Updating two of your precious-metal picks: Lundin Gold & Hecla Mining

Article Excerpt

Our subscribers have seen most of our precious-metal stock picks—including Barrick Gold, one of our #1 Power Buys for 2020—soar over the last several months. Those gains reflect investor fears about many things, including volatile stock markets in the wake of COVID-19, and the length and depth of the global economic slowdown. For many of those investors, gold represents a “safe harbour.” Two of our precious-metal picks—Lundin Gold and Hecla Mining—have rebounded from the March 2020 lows they dropped to when markets fell. But at the same time, they have yet to jump above their February 2020 highs, unlike our other gold picks. With Lundin Gold, that reflects its dependence on just one recently-built mine—now temporarily shuttered. With Hecla Mining, it’s more-modest recovery reflects the lag in silver price growth compared to the rise in gold prices (see box this page). Still, both of these stocks offer great growth prospects for aggressive investors. Both are buys. LUNDIN GOLD $11.19 (Toronto symbol LUG; TSINetwork Rating: Spec.) (www.lundingold.com; Shares…

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