Will these gold stocks enter your watchlist?
There have been a lot of gold stocks that have risen in value in 2021. The majority of this momentum can be attributed to increased material and metal prices. Gold stocks made news lately when the metal’s price stayed around $1780 per ounce. Nobody knew what would happen to mining stocks in the same timeframe at the start of last year. When March 2020 rolled around, all mining stocks fell along with the rest of the market. However, unlike other sectors, this one was able to immediately rebound in the market.
In 2021, the gold stock market fared quite well. The yellow metal gained value at the start of the year due to increasing gold prices and a positive outlook for the New Year. Since then, gold has retreated significantly. However, many analysts feel that the gold boom is not over. This is proving to be true as gold remains at a comparable price point at the present. Metal prices began to climb when global economies began to contract as a result of COVID. Over a year has now passed. What effect does this have on mining stocks now?
Copper, iron ore, gold, and silver have all been profitable mining areas in recent years. As a result, mining stockpiles relating to the aforementioned commodities have increased. It can be challenging to decide which mining stocks to buy. When investing in this area, recent news, filings, acquisitions, and volume can all be useful. With that in mind, let’s take a look at three gold stocks that could end up at the top of your list.
Top Gold Stocks To Watch
McEwen Mining Inc. (NYSE: MUX)
McEwen Mining Inc., the first gold penny stock, has had an intriguing 2021 so far. McEwen is a mineral exploration business that explores, manufactures, and distributes mineral resources. Silver, gold, and copper are examples of mineral resources. McEwen owns a 100% stake in the El Gallo project, the Fenix project, and the Black Fox mine, among others. These homes can be found in Mexico, Canada, Argentina, and the United States.
Certarus has agreed to provide a cleaner energy solution for mine air heating to McEwen Mining on November 24th. CNG is a high-performance, low-carbon fuel option that saves money and reduces emissions. The versatility of Certarus’ movable decompression and storage equipment not only helps to reduce the mine’s carbon footprint, but it also allows the CNG fueling system to be removed in the summer months when it is no longer necessary for mine air heating.
The Director of Operations at McEwen Mining Canada, Rory Greyvensteyn said, “At McEwen Mining, we are constantly looking for new ways to improve the environmental performance of our operations. With Certarus’ mobile CNG delivery, we have a better option to heat our mines, without having to install and store permanent fuel tanks. We can lower costs, simplify fuel logistics, and reduce our carbon footprint. That’s a big win for our business”. Noting this, will MUX be on your list of gold stocks to watch?
Denison Mines Corp. (NYSE: DNN)
Denison Mines Corp. is a gold stock that just increased 1.2% on December 8th. This is a uranium mining corporation based in Canada. Denison’s primary business is uranium exploration and development. The Wheeler River uranium project in northern Saskatchewan is the company’s flagship project.
On December 2nd, the corporation announced the adoption of an Indigenous Peoples Policy (IPP). This was approved by the Board of Directors, and it demonstrates the company’s recognition of the essential role of Canadian business in reconciling with Indigenous peoples in the country. This is consistent with Denison’s pledge to work toward reconciliation. This was essential for the corporation because it works in a number of places across Canada that are on traditional Indigenous peoples’ territory.
David Cates, the CEO and President of Denison said, “I believe Industry has an important role to play in acknowledging, and building awareness of, the history of Indigenous people in Canada and the critical importance of pursuing the objectives of reconciliation. As such, the adoption of an Indigenous Peoples Policy is a notable step in our Company’s journey to bring reconciliation to the forefront of what we do and how we do it.” Up in the last 6 months, will you consider DNN stock for your watchlist before 2022?
B2Gold Corp. (NYSE: BTG)
B2Gold Corp. is a gold mining penny stock that gained 1.84% on December 8th. This corporation mines gold at three active mines in the Philippines, Mali, and Namibia. The Fekola Mine, Masbate Mine, Otjikoto Mine, and other mines are all operated by the business. It also owns an 81 percent stake in the Kiaka Project in Burkina Faso. B2Gold also owns holdings in Uzbekistan, Finland, and other countries.
The company revealed its gold output and revenue for the third quarter and first nine months of 2021 on October 19th. The Fekola Mine and Otjikoto Mine both set quarterly gold output records, with 165,667 ounces and 68,959 ounces, respectively. Based on the results presented this quarter, Fekola and Masbate’s output guidance has been enhanced. Its total gold production for the first nine months of the year was 742,517 ounces, which was 7% more than the budget.
“The Company’s ongoing strategy is to continue to maximize profitable production from its mines, advance its pipeline of development and exploration projects, evaluate new exploration, development, and production opportunities, and continue to pay an industry leading dividend yield,” B2Gold Corp. stated. Will BTG stock be added to your watchlist this month as a result of this new information?
Top Gold Stocks To Watch
As the globe pushes for the reopening and eradication of the COVID-19 virus at a rapid pace, gold stocks will change dramatically in the near future. The issue is that no one knows what will happen in the following months. That is why, if you are wanting to invest, it is critical to be informed about what is going on in the market. So, which firms will you be keeping an eye on this month in terms of gold stocks?
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