Which gold stocks will be hot in 2022? Analysts at Haywood Securities recently shared a list of companies on their radar right now.
Click here to read the previous gold stocks to watch article.
The first half of 2022 is over, and like most metals, gold has had an interesting ride.
The yellow metal has been caught up in diverse headwinds and tailwinds, with the ongoing COVID-19 pandemic, Russia’s war in Ukraine and the battle against inflation being key factors.
Aggressive rate hikes from the US Federal Reserve have spurred fears of a recession, driving investors to liquidate some of their gold holdings. Going forward, Trading Economics analysts have said they expect “further downside for bullion as investors continue to de-risk due to inflation and growth concerns.”
For those looking for gold stocks to watch, Haywood Securities recently shared a list of the gold-focused companies it believes have the potential to do well in the current environment.
Read on to learn which five gold-mining companies the firm’s analysts chose for their gold stocks list. All share price data listed below was current as of June 13, 2022.
1. Equinox Gold (TSX:EQX,NYSEAMERICAN:EQX)
Current share price: C$6.96
Equinox Gold has a robust project portfolio with assets in Canada, the US, Mexico and Brazil. This includes seven gold mines, as well as a significant pipeline of development and expansion projects. The company's total proven and probable gold reserves add up to 16 million ounces, while measured and indicated gold resources are estimated at 30 million ounces. Equinox expects to produce 625,000 ounces in gold in 2022.
Equinox also offers investors exposure to metals outside of gold through its 30 percent interest in the newly created Sandbox Royalties, a diversified royalty company. Sandbox’s portfolio targets gold, silver, copper, zinc, graphite and uranium properties in mining-friendly jurisdictions in the Americas and Europe.
2. Filo Mining (TSX:FIL,OTCQX:FLMMF)
Current share price: C$22.39
A member of the Lundin Group, Filo Mining is exploring its Filo del Sol copper-gold-silver deposit in Chile's Region III and Argentina's adjacent San Juan province. The resource estimate for the advanced-stage exploration project outlines 4.4 million ounces of gold, 147 million ounces of silver and 3.1 billion pounds of copper.
Drill work on the property is ongoing. Earlier this year, Filo announced a C$100 million strategic investment from BHP Western Mining Resources, which is a subsidiary of BHP (NYSE:BHP,ASX:BHP,LSE:BHP).
3. Osisko Mining (TSX:OSK,OTC Pink:OBNNF)
Current share price: C$3.58
Exploration company Osisko Mining wholly owns the high-grade Windfall gold deposit in the Abitibi greenstone region of Quebec, Canada. The project has a recently updated resource estimate comprised of 210,000 ounces of gold in the measured mineral resource category, 2,994,000 ounces of gold in the indicated mineral resource category and 3,585,000 ounces of gold in the inferred mineral resource category.
Infill drilling is underway at Windfall to better inform a feasibility study expected in the fall of 2022. Once in production, the company believes Windfall could rank among the top 10 gold mines in Canada and the US.
4. Endeavour Mining (TSX:EDV,LSE:EDV,OTCQX:EDVMF)
Current share price: C$27.69
Senior gold company Endeavour Mining is West Africa’s largest producer of the precious metal. It has a portfolio of operating assets in Senegal, Cote d’Ivoire and Burkina Faso that includes a pipeline of advanced development projects and exploration assets in the Birimian greenstone belt across the African nation.
Endeavour’s Q1 production increased 14 percent over the same period in the previous year to total 357,000 ounces of gold. In the spring of 2022, Endeavour announced the launch of construction at its Sabodala-Massawa expansion in Senegal based on a recently completed definitive feasibility study.
5. Gold Royalty (NYSEAMERICAN:GROY)
Current share price: C$3.01
Gold Royalty acquires interests in mining projects through royalties and streams. Currently its portfolio consists of 195 royalties on gold properties located in the Americas.
Gold Royalty’s recent company acquisitions include Abitibi Royalties and Golden Valley Mines; it has also snapped up royalties on IAMGOLD’s (TSX:IMG,NYSE:IAG) Côté gold project, as well as expanded royalties on Monarch Mining’s (TSX:GBAR,OTCQX:GBARF) Beaufor mine. In 2022, the company began paying a quarterly dividend.
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Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.
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