We would all like to own that special speculative junior Gold stock that runs from pennies to dollars per share (even a 3 or 4-bagger would be sweet), and those do come along (albeit too rarely), but don’t be afraid to purchase a much higher-priced producer or near-producer because they do provide both safety (capital preservation) and ample upside potential!

A case in point is Kirkland Lake Gold (KL, TSX) which has been our favorite Gold producer for several years now.  We really turned bullish on KL in late 2016 when the company acquired Newmarket Gold and its high-grade Fosterville asset.  Since then, KL has zoomed from under $10 a share to nearly $60!

Kirkland Lake Gold is the high-grade champion, the Amazon or Apple of Gold stocks, and we consider it a core holding in any Gold investor’s portfolio.

Those who thought KL was “too expensive” last fall in the mid-$20’s when we were pounding the drums could have more than doubled their money.  Next measured Fib. resistance is $69.  Looking out over the next year or two, KL could easily become a $100 stock if Gold performs as expected (or even just reasonably well).

For Eric Sprott, Kirkland Lake Gold is the gift that keeps on giving.

What an incredible chart this is!

Okay, so if you’re not into buying $56 stocks, I have 3 other suggestions today.  Keep in mind, the winning strategy with these Gold stocks since last summer/fall has been to buy on weakness.  The primary trend is up, so don’t be afraid to embrace any pullbacks.

Alamos Gold’s (AGI, TSX) Island Gold mine is northern Ontario is an absolute GEM!  We know that because BMR covered the Island Gold mine extensively starting nearly a decade ago when it was held by Richmont Mines (Richmont would later get bought out by Alamos).

Check out all the recent news releases regarding the Island Gold mine.  More and more extensions are being found, and the grades are SUPERB!

Technically, Alamos is just starting to catch fire after a double bottom.  Below is a long-term chart in U.S. dollars, based on AGI’s listing on the NYSE (it also trades on the TSX under the same symbol).

Again, a beautiful chart!  An important breakout is about to occur above a downtrend line from 2016.

This stock could be magical over the next year or so.   Make the Island Gold mine your gift that keeps on giving!

Marathon Gold (MOZ, TSX) is another no-brainer!  This company is not in production yet, of course, but it’s developing an impressive resource in central Newfoundland that’s likely going to lead to a buyout at a significantly higher share price.

The recent takeover of Atlantic Gold (AGB, TSX-V) by Australian-listed St. Barbara (SBM, ASX) reminded investors that Marathon is undervalued as well.  Its PEA released late last year showed 2.7 million ounces at 1.85 g/t (Measured & Indicated) and just over 1.5 million ounces Inferred at 1.77 g/t.  Average annual production is estimated at 225,000 ounces per year for 12 years (2.7 million ounces of recovered Gold).

All-in-sustaining costs are $666 (U.S.) per ounce, after-tax NPV is $493 million (U.S.) and after-tax IRR is 30% – robust economics that should only get better with the PFS.  The company had $19 million in cash at the end of Q1 and sports a market cap of only $185 million based on Friday’s $1.15 close.

Following up on successful 2018 drill programs at the Marathon and Sprite deposits, Marathon’s 2019 infill drilling program continues with great success (lots of high-grade intersections) with completion expected in the 3rd quarter.  Lots of exploration upside remains.

Below is a chart following Marathon’s $1.21 close last Tuesday.  The stock closed the week and the month at $1.15.  Note the breakout on this long-term monthly above the downtrend line from 2017.  This should be a relatively easy double over the next 6 to 12 months (measured Fib. resistance at $2.02).