Are these gold stocks on your watchlist right now?
In 2021, there were numerous lucrative gold stocks to watch. Many of these companies struggled to keep the momentum they had in 2020. This is because, as a result of the epidemic and the collapse of the economy, gold reached a new all-time high last year. Regardless, there are still a lot of gold stocks out there that are doing well in the market right now.
Many gold stocks will increase and fall in tandem with the price of the commodity. As a result, when investing in these mining stocks, it is critical to keep an eye on the price of gold. The current status of the economy, as you may be aware, has helped gold stocks. In fact, the metal’s market price reached a new high last year.
Given everything that has been discussed thus far, you may be perplexed as to which direction gold is headed. It can be bewildering given the market’s high level of volatility. It’s vital to stay up to date on the newest news if you’re an investor. This could include everything from industry news to world news to company-specific news. When investing, it’s also a good idea to consider the volume of a stock. Let’s take a look at three gold stocks that are now on the rise in the market in December.
Top Gold Stocks To Watch
Gold Fields Limited (NYSE: GFI)
Gold Fields Limited is a gold mining corporation with extensive resources and reserves. This company has properties in Chile, South Africa, Australia, Ghana, and Peru. Currently, the firm operates 9 mines that generate 2.2 million ounces of gold equivalent per year. In addition, the company has 51.3 million ounces of gold mineral reserves and 115.7 million ounces of mineral resources.
On December 1st, Gold Fields published a comprehensive set of 2030 targets. This was for its most material environmental, social and governance (ESG) priorities. The aims include a pledge to reduce Scope 1 and 2 carbon emissions by 30%. This is on a net basis and 50% on an absolute basis by 2030. Gold Fields is dedicated to achieving Net Zero carbon emissions by 2050 as a signatory to the Paris Agreement on Climate Change.
The CEO of Gold Fields, Chris Griffith said, “Gold Fields has already made significant progress in many ESG priority areas, and we now have to build on this to meet our commitments to stakeholders and the environment”. Based on this new info, will GFI stock be on your watchlist this month?
New Gold Inc. (NYSE: NGD)
New Gold Inc. is a mineral resource acquisition, development, and management firm. Its major purpose is to identify reserves of gold, silver, and copper. The corporation owns 100 percent of the Rainy River gold-silver mine in Ontario, Canada, and the New Afton gold-copper mine in British Columbia, Canada.
On December 13th, New Gold stated that it had reached a binding deal with Wheaton Precious Metals Corp. to sell the current gold stream at the Blackwater Project in British Columbia, Canada. Artemis Gold Inc. owns Blackwater entirely, with New Gold retaining the gold stream as partial compensation for the transfer of Blackwater to Artemis on August 21, 2020.
President and CEO of New Gold, Renaud Adams said, “This transaction highlights another milestone for New Gold as we continue to surface value from the divestment of the Blackwater Project. The cash payment will provide additional liquidity and financial capacity to New Gold as we continue to execute on our strategy”. Based on this new info, will NGD be on your list of gold stocks to watch?
Eldorado Gold Corporation (NYSE: EGO)
Eldorado Gold Corporation is a company that specializes in mineral resource exploration, discovery, acquisition, development, production, and sale. Gold, silver, lead, zinc, and iron ores are among Eldorado’s primary interests. It now operates five mines: Kisladag and Efemcukuru in Turkey, Lamque in Canada, Olympias and Stratoni in Greece.
On December 15th, the company released updated mineral reserve and mineral resource estimates. The company applied an increase to Inferred Resources as a result of the maiden Inferred Resource at Ormaque announced in February 2021. It also had an increase to Mineral Reserves and Measured and Indicated (“M+I”) Resource at Efemcukuru is attributable to Resource upgrade associated with drilling, mostly at Kokarpinar and Kestanebeleni NW. Amid this new development, will EGO be on your gold stock watchlist?
Best Gold Stocks?
Inflation fears are currently rife in the market. Right now, no one knows how this will affect the market for all mining equities. Despite the fact that the pandemic has subsided in the United States, it is still raging in many regions of the world. Another thing to ponder is what will happen to gold stocks in the future, especially with the presence of the Delta and Omicron varieties. Which companies will you add to your list of gold stocks to watch in December?
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