Minera, Rio Alto Mining Seen as Junior Mining Stocks To Watch: report
Aanalyst Ryan Walker of Wellington West Capital Markets has reportedly picked through the morass of the TSX and the TSX Venture Exchange and highlighted six names that have the potential to emerge as the next generation of producers, as well as takeover targets for the seniors.
Each one has already identified a large deposit, has growth potential through exploration, and could make the difficult transition to production, Walker is cited as saying by the Financial Post. They are also working in politically stable jurisdictions, he reportedly added.
The name that sticks out to Walker is Minera IRL Ltd. (IRL.TO), a junior looking to produce 200,000 ounces a year in Peru and Argentina. Close behind is Rio Alto Mining Ltd. (RIO.V), which is also focused on Peru.
The other four names in his watchlist are Auryx Gold Corp. (AYX.TO), Belo Sun Mining Corp. (BSX.V), Klondex Mines Ltd. (KDX.TO), and Spanish Mountain Gold Ltd. (SPA.V).
Read more: http://business.financialpost.com/2010/10/25/picking-junior-gold-winners/#ixzz13ORYHekH
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.