(MENAFN- Baystreet.ca) 2019 is already ontrack to be a major win for gold investors, and it's not likely to slow downanytime soon.
The global economy is looking increasingly dangerous…
Just as Goldman Sachs is saying that ‘peak gold' may be right around thecorner.
Stock markets are beginning to look less interesting for savvy investors…
And a ‘perfect storm' for gold is already forming.
The biggest winners though?
Gold miners.
More specifically: miners who meet a specific but simple criterion…
1) They've got a tech edge
2) They've got aproven team
3) They've got theresources in the ground and the skill to bring them out.
New technology isn't just unlocking new gold veins… it'salso rediscovering legendary gold hotspots such as the Klondike or JuliusCaesar's gold in Romania. And only a few teams have the experience andknow-how to dig it up.
With gold prices on the rise, gold miners are gearing up for what could becomean unforgettable 2019.
Here are 5 stocks to keep an eye on as you get into the gold game:
#1 Pretium Resources ( NYSE:PVG,TSX:PVG )
Canadian Pretium Resources is one of the most exciting growth stories in thegold space.
Pretium is sitting on top of a diverse portfolio of precious metal propertiesthroughout the United States, Canada, and Mexico. Itsprized mine, however, is Brucejack mine in British Columbia, which is fullyowned by the company. A 2016 estimate estimated the total gold reserves of Brucejackat 8.7 million ounces. At today's gold prices that's no less than $11.3billion.
Over 154,484 ounces of gold was unearthed in its firstsix months at this 2,700 ton-per-day high-grade gold mine. Now, Brucejack isaveraging nearly 13 grams of gold per ton of rock mined, a very modest outputthat is allowing Pretium to keep their all-in sustaining costs well below the global gold miningaverage .
In terms of exploration, Pretium has administered comprehensive geologicalsampling in the vicinity (15-30km) of the mine and has unearthed deposits withgrades as high as 19.25 grams of gold per ton.
Long term, investors are excited by the 100 percent company-owned snowfieldproperty. In addition to porphyry-style gold and gold-copper deposits, the exciting-and reliable- property also benefits from molybdenum and rheniummineralization.
#2 Euro Sun ( TSX:ESM , OTCMKTS:CPNFF )
Euro Sun has captured an asset of immense value: a Romaniangold mine that was first proven one hundred years ago.
The Ancient Romansexcavated $16.8 billion at today's prices in gold from this area of Romania,minting coins that were scattered across an empire 11 million square miles insize.
Modernresearchindicates that Europe still has billions in gold lockedaway, with hundreds of mines sitting around just waiting for re-activation.
The problem? Acquiring permits can be labor-intensive andsometimes impossible, thanks to EU regulation.
Back when permits wereavailable, Barrick Gold (NYSE:ABX), the world's most valuable gold miner, gotin on the action:the company pumped in $20million to develop Rovina.
Now Rovina is owned by Euro Sun… and Euro Sun has done theimpossible... it just got its hands on a mining permit.
The Rovina mine has been classified as a "highly scalable"asset, with an immense growth potential, according to Cantor Fitzgerald.
Mines like Rovina are hard to come by, even though the areais rich in ore.
And Euro Sun ( TSX:ESM ,OTCPK:CPNFF )has gotten around its toughest problem - acquiring the licenses it needs to startdeveloping Rovina's full potential.
Industry experts like GMP and Cantor Fitzgerald agree that Euro Sun is significantlyundervalued. Cantor Fitzgeraldhas deemedEuro Sun's short-termtarget to be $2.10 - a huge increase from its current price. If this sounds toogood to be true, just wait: GMPestimatesEuro Sun's value couldbe $2.70, an increase of a whopping 671%.
Right now, in large part thanks to the sorry state ofthe small mining stock market, Euro Sun is a penny stock. But that could changeat any moment.
With such a huge find ready for the taking, this could bethe gold story of 2019.
Plus, any small move on the gold market could potentially acceleratethe company's rise… from 5x to 10x to even 30x its current market cap.
#3Alamos Gold Inc. (NYSE:AGI, TSX:AGI)
Next on the ‘gold stocks to watch' list is Canada-basedAlamos Gold Inc., a mid-tier gold producer that owns four fully functional goldmines in Ontario and Canada.
Apart from their gold mines in Canada and Mexico,Alamos owns additional development projects at home in Manitoba, Canada withits Lynn Lake project, in Mexico with La Yaqui and Cerro Pelon, an extension ofthe Mulatos Mine, and even as far-flung as Turkey, where it owns theKirazli, Agi Dagi, and Camyurt development projects.
Its Kirazli project is especially significant as the company recentlyreceived a key operating permit from the Turkish Department of Energy andNatural Resources…
This massive development will permit Alamos to scale up construction, with thegoal of kicking off initial production at the mine by the end of 2020. This isexciting news because Kirazli's probable reserves sit at10,078,000 ounces , or approximately $13billion in revenue for the company.
Additionally, AlamosGold alsoclosed a major deal with MetallaRoyalty and Streaming , securing $8 million in Metalla shares in a sale of 18 royaltieson assets not owned by Alamos. The deal means that Alamos will now own 6.26% ofMetalla.
Alamos' growing portfolio and key partnerships make it an interesting stock towatch for goldbugs and stock market investors alike.
#4 Osisko Gold Royalties Ltd. (NYSE:OR, TSX:OR)
This Canadian company boasts an exceptional portfolioofassets spread across the globe ,with plenty more royalties and exploration in development.
Osisko Gold Royalties is now being watched very closelyby investors who have zeroed in on a telling deviation amid the vast amounts ofdata available on all publicly traded companies - you see, the key tosuccessful trading is not having just access to the information, but knowingwhat exactly to look for and what to make of it.
In this case, themovement that has caught the market's eye is that the firm's Mesa AdaptiveMoving Average (MAMA) has moved above the Fractional Adaptive Moving Average(FAMA). In layman's terms: there is potentially some major upward mobility inOsisko's near future.
With its investors feeling bullish about Osisko'sprospects, the company's stock has climbed at a healthy clip over the lastyear. To get into the nitty gritty, " shares have moved 6.53% over the past 4-weeks, 58.50% over thepast half year and 25.48% over the past full year ."
Osisko is a smart, low-risk investment thanks to its consistentgrowth and impressively reduced debt. Investors who were lucky enough to gettheir hands on Osisko stock in the last quarter of 2018 will be the first totell you what a rewarding buy it is.
#5 IAMGOLD (NYSE:IAG,TSX:IMG)
The last stock to watch of the group,but absolutely not the least, is Canada-based IAMGOLD. The enthusiastic youngcompany is a budding mid-tier gold miner that looks like it's on track tobecome a major in the gold mining industry.
Sure, the company has withstood somerecent setbacks, first by postponing its Cote Gold project and now by revealinga plan to lay off 32% of the workers at its Westwood mine. These moves,however, have kept stock prices appetizing and set the company up for a major bounceback.
Many traders are stillbullishonIAMGOLD, expecting continued growth from the ambitious company.
The company originally amassed a fairbit of hype when it produced some 214,000 ounces in Q1 2017 thanks to itssuccessful operations in South America and Africa. Now,this past June, IAMGOLD closed a new and a momentous deal with Japanesecommodity giant Sumitomo, which will result in the development of a new Ontariogold project.
Right now, is the perfect time forinvestors to get involved with IAMGOLD as the buzz wears off but theprojections are rock solid for this quickly-growing commodity.
Othercompanies to watch as traders turn bullish on gold…
KinrossGold Corporation (NYSE:KGC, TSX:K)
Kinross Gold Corporation is relatively new on the scene, founded in the early90s, but it certainly isn't lacking drive or experience. In 2015, the companyreceived the highest ranking of any Canadian miner in Maclean's magazine'sannual assessment of socially responsible companies.
While Kinross posted a significant loss in the fourth quarter of 2018, thecompany is making strong moves to turn around its earnings, including thehiring of a new CFO, Andrea S. Freeborough.
"Andrea'ssuccessful track record at Kinross and throughout her career, includingaccounting, international finance, M & A, and deep management experience,will be an excellent addition to our leadership team," said Mr. Rollinson. "Wehave great talent at Kinross and succession planning is a key aspect ofretaining that talent for the future success of our Company."
By. Meredith Taylor
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