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Highlights
- The UK stocks market is one of the prominent exchanges worldwide for metal and mining companies to raise capital.
- Investors looking to explore investment opportunities in the metal and mining sector can invest in AIM-listed mining stocks like Atalaya Mining Plc, Horizonte Minerals Plc, Vast Resource Plc.
Most of the metal and mining companies have reported excellent performance after the Covid-19 pandemic. Companies witnessed high demand from various industrial groups amid a global economic recovery that led to a rise in across-the-board metal prices.
The UK stocks market is one of the prominent exchanges worldwide for metal and mining companies to raise capital. Also, different FTSE indices constituents stocks from the metal and mining sector, which have considerable weightage.
Investors looking to explore investment opportunities in the metal and mining sector can look for investment in AIM-listed mining stocks like Atalaya Mining Plc, Horizonte Minerals Plc, Vast Resource Plc, which are currently in the growth phase, and any major discovery of reserves by these companies can lead to high return on investment.
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Let us look explore the investment opportunity in these AIM-listed metals and mining:
Atalaya Mining Plc (LON: ATYM)
The company is into the exploration and production of industrial base metals like copper, silver, and gold. Most of its mining projects are located in Spain.
The company reported copper production of 13,933 tonnes in the third quarter of 2021. It has also raised full-year copper production guidance to 54,000 to 56,000 tonnes. The consistent rise in copper prices in the international market is benefiting the company’s revenue and profitability.
The company’s board has also approved an inaugural dividend payout for its shareholders due to robust cashflow and a strong copper price environment. In addition, the company has also approved a dividend policy and will make an annual payout of 30% to 50% of free cashflow generated.
Atalaya Mining Plc’s last close was at GBX 400 on 09 November 2021, with a market cap of £552.85 million.
Horizonte Minerals Plc (LON: HZM)
FTSE AIM-listed company is primarily engaged in the exploration and production of nickel, and its key mining projects are located in Brazil.
It is in the final stage to secure funding for its Araguaia project from the international lenders. The company has a positive outlook for the future and is expected to turn profitable soon after the execution and implementation of its different projects.
Horizonte Minerals Plc’s last close was at GBX 8.40 on 09 November 2021, with a market cap of £142.81 million.
Vast Resource Plc (LON:VAST)
The company is engaged in the exploration of precious and base metals in African and Eastern European countries.
The company reported revenue of USD 8,96000 for the financial year ended 30 April 2021. However, the company continues to report losses on a yearly basis. The company has started production from its Baita Plai Polymetallic Mine in Romania, which was the major achievement for the company during the period.
Vast Resource Plc’s last close was at GBX 2.68 on 09 November 2021, with a market cap of £6.71 million
