The central theme in this week’s Stockhouse Gold Report is to do away with the notion that a high-returning stock necessarily means that investors have missed their chance to benefit from worthwhile returns.
This article is a journalistic opinion piece which has been written based on independent research. It is intended to inform investors and should not be taken as a recommendation or financial advice.
A gold explorer and developer that combines exponential returns with high-conviction potential is Falco Resources (TSXV:FPC), whose feasibility-stage Horne 5 project in Quebec, expected to produce more than 2 million ounces over 15 years, makes for a compelling proposition for any financiers keen on building one of Canada’s largest gold projects. Falco stock has added 114.29 per cent year-over-year.
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By the ounce
At the time of writing on Wednesday, the price of gold was US$4,410.86, according to data from ADVFN, up from US$4,340.19 per ounce in our September 2nd report, holding steady after an almost week-long downtrend from a US$4,493.15 high.
Investors have been dealing with a pronounced uptrend in the price of oil, as Iran and the United States continue to exchange blows in their bids to control the Strait of Hormuz, leaving the rest of the world to contend with inflationary pressures increasing the potential for higher interest rates.
This week in gold
Storm Exploration (TSXV:STRM), which is advancing its high-grade, district-scale Gold Standard project in Ontario, and Cerrado Gold (TSXV:CERT), a profitable gold producer and polymetallic developer, likewise deserve a mention in terms of their promising futures, with near-term exploration results designed to illuminate the path to further value creation. Both companies, recently the beneficiaries of investments from Eric Sprott, have earned more than 100 per cent returns year-over-year.
International gold, silver and copper producer, Orvana Minerals (TSX:ORV), poured its first gold and silver bar from its restarted Don Mario plant in Bolivia, adding its name to the mix of multi-bagger stocks positioned to stride confidently into the years ahead. The company is backed by profitable operations, strong commodity demand and Don Mario’s ongoing ramp-up to full production. Orvana stock is sporting a 383.93 per cent return year-over-year.
We end our look at prospective and top-performing gold stocks with Gold X2 Mining (TSXV:AUXX), whose fresh NYSE listing promises to bring the company’s preliminary economic assessment-stage Moss gold and silver project, on track to become one of the largest mines in Canada, to a significantly broader investor base. Investors in Gold X2 have collected a 324.28 per cent return year-over-year.
Top trending gold stocks
- New Found Gold (TSXV:NFG) | 16,500+ views.
- Tudor Gold (TSXV:TUD) | 6,400+ views.
- West Red Lake Gold Mines (TSXV:WRLG) | 5,200+ views.
- Monument Mining (TSXV:MMY) | 4,500+ views.
- NorthIsle Copper and Gold (TSXV:NCX) | 3,600+ views.
- Banyan Gold (TSXV:BYN) | 3,000+ views.
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