Three gold miners with asymmetric upside
If there's any time to invest in mining stocks, it's when target commodities are trading at all-time-highs, putting gold miners front-and-centre for anyone with an empty spot in their portfolio.
The ideal candidate would offer exposure to established resources and/or reserves, a leadership team qualified to monetize them and a stock price indicating that the market has yet to acknowledge gold's long-term potential and the company's strong case for capitalizing on it.
In the newest edition of Stockhouse's Weekly Market Movers, I'll introduce you to three gold miners that should be worth well more than they're trading for based on what their underlying companies look like today.
First in our trio of gold miners is Ramp Metals, market capitalization C$51.55 million, which focuses its efforts on a new gold district in Saskatchewan. The company recently made a discovery of 73.55 grams per ton (g/t) of gold over 7.5 metres, including multiple gold zones, at its 32,715-hectare Rottenstone SW property.
The discovery, about 42 kilometres southwest from the past-producing Rottenstone nickel, copper and platinum group elements mine, features three main targets, all of which are being tested in ongoing drilling backed by outctop samples, soil samples and numerous anomalies.
With a hefty 47 per cent insider ownership, a management team composed of three geologists, and support from high-profile investors such as EarthLabs and Eric Sprott, Ramp is moving full-steam ahead with mineral delineation, looking to continue its consistent discovery track record since listing in March 2024.
Investors have taken kindly to these discoveries, growing Ramp Metals stock (TSXV:RAMP) by 574.32 per cent since inception, with tens of thousands of hectares of prospective land still to be explored. Shares last traded at C$1.28. Cartier Resources
Our second noteworthy gold miner, Cartier Resources, market capitalization C$38.28 million, is active in Val-d'Or, Quebec, where its flagship Cadillac project boasts resources estimated at 720,000 ounces indicated and 1,633,000 ounces inferred, representing over US$7.5 billion in gold in the ground.
Cadillac's 2023 preliminary economic assessment details a post-tax net present value (NPV) (5 per cent) of C$388 million and annual production of 116,900 ounces over 9.7 years at a gold price of US$1,750 per ounce. The price at the time of writing on May 1st, for your reference, is a significantly larger US$3,222.64 per ounce.
Cadillac yielded 10 new gold zones discovered during the 2024 drilling campaign, making management confident in delivering further resource growth in 2025.
Cartier also offers investors exposure to three earlier-stage properties – Wilson, Fenton and Benoist – that contain 17 prospective gold zones between them backed by extensive past exploration.
The portfolio's considerable upside is de-risked by a long-tenured leadership team with a diverse background in exploration, operations and financing, in addition to: A 27.2 per cent investment from major producer Agnico Eagle, a 2.9 per cent position by Caisse de dépôt et placement du Québec, as well as 4.8 per cent institutional ownership.
C$11.2 million in cash as of April 2025.
Continued geopolitical tension spurred on by US President Trump's headstrong, unpredictable approach to governance, fostering gold's role as a safe-haven asset.
Down by 34.38 per cent since 2020 and flat since 2015, Cartier Resources stock (TSXV:ECR) allows you to own a piece of the gold miner's multi-million-ounce resource, as well as numerous exploration vectors to the upside, with no market recognition priced in. Shares last traded at C$0.10.
Philippe Cloutier, Cartier Resources' director, president and chief executive officer, spoke with Stockhouse's Lyndsay Malchuk about a newly closed financing and upcoming drilling. Watch the interview here. Goldquest Mining
Goldquest Mining, market capitalization C$168.62 million, is a gold miner active in the Dominican Republic, a country marked by political stability and long-term support of the mining industry.
The company's flagship Romero project houses over 1.1 million gold equivalent ounces in reserves and over 2.5 million ounces indicated plus inferred, representing over US$11.5 billion worth of gold in the ground. Work is ongoing towards a bankable feasibility study in 2026, following an NPV US$202 million pre-feasibility study in 2016, with initial production expected by Q4 2027, guided by a management team with vast experience in the Dominican mining industry and as top executives under major miners like Barrick and Glencore.
An ongoing, fully-funded 5,000-metre drilling program across the broader Tireo project, which includes Romero, will focus on five targets across a 50-kilometre trend, with 15 more (slide 15) remaining to be further proven out by the drill bit. Luis Santana, Goldquest Mining's CEO, joined Lyndsay Malchuk to chat about the program. Watch the interview here.
Investors have been catching on to the long-term viability of the company's production runway and war chest of targets, bidding Goldquest stock (TSXV:GQC) up by 175 per cent year-over-year and by 266.67 per cent since 2020. Despite the multi-bagger return, there's likely ample room to run, contingent on strong gold prices, as data-driven exploration, further validation at Romero and eventual revenue generation continue to align the share price with the underlying multi-billion-dollar resource.
Thanks for reading! I'll see you next week for a new edition of Stockhouse's Weekly Market Movers. Here's last week's article, in case you missed it.
Join the discussion: Find out what everybody's saying about these gold miners with asymmetric upside on the Ramp Metals Inc., Cartier Resources Inc. and Goldquest Mining Corp. Bullboards and check out Stockhouse's stock forums and message boards.
This is sponsored content issued on behalf of Ramp Metals Inc., Cartier Resources Inc. and Goldquest Mining Corp., please see full disclaimer here.
(Top image: Adobe Stock)
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