This
insanely Great
Stock
Market
WILL
Correct
Soon
These 5 Gold
Stocks Deserve Your Attention Now!
February 16, 2021
-- InvestorsHub NewsWire -- via CorporateAds -- Here are some quick
introductions to the companies listed below and why they deserve to be
considered some of the top gold stocks you can research
Barrick
Gold
Barrick
Gold
(NYSE:GOLD) has a bold vision of being the
world's most valued gold mining company. Driving that mission is
its focus on operating Tier One mining assets, which Barrick
defines as mines that:
-
Produce more than
500,000 ounces per year
-
Have at least 10
years of productive life remaining
-
Deliver total cash
costs per ounce in the lower half of the industry cost
curve
This focus on
operating large mines with significant remaining resources will
enable Barrick to produce at a relatively steady pace for years. It
expects that its output will average about 5 million ounces of gold
per year through 2029. Meanwhile, thanks to its Tier One assets'
low-cost nature, Barrick anticipates that its all-in sustaining
costs will decline in the coming years from roughly $1,000 an ounce
in 2020 to less than $800 an ounce by 2024. Because of that, its
profits, and therefore its stock price, should rise, even if gold
prices decline modestly.
Barrick complements
its top-tier gold mining portfolio with a rock-solid balance sheet.
The company has focused on paying down debt over the last several
years, which has reduced its interest costs. That's giving it even
more financial flexibility, which it's using to pay a
growing dividend.
Brigadier
Gold
Brigadier Gold
Limited (OTC:
BGADF) is a
Fast Moving Precious
Metals Explorer Focused on Gold and
Silver Rich Mexico
$4.2 Million in
Funding Raised for Drilling Operations; Robust Mineralization
Reported in Latest Sampling Results
• Well-Positioned
Precious Metals Explorer with Very Experienced
Management.
• Promising
Properties Under Development in Canada and Mexico.
• Drill Program is
Fully Funded with $4.2 Million Raised Since June, 2020.
• Drill Program
Targeting Gold, Silver and Copper.
• Latest
Drilling & Surface Sampling Results Have
Defined A Vein System Extending Over 7 Kilometres..
Brigadier Gold
Limited (OTC:
BGADF)
(TSXV:
BRG)
(FSE:
B7LM),
based in Vancouver, BC, was formed to leverage the
next major
bull market in the natural
resource sector, particularly
precious metals.
The BGADF company mandate is to acquire undervalued and overlooked
projects with demonstrable potential for rapid advancement. Led by
a management team with over 100 years of collective experience in
mineral exploration and capital markets development, BGADF is
focused on advanced exploration opportunities in politically stable
jurisdictions with current operations in Mexico and
Canada.
BGADF is
currently focused on a first-ever diamond drill program on its 100%
controlled Picachos project in mineral rich Mexico, targeting
mineralized veins underneath and surrounding the historical high
grade San Agustin gold mine located on the property. The
BGADF diamond drill program, led by veteran geologist Michelle
Robinson, is fully funded with $4.2 million raised since June of
2020.
The
BGADF Picachos land package was
methodically assembled by Michelle Robinson (MASc, PEng, geologist,
43-101 QP) over 10 years ago. Ms. Robinson has worked in Mexico for
over 20 years with a number of major mining companies. She has
authored over 20 technical reports and published several papers for
the Society of Economic Geologists. Ms. Robinson and her team are
executing on the company's 5,000-metre diamond drill program -- the
first ever on this project.
•
BGADF Intercepts 9.49 g/t Gold and 24
g/t Ag across 3 Metres at Picachos
On January
19th
BGADF provided its latest diamond
drill and surface sampling results from ongoing phase one
exploration at its Picachos gold-silver project, Sinaloa Mexico.
BGADF has completed 3085 metres of diamond drilling in 28 holes on
the Picachos Project. Assays are now available for 20 holes (Table
1), and samples from the remaining holes are in-progress at SGS
Laboratory in Durango.
Drilling highlights
include:
• 9.49 g/t Au and
24 g/t Ag across 3 m (88 to 91 m) in DH-BRG-008
• 6.24 g/t Au and
79 g/t Ag across 3 m (122.5 to 125.5 m) in DH-BRG-009
• 7.03 g/t Au and
110 g/t Ag across 3.5 m (137.5 to 141 m) in DH-BRG-012
• 6.75 g/t Au and
44 g/t Ag across 2.5 m (108.5 to 111 m) in DH-BRG-014
The structure is
persistent and strongly mineralized. Although BGADF sampling with a
diamond drill is not perfect due to the challenging sub-surface
conditions, it definitely indicates a robust gold-bearing vein of
substantial width and strike length of over seven
kilometers..
The project's
location, situated 25 kilometres equidistant from two recent
bonanza grade discoveries of Vizsla Resources and GR Silver and
along the same mineralized trend, positions Picachos as a truly
exciting opportunity for BGADF and its shareholders.
For more
information on Brigadier Gold Limited (BGADF)
visit: https://www.brigadiergold.ca
Franco-Nevada
Franco-Nevada (NYSE:FNV)
is a streaming and
royalty company. It has agreements covering gold, silver, the
platinum metals group (PGM), and oil and gas. However, the bulk of
its revenue (65% in 2019) comes from gold.
Franco-Nevada's
streaming and royalty contracts provide it with lots of cash. That
gives it the financial flexibility to invest in new deals and pay a
dividend, which it has grown each year since its IPO in 2008. The
company also boasts a debt-free balance sheet as of the middle of
2020 -- a rarity in the mining industry.
Another benefit of
Franco-Nevada's focus on royalties and streaming is that it doesn't
have exposure to capital and operating cost overruns, which have
historically plagued mining companies. However, it still offers the
same upside profile as a miner, given its leverage to the price of
gold, exploration and expansion upside, and dividend yield. Because
it combines those benefits without the sector's negatives,
Franco-Nevada's stock has historically outperformed both gold and
the mining sector, making it an ideal gold mining stock.
Kinross
Gold
Kinross Gold
(NYSE:KGC) Despite
more than doubling from its March lows of this year, at the current
price of $7 per share, we believe Kinross Gold (NYSE: KGC) is still
undervalued. KGC stock has rallied from $3.47 to $7.20 off the
recent bottom compared to the S&P 500 which increased 64% from
its recent lows. The stock has outperformed the broader market due
to sharp rise in prices of precious metals (gold and silver) during
the pandemic. With gradual lifting of lockdowns and easing of
supply constraints, production and shipments are expected to go up,
while the global price outlook still remains positive despite
recent volatility. We believe higher revenue and improved earnings
in 2021, further augmented by acquisition of new projects (70% in
Peak project), is likely to drive another 80% rally in the
stock.
With consumer
demand increasing and supply constraints easing, gold and silver
production and shipments are expected to go up further.
Additionally, the company buying a 70% stake in the Peak project in
Alaska is also expected to boost volume in 2021. As revenue and
earnings growth remains strong in 2021 due to volume and price
effect, the P/S multiple will also remain high around its current
levels. Thus, the company's outperformance during the pandemic, and
with investors' focus having shifted to 2021, a continued strong
performance outlook for 2021 is likely.
Newmont
Mining
Newmont
Mining (NYSE:NEM) increased
its gold reserves by six million ounces to 94.2 million during 2020
despite facing the challenge of the COVID-19 pandemic. The
company's gold reserves have once again set the bar for the highest
in the industry, replacing 80 per cent of its reserves depletion,
which was above target. Newmont's 2020 reserves were slightly lower
than the 95.7 million ounces recorded in 2019.
The company stated
this was due to divestments of its interest in the Kalgoorlie
Consolidated Gold Mines in Western Australia and Red Lake mine in
Canada. The company also leads in its gold reserves per share at
117 ounces per 1000 shares. Australia holds 20 per cent of
Newmont's gold reserves, with other reserves in North America (35
per cent), South America (33 per cent) and Africa (12 per cent).
Newmont President and Chief Executive Officer Tom Palmer said the
company has shown resilience in the face of uncertainty. "As the
world's leading gold company, Newmont has an exceptional history of
exploration success and a track record of consistently delivering
on our commitments," he said.
In 2020, NEM added
six million ounces of gold reserves overcoming the challenges of an
unprecedented year. Newmont's ability to replace reserves is
underpinned by our disciplined operating model and world-class
portfolio which will support stable production for decades to come.
Newmont has a measured & indicated gold mineral resources 69.6
million ounces, with 31.6 million ounces of inferred gold mineral
resources.
Features to
Look for in a Gold Stock
-
A strong
balance sheet: As
with stocks in general, a strong balance sheet with
consistent earnings per share growth would
qualify a stock for consideration. The balance sheet will also
indicate the amount of cash on hand and the amount of debt
outstanding. A miner needs cash flow to find more gold and to
maintain the gold it holds in reserves, while more cash typically
indicates lower debt.
-
Location of
mining operations: Most investment-grade mining
companies operate multiple mines in their base country, as well as
in other countries where the company owns an interest in mines and
mining operations. Mines operated abroad could be at risk for a
number of reasons, including geopolitical concerns, although most
mining companies work with the governing bodies of the countries
where their mines are located..
-
Solid
operating margins: In the gold mining business,
the better the margins, the higher the cash flow. The margins for
gold miners tend to improve as the gold price trends higher,
thereby fueling further upside in the price of gold
stocks.
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SOURCE: CorporateAds.com