A small cap copper stock refers to a company that has a relatively small market capitalization and is primarily involved in copper mining or exploration. Market capitalization is the total value of a company’s outstanding shares, which is calculated by multiplying the current stock price by the number of shares outstanding. Small cap companies typically have a market capitalization of less than $2 billion, making them riskier investments than larger, more established companies. However, small cap stocks also have the potential for high growth and can be attractive to investors seeking higher returns. In the context of copper stocks, small cap companies are often focused on exploration and development of new copper deposits. These companies may have more volatile stock prices than larger, established mining companies because their success is dependent on the discovery of new copper deposits, which can be unpredictable. However, small cap copper companies can also offer significant upside potential if they are successful in discovering and developing new copper resources.
Investing in small cap copper stocks requires careful research and analysis to identify companies with promising exploration projects, experienced management teams, and sufficient financial resources to fund their operations. Investors should also be aware of the risks associated with small cap companies, such as limited liquidity, higher volatility, and potential for regulatory and environmental risks.
What are the best small market cap copper stocks?
1. Ero Copper Corp (ERO.TO)
Ero Copper Corp (ERO.TO) is a Canadian mining company that operates the Vale do Curaçá Property, which is located in Bahia, Brazil. The company is primarily engaged in the production and exploration of copper, gold, and silver. Ero Copper Corp was founded in 2016 and became a publicly traded company on the Toronto Stock Exchange in October of the same year.
The Vale do Curaçá Property consists of three underground mines: Pilar, Vermelhos, and Surubim, as well as a processing plant that has a current capacity of 6.5 million tonnes per year. Ero Copper Corp is focused on maximizing the value of its existing assets through operational improvements and exploration activities aimed at discovering new resources within the Vale do Curaçá Property. As of the end of 2021, Ero Copper Corp had estimated mineral reserves of 16.1 million tonnes of copper, 125,000 ounces of gold, and 2.1 million ounces of silver. The company has a strong balance sheet and has been generating positive cash flows from its operations. In addition to its copper, gold, and silver production, Ero Copper Corp has also been investing in sustainable energy projects, such as a solar power plant and a hydroelectric plant, to reduce its environmental impact and increase energy efficiency. Ero Copper Corp has a market capitalization of approximately $1.5 billion as of February 2023 and is traded on the Toronto Stock Exchange under the symbol ERO.TO. The company has received recognition for its responsible mining practices and has been included in the Dow Jones Sustainability Index for four consecutive years.
2. Hudbay Minerals Inc. (HBM.TO)
Hudbay Minerals Inc. (HBM.TO) is a Canadian mining company that operates mines and exploration projects primarily in Canada, Peru, and the United States. The company is primarily focused on the production of copper, gold, and zinc, as well as other base and precious metals. Hudbay Minerals was founded in 1996 and became a publicly traded company on the Toronto Stock Exchange in 2003.
Hudbay Minerals operates three mines in Manitoba, Canada: Lalor, Reed, and Snow Lake. In addition, the company operates the Constancia mine in Peru, which is a large copper-gold mine that began production in 2015. Hudbay Minerals also has exploration projects in Peru, Chile, and the United States.
As of the end of 2021, Hudbay Minerals had estimated mineral reserves of 5.5 billion pounds of copper, 7.6 million ounces of gold, and 55.7 million ounces of silver. The company has a strong balance sheet and has been investing in exploration and development activities aimed at expanding its resource base.
Hudbay Minerals has also been recognized for its commitment to sustainable mining practices, including its efforts to reduce greenhouse gas emissions, conserve water, and promote biodiversity. The company has been included in the Dow Jones Sustainability Index for three consecutive years.
Hudbay Minerals has a market capitalization of approximately $1.9 billion as of February 2023 and is traded on the Toronto Stock Exchange under the symbol HBM.TO. The company has a history of paying dividends to shareholders and has a current dividend yield of approximately 0.4%. The company is also actively involved in community development projects and has partnerships with local organizations aimed at promoting social and economic development in the communities where it operates. One of the best small cap copper stocks out there!
3. Copper Mountain Mining Corp (CMMC.TO)
Copper Mountain Mining Corp (CMMC.TO) is a Canadian mining company that operates the Copper Mountain Mine, located in British Columbia, Canada. The company is primarily focused on the production of copper, as well as other metals such as gold and silver. Copper Mountain Mining was founded in 2006 and became a publicly traded company on the Toronto Stock Exchange in 2007.
The Copper Mountain Mine is a large open-pit mine that began production in 2011. The mine has a current processing capacity of 40,000 tonnes of ore per day and produces copper concentrate, which is sold to smelters for further refining. In addition to copper, the mine also produces gold and silver as byproducts.
Copper Mountain Mining has been investing in exploration and development activities aimed at expanding its resource base and increasing the mine’s production capacity. The company has also been focused on reducing operating costs and improving efficiencies to maximize the value of its existing assets.
As of the end of 2021, Copper Mountain Mining had estimated mineral reserves of 2.2 billion pounds of copper, 789,000 ounces of gold, and 11.7 million ounces of silver. The company has a strong balance sheet and has been generating positive cash flows from its operations.
Copper Mountain Mining has a market capitalization of approximately $600 million as of February 2023 and is traded on the Toronto Stock Exchange under the symbol CMMC.TO. The company has a history of paying dividends to shareholders and has a current dividend yield of approximately 1.4%. Copper Mountain Mining is also committed to responsible mining practices and has implemented various environmental and social programs aimed at reducing its environmental impact and supporting local communities.
4. Nevada Copper Corp (NCU.TO)
Nevada Copper Corp (NCU.TO) is a Canadian mining company that owns and operates the Pumpkin Hollow copper project located in Nevada, United States. The company is focused on the exploration, development, and production of copper, as well as other minerals. Nevada Copper Corp was founded in 2005 and became a publicly traded company on the Toronto Stock Exchange in 2012.
The Pumpkin Hollow project consists of two deposits: the open-pit North deposit and the underground East deposit. The company has been focused on developing the underground mine, which has a projected production capacity of approximately 50 million pounds of copper per year. The company has also been investing in exploration activities aimed at discovering new mineral resources in the region.
Nevada Copper Corp has faced operational and financial challenges in recent years, including a suspension of underground mining operations in 2020 due to COVID-19-related issues and subsequent financing difficulties. However, the company has been working to address these challenges, including raising new capital and implementing operational improvements.
As of the end of 2021, Nevada Copper Corp had estimated mineral reserves of 1.5 billion pounds of copper and 370,000 ounces of gold. The company is aiming to restart underground mining operations in 2023 and is working to increase its production capacity and expand its mineral resources.
Nevada Copper Corp has a market capitalization of approximately $100 million as of February 2023 and is traded on the Toronto Stock Exchange under the symbol NCU.TO. The company has a current cash balance of approximately $60 million, which it plans to use to fund its ongoing development and exploration activities. Nevada Copper Corp is also committed to responsible mining practices and has implemented various environmental and social programs aimed at reducing its environmental impact and supporting local communities.
5. Excelsior Mining Corp (MIN.TO)
Excelsior Mining Corp (MIN.TO) is a Canadian mining company that is focused on the exploration, development, and production of copper in the United States. The company’s flagship project is the Gunnison Copper Project, located in southeastern Arizona. The project is designed to be an in-situ recovery (ISR) copper mine, which is a low-cost, environmentally friendly method of extracting copper. Excelsior Mining Corp was founded in 2005 and became a publicly traded company on the Toronto Stock Exchange in 2010.
The Gunnison Copper Project is expected to have a 24-year mine life and a projected production capacity of approximately 125 million pounds of copper per year. The project is currently in the construction phase, with commercial production expected to begin in 2023. The ISR method of copper recovery is expected to result in a low environmental impact and a low cost of production.
Excelsior Mining Corp has a strong balance sheet and has been successful in raising financing to fund the development of the Gunnison Copper Project. The company has also been investing in exploration activities aimed at expanding its mineral resources in the region.
As of the end of 2021, Excelsior Mining Corp had estimated mineral reserves of 3.98 billion pounds of copper. The company has a market capitalization of approximately $330 million as of February 2023 and is traded on the Toronto Stock Exchange under the symbol MIN.TO.
Excelsior Mining Corp is committed to responsible mining practices and has implemented various environmental and social programs aimed at reducing its environmental impact and supporting local communities. The company has also been recognized for its efforts to promote diversity and inclusion in its workforce and its operations. One of the best small cap copper stocks!
6. Trilogy Metals Inc (TMQ.TO)
Trilogy Metals Inc (TMQ.TO) is a Canadian mining company that is focused on the exploration and development of copper, zinc, gold, and silver deposits in Alaska, United States. The company’s flagship project is the Arctic Project, which is a high-grade polymetallic deposit located in the Ambler Mining District of Northwestern Alaska. Trilogy Metals Inc was founded in 2011 and became a publicly traded company on the Toronto Stock Exchange in 2012.
The Arctic Project has estimated mineral resources of approximately 43 million tonnes of copper, 2.2 million tonnes of zinc, 0.7 million ounces of gold, and 21 million ounces of silver. The company is currently conducting exploration and development activities aimed at further defining and expanding the mineral resources at the project.
Trilogy Metals Inc has a strong balance sheet and has been successful in raising financing to fund its exploration and development activities. The company has also been focused on engaging with local stakeholders and communities to ensure that its operations are conducted in a socially and environmentally responsible manner.
As of February 2023, Trilogy Metals Inc has a market capitalization of approximately $500 million and is traded on the Toronto Stock Exchange under the symbol TMQ.TO. The company has also been listed on the NYSE American under the symbol TMQ.
Trilogy Metals Inc is committed to responsible mining practices and has implemented various environmental and social programs aimed at reducing its environmental impact and supporting local communities. The company has also been recognized for its efforts to promote diversity and inclusion in its workforce and its operations.
n.b: this is not financial advice
