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- The TSX benchmark index rose by 128.13 points to 19,270.85 at market close on September 2, primarily supported by these gold stocks
- B2Gold said that its total gold production amounted to 223,623 ounces in Q2 2022, denoting a six per cent increase from Q2 2021
- Kinross Gold noted metal sales worth US$ 821.5 million in Q2 2022, high from US$ 707.9 million in Q2 2021
The TSX benchmark index, which had been falling for the consecutive five-session, rose by 128.13 points to 19,270.85 at market close on Friday, September 2, primarily supported by a rally in yellow metal stocks. Generally speaking, gold stocks are known among investors as an equity alternative to widening their exposure to the gold commodity.
Gold prices were US$ 1,712.9 per troy ounce on September 6, reflecting a drop of 0.6 per cent. Market dynamics in the near term may continue to be volatile as investors await the Bank of Canada's interest rate decision. However, cheap gold stocks could be worth exploring despite the current environment.
On that note, let us discuss the following six gold stocks, picked by Kalkine Media®, that one can consider amid the current market environment.
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