Weekly Watchlist - June.21 , 2025
Alot of these gold stocks remain cheap, even with gold over 3k an ounce.
Weekly Chart - Norsemont Mining - Market Cap $25 Million - Breakout
Norsemont mining broke out of a multi year resistance level this week as it closed over 20% on Friday. The company recently updated the mineral resource at its flagship project in Chile “choquelimpie”, the resource estimate included over 2 million ounces in the indicated category and over 500k ounces in the inferred. It’s lower grade but they do have a significant oxide resource as well.
The project was a producing mine in the late 80s, Royal Dutch Shell produced over 300k ounces in a few year span. Mining was stopped due to poor economics and poor gold prices at that time.
There is significant infrastructure on the property already with Year round road access and
-A functioning ADR efffluent treatment plant
-Power and permitted water on site
-A 3,000 tonne a day mill
-A fully equipped camp, offices and warehouse
-A ready to use lab for preparation
The company plans to continue exploring and doing more studies as they work towards a PEA.
Weekly Chart - P2 Gold - Market Cap $24 Million - Breakout
A great week for P2 gold as it broke above key resistance on very high volume, closing Friday over 18% up. P2 is focused on the Gabbs project in Nevada, they recently announced some positive Metallurgical tests, the company released a PEA in 2024. It holds an indicated resource of over 1.1 million ounces and an inferred resource of over 2.29 million ounces.
Economics were quite good with an after tax NPV 5% discount rate of $950 million USD at $2400 gold. The company continues with it’s feasibility level studies and Metallurgical work. Alot of these gold stocks are super cheap when you start to run economics at today’s gold price.
Weekly Chart - Osisko Metals - Market Cap $280 million - Breakout candidate
Not a breakout yet for Osisko but worth watching here as it closed Friday up over 12%. Osisko has 2 brownfield projects, the focus is on the Gaspe Copper Project in Quebec. They have a significant resource in place already with over 824 million tonnes indicated at .34% CuEq and 670 million tonnes inferred at similar grades.
They have had some recent success with drilling as they just hit 323 metres at .43% Cu. They plan to update the resource in early 2026 as they continue drilling. The company raised over $100 million in December to continue advancing the project.
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