A selection of 100 of the world's best performing mining stocks shows an aggregate value of USD 33bn, and a weighted average gain of 367% over the past six months, vastly outperforming any other known grouping of equities. There are multiple themes that emerge from the names on the list, but the presence of gold and silver miners and developers is close to overwhelming.
Sub-themes include clear evidence that investors are chasing potential acquisitions, companies with proven treasures in the ground, but lacking broader access to the substantial funds required to build big mines, and, in many cases, infrastructure as well. There are also names that were brutally sold down, and are simply bouncing back to perceived fair value, especially with something of a thaw in broader credit markets.Included in the list are:
|Stock price||From high*||From low*||Value USD bn|
|Queenston Mining Inc.||CAD 4.15||-1.9%||446.1%||0.190|
|Colossus Minerals Inc.||CAD 2.10||-47.5%||388.4%||0.092|
|Allied Nevada Gold Corp.||CAD 7.91||-3.4%||284.0%||0.361|
|Exeter Resource Corp.||CAD 4.01||-20.9%||281.9%||0.199|
Source: market data; table compiled by Barry Sergeant