4 Hot Mining Penny Stocks to Watch in August 2021
Mining penny stocks have become some of the hottest stocks to watch this year. With the pandemic still raging, many investors are looking for safer options when compared to traditional penny stocks. And while small-caps in the mining sector do come with inevitable risk, it can be much lower than other industries. When it comes to mining stocks, however, there are a few things that investors should look for.
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For one, consider what the company mines for, and what the outlook on that material is. If it is gold or precious metals, prices may move one way. If the company mines materials used in battery production or other raw goods, prices may move in another way. So, know what you’re getting into, and understand short and long-term price action. But, considering the current trajectory of Covid, mining penny stocks continue to present an interesting investment opportunity. With that in mind, here are four for your August watchlist.
4 Mining Penny Stocks to Watch in August
- New Gold Inc. (NYSE: NGD)
- Harmony Gold Mining Company Ltd. (NYSE: HMY)
- American Battery Metals Corp. (OTC: ABML)
- Yamana Gold Inc. (NYSE: AUY)
New Gold Inc. (NYSE: NGD)
New Gold Inc. is a mining penny stock that operates and develops mineral properties. The company searches for silver and copper deposits in addition to gold. New Gold owns a 100% interest in the Rainy River gold and silver mine in Canada, New Afton gold and copper mine in Canada, the Blackwater gold-silver project in Canada, and the Cerro San Pedro gold-silver mine in Mexico. All of these mines allow it to have quite a broad market reach across the mining industry. Only a few weeks ago, New Gold released its second-quarter operational results for 2021.
“Our operations continued to advance their primary objectives during the quarter. Rainy River had another solid operational quarter and is positioned to have a stronger second half of production. As we start the third quarter, the mine has now successfully transitioned from focusing on stripping, and we are now seeing a marked improvement in grades through the first half of July.”
President and CEO of New Gold Inc., Renaud Adams
This is an exciting update from the company and one that could continue to play out in its pricing in the near future. But, with Covid cases making a comeback, we could see investors soon retreat back to gold and precious metals penny stocks. Considering this, will NGD be on your list of penny stocks to watch?
Harmony Gold Mining Company Limited (NYSE: HMY)
Harmony Gold Mining Company Limited is a penny stock that has been seeing some solid momentum alongside the rest of the mining industry. This company explores, extracts, and processes gold in multiple locations. Its operations are all based in South Africa and Papua New Guinea.
In addition to gold, Harmony searches for silver, copper, and uranium as well. This is one aspect of HMY that investors tend to like. While many mining companies focus on one or two resources, Harmony Gold has several under its belt. For this reason, HMY stock offers exposure to a few unique industries.
On July 7th, Harmony Gold announced that its annual gold production for fiscal 2021 met its guidance. The company is confident in its ability to deliver long-term positive shareholder and stakeholder returns. Harmony stated that it produced between 1.5 million and 1.55 million ounces of gold for this period of time. This is the latest update that has come from Harmony Gold Company Limited. On July 26th, HMY stock price increased more than 3% in the market. With its guidance looking good, will you add HMY to your penny stock watchlist?
American Battery Metals Corporation (OTC: ABML)
American Battery Metals Corporation is a mining penny stock that is performing well this year alongside EV penny stocks, and others that benefit from increased battery demand. The company explores mines, extracts, and recycles battery materials around the world. It actively owns 647 placer mining claims on 12,940 acres of land. In addition to this, it holds claim to a 120-acre parcel of private property with water rights in the Western Nevada basin in Nye County, Nevada.
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On July 8th, American Battery Metals provided an update on its pilot plant. The company anticipates a final permit application before starting construction to be submitted soon. Its mass grading permit has been approved for the property. The pilot plant is one of the largest catalysts for investing in ABML stock right now. For this reason, many investors continue to pay attention to any updates regarding it.
The CEO of the company Doug Cole said, “Progress continues on our Lithium-Ion Battery Recycling Pilot Plant with the approval of our mass grading permit. The final step prior to site construction work is the submission and approval of the core/shell building permit. We believe we will be prepared to submit the core/shell building permit next week.” Considering this big update, will ABML stock be on your watchlist this week?
Yamana Gold Inc. (NYSE: AUY)
Yamana Gold Inc. is another mining penny stock that mines ores across Canada, Chile, Argentina, and Brazil. The company explores for and produces gold and silver. Currently, Yamana has an interest in the Cerro Moro mine, Malartic mine, Minera Florida mine, Jacobina mine, and more.
On June 29th, Yamana Gold announced the release date of its second-quarter operational and financial results. The results will be released after the market closes on July 29th, 2021. In addition to this, the company will provide an update on the Phase 2 expansion of its Jacobina mine, and an update on the construction of its Odyssey underground project. So, if you’re considering an investment in AUY stock, this upcoming update is important to keep in mind.
Updates like these are always highly anticipated by investors as they allow for new insight into a company’s business model and its potential future. Because this report is only a few days away, AUY stock is showing mostly sideways trading right now. This is common ahead of any data release and is something that could be expected until the information is put out. But, with this exciting announcement on the horizon, AUY stock could be worth keeping an eye on.
Which Mining Penny Stocks Are Right For You?
Finding the best mining penny stocks is all about understanding where to look. With so many to choose from, picking just a few for your watchlist can seem challenging. However, using the data that is widely available online can mean the difference between profits and losses.
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So, if you’re thinking about investing in penny stocks, remember to consider all the basics for your strategy. With that in mind, which penny stocks in the mining sector are right for you?
