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5 Gold Stocks To Watch Ahead Of The U.S. Election

Top Gold Stocks To Watch Right Now
The post 5 Gold Stocks To Watch Ahead Of The U.S. Election appeared first on Gold Stocks to Buy, Picks, News and Information | GoldStocks.com.

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Gold Stocks Continue Rising Ahead Of The 2020 U.S. Election

On Monday, October 12th, gold stocks and gold futures inched up slightly. While there are many reasons behind this, the main factor is a mix of the upcoming U.S. election and the COVID-19 stimulus package. As much as we like to think gold stocks are immune to speculation, it is quite the opposite. And while gold stocks do tend to rise and fall with geopolitical tensions, it is usually in the inverse direction of the market. This is because investors tend to buy gold when markets show signs of turmoil. This turmoil could be geopolitical, economic, or inflation-related. 

But regardless, gold futures and gold stocks rise and fall accordingly. Since the start of the pandemic, we have seen investors continue to be bullish about gold stocks. Carlo Alberto De Casa, a chief analyst at ActivTrades, stated that “technically gold is regaining strength with the consolidation above $1,920 a supportive signal for bullion and confirming traders’ huge interest.” 

[Read More] 5 Top Gold Stocks to Add to Your Watchlist In October 2020

After Trump’s COVID diagnosis, the president stated that he hopes to get a stimulus package through as soon as possible. This sentiment has helped to push gold futures higher in the past week or so. In addition, the Fed’s choice to keep interest rates at near-zero has helped to bolster the economy and lower inflation rates. With gold hitting an all-time high of $2,089.20 back in August, investors believe that there could be more bullish sentiment in the near future. With that in mind, let’s take a look at 5 gold stocks ahead of the U.S. election. 

Gold Stocks to Watch:

  1. Freeman Gold Corp. (FMANF Stock Report)
  2. Eldorado Gold Corp. (EGO Stock Report
  3. Yamana Gold Inc. (AUY Stock Report
  4. B2Gold Corp. (BTG Stock Report
  5. Wheaton Precious Metals Corp. (WPM Stock Report

Gold Stocks to Watch #1: Freeman Gold Corp. 

Freeman Gold Corp. is one of the junior gold stocks to watch. For those who don’t know, Freeman Gold works by acquiring mining projects which it then develops into gold producing assets. Recently, Freeman Gold purchased the parent company of Lower 48 Resources Ltd. This move was a strategic one that gave the company the right to acquire the famed Lemhi Gold Project in Lemhi County, Idaho. This gold project represents some of the vast potential that Idaho has for the gold mining industry. Last year, the Fraser Institute named Idaho as No. 8 in the world for its mining attractiveness. 

Currently, there are over 355 holes drilled in the Lemhi Mine. These holes have given Freeman Gold invaluable data as to where and how much gold there may be in the mine. Current estimates show that the project could develop as much as 1.5-2M ounces total. After discovering the potential of this mine, Freeman Gold focused further on derisking the asset further. The company ended up striking a deal with Yamana Gold Inc. whereby Freeman acquired a back-in right to the Lemhi Project, from Yamana. When the news hit the market, it was incredibly exciting as it offered both parties a great opportunity. Yamana now has a 5% equity stake in Freeman Gold which is worth around 4.3 million common shares of the company. 

During the second half of the third quarter, 2020, Freeman acquired the Moon #100 and Moon #101 unpatented mining claims, located within the historical resource area of its Lemhi project. The Moon Claims are located towards the northern portion of the historical resource area in the immediate vicinity of historical drill holes 86065, 93002 and 93005 which contain significant gold mineralization including both broad (193.55 meters of 1.8 grams per tonne gold (‘g/t Au’)) and high grade (57.91 meters of 4.09 g/t Au) gold intercepts.

top gold stocks to watch right now Freeman Gold Corp. (FMANF stock chart)

Gold Stocks to Watch #2: Eldorado Gold Corp.

Eldorado Gold Corp. is another leader in the gold mining industry. The company works in the exploration, development, production and sale of various mining resources. While it does have mines around the world, the company is primarily focused on Europe and Canada. As of October 2020, Eldorado Gold has five mines that are in operation. This includes the Kisladag and Edemcukuru mines located in Turkey, the Lamaque Mine in Canada, and the Olympias and Stratoni mines in Greece. With these mines, the company is able to produce silver, zinc, lead and iron. Despite its production of various minerals, Eldorado primarily works on the production of gold. 

[Read More] Looking For Top Mining Stocks? Low-Priced Names To Know Now

At the end of July, Eldorado announced that it had completed redeeming almost $60 million in senior debt notes. This helped to bring in a newfound sense of confidence to the business as debt reduction is always a major positive. Since late September, shares of EGO stock have pushed up by more than 33%. This is quite substantial and should not be ignored by investors. In addition, the company recently welcomed Judith Mosely to its board after Dr. Michael Price stepped down from his role. This news helped to push EGO stock in the right direction over the past month or so. With that, it remains a leading gold stock to watch. 

top gold stocks to watch right now Eldorado Gold Corp. (EGO stock chart)

Gold Stocks to Watch #3: Yamana Gold Inc. 

Yamana Gold Inc. is a gold mining company that has performed quite well this year. As mentioned before, Yamana Gold recently struck a deal with Freeman Gold Corp. which was big news when it hit the market. On its own, however, Yamana Gold Inc. has a lot to offer. On October 7th, Yamana Gold announced its preliminary second-quarter results. These results showed that the company has continued its winning streak in 2020. Its gold production hit around 240,466 ounces which is up by around 31% sequentially. The company was also able to increase its cash by $145 million over the previous quarter which is no small feat. 

In addition, Yamana Gold announced that it has reduced its net debt to $0.62 billion from $1.7 billion only 3 years ago. Lastly, Yamana announced that it has increased its dividend yield to 1.7%. All of this news is quite positive for Yamana and the gold industry at large. When we see large gold stocks like Yamana producing positive results, it reflects highly on the industry as a whole.

Another metric we can use to look at Yamana is a comparison between it and the VanEck Vectors Gold Miners ETF (GDX Stock Report). In 2020, Yamana Gold is up by around 80% while the VanEck Gold Miners ETF is only up by around 45%. With this in mind, investors may continue keeping a close eye on Yamana Gold Inc. 

top gold stocks to watch right now Yamana Gold Inc. (AUY stock chart)

Gold Stocks to Watch #4: B2Gold Corp. 

B2Gold Corp. is one of the top-performing gold stocks of 2020. This year, BTG stock has shot up by as much as 73% while benchmarks like GDX have climbed around 45% in the same period. As with many gold stocks, a lot of this growth is due to the effects that COVID has had on the market. In the past six consecutive quarters, BTG stock has returned growth in all aspects of its business. With the increasing price of gold and the decreasing price to mine gold, the company has posted a trailing four-quarter earnings amount of around 1%. 

With a market cap of roughly $7.3 billion as of October, B2Gold is one of the largest gold stocks in the industry. Analysts have stated that the company has a long-term earnings per share growth rate of almost 20%. While this may be an overestimate, the company does look like it has a lot of future potential.

[Read More] Looking For Top Gold Stocks to Watch This Month? 4 To Know Now

One of the major factors in the increasing value of B2Gold is the performance of its mines. In particular, its Otjikoto and Masbate mines in Namibia and the Philippines respectively, have well outperformed the target production amounts. For the year, B2Gold expects to produce more than 1 million ounces of gold. All of this adds up to make B2Gold an attractive gold stock to watch. 

top gold stocks to watch right now B2Gold Corp. (BTG stock chart)

Gold Stocks to Watch #5: Wheaton Precious Metals Corp.

Wheaton Precious Metals Corp. is different from most gold stocks as it is considered to be a streaming company. This means that it enters into contracts to purchase certain amounts of gold from the mines directly. This is done with an upfront payment and an additional payment after the metals are delivered. There are several strategic advantages to this business model. This includes most notably, the ability to have low risk compared to companies that mine ore directly. In addition, the company is able to push some of the highest margins in the gold mining industry. 

Recently, the company announced that it intends to list its shares on the London Stock Exchange or LSE. While this does not affect U.S. traders holdings in the company, it could offer more capital to Wheaton Precious Metals. CEO of Wheaton, Randy Smallwood stated that “as a leader in the precious metals sector, Wheaton is excited to take our place amongst the largest mining companies globally on the London Stock Exchange.

Wheaton is one of the world’s largest precious metals streaming companies, providing investors a unique and sustainable proposition with some of the highest margins in the mining industry and exposure to a high-quality portfolio of assets.” With this, Wheaton Precious Metals looks like it has an advantageous position in the future of the gold industry. 

top gold stocks to watch right now Wheaton Precious Metals Corp. (WPM stock chart)
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The post 5 Gold Stocks To Watch Ahead Of The U.S. Election appeared first on Gold Stocks to Buy, Picks, News and Information | GoldStocks.com.

Precious Metals

Bitcoin Surges Above $60k For The First Time In 6 Months

Bitcoin Surges Above $60k For The First Time In 6 Months

Cryptos are all rallying this morning but Bitcoin is making headlines as it broke…

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Bitcoin Surges Above $60k For The First Time In 6 Months

Cryptos are all rallying this morning but Bitcoin is making headlines as it broke back above the $60,000 level for the first since April...

Source: Bloomberg

This has extended a recent run from around $40,000 which has been driven by increasingly optimistic signs of a Bitcoin ETF being imminent...

Source: Bloomberg

This has pushed Bitcoin back up to be the world's 8th largest asset (just below that of Silver), and well above $1 trillion market cap...

Source

Citing “people familiar with the matter,” Bloomberg has reported that the United States Securities and Exchange Commission is poised to approve the first Bitcoin futures ETFs in the country.

The anonymous sources said:

“The regulator isn’t likely to block the products from starting to trade next week.”

Bloomberg's Eric Balchunas recently laid out his odds for which of the numerous ETF proposals will be accepted first...

And for those in the "digital gold" camp, this analog from the '70s is interesting. CoinTelegraph reports that Austrian investor and analyst Niko Jilch this week referenced famed investor Paul Tudor Jones while explaining the “excitement” over the Bitcoin ETF.

Tudor Jones had previously highlighted Bitcoin’s cycles being similar to gold in the 1970s — just when it had become a futures product itself and enjoyed a 10-year bull run followed by a 50% correction.

Gold’s 1970s rip, TechDev additionally noted, fits extremely neatly over Bitcoin’s performance since October 2020.

Finally, not to be forgotten, Ethereum is holding above $3800...

Tyler Durden Fri, 10/15/2021 - 10:34
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Precious Metals

Roscan Gold Reports Closing Of $6.4 Million Strategic Investment By Asante Gold

Roscan Gold Corporation (TSXV: ROS) announced today the completion of the previously announced strategic investment by Asante Gold Corporation (CSE:
The…

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Roscan Gold Corporation (TSXV: ROS) announced today the completion of the previously announced strategic investment by Asante Gold Corporation (CSE: ASE). The investment is reported to be worth $6.4 million and is intended to advance the company’s 100%‐owned Kandiole gold project in West Mali.

Under the terms, Asante Gold subscribed 22.1 million Roscan Gold common shares at $0.29 per share. This results in Asante Gold owning approximately 6.3% of the outstanding Roscan Gold common shares.

“We are delighted with the financial closing of the strategic investment. This new strategic investment increases our ability to unlock the substantial value at the Kandiole Project with a proven mine building team and a dominant land position in a prolific mining camp,” said Roscan Gold CEO Nana Sangmuah.

Still within the agreement, after one year or when Asante Gold effectively owns less than 5% equity, whichever comes first, Asante Gold will vote in accordance with the recommendations made by the Roscan Gold management or the board of directors.

Roscan Gold last traded at $0.28 on the TSX Venture.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

The post Roscan Gold Reports Closing Of $6.4 Million Strategic Investment By Asante Gold appeared first on the deep dive.

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Precious Metals

Sassy Resources To Dividend Out 8.8 Million Shares Of Gander Gold

Sassy Resources (CSE: SASY) this morning indicated that it intends to dividend out a portion of its Gander Gold Corp
The post Sassy Resources To Dividend…

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Sassy Resources (CSE: SASY) this morning indicated that it intends to dividend out a portion of its Gander Gold Corp shares to its shareholders this morning. The dividend is being conducted as a means of settling debt outstanding between Gander and Sassy.

Approximately 8.83 million common shares are to be issued in a dividend by Sassy, with shareholders to receive one share of Gander Gold for every 5.3816 shares of Sassy held as of February 1, 2022, or in other terms, 0.1858 shares of Gander for every share of Sassy held.

The dividend is being conducted in connection with Sassy entering the final phases of seeing Gander Gold spun out and listed as a standalone entity on the Canadian Securities Exchange. Post closing, Gander will have 71.4 million shares outstanding, of which Sassy will own 35.3 million, or 49.5%, while Eric Sprott will own 10.7 million shares, or 15% of the company as a whole.

Gander Gold currently holds over 2,257 square kilometres of grassroots properties in Newfoundland across eight separate projects, representing one of the bigger land packages in the province.

Sassy Resources last traded at $0.41 on the CSE.


Information for this briefing was found via Sedar and Sassy Resources. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

The post Sassy Resources To Dividend Out 8.8 Million Shares Of Gander Gold appeared first on the deep dive.

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