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Nukkleus
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ASX mining stocks with over 60% returns in a year
Australian mining industry is gradually heading back to its pre-pandemic days.
2022 is proving to be a recovery year for the Australian mining industry so far. Majority of miners, who suffered losses during Covid-19, are now able to churn out some profit. Production levels are also on track and even have managed to touch pre-pandemic levels for many.
Russian invasion in Ukraine has opened new opportunities for Aussie miners. Australian producers of iron ore, coal, gas and base metals are benefitting from the demand supply gap.
While the ASX300 metals and mining index $S&P/ASX 300 (.XKO.AU)$ has lost over 5% in a year, few ASX mining stocks have gained over 60%:
1. Grange Resources Limited
1. Grange Resources Limited
The average price received during the quarter was up 35.73% from December quarter. The miner also declared a 10 cents dividend on its shares. Meanwhile on the ASX, GRR shares have gained more than 118% in a year. (Data as of 30 June 2022)
2. Coronado Global Resources Inc
Aussie miner gaining from the supply demand gap due to the Russia-Ukraine war. CRN share price has gained over 106% in last one year. (Data as of June 30, 2022)
3. Capricorn Metals Limited
CMM share price has surged over 72% in a year. The company had reported higher gold production in its latest March 2022 quarterly report.
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