heavy metal alloys, turbine blades and as a lead substitute in bullets.The metal can also be found in heating and electrical contacts.According to the US Geological Survey, global tungsten production came in at 78,000 metric tons (MT) in 2023, down slightly from 2022's 79,800 MT. The vast majority of tungsten mining and processing occurs in China. Looking forward to 2024 and 2025, increased production of the critical metal is seen coming from mines in South Korea, Russia, Spain and the UK.Tungsten’s importance in a wide range of industrial categories, from smartphones to car batteries, means demand is likely to rise. At the same time, supply chain disruptions and increased production costs are weighing on global supply. Tungsten prices have traded upward in recent years, and market dynamics are expected to push the metal higher in 2024 and beyond. The market for tungsten is expected to see total revenue is expected to grow at a CAGR of 8 percent through 2024 to 2030 to reach nearly US$9.51 billion in value.With that in mind, it’s worth being aware of which countries produce the most tungsten. Here’s an overview of the top tungsten-producing countries last year; data is from the US Geological Survey. 1. China Mine production: 63,000 MTChina produced 3,000 MT less tungsten in 2023 as it did in 2022, but remained the world’s largest producer by a wide margin. That said, China’s tungsten production has been falling in recent years — the Asian nation has limited the quantity of tungsten-mining and export licenses it awards, and has imposed quotas on tungsten concentrate production. The country has also recently increased environmental inspections.In addition to being the world’s largest tungsten producer, China is the world’s top consumer of the metal. Aside from that, China has been the main source of tungsten imported into the US since 2017, reportedly representing 27 percent of total American tungsten imports between 2019 and 2022. Tighter tungsten supplies out of China in 2024 may lead to higher prices for the metal despite growing production from ex-China sources. 2. Vietnam Mine production: 3,500 MTVietnam’s tungsten production in 2023 came to 3,500 MT, down by 500 MT from the previous year. Privately owned Masan Resources runs the Vietnam-based Nui Phao mine, which it says is the largest tungsten-producing mine outside China. It is also one of the lowest-cost producers of tungsten in the world. 3. Russia Mine production: 2,000 MTRussia’s tungsten production remained flat in 2023. The war between Russia and Ukraine has hampered Russia's ability to trade and make deliveries of tungsten to the world market as it continues to face sanctions.Russia is a significant supplier of the metal to Europe, and restrictions on the country’s metal imports have increased the continent’s dependency on Chinese imports. At the same time, the war is fuelling tungsten demand given the metal's use in ammunitions. ​4. North Korea Mine production: 1,700 MTNorth Korea's annual tungsten production rose by 180 MT over the previous year to reach 1,700 MT in 2023. The Mannyŏn mine in South Hamgyong province is the country's largest tungsten mine. In fact, tungsten ore is North Korea's top export, worth nearly US$31 million in 2022, with the majority being consumed by China. Tungsten's top spot in North Korea's export market may be due to the fact that it's one of the few metals not listed under UN sanctions on the country's trade. 5. Bolivia Mine production: 1,500 MTBolivia has managed to increase its tungsten production since 2014 as a result of moves to promote the tungsten industry in the country. The South American nation's output increased to 1,500 MT in 2022 from 1,360 MT the previous year.The Bolivian mining industry is heavily influenced by Comibol, a state-owned mining umbrella company. 6. Spain Mine production: 1,500 MTSpain’s tungsten production tied with Bolivia this year, after rising by 87.5 percent over the previous year to1,500 MT in 2023.There are a number of companies engaged in the exploration, development and mining of tungsten assets in Spain. Examples include Almonty Industries (TSX:AII,OTCQX:ALMTF) and EQR Resources (ASX:EQR), which acquired tungsten producer Saloro last year. 7. Rwanda Mine production: 1,400 MTRwanda produced 1,400 MT of tungsten in 2023, on par with 2022's output. Tungsten is one of the most common conflict minerals in the world, meaning that at least some of it is produced in war zones and is sold to perpetuate fighting. While Rwanda has promoted itself as a source of conflict-free minerals, concerns remain about tungsten output from the country. Nevertheless, the country is an important exporter of tungsten, accounting for 31 percent of global tungsten trade in 2022. 8. Austria Mine production: 910 MT Austria was the eight largest producer of tungsten in 2023, putting out 910 MT, on par with the previous year. Much of that production can be attributed to Wolfram’s Mittersill mine, which is located in Salzburg and hosts Europe's largest tungsten deposit. 9. Australia Mine production: 800 MTAustralia's tungsten production increased by 300 percent to overtake Portugal for the ninth spot on this list. The country's 2022 output of the metal came to 200 MT, compared to 800 MT in 2023.Resource companies with Australian-based tungsten projects include Tungsten Mining (ASX:TGN), with key tungsten. rojects such Mt Mulgine, Big Hill and Kilba in Western Australia, Watershed in north east Queensland and Hatches Creek in the Northern Territory; the aforementioned EQR Resources , with its flagship tungsten assets at Mt Carbine in North Queensland; and Group 6 Metals (ASX:G6M), which recently brought the historic Dolphin tungsten mine back into production. 10. Portugal Mine production: 500 MTPortugal is another country on this list that saw its tungsten production remain flat in 2023. It put out 500 MT of the metal, on par with the 500 MT produced in the previous year.The European country has the lowest known tungsten reserves figure out of all the nations on this list, totaling just 4,000 MT. The Panasqueira mine is Portugal’s largest tungsten-producing operation. Don’t forget to follow us @INN_Resource for real-time news updates!Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.
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