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Why should investors look at gold stocks?
- Gold as a commodity is stable. It’s not volatile.
- Opportunities to buy gold stocks as a growth stock. Eg, $NST, $EVN,
Why should investors look at gold stocks?
Gold stocks are known for their stability and high returns.
There are 171 Gold companies on the ASX. Gold miners are companies that are mining or producing gold. Not all mines are created equal! It’s essential to know each mine, the quality of the ore, the production capacity and quality of it’s management. Single mine risk is real.
Northern Star Resources is a global-scale gold producer with world-class projects located in highly prospective and low sovereign risk regions of Western Australia and the Northern Territory.
Evolution Mining Limited (ASX:EVN) owns and operates five gold operations and is a producer. It become the second largest ASX listed gold miner.
1. | ASXNST | Northern Star Resources Limited | 19.54B | $16 | .42 | |
2. | ASX:EVN | Evolution Mining Limited | 9.69B | $4 | .65 | |
3. | ASX:NEM | Newmont Corporation | 8.29B | $63 | .68 | |
4. | ASX:PRU | Perseus Mining Limited | 3.56B | $2 | .505 | |
5. | ASX:DEG | De Grey Mining Limited | 3.28B | $1 | .30 |
source: listcorp
Many! Big ones include Northern Star Resources (NST), Evolution Mining (EVN), Ramelius Resources (RMS) and Regis Resources (RRL) and they’re just the ones we cover.
In our small cap report: Issue 624 on 31 October 2024 our analyst said: “Gold miners don’t need the gold price to keep going up. What we’re looking for is production growth.”
The price of gold determines the profitability of gold producers and the economic viability of gold explorers. Gold above ground is equivalent to cash in the bank. Below ground it gets more complicated. This is where we come in.
Our analyst team give regular gold reports to our small cap members! Our latest special report is in Issue 624.