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5 Top Gold Stocks to Add to Your Watchlist

Gold Stocks to Watch for October 2020 Gold stocks have seen a…
The post 5 Top Gold Stocks to Add to Your Watchlist In October 2020 appeared first on Gold Stocks to Buy, Picks, News and Information | GoldStocks.com.

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Gold Stocks to Watch for October 2020

Gold stocks have seen a rapid increase in investor interest over the past six months. Due to the pandemic, investors are continuously searching for new ways to safeguard their wealth. With that, gold has long been considered to be one of the safest ways to store and invest one’s money. The reason why is twofold. For one, gold bullion does not change in value as rapidly as other investments. Given that gold stocks usually follow the price of gold bullion, these investments are more times than not, low volatility. 

The second reason is that gold stocks tend to increase in value when markets are in a decline. While we have seen gains in the stock market in the past six months, the uncertainty surrounding COVID has made gold stocks quite popular. Back in August, gold hit an all-time high of $2,089.20 before falling back down slightly. This high price reflected major market uncertainty from investors.

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And despite the market’s slight rebound, interest in gold stocks and gold bullion has remained high. If we look at other major assets, we see that gold and other precious metals have outperformed comparatively. With that in mind, let’s take a look at five top gold stocks to watch

Top Gold Stocks to Watch

  1. Freeman Gold Corp. (OTC: FMANF Stock Report) (CSE: FMAN)
  2. Great Panther Mining Ltd. (NYSEAMERICAN: GPL Stock Report
  3. Barrick Gold Corp. (NYSE: GOLD Stock Report
  4. New Gold Inc. ( NYSEAMERICAN: NGD Stock Report
  5. Coeur Mining Inc. (NYSE: CDE Stock Report

Top Gold Stocks to Watch #1: Freeman Gold Corp. 

Freeman Gold Corp. is one of the more interesting exploration companies in the gold industry. The company has centered its business model around finding new exploration projects for development. While the company does have a broad focus on North America, it has maintained the importance of its Lemhi Mine Project in Lemhi County, Idaho. This mine stands as Freeman’s main exploration project as of late 2020. Back in August, Freeman announced that it had begun a large scale 5,000-meter diamond drill program at the mine. Only a month or so later, Freeman announced a new development for the Lemhi Mine. 

This development consisted of striking a deal with Yamana Gold Inc. (AUY Stock Report) with Freeman acquiring 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. 

After the deal was announced, the President and CEO of Freeman Gold stated that “we are delighted to welcome Yamana as a 5% strategic shareholder. Having a major gold producer with Yamana’s caliber take a significant position in our company is a major vote of confidence in the project and the team we have assembled. We hope to work together in the coming months.”

Over the last week and a half, FMAN stock has galloped higher from C$0.54 to highs this week of C$0.68. Furthermore, FMANF stock has also seen an increase in trading momentum. Since September 28th, shares climbed in the U.S. from $0.37 to highs this week of $0.51.

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

Top Gold Stocks to Watch #2: Great Panther Mining Ltd. 

Great Panther Mining Ltd. is a gold and silver producer that has a focus on the Americas. The company has a heavy focus on South America including mines in Brazil, Mexico and Peru. Great Panther also states that it is actively working on the development of new mining projects where they can be found. Recently, the company announced that it had published its first sustainability report. This should help to give investors some confidence in the practices that Great Panther is using in its business.

[Read More] Top Mining Stocks To Watch In October; 4 Names To Know Right Now

CEO of the company, Rob Henderson stated that “we are excited to release our inaugural sustainability report, Mining for Good, which demonstrates our progress and commitment to advancing sustainability programs, increasing transparency of our performance and continuing dialogue on these crucial matters most relevant to the company’s stakeholders. While we have made significant progress, we also recognize there is much work to be done, and we are committed to doing so.”

In the past six months, GPL stock shot up around 140%. This is quite a substantial gain and illustrates just how much bullish interest there is in Great Panther. For that reason, it remains one of the gold stocks to watch. 

top gold stocks to watch now Great Panther Mining (GPL stock chart)

Top Gold Stocks to Watch #3: Barrick Gold Corp. 

Barrick Gold Corp. is one of the majors by market cap in the gold mining industry. In the past month alone, estimates for per quarter earnings have shot up from around $0.27 to $0.29. For the full year, that number has jumped to $0.95 per share. The CEO of the company recently stated that there should be higher rates of consolidation in the gold industry.

This sentiment seems to be shared across the gold mining industry because it would help to increase the amount of gold mined. He stated that the reserves of gold are being depleted at current rates and more gold needs to be mined in the short and long term. 

For some context, Barrick Gold works in both the production and sale of gold as well as mine development and acquisition. The company has several properties around the world, but its main focus is on North America. In its latest quarterly report, the company announced that it had received revenue of $3.06 billion and a net profit of around $357 million.

This is quite substantial and a considerable rise from the previous year’s revenue of $2.06 billion with a net profit of $194 million. With this in mind, GOLD stock remains an intriguing gold stock to watch. 

top gold stocks to watch now Barrick Gold (GOLD stock chart)

Top Gold Stocks to Watch #4: New Gold Inc.

New Gold Inc. is considered to be an above-average performer in the gold mining industry. This year, NGD stock move up around 134% to date. This is a big advantage over the decline that the overall market took in that same time frame. Despite this, New Gold Inc saw its revenue drop by around 8% which makes sense given the current state of the world and the effects of the pandemic. But, it does seem like bullish sentiment is improving within the company. 

[Read More] 4 Small-Cap Mining Stocks To Watch Right Now

The company states that it is involved in the exploration, mining and development of gold and other precious metals. This includes mining locations in the U.S., Canada, Mexico, Chile and Australia. Because of how broad New Gold Inc’s market is, many believe that it has a great amount of exposure to the larger market.

Recently, the company announced that it had sold its Blackwater Project to Artemis Gold, Inc for around $190 million. In addition, New Gold received roughly $35 million worth of Artemis Gold stock. This should help New Gold Inc to build up its capital for the further expansion of properties around the world. 

This week, B of A Securities raised its price target to $1.75 for NGD stock. However, it still maintains an Underperform rating.

top gold stocks to watch now New Gold (NGD stock chart)

Top Gold Stocks to Watch #5: Coeur Mining INc. 

Coeur Mining Inc. is engaged in the development and production of gold and other precious metals. Although it does mine silver, zinc, and lead, it primarily works in the development of gold and silver properties. The company has several key mines under its belt.

This includes the Palmarejo gold and silver mine in Mexico, the Rochester gold mine in Nevada, the Kensington Gold mine in Alaska, and several mines across Canada. Once mined, the company takes its ore to third party refiners in the U.S. and abroad where it is then turned into gold bullion. In the past six months alone, CDE stock has returned around 85% to investors. Prior to this, however, we see that trading for CDE stock has remained relatively stable.

In September, shares of Coeur Mining dropped around 13% alongside the rest of the mining industry. After a massive bull run from March to September, many of the leading gold stocks to watch saw decent price corrections. In addition to gold, Coeur Mining also has exposure to the silver mining industry.

When silver hit a high of $30 per ounce in August, Coeur Mining also shot up in value. These small corrections are normal in precious metal prices, especially after large bullish runs like we have seen. Investors believe that the price of gold may continue to rise as geopolitical tensions sharpen in the near future.

top gold stocks to watch now Coeur Mining (CDE stock chart)

The Future of Gold Stocks 

While it is difficult to predict the future of gold stocks, the industry does look good in the short term. Because of Covid it seems as though there is more volatility in the stock market than in many years prior. With gold stocks however, this volatility is usually much less than the broader market. Whether investors are looking for growth or stability in their portfolios, gold stocks may just be the right choice.

top gold stocks to trade right now
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The post 5 Top Gold Stocks to Add to Your Watchlist In October 2020 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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i-80 Gold Closes Asset Exchange Agreement With Nevada Gold Mines

i-80 Gold Corp. (TSX: IAU) announced on Thursday that it has completed the previously announced asset exchange agreement with Nevada
The post i-80 Gold…

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i-80 Gold Corp. (TSX: IAU) announced on Thursday that it has completed the previously announced asset exchange agreement with Nevada Gold Mines. The move is part of the firm’s comprehensive plan to put up a mining complex in Nevada.

“With the closing of this transaction, we now embark on our aggressive growth plan to achieve our goal of building a prominent mid-tier gold producer,” said i-80 Gold EVP Business and Corporate Development Matthew Gollat. “Becoming one of only three companies in Nevada with infrastructure to process refractory mineralization, i-80 has gained a strategic advantage for long-term mine development.”

Under the agreement, i-80 Gold acquired from Nevada Gold Mines the Lone Tree and Buffalo Mountain gold deposits, and certain processing infrastructure, including an autoclave.

In exchange, the mining firm gave Nevada Gold Mines its 40% equity in the South Arturo property held by its subsidiary Goldcorp Dee, the assigned option to acquire the adjacent Rodeo Creek exploration property held by its subsidiary Au-Reka Gold, contingent $50 million based on production from the Lone Tree property, and substitute bonding arrangement related to the Lone Tree and Buffalo Mountain reclamation obligations.

At the closing of the transaction, Nevada Gold Mines reimbursed i-80 Gold approximately $7.3 million concerning the funds used at South Arturo truck haulage test work and funds that were not used for reclamation activities.

The 50% ownership in the South Arturo mine consolidates Nevada Gold Mines’ 100% equity on the property. On the other hand, the $50-million contingent is disbursed via $25.00 per recovered gold equivalent ounce identified in the feasibility study and $25.00 per ounce of produced gold in excess.

Related to the agreement, i-80 Gold also closed a concurrent private placement financing selling 39,041,515 common shares at $2.62 per share for aggregate gross proceeds of approximately $102,288,769. Nevada Gold Mines purchased 22,757,393 shares in the private placement, effectively owning 9.9% equity in the company.

The firm intends to use the proceeds of the private placement to fund the acquisition of the Ruby Hill mine, as well as the exploration and development of its Nevada mineral projects, the NGM Properties, and the McCoy Cove property, and for general corporate purposes.

i-80 Gold last traded at $3.45 on the TSX.


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 i-80 Gold Closes Asset Exchange Agreement With Nevada Gold Mines appeared first on the deep dive.

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