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These 3 ASX mining shares are top risers today

These three ASX mining shares posted big gains today. Let’s take a closer look at what they’ve got going on.
The post These 3 ASX mining shares are top risers today appeared first on The Motley Fool Australia. –

A happy miner tips his hard hat, indicating good ashare price results for ASX mining stocks

The S&P/ASX 200 Index (ASX: XJO) bumped higher today moving up 0.68% at the time of writing. Although the Materials sector has slightly dipped by just over 1%, these three ASX mining shares have all posted big gains.

European Metals Holdings Ltd (ASX: EMH)

The European Metals Holdings share price soared over 10% today, reaching $1.30. While it’s been a bumpy road, the company’s share price has roared over 300% in the past six-month period.

In recent news, the company appointed Ambassador Lincoln Palmer Bloomfield, Jr as a non-executive director. Ambassador Bloomfield will be based in Washington DC and has held several roles in the private sector promoting sustainability. European Metals said that he is a ‘valuable addition’ as part of the company’s commitment to support the European Commission’s new Batteries Regulation.

Copper Mountain Mining Corporation (ASX: C6C)

Copper Mountain Mining shares shot up an impressive 9.59% today, landing at $2.40. The share price posted booming gains after announcing record quarterly production with a positive 2021 outlook.

The announcement also advised that the company had exceeded its 2020 expectation to mine and develop between 70 to 75 million pounds of copper by 1.6 million pounds. The company’s 2021 guidance expects copper production to range from 85 to 95 million pounds.

Gold production is expected to be between 25,000 to 35,000 ounces and silver production is expected to be in the range of 500,000 to 550,000 ounces this year.

Talga Group Ltd (ASX: TLG)

The Talga Group share price jumped by 5% today to reach $1.89. The company posted an impressive 2020 share price gain of nearly 250% with big plans to make its mark in the electric vehicles market. Talga Group has been operating since 2011 with operations in Sweden, Germany and the UK.

Morningstar analysts believe Talga Group is undervalued, while Thomson Reuters has posted a neutral rating for the company.

In December, the company announced completion of a successful institutional placement to raise $25 million. The announcement also cites a Share Purchase Plan put in place to raise an additional $10 million. 

Investors and analysts alike will be keeping an eye out on what’s ahead after a $35 million capital bump. Talga has advised that all of the funds raised will be spent developing the company’s Vittangi Anode Project in Sweden.

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Motley Fool contributor Gretchen Kennedy has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post These 3 ASX mining shares are top risers today appeared first on The Motley Fool Australia.

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