Golden Portfolio 10X (GP10X) focuses on identifying top-tier explorers, developers, and miners with the potential to deliver significant per-share value through strong exploration results. In this years bullish gold market, GP10X has outperformed, delivering a 52% return year-to-date in 2024, which is double the 26% return of its benchmark, the GDX ETF.
One of the companies in GP10X recently reported exceptional drill results, with 15 grams per tonne (g/t) of gold over 60 meters at its project in West Africa. Earlier this year, they also reported high-grade intercepts of over 50 g/t across 25 meters—one of the highest-grade discoveries in Africa in decades. This company represents a major opportunity, trading at a market cap of only $25 million.
This high-grade GP10X member is outperforming, with its stock up about 10% today, while gold is down 1.8%. This aligns with GP10X’s strategy of investing in companies capable of creating value, regardless of gold price fluctuations.
For example, take SilverCrest Metals, whose story I’ve followed closely for over a decade. Originally spun out of First Majestic after its acquisition of SilverCrest Mining in 2015, SilverCrest Metals had little more than a promising property at first. But in 2016, high-grade drill results began driving its stock upward, and last month, Coeur Mining acquired the company for $1.7 billion. Early investors saw a massive gain, with the share price rising from $0.12 to $10.31—an 8,491% increase.
The chart below highlights Lundin Gold, owner of the Fruta del Norte (FDN) gold mine in Ecuador. Since 2016, FDN has consistently produced strong drill results, with grades of over 10 grams per tonne (g/t). Now a highly profitable mine, FDN has a production rate of 480,000 ounces of gold annually at an all-in sustaining cost (AISC) of just $875 per ounce. This high grade and profitability have driven Lundin Gold’s share price from about $2 in 2015 to its current $23, marking a 10X increase.
Golden Portfolio (GP) closely followed Lundin Gold’s progress, though its large $3 billion market cap last year kept it outside GP’s focus. GP typically targets smaller companies, as it’s much easier for a $30 million explorer to grow to $300 million than for a $3 billion miner to reach $30 billion.
GP10X includes top-tier explorers and developers known for delivering high-grade drill results. Once these high-grade results begin, they often continue for years, proving the asset’s potential and driving share price growth along the way. These rare, world-class deposits have the highest likelihood of advancing to mining. Once in production, high grades drive profits, which in turn further boosts the share price.
Click here to learn more about what I look for in each and every small miner, developer, or explorer I deem a “10Xer”. My 15 plus years of experience in analyzing these mining operations has taught me to focus on two things–grade and people.