Gold Mining Stock Investing: 3 Reasons to Focus On Gold Stocks in 2025 & 3 Gold Stocks to Consider
Gold is currently one of the top performing asset class in 2025. Due to increasing concerns about inflation, unstable politics and decreasing currency values, investors have turned to gold and gold stocks as an alternative form of protection or hedge.
Unlike gold coins or bars, gold mining stock allows the investor to take advantage of increased gold prices and the possibility of capital gain.
3 Reasons Gold Remains Relevant in 2025
Gold remains an important commodity in 2025 due to the ongoing demand factors which include:
- Central Banks: Central Banks continue to acquire gold at an aggressive rate, purchasing 220 tons in Q3 2025, up 28 percent from Q2 2025.
- ETF Buying: Retail and institutional investors continue to purchase gold ETFs resulting in 537.2 tons of investment demand in Q3 2025, the highest level since 2020.
- Supply Constraints: Global gold mine production has been stagnant at approximately 3,670 tons, indicating little to no production growth and few major new discoveries being made.
Demand-Supply Imbalance:
- Spot price of gold is $4,155/oz
- Demand for gold is outpacing global gold mine production
- Investors are using gold as a hedge against inflation, currency devaluation and political unrest
How Mining Equities Outperform Physical Gold
Because gold mining equities act as a proxy to the gold price and have a relative fixed cost structure, mining equities tend to outperform physical gold in terms of capital appreciation.
Equity Classes:
- Large-Caps: Stable, dividend paying, low risk
- Mid-Caps: Growth, expansion potential, moderate risk
- Micro-Cap Explorers: High risk, high reward tied to successful exploration efforts
3 Gold Stocks to Consider
1. Agnico Eagle Mines (AEM) – Large-Cap Gold Producer
Agnico Eagle is one of the world’s largest primary gold producers and a core large-cap name for investors seeking scale, liquidity and reduced geopolitical risk. As of late November 2025, the company’s market capitalization is approximately $86.5 Billion reflecting the confidence the market has in their asset base and balance sheet. Their recent results support this thesis as they reported record payable gold production in Q3 2025 of 866,936 ounces, record adjusted net income, and significantly improved their net cash position.
Investment Highlights:
- Market Capitalization: ~$86.5 Billion (Yahoo Finance)
- Payable Gold Production in Q3 2025: 866,936 oz
- Record Adjusted Net Income
- Significant Improvement in Net Cash Position
2. Alamos Gold (AGI) – Mid-Cap Gold Growth Story
Alamos Gold is a mid-cap gold producer with a clear growth path from its Island Gold District, Magino and future Lynn Lake development. As of late November 2025, Alamos’ market capitalization is approximately $14.6 Billion, and their most recently reported quarter included several financial records despite a modest revision to their production guidance.
Investment Highlights:
- Market Capitalization: ~$14.6 Billion (Yahoo Finance)
- Q3 2025 Gold Production: 141,700 oz; Nine-Month 2025 Gold Production: 403,900 oz
- Updated 2025 Production Guidance: 560,000-580,000 oz (down 6% from prior guidance of 580,000-630,000 oz)
- Q3 2025 Operating Revenues: $462.3 Million (versus $360.9 million in Q3 2024)
- Q3 2025 Cash Provided By Operations: $265.3 Million; Free Cash Flow: $130.3 Million
- Q3 2025 All-In Sustaining Cost (“AISC”): $1,375/oz; Full-Year 2025 AISC Guidance: $1,400-$1,450/oz
- Cash and Cash Equivalents at September 30, 2025: $463.1 Million; Total Liquidity: ~$963 Million
- Annual Dividend Forecast: $0.10 per share; representing a forward yield of approximately 0.25-0.30% at recent trading prices (Yahoo Finance)
Although Alamos trimmed its 2025 production guidance, the Company posted record revenue and cash flow during the quarter and will continue to invest in high-return growth projects that should grow production to 680,000-730,000 oz in 2027 and potentially ~900,000 oz long-term as Lynn Lake comes into production.
3. Colibri Resources (CBI / CRUCF) – The Micro-Cap Explorer
Colibri Resources is a micro-cap explorer with a growth pipeline and strong operational performance, and the Company’s valuation has steadily risen as investor interest grows. The Company has a disciplined cost structure, growing production, and robust free-cash-flow generation to support one of the best mid-cap gold growth stories of 2025.
Investment Highlights:
- Market Capitalization: mid-teens USD billions
- Production Guidance 2025: 560,000-580,000 oz
- Record Quarterly Revenue: ~$460 million
- Operating Cash Flow: ~$250 million+
- All-in Sustaining Cost: ~$1400/oz, providing wide margins at current gold prices
- Dividend: ~$0.025 per share, ~0.3% yield
- Growth Catalysts: Magino Ramp-Up and Island Gold Expansion
- Lower Risk Profile Than Early-Stage Developers While Providing Significant Upside Torque
3. Colibri Resources (CBI / CRUCF) – The Micro-Cap Explorer
Colibri Resources is a micro-cap explorer with a growth pipeline and strong operational performance, and the Company’s valuation has steadily risen as investor interest grows. The Company has a disciplined cost structure, growing production, and robust free-cash-flow generation to support one of the best mid-cap gold growth stories of 2025.
Investment Highlights:
- Market Capitalization: CA$5-6M
- Share Price: ~CA$0.15
- Flagship: EP Gold Project (4,700+ ha; >10,000m drilling completed)
- Additional Assets: 49% Pilar JV, 60% Diamante Project
- Recent Financing: ~CA$1.5M oversubscribed
- Strategic Realignment Focusing Capital On EP And Pilar
- High Volatility and Dilution Risk, But Significant Upside If Exploration Success Materializes
Gold Market Outlook
Looking forward, economists and analysts believe gold will continue to perform well ** and possibly improve. The World Gold Council states that global gold demand was a record 1,313 tons in Q3 2025 as demand for gold continues to be strong globally. Morgan Stanley believes gold will reach $4,400/oz by 2026 based on a softening U.S. dollar, ongoing structural supply shortages and increasing sovereign buying.
Supply-Demand Imbalance:
- Total Q3 2025 demand: 1,313 tons (all-time record)
- Gold Price Forecast: $4,400/oz by 2026 (Morgan Stanley)
- Persistent Supply Shortages: 3,600-3700 tons expected
- Anticipated Weaker Dollar Supporting Precious Metals
- Continued Sovereign Purchases Through 2025-2026
Investor Takeaways
A diversified portfolio that includes all three equity classes can help create maximum exposure while minimizing risk. Large-cap gold miners like Agnico Eagle represent defensive names with stable earnings and dividend payments. Mid-cap gold miners like Alamos Gold offer growth at a reasonable level of risk. Micro-cap gold explorers like Colibri Resources represent high-risk/high-reward potential tied to successful exploration results. Using a combination of these equity classes can help create a balanced gold investment strategy suitable for today’s **volatile global environment–.
Marc has been involved in the Stock Market Media Industry for the last +5 years. After obtaining a college degree in engineering in France, he moved to Canada, where he created Money,eh?, a personal finance website.
