10 More Gold And Silver Producers For 2019
Summary
All have large resources and solid production numbers.
All are highly leveraged to higher gold/silver prices.
All are in good locations and have quality management teams.
All have good balance sheets and cost structures.
In my previous article, I listed 15 gold and silver producers. These were the stocks that I thought would perform the best in a rising gold/silver price environment. It was inevitable that I would leave out some stocks that deserved to be included.
This article adds 10 more gold and silver producers, although with a bit different criteria:
- Solid producing properties in good locations.
- Good balance sheets and costs structures.
- Quality management teams.
- Significant upside potential.
- The likelihood to perform well if gold and silver prices rise.
This list has lower risk than the list in my previous article and lower overall upside potential. These companies also have better balance sheets and cost structures...
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Conclusion
Which stocks on this list would I buy first? Or, how would I rank them? That's probably a question you have. Below is my ranking.
The two stocks on this list that are most attractive to me are Guyana Goldfields and Premier Gold Mines. Both of these stocks could have been on the previous list. The other stocks are pricey if you are looking for large gains. However, if you are looking for stocks that are going to double or triple in value, then any of these accomplish that goal.
Here is my ranking:
- Guyana Goldfields
- Premier Gold Mines
- Hochschild Mining
- Fortuna Silver
- Alamos Gold
- Endeavour Mining
- Detour Gold
- Wesdome Gold Mines
- Dundee Precious Metals
- Semafo Inc.
Other than Guyana Goldfields and Premier Gold Mines, all of these stocks have similar upside potential based on future cash flow potential versus their current market cap. Similar stocks are almost impossible to predict which management teams are going to execute the best. For this reason, I usually just buy them all, unless they have a red flag that I am not comfortable with.
Learning how to spot the red flags is what makes you a good investor. The main red flags that get my attention are location, management, limited upside potential, high costs, poor balance sheet, and a short mine life.
As a reminder, I never have more than 3% of my cost-basis allocated to a single stock and prefer to keep it at 1% or lower. For the stocks on this list, which I consider quality stocks, I am comfortable with 1% allocation.
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