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Highlights
- Jubilee Metals Group‘s revenue in H1 2021 was £75.6 million, representing a 133% year-on-year increase.
- Kodal Minerals reported high-grade gold mineralisation results of up to 38.5g/t gold from exploration activities at the Nielle project in Ivory Coast.
Mining companies are engaged in the exploration, extraction, and processing of mineral deposits; hence the mining industry is termed cyclical, and its performance is heavily dependent on the broader macroeconomic trends. The recent COVID-19 pandemic impacted several sectors. The mining sector was among the worst affected due to migration of mining staff back to their places, sudden suspension of activities, and poor demand.
Many investors have turned to safe-haven assets such as those engaged in the mining of precious metals, especially in times of political and economic turmoil.
AIM mining stocks encompass SMEs in the mining sector. Although these stocks offer attractive rewards, they may be associated with risks. Thus, careful stock selection through the evaluation of key fundamentals within the AIM space can help in wealth creation. Here we will discuss investment prospects in two AIM listings that returned over 150%-400% to shareholders in the last one year – Jubilee Metals Group and Kodal Minerals Plc.
(Data source: EODHD/Others)
Jubilee Metals Group Plc (LON:JLP)
Jubilee Metals Group is a mining exploration and metal development firm focused on mining nickel and platinum group elements in Zambia and South Africa.
Jubilee Metals inked a memorandum of understanding (MoU) with Mopani Copper Mines Plc to deploy additional cobalt and copper refining capacity. The additional refining capacity targets are expected to increase Jubilee's existing copper refining capacity by 17,000 tonnes per annum.
Jubilee Metals Group‘s revenue in H1 2021 was £75.6 million, representing a 133% year-on-year increase. Its operational earnings rose by 178% year-on-year to £40.1 million in H1 2021.
The shares of Jubilee Metals Group are trading at GBX 16.10, down by 0.31% at 9:17 AM BST on Tuesday, 2 November 2021. The market cap of the company stands at £392.39 million, and the shares gave a return of 153.62% to shareholders in the last one year.
Kodal Minerals Plc (LON: KOD)
Kodal Minerals is a lithium exploration and development company. It is focused on the development of its Bougouni Lithium Project located in Southern Mali. Last month, Kodal Minerals reported high-grade gold mineralisation results of up to 38.5g/t gold from exploration activities at the Nielle project in the Ivory Coast.
Kodal Minerals registered a loss before tax of £623,000 for the year ended 31 March 2021, compared to a £630,000 loss in 2020. It invested £542,000 in 2021 for exploration and evaluation activities across various projects compared to £1.6 million in 2020.
The shares of Kodal Minerals are trading at GBX 0.33, down by 2.21% at 9:19 AM BST on Tuesday, 2 November 2021. The market cap of the company stands at £53.76 million, and the shares gave a return of 371.57% to shareholders in the last one year.
