Why the WORST gold stocks are SKYROCKETING right now

In this video I explain why the worst gold stocks are skyrocketing right now, while at the same time, some of the best gold stocks are barely moving.
In this video I cover:
Equinox Gold (EQX)
Barrick Gold (GOLD)
B2Gold (BTG)
Agnico Eagle Mines (AEG)
IAMGold (IAG)
Sandstorm Gold (SAND)
Wheaton Precious Metals (WPM)
Alamos Gold (AGI)
Newmont Mining (NEM)
Gold Fields (GFI)
Never make any investment decisions based on my videos. This sector is very risky and this should not be considered investment advice. Always do a lot of your own research before investing your hard earned money.
#miningstocks #goldstocks #gold

[@MiningStockMonkey]

Want to see what I'm doing with my own money? Check out my newsletter: miningstockmonkey.com/products/vip

[@imtryinghere1]

Based on this channel, i am putting all of my money into blue shirts and hair products

[@taktaktak0214]

You need to buy a white board as well😊

[@jeffreygoss8109]

I went long dry erase pens and shorted straight edges 😀

[@MiningStockMonkey]

You guys crack me up 😂😂

[@jeffreygoss8109]

@@MiningStockMonkey bro, you do a good. Thank you.

[@kevinsmith-uw4mj]

Best investing advice ever

[@longgowhereto]

The leverage effect is not new, but the who is who info is great. There is an elderly man in Omaha who says: "Pay 50 C for a Dollar and you get rich". I like your style, sir.

[@sharktoothdiver]

As usual, great video. Glad I found you a few videos ago. Keep up the good work. Thumbs up. One of the better blogs worth watching among way too many. You are replacing some I'm tired of. Congratulations. We only have so much time. You pack a lot of info in, in a short blog. Good job!!!

[@user-rr3vn8lx3y]

I really like this channel. Went back and looked at the older videos. Really good stuff. If you can I'd like to see something on Sibanye. Seen some insider buying. Platinum and Palladium is not liked much right now. Trades below book value

[@MiningStockMonkey]

Thanks for the suggestion!

[@whereverwemayroam111]

Nice video keep them coming

[@beginnerfx1784]

Great video. Do you have any opinions on Calibre mining corporation?

[@johnguzzi5275]

I would love to see your analysis on NFGC. I think you do a pretty good job and I wonder if there’s anything I missing. Eric Sprout was very big on them having lots of metal and very very low cost of gathering because it was close to the surface.

[@thebarryman]

He did a video on them a few weeks back

[@thejokerspeaks]

Interesting video. I tend to look at liabilities/assets when considering debt, though I am a newer trader. Since SAND and AGI have about the same %, are you looking at the type of debt, or debt to revenue?

[@MiningStockMonkey]

Good question! I was looking at several different metrics: debt to equity ratio, interest coverage ratio, debt to free cash flow as in how long it would take to pay off the debt with current free cash flow

[@thebarryman]

I actually figured this out on my own...after thinking about your last EQX video for a few weeks 😁. Good stuff Jordan! To me the easiest way to think about it is how much more profitable a company is with the same move in gold. If a company only makes $5 of profit per ounce sold, and the price of gold goes up by $5, their profit margins 2x, whereas the same move in gold price wouldn't matter at all for a producer with low costs!

[@Rockfordfiles122]

I like these videos.

[@PardonMyEnglish]

Interesting phenomenon. Thank you for the insight 👍

[@sergmats05]

Not only cost of production should be in consideration, many other factors also can influence stock performance. EXQ gold has new mine about to pour new gold and its 99% completed so with 2K gold price its can reach ×2 and even more with better prices. Sandstorm royalties potentially has issues with one of their Turkish mines if I remember right.

[@claytonschemper8375]

The Hod moden mine

[@anthonyjowers1923]

I was wondering if you could at some point do an analysis on quite an interesting gold stock: Osisko Development

[@pureumkim5154]

Power of leverage- I'm not loading up the bus yet- IAG great for swing trading :D Thank you for the great content-

[@baarbacoa]

You didn't mention that EQX has the Greenstone mine undergoing commissioning, which will provide increased production in FY24, and a much larger increase in FY25. Meanwhile AISC will fall as construction is completed and production falls. So EQX is not "worst." Yes there is risk and heavy spending associated with mine development. But construction is finished and commissioning is in progress. So as they move toward full production you should be seeing the stock price rising anyway. The rise in gold price is just turbocharging that effect.

[@MiningStockMonkey]

There are a lot of ways that you could define the "worst" company and it hurt a little bit to give Ross Beaty's baby that designation. In terms of the quality of management and ownership EQX is far from being one of the worst. But the truth is that it's exactly the kind of gold company he set out to build. In his words he wanted to create a million ounce producer with a lot of leverage to a rising gold price. "A lot of leverage" typically means high cost mines and that's exactly what he has created. Watch what the share price does when gold has a big down day. EQX will be one of the biggest losers on the day almost every time. And the opposite is true when there's a big up day in gold, EQX is one of the industry's biggest gainers most of those days. Have you seen my video on EQX? Despite the debt and high cost mines I actually gave it a strong buy but that was when the share price was a couple dollars lower: kzbin.info/www/bejne/Zn3KkGOdj7yfgqcsi=9xzsUFMuzNqMuFK_

[@dannytrader2865]

@@MiningStockMonkey Love Ross Beaty and EQX and you are spot on about the company. High costs and debt are a reality with EQX but it's still my largest gold mining position mainly because of Ross. Great channel, keep it up! God bless!

[@johngaccione5633]

Can you look at Galiano gold corp?

[@kayanmak7315]

Thanks

[@SilverWong-yo5iu]

How about Galiano and US Gold ? thanks

[@edhettwer7920]

Like your analysis here boss. Interesting to know that WPM is more of a silver play. Didnt know these intracacies. Can you spell out the individual components of each gold company's like you did with Wheaton? Weve breached the $2300 gold target. I woukd think there would be some kind of consolidation in price here before heading to $2700. Which type of company will perform the best in a $400 gold rise in the next 6 months?

[@justfedup]

Used to be Wheaton silver .

[@MiningStockMonkey]

It’s not that WPM is majority silver but it was almost 50/50 last I looked. Compare that to Pan American Silver which gets about 20% of revenues from silver, fortuna silver is even less than pan American, and then you have something like Hercules silver which is actually now a copper story. If you look at the deals that WPM is doing, they’re usually buying a silver stream on a primary gold or copper mine so it seems like silver is their main focus. I consider WPM to be the very best silver company you can buy. As for which companies will perform the best if gold made a quick move to $2700… it would likely be those with high cost mines, particularly those with some sort of additional catalyst like bringing on a new mine. I did a video on Iamgold not long ago and I said that it’s very very risky and a lot had to go right for them to do well. Since that video they’ve announced first gold pour (something finally going right for them) at their new cote mine and the gold price has gone up significantly (another thing going right). A high gold price will wash away a lot of their sins and they will do very well if we see a quick run up to $2700. Equinox is also a high cost producer bringing on a new large mine in Canada but they have 1/2 of their production hedged (meaning they get no additional benefit for half of their production above ~$2100 gold) which I don’t think the market realizes. So they’re not earning as much as people think right now. It’s also worth considering that this run-up to all time highs will likely attract the attention of hedge funds and generalist investors. When they come into the sector, they’re going to go to the biggest and most liquid stocks like NEM, GOLD, FNV, WPM, and AEM. After those run up in price then investors will likely start looking at smaller companies that haven’t run up so much like BTG. As the retail investor gets interested in the sector, don’t underestimate those with a big board ticker because a lot of them can’t buy OTC names if they’re buying from their Robinhood (or similar) app. I think the “GOLD” ticker (Barrick) will be particularly appealing to the novice investor buying from their Robinhood app. I think a memorable ticker symbol might be more important than many realize. Back during the Reddit silver squeeze, AG was the most popular silver company for that crowd to buy. They aren’t high cost producers and may not be the biggest winners but I think GOLD and BTG offer some of the best risk/reward odds in the coming months.

[@edhettwer7920]

@MiningStockMonkey Wow! I'm impressed. As you can tell, I am a novice investor. Forgot about a miner's market presence. Do you have the informative on these companies mentioned about how their production is hedged? Or is this not easily obtained. With high gold prices coming, I'd venture to say that you would not want much gold hedged. I'll tip you for your great, lengthy response. And again, Tyvm. 😀

[@MiningStockMonkey]

@@edhettwer7920 You might be relatively new to this sector but you do know enough to ask good questions. You can find this information in the annual MD&A but if you don't want to read 200 pages, you can search the documents for words like "hedges" "hedging" or "collar" to find the info. Regarding these companies mentioned, I believe the only companies with hedges are Equinox and Iamgold, with Equinox having significantly more production hedged than IAG. Equinox's hedges will be settled by the end of June and then they can finally get market price for 100% of their gold again.

[@edhettwer7920]

@MiningStockMonkey Well, that's no time at all.in the grand scheme of things. But you think they will again add guard rails (hedging) at this point for safety? With the rapid pace of gold prices I see coming after a possible consolidation and pullback, I bet these 2 stocks will skyrocket.

[@niklasholming8231]

Interesting. Could you please consider an analysis of Karora Resources?

[@MiningStockMonkey]

Thanks for watching and I appreciate the suggestion!

[@GLang-kq5lw]

If gold and silver prices will keep moving higher, one or the other company becomes a takeover target; BTG is a great produces with high income and could be worth to be considered

[@Coco-yw9nf]

I am at 35% loss.

[@doughnation984]

My other comment is nearly rendered moot since I hadn't listened to the full video where MS Monkey where he said, basically, what I did in my boring, extended post.

[@nicholasowens1755]

I agree with this video to an extent. What's left out is the value of the assets, which of these company's will have more producing mines come online in the next 5 yeras, the life span of the producing mines and in what jurisdictions. Equinox, in my opinion, is better than every company on that list because of the assets they own and the number of mines that will be coming online. Owe, and let's not forget that it has a world-class management team that has never failed. These guys are in it to win it, and everyone in the mining world knows this. And thats why they are up 37%.

[@MiningStockMonkey]

EQX is one of the highest volatility stocks in the gold sector due to their high cost mines. It goes up the most with increasing gold prices and it goes down the most with decreasing prices. That’ll change a bit once Greenstone is in production.

[@stephanvogt8038]

Once you wrote Aris Mining.I hold this stock at the beginning with sandspringresources.13 years later +40%. That is my worst investment.Canadian miner are manipulated and need to long for everything.I don't like them anymore.

[@vinniebonez]

Great channel and topic

[@thorsrensen3162]

I pulled the trigger on my gold miners which I have waiting for a long time to get out of with the skin on my nose. It was a big disaster I invested in this business and I had not expected to be able to claw back my original invested money but this spike allowed me to pull out. This business is way to risky for my stomac and I had been speculating in the night waking up, worried what I had done with my money. My friends and colleages also have been grilling me for investing in this sector and seen how I had lost up to 50% in some of the stocks. So I have completely stopped talkiong about stocks since my losses began to pile up.

[@1232bluejays]

whAT about Inca gold on the Canadian venture exchange. They are waiting on a huge loan approval when they get that it could explode higher

[@MiningStockMonkey]

I wasn't familiar with it but took a quick look at the company... There are a lot of warrants and options and convertible debt and that potential dilution may be a headwind for the share price. Their balance sheet is in really rough shape with current debt far exceeding current assets, so bankruptcy is a real risk if they can't clean up their balance sheet fast.

[@JONINOTORUS]

Great presentation. Thank you, Jordan. Would you do the same for silver companies?

[@leiferiksson1785]

In what sence is WPM a silver company? I checked the 2023 year report and silver production is fairly small compared to gold as far as I understood.

[@MiningStockMonkey]

Good question. In 2023, their silver revenue was $339M whereas their gold revenue was $644M which puts their revenue at a bit more than 1/3 silver (this is lower than I thought the number was, partially due to the huge expansions at Salobo which is a gold stream and partially due to a rising gold price). But with that said, compare it to Pan American Silver, who had about 20% of revenue from silver in 2023. Or compare it to Fortuna Silver who now has almost no silver reserves at all. If you follow WPM's deal flow, most of the streams that they're buying are silver streams.

[@leiferiksson1785]

@@MiningStockMonkey Thanks, that was interesting and I really like silver for the future!

[@Coco-yw9nf]

@@MiningStockMonkey EXK is going up although they had losses🫤

[@t.m.l.t.m.l.5399]

Victoria gold ready to finally take off. Very well run and debt free year end. Raven deposit has even higher grades. There is lots of good deposits around them who will need JV partners so growth will be easy when they start free cash flow. Banyan 5 mil oz and right next door. Not sure why stock is not moving back up with their plant expansion completed.

[@edwardchan4577]

Nem vs btg, which one is a better value at the moment in your opinion?

[@MiningStockMonkey]

My choice would be BTG

[@Coco-yw9nf]

@@MiningStockMonkey thanks for your confidence! I have decided I won’t buy any but let it rise

[@paulmarino8810]

What about GLDG?

[@michaelwatt7846]

Echo this. I have some GLDG and I thought it was a fairly popular junior.

[@scarsurfing]

I-80 gold has been going down , so they must be really good😅 Would you be able to review this company sometime?

[@MiningStockMonkey]

LOL, I think I-80 is going down because their biggest shareholder, Equinox Gold, is selling shares to pay down debt and fund their Greenstone expenses.

[@edhettwer7920]

@@MiningStockMonkey Oh great..... I just bought more. So much I don't know behind the scenes. Perhaps I should ask you what the most attractive miners are as of today accounting for recent price runups. I want value with nearly no downside and with luck, much upside. I bet you like BTG. But that's more of a long-term play. I'm curious about undiscovered companies for short term upside.

[@MiningStockMonkey]

@@edhettwer7920 Those with the least amount of downside risk are the royalty and streaming companies such as: WPM, RGLD, and FNV. There's a reason that these have performed very well in the long term and that's because they are very high quality companies. They're not cheap but they are worth every penny. I love BTG right now and I think it will go up in the short term as it has some catching up to do. Sure, I put it as a 3 year investment in my analysis that I did but that was so we could realize the full value of the Goose build. But with that said, we probably won't have to wait years to get paid in a rising gold price environment. I love GOLD as well as it's a very well run producer with the best producing asset portfolio and with the best pipeline. And it's one of the first places that generalist investors and hedge funds are going to look when they want to get into the gold sector.

[@neddyboy4846]

Gold and silver will skyrocket this year. Mining stocks act like cryptos in a bull market. 5x, 10x. Gold will hit 2,500 and ounce this year, maybe even 3,000

[@jwhite1559]

WHEN, are they going to move? They basically underperformed the gold price the past 6 months

[@jwhite1559]

@@Dana-ie2bh that’s not how acquisitions work. Companies don’t just waive a wand and buy companies because they think the price is going to go up.

[@tonylopetrone9828]

Can you a video on new found gold?

[@edhettwer7920]

He did in his past on NFGC. I believe a few months back. Reason enough to get into it. Shares are half the price a big investor paid to get in.

[@MiningStockMonkey]

You can see my video on the company here: kzbin.info/www/bejne/nou0Zmt4lN6ambcsi=CxAbAM8bMH8HIcKb

[@edhettwer7920]

​@@Dana-ie2bhThere will be no rollover at current and higher prices on gold.

[@edhettwer7920]

@@Dana-ie2bh Anything can happen but I think the world has awoken to the poor monetary policies of central banks. Even an oblivious lug like myself sees it. But commodities never always go straight up. Are you buying back NFGC under $3? Personally, I would hold some even here in case that retracement never comes.

[@edhettwer7920]

@Dana-ie2bh Ya, I recall you predicted a rollover. Well, we got a little rollover in silver, but not much in gold. Yet, PM stocks got punished. Aren't PM stocks cheap here at these underlying base metals prices?

[@grc7231]

I just found your channel. I like your work better than Rick Rule. Kudos.

[@James-yu1yd]

MMC.ASX silver and gold stock.😊

[@edwardchan4577]

Is it still good entry price for btg?

[@MiningStockMonkey]

I believe that it’s still a very good entry point

[@edwardchan4577]

Thanks! How do you feel of the political concerns at Mali and impact to btg?

[@MiningStockMonkey]

@@edwardchan4577 The change in the mining code isn't good, however, it seems like there might be some positive changes coming after the Malian government found out that the changes in the code would substantially hinder future investment. Thankfully, regardless of whatever the changes might be, their Fekola mine is grandfathered into the old code. There are security issues in the country so that's certainly a risk but if you name any mining country around the world I can probably name some reasons why that jurisdiction is bad. There are problems with just about every jurisdiction but my biggest potential concern is the fact that 50% of their production comes from one mine. That number will get better in about a year but if that mine were to get shut down for some reason it would be an enormous blow to shareholders.

[@edwardchan4577]

Given the jurisdiction risk, why would you prefer btg over nem? I understood nem is gonna dump all except T1 jurisdiction ones. Thanks for your feedback!

[@MiningStockMonkey]

@@edwardchan4577 Yes, at the moment I much prefer BTG over Newmont. BTG is cheap, has big margins, low G&A, a lot of free cash flow, no debt, and significant growth coming soon.

[@anthonyjowers1923]

I have to say your videos are very good. The way you analyse companies in very refreshing and easy for beginners and seasoned investors to understand. Keep on the good work

[@billbritt1974]

I’m still not get the concept how company’s with high debt and high cost benefit more then low debt low cost. Are we saying because of high cost there profit % increases more then low cost? And people see that as a good thing?

[@MiningStockMonkey]

Let’s focus on costs instead of debt. If company A produces gold at $1000/oz, they’re making $1300 per ounce today. If company B produces gold at $2100/oz, they’re making $200 per ounce today. Now let’s say the gold price goes to $2500… Company A increases the profit per ounce to $1500, but in terms of percentages they’re only making like 15% more. Whereas company B is now making 100% more money per ounce.

[@billbritt1974]

Appreciate it. Makes 100% now. Crazy concept to think about who benefits the most

[@davidmadge5811]

@@MiningStockMonkeyCompany A is still the more profitable company. Focusing on percentages instead of absolute profit levels needlessly muddies the waters.,

[@ianhenderson7948]

That’s interesting. A weird way to think about it but it makes sense. I wouldn’t be upset if you dropped more videos like this.

[@gregmartin2455]

Thanks much.

[@manuelceballos389]

PAAS

[@Coco-yw9nf]

🙏

[@Coco-yw9nf]

I am losing money on BTG.Why?

[@MiningStockMonkey]

Have you seen my video on BTG? I recommend watching it to learn more about the company: kzbin.info/www/bejne/eWLHdHala796aqMsi=1dmYmUe_oqE0gh3y

[@Coco-yw9nf]

I saw it twice.I can’t sell at this ridiculous price.I plan to hold it till 26 and sell it at 10.😎. People told me,e AG is a trash.Well at present I plan to hold it .🙏

[@releaseandcapture]

Gotta normalize as of Feb 28th

[@jykl608]

if you put money into EQX sell it and buy GOLD so you don't lose your gains.

[@Banjolip]

King nevada gold

[@mrlarry999]

Good stuff here. I’ve been adding to my positions lately. Pan American Silver has been screaming lately.

[@animalsarebeautifulpeople3094]

Fascinating... so we are better off with bad companies during a bull market...? 🤔🤥

[@MiningStockMonkey]

Only in extreme bull runs like we’ve had recently. Let’s say we’re in a long term bull market where the gold price goes up 10% per year, you’re going to do a lot better being in those low cost companies because the high cost companies will often see their costs rise faster than the gold price. If you stick with the low cost companies you take away most of your downside while maintaining ~80% of your upside. So on a risk/reward basis you’re much better off in the low cost companies.

[@animalsarebeautifulpeople3094]

@@MiningStockMonkey I recently sold all my IAMGOLD and got BTG... 😅

[@vinniebonez]

B2gold let’s go!!!

[@lon3918]

Not very encouraging. I just bought BTG😢

[@MiningStockMonkey]

The fact that it’s gone up the least means it still has the most room to run so don’t be discouraged. I’m buying it to. Go check out my recent video on the company and you’ll see just how cheap it is.

[@lon3918]

@@MiningStockMonkey Im a bid fan of you and your channel. Haven’t heard you mention First Majestic. Is it on your radar at all?

[@sharktoothdiver]

Don't worry about BTG. They're solid and I'd own them way before I'd own Equinox. BTG will do very well in the next couple of years compared to others. There are reasons that it did not do well recently, and reasons that it will do very well over the next few years, but too much to explain here. You can bank on it. I did!

[@lon3918]

@@sharktoothdiver Thanks for the reply. What mining stock are you most excited about? Where else do you get stock info?

[@sharktoothdiver]

@@lon3918 There are too many answers to the question as far as where I get stock info, sorry. I subscribe to Silver Chartist and follow several other newsletters, but I do my homework on all of them. It's easy to get tips on stocks, but doing the homework is what makes you pick the right stock. Learn to do that, the rest is easy. Everyone has a favorite. I guess decades of picking and choosing what the right stock is after doing research and missing a few and choosing a few good ones all adds up to some success. Long term, take your time, be patient, be a contrarian, follow those who have done it well... Rick Rule, Lobo Tigre, etc. As far as what mining stock as I excited about, I gave up on trying to pick the next 10 bagger and am now settling (at my age) with the tried and true. You can't beat NEM, GOLD AEM, WPM, FNV, and don't forget the simple ETF's GDX, SILJ, URNM, URNJ, XLE, etc. Can't go wrong with a basket of several. But BTG will be fine in a year or two. I'm not sure I did a very good job at answering your question, sorry.

[@xMysteriousGamingx]

Mining stock monkey, have you done a video on ticker DC, Dakota gold company?

[@scottyflintstone]

Silver miners on the move too