13 Junior Miners on Haywood Securities’ Watch List for Q1 2016

January 22, 2016

This week, Haywood Securities released its Junior Exploration Report for the first quarter of 2016, including its revised watch list of junior miners.

To be sure, times are tough for the junior mining sector, and the firm admits in the report that the enduring mining slump, now well into its fifth year, is taking a toll. Commodities prices have continued to drop, and with concerns over growth in China not helping the case for demand, a “sense of resignation” abounds.

So far in 2016, Haywood notes that the S&P/TSX Global Mining index (INDEXTSI:TXGM) has fallen 17 percent. It’s dropped 38 percent since the firm’s last publication, with larger miners such as BHP Billiton (NYSE:BHP,ASX:BHP,LSE:BLT), Rio Tinto (NYSE:RIO,ASX:RIO,LSE:RIO) and Glencore (LSE:GLEN) hitting multi-year lows.

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Still, Haywood Securities points to a number of companies that are forging ahead despite a difficult market. “[W]e continue to view cashed-up companies with proven management teams and highly prospective projects as potential investment opportunities,” the firm states. Certainly, last quarter’s list featured several junior mining companies that performed well during the period despite weakness in the broader market.

For example, Gold Standard Ventures (TSXV:GSV), which released strong results from its Dark Star project in Nevada, was up 51 percent last quarter, while NGEx Resources (TSX:NGQ), which released an updated preliminary economic assessment for its combined Los Helados and Josemaria projects, was up 21 percent. Plateau Uranium (TSXV:PLU) also saw its share price rise 9 percent.

Not surprisingly, this quarter’s list is once again dominated by gold mining companies, which take up about half of the list. However, there are also four base metals companies and two uranium companies represented.

Here’s a look at 14 junior miners that Haywood Securities will be watching over the coming quarter. Additions to the list for the first quarter of 2016 include Barkerville Gold Mines (TSXV:BGM), Cardinal Resources (ASX:CDV), Falco Resources (TSXV:FPC), Purepoint Uranium (TSXV:PTU), Silvercrest Metals (TSXV:SIL) and Wolfden Resources (TSXV:WLF).

Meanwhile, Calibre Mining (TSXV:CXB), Columbus Gold (TSXV:CGT), Kennady Diamonds (TSXV:KDI), North American Nickel (TSXV:NAN), Orex Minerals (TSXV:REX), Reservoir Minerals (TSXV:RMC) and Tinka Resources (TSXV:TK) appeared in Haywood Securities’ Q4 2015 report, but were not featured for Q1 2016.

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Note: In addition to the above criteria, Haywood prepared this list in part based on whether it expects companies to deliver news during the next quarter. The list is updated regularly.