With Gold Heading Even Higher, Consider These Five Hot Gold Stocks

Gold prices are edging even higher. For one, the U.S. dollar is still showing signs of weakness. Two, there’s still plenty of geopolitical and economic uncertainty, especially with U.S. and China trade talks in London. Three, China’s central bank added to its gold reserves in May for the seventh straight month. And, as noted by CNBC, “The world’s central banks are on track to buy 1,000 metric tons of gold in 2025, which would be their fourth year of massive purchases as they diversify reserves from dollar-denominated assets into bullion, consultancy Metals Focus said.” All of which could fuel big upside for stocks such as Troilus Gold Corp. (TSX:TLG.TO) (OTCQX:CHXMF), Freeport-McMoRan (NYSE:FCX), Centerra Gold (NYSE:CGAU) (TSX:GG.TO), Barrick Gold (NYSE:GOLD) (TSX:ABX.TO) and Newmont Corp. (NYSE:NEM) (TSX:NGT.TO).

Plus, Goldman Sachs says gold could rally to $3,700 by the end of 2025, and to $4,000 by the middle of 2026. Even UBS analysts say gold could rally to $3,500 by December. According to analysts at JPMorgan, “The bank now expects gold prices to reach an average of $3,675/oz by 4Q25, on the way towards above $4,000/oz by 2026, with risks skewed towards an earlier overshoot of these forecasts if demand surpasses its expectations,” as reported by Reuters.

Look at Troilus Gold Corp. (TSX:TLG.TO) (OTCQX:CHXMF), For Example

Troilus Gold Corp. has been drawing increased attention this year, both for the advancement of its copper-gold project in Quebec and its strong stock performance, reflecting growing investor confidence in the value of its large-scale asset in a tier-one jurisdiction.

Most recently, Troilus provided an update on the progress of basic and detailed engineering at its copper-gold Troilus Project, led by engineering partner BBA Inc. based in Montreal, Quebec. Since being awarded the mandate earlier this year (see January 28, 2025 press release), a dedicated team of approximately 45 full-time engineers and specialists has been advancing key workstreams on schedule as the project moves forward on the path to construction readiness.

Highlights of engineering progress to date include:

Process Flowsheet Finalized

- A comprehensive review of the May 2024 Feasibility Study was completed earlier this year.

- Key trade-off studies were conducted, resulting in design improvements to support

- scalability, operational robustness, and energy efficiency, with minimal impact to CAPEX.

- The optimized main process flowsheet was finalized on schedule, supporting the broader detailed engineering timeline.

12-week Initiation Program Complete

- EPCM contract awarded, and engineering team fully mobilized

- Contracting matrix completed and procurement strategy launched, with multiple RFPs issued

- Finalization of EPCM and owner’s team organizational structures

Justin Reid, CEO of Troilus, commented “We’ve made excellent progress in recent months thanks to the strong collaboration between BBA and our internal project team. Finalizing the flowsheet on schedule marks a major milestone and speaks to the precision and discipline guiding our development approach. BBA’s deep familiarity with the site and its track record on world-class projects like Canadian Malartic and Detour Lake, continues to add significant value. We look forward to sharing further technical developments as we advance toward construction readiness.”

Other related developments from around the markets include:

Freeport-McMoRan just reported first quarter 2025 results. Net income attributable to common stock in first-quarter 2025 totaled $352 million, $0.24 per share, and adjusted net income attributable to common stock totaled $358 million, $0.24 per share. Consolidated production totaled 868 million pounds of copper, 287 thousand ounces of gold and 23 million pounds of molybdenum in first-quarter 2025. Operating cash flows totaled $1.1 billion, net of $0.3 billion of working capital and other uses, in first-quarter 2025. Operating cash flows are expected to approximate $7.0 billion, including $0.2 billion of working capital and other sources, for the year 2025, based on achievement of current sales volume and cost estimates, and assuming prices of $4.15 per pound for copper, $3,000 per ounce for gold and $20.00 per pound for molybdenum for the remainder of 2025.

Centerra Gold reported its fourth quarter 2024 operating and financial results, and issued 2025 guidance. President and CEO, Paul Tomory, commented, “In the fourth quarter, we had steady gold and copper production and ended 2024 near the low end of our production guidance range. At Öksüt, we benefited from elevated production in 2024 by processing inventory that was accumulated during the shutdown in 2022 and 2023 to achieve over 200,000 ounces. Since the restart of operations in June 2023, Öksüt generated close to $550 million in cash provided from operations and over $480 million in free cash flow NG. We generated strong free cash flow at both operations in the fourth quarter, driven by robust contributions from Mount Milligan, which increased our cash and cash equivalents to $625 million.”

“Looking ahead to 2025, our production guidance reflects Öksüt returning to normal production levels, as previously planned, after two years of processing excess inventory, which in turn has impacted unit costs. We remain disciplined to protect margins through initiatives at our sites including at Mount Milligan through the site optimization program which will continue in 2025. We forecast continued strong free cash flow generation at our operations in 2025, allowing us to fund the restart of Thompson Creek and continue to return capital to shareholders, while preserving our cash for strategic opportunities.”

Barrick Gold announced that it has reached an agreement to sell the 50 percent interest in the Donlin Gold Project in Alaska held by Barrick’s subsidiary Barrick Gold U.S. Inc. to affiliates of Paulson Advisers LLC and NOVAGOLD Resources Inc. (NYSE American, TSX:NG) for $1 billion in cash. In addition, Barrick has granted NOVAGOLD an option to purchase the outstanding debt owed to Barrick in connection with the Donlin Gold Project for $90 million if purchased prior to closing, or for $100 million if purchased within 18 months from closing, when the option expires. If that option is not exercised, the debt will remain outstanding, substantially in accordance with its existing terms. Paulson and NOVAGOLD have agreed to acquire 80 percent and 20 percent, respectively, of Barrick’s subsidiary’s interest in Donlin Gold LLC, the entity that holds the Donlin Gold Project, with each purchaser contributing pro rata to the purchase price and several existing shareholders, including Paulson, backstopping NOVAGOLD’s purchase commitment.

Newmont Corp. announced first quarter 2025 results and declared a dividend of $0.25 per share. “Following on from a robust fourth quarter performance, Newmont has delivered 1.5 million attributable gold ounces and generated a record first quarter free cash flow of $1.2 billion, demonstrating the strength of our unrivaled Tier 1 Portfolio,” said Tom Palmer, Newmont's President and Chief Executive Officer. "We also successfully completed our non-core divestiture program, generating up to $4.3 billion in total gross proceeds including over $2.5 billion of after-tax cash proceeds in the first half of 2025. With these significant achievements and a solid start to the year, we remain firmly on track to meet our 2025 guidance, continuing on our journey towards creating the world’s leading gold and copper portfolio for the benefit of our shareholders."

Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Troilus Gold Corp by Troilus Gold Corp. We own ZERO shares of Troilus Gold Corp. Please click here for disclaimer.

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