Following from my post yesterday titled Mexican Miners/The Peso, I think readers might find the following statistics interesting – particularly in light of currency exchange rates generally, and the obvious need to continually monitor them in the context of their mining company investments.

There are approximately 1,350 base metal, gold, silver and uranium mining companies listed for trading on the Toronto and Toronto Venture Stock Exchanges.  These companies can be distinguished between those that only explore for metals, and those that both explore for and produce metals.  Collectively, these companies conduct their principal operations in almost 90 countries around the world.  To put this number of companies in perspective, our analysis suggests that these 1,350 companies may represent as much as 60% of all mining companies listed for trading on all world stock exchanges.

Again, it is obvious that anyone owning shares in those 1,350 companies whose principal operations are in a country other than Canada need to continually monitor the currency exchange rate between Canada and the country(ies) where there investee companies principally conduct business.  They then need to continuously assess the positive or negative affect of currency fluctuations on each of those companies.  Where there is a large short-term currency fluctuation I suggest the quickest way to determine its affect is to call the company’s President or CFO and question them about its affect(s).  Again, I find these people are readily available to shareholders.  My advice – don’t hesitate to pick up the telephone.

In the StockResearchPortal.com website you can find up-to-date geopolitical and economic write-ups on most of those 90 countries, and up-to-date currency exchange statistics for nine of the major world currencies.  In both cases find this data under the Economic Research tab in the Left Navigation column under ‘Country Detail’ and ‘Currency Exchange’ respectively.

The views expressed in this Post are those of the author. They are offered to readers for information and general guidance only. They are neither intended to, nor should be taken to, constitute economic or investment advice. No check of data underlying articles or comments referenced herein has been made, and no responsibility is taken for them.  See Legal Disclaimer.

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