5 Mining Stocks to Add Shine to Your Portfolio Before the Year Ends

This year has certainly been a remarkable one for gold and silver, which have captivated investor attention amid a variety of circumstances. Geopolitical tensions, U.S. monetary policies, and market jitters due to the U.S. Presidential election contributed to gold’s incredible ascent this October, peaking at an unprecedented high of $2,790 an ounce. As we look toward the end of the year, gold’s year-to-date growth stands at a remarkable 28%, outperforming assets like stocks, bonds, and commodities, while silver has enjoyed a 27% increase—setting the stage for a potential resurgence in 2025.

Gold & Silver’s Stellar Performance This Year

According to the World Gold Council, overall gold demand surged 3% in the first three quarters of 2024, reaching a monumental special demand record of 1,313 tons in the third quarter alone, valued at over $100 billion. Central banks’ consistent accumulation of gold reserves, coupled with substantial bar and coin investments, has played a significant role in these robust figures. Specifically, bar and coin investment hit 859 tons during this period, eclipsing the 10-year average by a healthy margin.

Among the standout markets is India, which witnessed its highest third-quarter gold sales since 2012, driven by a reduction in import duties. While high gold prices have adversely affected global jewelry demand, this isn’t the case in India, where opportunities for festive and wedding-related purchases abound.

Looking Ahead to 2025

With gold prices hitting record highs in 2024, analysts predict an escalation to around $3,000 per ounce by 2025. The uncertainties surrounding the Biden administration’s policies—especially regarding tariffs—along with consistent consumer confidence in India, point to a favorable environment for safe-haven assets such as gold and silver. Moreover, industrial demand for silver is expected to rise sharply, driven by its critical role in the renewable energy sector, notably photovoltaic applications.

5 Mining Stocks Poised to Perform Well in 2025

To optimize the potential gains from these precious metals, consider adding the following mining stocks to your portfolio: Coeur Mining (CDE), Pan American Silver (PAAS), Fortuna Mining Corp. (FSM), Fresnillo (FNLPF), and New Gold (NGD). Each of these companies currently holds a Rank #1 (Strong Buy) or Rank #2 (Buy) according to stocks screening metrics, as well as optimistic earnings growth expectations for the upcoming years.

CDE: Coeur Mining

Coeur Mining, recently expanding its Rochester silver-gold mine in Nevada, is on track to meet solid production targets between 4.8-6.6 million ounces of silver and 37,000-50,000 ounces of gold. The company has witnessed exploration successes at Silvertip and Kensington, inline with its growth expectations. Anticipated earnings suggest a significant upsurge of 165% year-over-year for fiscal 2024 and a staggering 311% rise in fiscal 2025, supported by a consensus estimate increase of 88% and 55%, respectively, over the past 90 days. Year-to-date, CDE stock has skyrocketed by 77%.

PAAS: Pan American Silver

Pan American Silver owes much of its strategic enhancement to its acquisition of Yamana Gold, fortifying its leadership in silver and gold production throughout Latin America. The company expects major production growth in 2024 and predicts earnings to surge by a staggering 525% for fiscal 2024, alongside an additional 96.3% growth in fiscal 2025; estimates have risen by 34% and 16.5% respectively over the last three months. So far, PAAS stocks have gained approximately 24.8% year-to-date.

FSM: Fortuna Mining Corp.

Expect Fortuna Mining to produce between 343-385 thousand ounces of gold and 4-4.7 million ounces of silver in 2024. Its operational strategy focuses on balance sheet flexibility and aggressive organic growth while targeting substantial production increases. The earning projections signal a year-over-year uplift of 118% for 2024 and roughly 17.7% for 2025. As of now, FSM has gained 12.2% in stock performance this year.

FNLPF: Fresnillo

Fresnillo anticipates silver-equivalent output of 101-112 million ounces in 2024, underpinned by improvements at the newly ramped-up Juanicipio project. The consensus estimates forecast year-over-year earnings growth of 45.2% for 2024 and an impressive 77% for the following year, with the stock up 6% this year.

NGD: New Gold

New Gold’s strong third-quarter performance signals an expected annual gold production of 300,000-310,000 ounces in 2024, with significant contributions from its New Afton and Rainy River projects. Forecasts suggest explosive earnings growth of 157% for 2024, with a 46% increase the following year. The company’s stock has surged by 71% year-to-date.

In conclusion, gold and silver markets are positioned for a powerful performance as we head into 2025, with mining stocks like Coeur Mining, Pan American Silver, Fortuna Mining, Fresnillo, and New Gold offering substantial growth potential. Investors looking for opportunities in precious metals would do well to consider these stocks as the year comes to a close.