Gold Stocks Continue To Hold A Bright Spot Light In Q4, 2019
Gold stocks have been some of the biggest gainers this year. That has been due to the overall instability in the global markets. Thousands of investors have, instead, gone for safer assets like gold in order to preserve capital at this point. Last week, there was a bit of a rally in the precious metal and that has again brought the focus back on gold mining stocks.
The rise in gold prices means more revenues for those companies and here is a look at three gold stocks.
Top Gold Stocks To Buy [or sell]: Vista Gold (VGZ)
The first gold stock to take under consideration is that of Vista Gold Corp. (VGZ Stock Report). VGZ stock has been on a roll for the past two weeks gaining as much as 48%. In early November, the company amended its existing net smelter return agreement with PT Masmindo DWI Area. This was actually signed back in December 2013. By virtue of the amended agreement, Masmindo will be able to cancel Vista’s royalty for the Awak Mas gold project if it so chooses.
This caused the late Q4 tumble in the stock. But since bottoming out around Thanksgiving, the market has reversed course. Thanks to rising gold prices and increased attention on mining companies, Vista has benefited.
Top Gold Stocks To Buy [or sell]: Comstock Mining (LODE)
The other promising gold stock is that of Comstock Mining Inc (LODE Stock Report). Shares of this mining stock have made significant gains since the end of November and has emerged as one of the top gold stocks to watch in the 4th quarter. Back on November 25, the company had provided an important update with regard to its strategy going forward.
Earlier on in 2019, Comstock decided to concentrate on lucrative precious metal activities. Last month it announced that it is in a position to unlock significant value for shareholders.
- Time To Buy Gold Stocks After Lates Surge?
- Gold Stocks: 5 Bullish Cases & How To Stay Ahead Of The Trend in 2020
- 3 Gold Stocks to Watch Making New Highs This Month
“Our focus on realigning, transforming and investing into the Company is driven solely by our desire to reposition the Company, and its balance sheet, to deliver the maximum equity value from our existing assets and technology.”Corrado De Gasperis, Executive Chairman and CEO of Comstock Mining
“These opportunities and value propositions from our entire, hard-asset and clean-technology platform and existing mineral resources are the result of years of hard restructuring, repositioning and developments that we are now capitalizing on.”
Top Gold Stocks To Buy [or sell]: Alio Gold (ALO)
The other gold stock to watch out for it’s the Alio Gold Inc (ALO Stock Report). The company gave its projections for 2020. Alio announced that it expects to produce 75000 to 85000 ounces of gold in the year. In addition to that, the projected operating costs for the same fall between $1150 & $1250 per ounce.
Last month, the company had also settled the dispute about royalty payments with Maverix Metals Inc. Alio paid out a $300,000 one-time cash settlement. Its new loading and haulage fleet is nearing full commissioning according to the company as well. “We are seeing our ore stacking rates steadily increasing, as per our plan. The second heap leach pad is under construction and remains on-budget and on-time for completion in the second quarter of 2020,” stated Mark Backens, President and CEO of Alio Gold.
“With San Francisco now in residual leach, activities at Ana Paula curtailed, and corporate expenses greatly reduced, we are very well positioned to deliver for all our stakeholders. Over the coming year, we will continue to focus on driving safe, profitable performance at Florida Canyon and explore several intriguing options to enhance its current mine-life, as well as pursue opportunities to realize value from our other assets.”
Midam Ventures, LLC | (305) 928-8939 | 1501 Venera Ave, Coral Gables, FL 33146 | firstname.lastname@example.org