Gold prices remain near their all-time highs and investors are taking notice. Most gold stocks have already doubled but analysts predict that shares in junior mining gold stocks could go a lot higher. Below is a list of the top gold mining stocks based on their exposure to rising gold prices and exploration potential:
1) RED PINE EXPLORATION (TSX.V: RPX)
Red Pine Exploration is a Canadian precious metals explorer led by an experienced management and technical team. The company's flagship Wawa Gold Project is located in the Wawa gold corridor of Northern Ontario. The property, which comprises 6,753 hectares, is host to several former mines with historic production. Red Pine's Wawa gold project currently hosts a N.I. 43-101 Resource of over 700,000 ounces of gold grading more than 5 g/t, starting at surface.
2) CALIBRE MINING (TSX: CXB)
Calibre Mining is a Canadian-listed gold mining and exploration company with two 100%-owned operating gold mines in Nicaragua. The Company is focused on sustainable operating performance and a disciplined approach to growth. Since the acquisition of the Limon, Libertad gold mines and Pavon Gold Project, Calibre has proceeded to integrate its operations into a 'Hub-and-Spoke' operating model, whereby the Company can take advantage of reliable infrastructure.
3) RUPERT RESOURCES (TSX.V: RUP)
Rupert Resources is a gold exploration and development company listed on the TSX Venture Exchange under the symbol “RUP”. The Company owns the Pahtavaara gold mine, mill and permits covering an area of 425km2 in the Central Lapland Greenstone Belt of Northern Finland. Rupert is targeting mineral occurrences with the potential to become mines with multi-billion dollar valuations and has reported two thirds of the top 30 gold drill intercepts in Europe since January 2019.
4) GALLEON GOLD (TSX.V: GGO)
Galleon Gold is a North American exploration and development company advancing the West Cache Gold Project located in the prolific Timmins mining district of Ontario. The current drill program is focused on expansion and definition drilling of the recently discovered high-grade gold Zone #9 and infill drilling of known mineralized areas. Galleon has initiated baseline and permitting initiatives and is aiming to publish an updated resource and PEA in Q2 2021.
5) TIMBERLINE RESOURCES (TSX.V: TBR)
Timberline Resources is a mineral exploration and resource development company focused on delivering high-grade Carlin-Type gold discoveries. The company’s projects are located within the world-class mining jurisdiction in the famous Battle Mountain-Eureka Trend. Timberline’s flagship Eureka Property encompasses approximately 24 square miles and includes the historic Lookout Mountain and Windfall mines. Lookout Mountain contains a high-grade gold zone as part of a >500K.
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