Gold stocks are the ultimate hedge against inflation. While the recent rally has put the top names in the spotlight, plenty of stocks flying under the radar show massive potential.
The outlook of Zacks Mining - Non Ferrous industry is promising, backed by strong demand from the energy-transition trend. Stocks like SCCO, FCX, LUNMF, CDE and ERO are poised well to benefit from this.
Silver North Resources (TSX-V:SNAG, OTCQB:TARSF) announced that the 2024 drilling program has commenced at the Tim silver project in Yukon, which is under option to Coeur Mining (NYSE:CDE). The company said Coeur is funding and operating the program under its option agreement to earn up to an 80% interest in the property.
Coeur Mining (CDE) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Here is how Coeur Mining (CDE) and Hecla Mining (HL) have performed compared to their sector so far this year.