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.

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

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

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.

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.

More on Share Market News

A group of friends watch the game at the pub whilst enjoying a few drinks, one girl has her hand up cheering.
Consumer Staples & Discretionary Shares

Players gonna play: 3 ASX shares set for a strong reporting season

There are some consumer activities that don't just disappear because of an economic downturn. Here are some stocks that could…

Read more »

a young farmer stands back and admires his work in arranging bales of hay to form a house shape with two bales balancing against each other to form a roof, perched on bales tipped on their side in an abstract house shape on a freshly harvested paddock.
Small Cap Shares

2 ASX shares you never heard of ready to make hay

Plummeting stock prices don't necessarily reflect the prospects of many businesses at the moment.

Read more »

Investor sitting in front of multiple screens watching share prices
Share Market News

5 things to watch on the ASX 200 on Thursday

The ASX 200 is expected to have a better day on Thursday...

Read more »

Two hands being shaken symbolising a deal.
Mergers & Acquisitions

How many global mega deals involved ASX 200 shares in the first half of 2022?

Deal making among ASX 200 shares helped drive a 25.4% increase in M&A activity in Australia in the first half…

Read more »

Top 10 blank list on chalkboard
Share Market News

Here are the top 10 ASX shares today

Here are your top 10 biggest gainers in the ASX 200 on Wednesday.

Read more »

a sad looking engineer or miner wearing a high visibility jacket and a hard hat stands alone with his head bowed and hand to his forehead as he speaks on a mobile telephone out front of what appears to be an on site work shed.
Resources Shares

Should investors dig the BHP share price in July?

BHP shares are sinking. Is it time to jump on the ASX mining giant?

Read more »

a man peers between two large piles of papers and files with a wide-eyed, wide-mouth look of dread at the amount of work he has to do.
Share Market News

Here are the 3 most heavily traded ASX 200 shares on Wednesday

We take a look at the most traded ASX 200 shares by volume today.

Read more »

A happy male investor turns around on his chair to look at a friend while a laptop runs on his desk showing share price movements
Healthcare Shares

Why this broker is tipping the ResMed share price to rise 17%

A leading broker says ResMed shares can rise strongly from here...

Read more »