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Highlights
- Greatland Gold announced the commencement of drilling activities at its wholly-owned Scallywag licence.
- Eurasia Mining announced the successful commissioning of three plants at the West Kytlim project and completed additional drilling at the Nyud project in collaboration with the Rosgeo JV.
Gold has been long regarded as a safe haven for investments in case of market downturns. Many investors have gained exposure to gold by purchasing stocks of companies engaged in the exploration and mining of gold. One of the major benefits of investing in gold stocks is protection against inflation. In addition, it offers strong asset appreciation for the long term and good financial cover in case of macroeconomic and geopolitical uncertainty. Resumption in mining activities and reopening of the economy have been key in driving investor interest in precious metal stocks.
Here we take a look at 2 AIM 100 index-listed gold stocks that investors can add to their portfolio for the long term.
Greatland Gold Plc (LON: GGP)
Greatland Gold is engaged in developing and exploring tier-one gold-copper deposits. Recently, the company announced the first set of drill results from its preliminary 2021 drill programme at the Juri Joint Venture in collaboration with Newcrest Mining Limited, located in Paterson province, Western Australia. In August 2021, the company announced the commencement of drilling activities at its wholly-owned Scallywag licence.
In July 2021, Greatland Gold - the joint venture owner of the Havieron gold-copper project announced an update of drilling activities with seven new drill holes through its Growth Drilling programme, with all holes reporting significant mineralisation.
The shares of Greatland Gold traded at GBX 19.15, up by 0.31% at 8.03 AM on 7 September 2021. The shares of the company gave a return of 14.97% in the last one year to shareholders, and the market cap stood at £756.83 million.
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Eurasia Mining Plc (LON: EUA)
Eurasia Mining is engaged in the production of platinum, palladium, rhodium, gold, and iridium. The company’s mining operations are primarily based in Kola and Urals assets in Russia.
In August 2021, Eurasia Mining announced the successful commissioning of three plants at the West Kytlim project. Recently, the company also completed additional drilling at the Nyud project in collaboration with the Rosgeo JV.
The shares of Eurasia Mining traded at GBX 34.25, down by 3.52% at 8.02 AM on 7 September 2021. The shares of the company gave a return of 50.93% in the last one year to shareholders, and the market cap stood at £998.26 million.
