4 Promising Gold Stocks Under $4

Are you looking for the perfect gold stocks to invest in without breaking
the bank? Look no further. In this article, we’ll explore 4 of the most prom-
ising gold stocks currently trading for under $4. Whether you’re a first-
time investor or a seasoned veteran, these gold stocks offer an excellent
opportunity for you to expand your portfolio with minimal risk. Read on to
learn more about these stocks and their potential.

#1: Alio Gold Inc. (NYSE: ALO)

Alio Gold Inc. (NYSE: ALO) is a gold and silver producer focused on the
exploration, development, and production of precious metals in Mexico.
The company’s primary asset is its San Francisco Mine located in Sonora,
Mexico. Alio Gold has recently shifted its focus to the development of the
high-grade, open-pit Ana Paula Gold Project, which it expects to begin
producing in the third quarter of 2020.
Alio Gold has reported strong financial results in the last few years, in-
cluding positive cash flow and record net income in 2019. The company’s
stock is currently trading at just under $4 per share, representing a good
value for investors interested in the gold sector. With its proven track re-
cord and increasing production from the Ana Paula Gold Project, Alio
Gold looks to be an attractive pick for gold investors.
 4 Promising Gold Stocks Under $4

#2: Endeavour Silver Corp. (NYSE: EXK)

Endeavour Silver Corp. is a Canadian-based precious metal mining com-

pany that operates mines in Mexico. The company focuses on producing
silver, gold, and zinc, while also exploring and developing new projects in
the region.
Endeavour Silver’s primary asset is its El Compas mine, located in Zacate-
cas, Mexico. The mine has been in production since 2018 and has pro-
duced over 1 million ounces of silver and 8,500 ounces of gold thus far.
The company’s Terronera project, located near its El Compas mine, is cur-
rently in the pre-feasibility stage. Endeavour Silver has plans to build a
1,000-tonne-per-day underground mining operation at the project, which
is expected to produce 4.8 million ounces of silver over 11 years of opera-
tion.
Endeavour Silver’s stock is currently trading at just under $4 per share on
the New York Stock Exchange. This makes it an attractive option for inves-
tors looking for exposure to the precious metals industry without taking
on too much risk.

#3: Fortuna Silver Mines Inc. (NYSE: FSM)

Fortuna Silver Mines Inc. is a mid-tier precious metals producer with two
operating mines in Latin America. The company operates the Caylloma
Mine in Peru and the San Jose Mine in Mexico. FSM’s main focus is silver
and gold production, but it also produces other minerals, such as lead
and zinc.
Fortuna’s stock has been trading at around $3.40 per share and has a mar-
 4 Promising Gold Stocks Under $4
ket capitalization of around $400 million. The company has an enterprise
value of about $630 million and produces over 12 million ounces of silver
and 40 thousand ounces of gold annually.
In 2019, Fortuna reported a net income of $64.2 million and revenue of
$223.9 million. The company has a debt-to-equity ratio of 0.17, which is
relatively low compared to the industry average of 0.25.
The company has been steadily increasing its gold production since 2018

#4: Golden Star Resources Ltd. (NYSE: GSS)

Golden Star Resources Ltd. is a mid-tier gold mining company headquar-

tered in Denver, Colorado. The company’s principal operations are the
Wassa and Prestea underground mines located in Ghana, West Africa.
Golden Star Resources’ current share price of $1.63 puts it in the under $4
category, making it a potentially attractive investment for those looking to
add a bit of gold to their portfolios.
Golden Star Resources Ltd. is one of the largest underground gold pro-
ducers in West Africa. It has a strong track record of producing high-grade
gold ounces and has consistently met production targets over the last
few years. The company’s Wassa mine is currently its largest asset, with an
estimated mine life of 11 years. In addition, Golden Star has recently com-
pleted its advanced exploration program at its nearby Prestea mine, with
encouraging results that could extend the life of this mine as well.
The company has also recently announced a new financing package,
which is expected to increase its liquidity and reduce debt. This financing
package is expected to provide Golden Star Resources with additional
capital that can be used to fund the development of new projects.
In terms of its outlook, Golden Star Resources expects to produce be-
 4 Promising Gold Stocks Under $4

tween 415,000 – 425,000 ounces of gold this year while reducing cash
costs by up to 10%. This should help the company generate higher mar-
gins and profits, which could result in a higher stock price for GSS in the
near future.
Overall, with its strong balance sheet, a good production outlook, and a
share price of under $4, Golden Star Resources Ltd. could make for an
attractive investment for those looking for exposure to gold.