What makes one of the best gold stocks to watch? In my opinion, a strong sector, proper market timing, positive momentum, and potential for growth. While some stocks in 2020 saw short-lived runs, some of the biggest and most consistent moves came from gold penny stocks. It all began as the economy started slowing down across the globe and recessionary fears started to grow. At the beginning of the year, we issued our first Gold Stock Alert: IMC International Mining (OTC: IMIMF) (CSE: IMCX).
At that point, the focus on IMC International was on its smaller claim in the U.S. but it was also during a time where safe-haven gold stocks gained more attention in the market. Then we saw things get exciting for IMC International with the pending acquisition of a new location in British Columbia.
Finally, on April 2, IMC International Mining (OTC: IMIMF) (CSE: IMCX) officially announced the closing of this long-awaited, multi-million-dollar acquisition of Thane Minerals and what IMC believes to be a promising property, Cathedral in northern British Columbia. Over the last 3 weeks, we’ve watched as IMC International executed on milestone after milestone and management kept the public updated along the way with frequent shareholder conference calls.
IMC International Mining & A Big Win For Members
On top of that, we saw one of the most epic rallies among all gold stocks this year. When we started watching the company on January 8th it was only trading in Canada. IMCX opened at $0.25CAD in Canada. At the end of January was when we saw the start of the U.S. listing, IMIMF with shares also starting off at $0.25USD. Over these last few months of trading, informed members and readers alike have watched as this junior gold exploration stock soared to highs of $0.73USD (IMIMF) and $1.00CAD (IMCX).
This marked a run of 300% for IMCX and more than 190% for IMIMF so far! Even as of the close on April 21, this gold stock is up more 228% and 136% respectively since we first reported on the company. So, for all of our members and readers, congrats! This latest focus and stock alert was a big one and, not to mention, it hasn’t been any fly-by-night alert either.
What Have We Seen So Far?
Besides a big win in April for our readers, IMC International has been laying the groundwork for exploration of its newly acquired Cathedral property:
Following the acquisition, current Chairman Greg Hawkins and CEO Brian Thurston explained they wanted to get the ball rolling on exploration but I’m sure not many expected it this quickly. IMC International brought on CME Consultants to begin its geochemical program and about a week later announced that rock and soil samples were sent off for lab testing.
Now the clock is ticking to see “what’s next” when it comes to these results. As gold continues to find its new base, we’ll make sure to keep our readers updated on any new developments with IMC International Mining.
For now, congratulations on a big win and stay tuned for more. If you haven’t done so yet, make sure to subscribe for real-time text alerts. Text GOLDSTOCKS to 63566 now and if you’re a reader not yet subscribed to our newsletter, subscribe today!
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