Perpetua Resources Corp. (PPTA) is a gold mining company located in Idaho’s Stibnite Mining District, which has been a productive area going as far back as 1899. For anyone looking to invest in a unique gold play that is transitioning from an early stage speculation to one of the largest and lowest-cost producers in the US, Perpetua is worth a look, maintains Nilus Mattive, editor of Safe Money Report.
Earlier projects in the Idaho district were creating environmental issues and had all been abandoned under the modern era’s stricter requirements. In fact, most of the older activity happened before any such requirements even existed.
(This write up came from our MoneyShow 2026 Top Picks Report. To get a FREE copy of the entire report, click here.)
But Perpetua, which was formerly known as Midas Gold, is going to remediate some of the past damage…bring everything up to today’s standards…and resume mining activities.
I first recommended shares of this company to a small group of Weiss readers at our annual Investment Summit in September 2023. At the time, Perpetua had a market cap of just $200 million and daily trading volume of roughly 200,000 shares. So, it wouldn’t have been appropriate to mention it in any larger setting, let alone one of my publications.
But I already owned shares in the company personally and thought it had massive potential. A lot has happened since then. The company has received its federal permits. It recently began early construction. It has gotten massive new investments from Agnico Eagle Mines Ltd. (AEM), JP Morgan, and John Paulson (who has been a longtime shareholder and now owns roughly a quarter of the company).
The fact that Perpetua also has large deposits of antimony – one of the critical minerals at the heart of tensions between China and the US – has provided another massive upside kicker, too. Given the fact that the stock was recently trading around $29 a share, you might think all the upside has already been squeezed out. But I’ve only increased my personal stake in it and think there is more upside ahead.
For starters, as with any mining company, PPTA is leveraged to the price of gold. And I believe the yellow metal itself has plenty of gains ahead in 2026. Perpetua is also in the process of lining up more than $2 billion in financing from the Export-Import Bank of the United States. A financial decision on that should happen in the spring of 2026.
Additional catalysts include the possibility of additional gold reserves being announced…news related to antimony production…and further deals or investments involving the US government.
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