Analyst David Coates identifies six junior and mid-tier gold and copper stocks as key picks amid rising prices
Senior resources analyst David Coates recommends a portfolio of six small and medium mining firms. He notes that despite recent price declines, the fundamental outlook for these metals remains strong due to low production costs and persistent demand.
David Coates, a senior resources analyst at Bell Potter, has highlighted six specific junior and mid-tier mining companies as top investments in gold and copper. While prices have dropped from a January peak of US$5,500 per ounce to roughly US$4,400 currently, Coates argues the underlying fundamentals support this sector. He points out that Australian miners maintained an average all-in sustaining cost of approximately A$2,768 per ounce during the June quarter, according to data from Aurum Analytics. "Copper is looking as good as it has for a long time," Coates stated. Although he admits personal bias in covering these specific asset classes, he asserts that positive market consensus aligns with his outlook. Experts believe this optimism persists because production costs remain low compared to current pricing levels.
