Gold prices have been on a tear for much of the year. If the worldwide economic uncertainties continue, then it is a fair assumption that the price of the precious metal could keep rising. However, the continued rise in gold prices is a blessing for those who are looking to invest in gold mining stocks.
If the price of the metal keeps rising then those companies will also post higher revenues and hence, it is worthwhile taking a look at these three gold stocks.
The first gold stock to perhaps add to the watch list is that of Canadian firm Equinox Gold Corp (TSE:EQX). Earlier this week, the company announced that it is all set to acquire its rival Leogold Mining Corp in a deal worth $578.38 million.
It is a significant deal for Equinox and will lead to major consolidation in the market, which is why the deal has been welcomed by the stock market as well. On Tuesday, the Equinox stock rose by as much as 5% and has emerged as one of the gold stocks to watch over the coming days.
The other gold stock that could be on the radar of many investors is the Coeur Mining Inc (NYSE:CDE). The company provided its exploration for 2019 on Tuesday and it is likely that keen market watchers are going to go through it minutely.
The company announced that positive results are being delivered at the Palmarejo property by way of the Guadalupe and Independencia deposits. On the other hand, oxide gold assays have been discovered at Sterling and Crown properties. These are the main highlights of the report.
Gold Resource Corporation
Last but not least, Gold Resource Corporation (NYSE:GORO) is another gold stock that is worth the consideration for investors. The stock has made rapid gains in December so far and risen by as much as 16.5%. On December 11, the company made another announcement that could have far-reaching results on its stock. It announced that it had further expanded the Mirador Mine with as many as 15 exploration drill holes.