AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
Highlights
- New Found (TSXV:NFG) focuses on gold properties located in Labrador, Ontario and Newfoundland.
- Artemis Gold (TSXV:ARTG) has different gold development projects, and it mainly holds interests in the Blackwater Gold Project.
- Rupert Resources (TSXV:RUP) works on a multi-million-ounce Ikkari gold deposit
Investing in stocks is of the main ways people choose to earn quick money. However, this does not mean that investing in an equity market always helps you make gains.
As the stock market is volatile, there's always a risk of losing money. Generally, gold is considered a haven for investors as its value has increased over the years.
Those who don't want to invest in gold directly often invest in the stocks of companies involved in exploring and developing precious metals.
If you are an investor looking for gold stocks, you may consider exploring this article further. Let's look at three TSXV-listed gold stocks and find out if you should consider them.
New Found Gold Corp. (TSXV:NFG)
The Canadian metals & mining company focuses on gold properties located in Labrador, Ontario, and Newfoundland. New Found Gold Corp. explores minerals, and its main focus is to develop and explore the Queensway Project in Newfoundland.
Last year in November, New Found Gold Corp. announced that it closed the acquisition of three royalty interests. Notably, the mining company ended fiscal 2021 with a market capitalization of about C$ 1.36 billion, representing an increase of 132 per cent year-over-year (YoY).
New Found Gold is expanding its business operations, and last year it increased the current program from 100,000m to 400,000m by increasing the drill count from four to 10 drills.
As of December 31, 2021, the company had C$ 100.5 million in cash compared to C$ 47.7 million in 2020. The worth of total assets increased to C$ 148.1 million in 2021 from C$ 73.5 million in 2020.
©2022 Kalkine Media®
Artemis Gold Inc. (TSXV:ARTG)
The Vancouver-based company has different gold development projects, and it mainly holds interests in the Blackwater Gold Project and the GK project located in British Columbia.
On December 13, 2021, Artemis said that it entered a definitive agreement with Wheaton Precious Metals Corp. The agreement was regarding the company's Blackwater Gold Project in British Columbia, and Wheaton agreed to acquire Artemis' existing gold stream, which New Gold previously held.
Also Read: EMO, ODV, and DSV: 3 TSXV precious metals stocks to buy?
As of December 31, 2021, the cash and cash equivalents increased to C$ 131.4 million from C$ 51.8 million in 2020.
Rupert Resources Ltd. (TSXV:RUP)
Rupert Resources works on a multi-million-ounce Ikkari gold deposit and regional discoveries in the company's project in Northern Finland.
On March 10, the company said that Agnico Eagle, a mining company exercised warrants issued by Rupert in 2020.
The company acquired 11.5 million common shares for gross proceeds of C$ 11.5 million to Rupert Resources.
For the nine months ended November 30, 2021, Rupert had C$ 49.3 million in cash. Meanwhile, the drill program for 2022 increased from 62,000 to 80,000, and there are six active rigs now.
The company also has activities planned at five different target areas this year, including the Ikkari gold deposit.
Also Read: American Lithium (LI) and Frontier (FL): 2 TSXV lithium stocks to buy
Please note, the above content constitutes a very preliminary observation or view based on digital trends and is of limited scope without any in-depth fundamental valuation or technical analysis. Any interest in stocks or sectors should be thoroughly evaluated taking into consideration the associated risks.
