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Gold Prices Expected to Surge: Four Mining Stocks to Watch in 2025

Burstable News - Business and Technology News March 10, 2025
By Burstable News Staff
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Gold Prices Expected to Surge: Four Mining Stocks to Watch in 2025

Summary

As gold prices potentially climb to $3,100 per ounce by year-end, driven by economic uncertainties and inflation, key mining companies like Sidney Resources, Newmont, Kinross, and Barrick Gold are positioned to benefit from the precious metal's strong performance.

Full Article

Gold's remarkable trajectory continues in 2025, with Goldman Sachs predicting the precious metal could reach $3,100 per ounce, driven by complex economic factors including potential inflationary pressures and global trade tensions.

Four mining companies stand out as potentially significant beneficiaries of this bullish gold market. Sidney Resources, with its expansive Warren Project in Idaho, has secured over 4,500 acres and demonstrated impressive ore grades, including gold concentrations of 10.2 oz/ton and silver at 42.2 oz/ton.

Newmont Corporation, the world's leading gold company, reported a strong financial turnaround with $1.4 billion in net income and $2.9 billion in free cash flow for 2024. The company strategically divested non-core assets, generating $4.3 billion in pre-tax proceeds while maintaining 134.1 million attributable ounces of gold mineral reserves.

Kinross Gold Corporation showed robust performance with a 21% year-over-year revenue increase, reaching $5.14 billion in 2024. The company maintains a stable production outlook of approximately 2 million attributable gold equivalent ounces through 2027.

Barrick Gold Corporation, despite slight revenue shortfalls, exceeded gold production estimates at 1.08 million ounces. Notably, the company's president recently purchased $5.9 million in company stock, signaling confidence in future performance.

The current gold market presents a complex landscape of opportunity, with mining stocks potentially offering significant value as gold prices continue to climb amid economic uncertainties.

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