Geopolitical tensions are pushing gold prices to near all-time highs, setting the stage for gold mining companies to see potential windfall profits. The leaders of the G-7 nations will announce a ban on Russian gold imports for Moscow’s unprovoked invasion of Ukraine, U.S. President Joe Biden confirmed on Sunday morning. As the leaders met in Munich, Germany, for the latest G-7 summit, Biden took to Twitter to confirm earlier reports of an imminent ban. “The United States has imposed unprecedented costs on Putin to deny him the revenue he needs to fund his war against Ukraine,” he said early Sunday. “Together, the G7 will announce that we will ban the import of Russian gold, a major export that rakes in tens of billions of dollars for Russia.”
A Russian gold ban certainly doesn’t hurt gold prices — if anything, less supply is a bullish catalyst.
Element79 Gold (OTCMKTS:ELMGF) (CSE:ELEM) stands out as one of the hidden gems, poised to unlock the potential value in one of the most prolific gold regions of the world. The last company run by Element79 Gold (OTC:ELMGF) (CSE:ELEM) management saw its stock soar from $1 to over $15 in a matter of months. (1,2) In fact, Element79 Gold (OTC:ELMGF) (CSE:ELEM)’s management team has been instrumental in some of the biggest success stories in mining history.
Perhaps more astounding is that Element79 Gold (OTC:ELMGF) (CSE:ELEM) recently reported over 3.7M ounces of gold equivalent at one property and has intersects of 174 g/t Ag over 9.14 meters at another. This is nearly double the famous intersect of New Found Gold, which trades nearly 20x to 30x higher. (2) Based on the current market, ELEM’s valuation is about $1 per share right now. (2)
Stocks like this should be added to the top of your watchlist. It’s rare to find such an under-the-radar opportunity with such unique potential upside based on early corporate actions. Pay close attention as drilling commences at Element79 Gold (OTC:ELMGF) (CSE:ELEM), similar companies have returned +2,390% to early investors. (1,2)
Click HERE to read more about ELMGF
Some of the other Gold stocks, Gold ETF’s and related stocks to keep on radar include Newmont (NYSE:NEM), Barrick Gold (NYSE:GOLD), AngloGold Ashanti (NYSE:AU), Agnico Eagle Mines (AEM), Gold Fields (GFI), Wheaton Precious Metals (WPM), Sibanye Stillwater (SBSW), VanEck Gold Miners ETF (NYSEARCA:GDX) and the VanEck Gold Miners ETF (NYSEARCA:GDXJ). Other notable active stocks to watch out include Evofem Biosciences Inc (NASDAQ:EVFM), Acutus Medical Inc (NASDAQ: AFIB), Axsome Therapeutics Inc (NASDAQ:AXSM), NeuroSense Therapeutics Ltd (NASDAQ:NRSN).
Sources:
1 https://finance.yahoo.com/quote/SKE.TO/chart?p=SKE.TO
2 https://capitalrankings.com/inflation-report-ca/
3. https://mineralreportstoday.com/the-hidden-gem-of-2022/?utm_source=wallstreetpr&utm_medium=influencer&utm_campaign=elmgf
