Gold’s recent move past US$3,000 per ounce to an all-time-high has the average investor interested in the precious metal for the first time since the Global Financial Crisis. The metal’s appeal as a safe-haven investment, which I explored in a recent three-part series, offers a strong case for enduring over the long term.
This makes it high time to highlight gold mining stocks whose underlying operations have arguably yet to reflect their full potential for value creation. Here are three names worth adding to your watchlist, each of which joined Stockhouse for an interview over the past week:
G Mining Ventures
G Mining Ventures is an acquirer, explorer and developer of gold projects that reached commercial production at its Tocantinzinho mine in Brazil in September 2024, which generated just over 40,147 ounces in Q4 2024 and 63,566 ounces in fiscal 2024. The property is estimated to house over 2 million ounces proven and probable, representing over US$6.2 billion in the ground as of 2:11 pm ET.
As stated in the company’s 2024 financial results, management sees a path to surpassing 500,000 ounces in yearly production through the development of its Oko West project in Guyana and Gurupi project in Brazil. The former boasts an after-tax net present value (5 per cent) of US$1.4 billion at a base case gold price of US$1,950 per ounce, with average annual production estimated at 353,000 ounces for 12.7 years. The latter houses an NI 43-101 resource of 1.83 million ounces of gold indicated and 0.77 million ounces inferred last updated in February 2025.
Given G Mining’s ambitions to grow production by nearly 10x and Tocantinzinho’s cash flow yet to prove itself to the market, with only one quarter under its belt, the stock (TSX:GMIN) actually looks cheap, despite adding over 450 per cent since taking full ownership of Tocantinzinho in 2021. Shares last traded at C$18.74.
Louis-Pierre Gignac, G Mining Ventures’ president and chief executive officer (CEO), spoke with Stockhouse’s Lyndsay Malchuk about the company’s Q4 2024 and full-year results. Watch the interview here.
Astra Exploration
Another gold stock that appears to be trading at a discount to its potential is Astra Exploration, an explorer active on two high-quality projects in Latin America. Here’s a breakdown:
The 56-square-kilometre La Manchuria project in Santa Cruz, Argentina, optioned to acquire up to a 90 per cent interest, hosts a high-grade gold and silver epithermal deposit in the Deseado Massif, Argentina’s biggest gold and silver producing region. The region generated about 1 million gold equivalent ounces in 2022 thanks to world-class deposits such as Cerro Vanguardia and Cerro Negro. Previous drilling at La Manchuria yielded 10.4 grams per ton (g/t) gold and 810 g/t silver over 20.5 metres, as well as 257 g/t gold and 4,237 g/t silver over 1.6 metres, among other high-grade intercepts.
The 100 per cent owned, 38-square-kilometre Pampa Paciencia gold and silver project in Chile resides near major producing mines, including Spence and Sierra Gorda, and shares numerous geological similarities to epithermal gold-silver deposits such as Faride and El Peñón. Previous exploration highlights from Pampa include 93.3 g/t gold and 301 g/t silver in surface rock chip samples and 7.71 g/t gold and 46.58 g/t silver over 3.75 metres in drilling.
With high-grades meriting follow-up for potential expansion across its portfolio, management sees ample exploration upside ahead, positioning investors to benefit from positive news flow in the earliest stages of delineating potentially district-scale mineralization.
Investors are beginning to come around to this thesis, with Astra Exploration stock (TSXV:ASTR) almost doubling year-over-year, though it remains down by 23.33 per cent since listing in 2022. Shares last traded at C$0.23.
Brian Miller, Astra Exploration’s CEO, spoke with Lyndsay Malchuk about an upcoming fully funded drilling program on the La Manchuria project. Watch the interview here.
Cascadia Minerals
Closing out this week’s picks is Cascadia Minerals, a junior copper and gold miner active in the Yukon and British Columbia with a wealth of leads towards identifying economical mineralization.
The company’s flagship Catch property in the Yukon hosts a 5 km-long copper and gold porphyry discovery where inaugural drilling yielded 116.60 metres of 0.31 per cent copper with 0.30 g/t gold and rock samples graded up to 3.88 per cent copper, 1,065 g/t gold and 267 g/t silver.
Catch is complemented by the Macks, Milner, Rosy and Idaho Creek properties, all featuring multi-kilometre anomalies and/or encouraging exploration results indicative of untapped mineralization.
The company will be advancing its entire portfolio in 2025, rapidly generating catalysts to close the gap between the stock and gold’s recent ascent.
Cascadia Minerals stock (TSXV:CAM), de-risked by its largest shareholders Hecla Mining, Michael Gentile and Barrick Gold, has given back over 50 per cent since listing in 2023.
Graham Downs, Cascadia’s president and CEO, sat down with Lyndsay Malchuk to discuss the company’s 2025 exploration plans. Watch the interview here.
Thanks for reading and I’ll see you next week for a new edition of my Weekly Market Movers. Here’s last week’s article, in case you missed it.
Join the discussion: Find out what everybody’s saying about these gold mining stocks on the G Mining Ventures Corp., Astra Exploration Inc. and Cascadia Minerals Ltd. Bullboards and check out Stockhouse’s stock forums and message boards.
This is sponsored content issued on behalf of G Mining Ventures Corp., Astra Exploration Inc. and Cascadia Minerals Ltd., please see full disclaimer here.
(Top image, generated by AI: Adobe Stock)
