Basic Materials

Amerigo Resources recovers copper from tailings in Chile rather than operating a traditional mine. Recent margins, returns on capital, and cash flow have improved sharply, giving the company a distinctive niche in a copper market supported by long-term electrification demand.

AMG Advanced Metallurgical Group combines specialty metals, recycling, and industrial equipment across lithium, vanadium, and advanced systems. The appeal comes from exposure to battery materials and aerospace, with recovery potential if new capacity and margins improve.

Avino Silver & Gold Mines runs a growing precious-metals operation in Mexico, centered on silver with meaningful gold and copper revenue. Profitability, cash flow, and balance-sheet strength have improved sharply, while district expansion could support a larger production base.

Alphamin Resources is a focused tin producer built around the high-grade Bisie mine in the DRC. Strong margins, low debt, and powerful cash generation make it a distinctive listed way to follow tin, with results that have rebounded sharply in recent periods.

CVR Partners turns U.S. feedstocks into nitrogen fertilizer for major crop markets. Strong margins, solid cash generation, and a moderate earnings valuation stand out, while its focused asset base makes operating execution especially important.

Americas Silver is a small North American miner with rising scale, stronger silver exposure, and meaningful leverage to improving mine performance. Recent acquisitions and operational upgrades have made the business more relevant, while the next phase depends on turning growth into durable profits.