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June 28, 2022, 12:25 a.m. EDT

Gold Stocks Could Take Centerstage Owing to Russian Ban: Element79 Gold (ELMGF)

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Jun 28, 2022 (WallStreetPR via Comtex) -- Geopolitical tensions are pushing gold prices to near all-time highs, setting the stage for gold mining companies to see potential windfall profits. The leaders of the G-7 nations will announce a ban on Russian gold imports for Moscow's unprovoked invasion of Ukraine, U.S. President Joe Biden confirmed on Sunday morning. As the leaders met in Munich, Germany, for the latest G-7 summit, Biden took to Twitter to confirm earlier reports of an imminent ban. "The United States has imposed unprecedented costs on Putin to deny him the revenue he needs to fund his war against Ukraine," he said early Sunday. "Together, the G7 will announce that we will ban the import of Russian gold, a major export that rakes in tens of billions of dollars for Russia."

A Russian gold ban certainly doesn't hurt gold prices -- if anything, less supply is a bullish catalyst.

Element79 Gold (otcmkts:ELMGF) /zigman2/quotes/228532336/delayed CA:ELEM +3.23% stands out as one of the hidden gems, poised to unlock the potential value in one of the most prolific gold regions of the world. The last company run by Element79 Gold /zigman2/quotes/229497565/composite ELMGF -3.95% /zigman2/quotes/228532336/delayed CA:ELEM +3.23% management saw its stock soar from $1 to over $15 in a matter of months. (1,2) In fact, Element79 Gold /zigman2/quotes/229497565/composite ELMGF -3.95% /zigman2/quotes/228532336/delayed CA:ELEM +3.23% 's management team has been instrumental in some of the biggest success stories in mining history.

Perhaps more astounding is that Element79 Gold /zigman2/quotes/229497565/composite ELMGF -3.95% /zigman2/quotes/228532336/delayed CA:ELEM +3.23% recently reported over 3.7M ounces of gold equivalent at one property and has intersects of 174 g/t Ag over 9.14 meters at another. This is nearly double the famous intersect of New Found Gold, which trades nearly 20x to 30x higher. (2) Based on the current market, ELEM's valuation is about $1 per share right now. (2)

Stocks like this should be added to the top of your watchlist. It's rare to find such an under-the-radar opportunity with such unique potential upside based on early corporate actions. Pay close attention as drilling commences at Element79 Gold /zigman2/quotes/229497565/composite ELMGF -3.95% /zigman2/quotes/228532336/delayed CA:ELEM +3.23% , similar companies have returned +2,390% to early investors. (1,2)

Click HERE to read more about ELMGF

Some of the other Gold stocks, Gold ETF's and related stocks to keep on radar include Newmont /zigman2/quotes/205356474/composite NEM -3.34% , Barrick Gold /zigman2/quotes/201432642/composite GOLD -3.28% , AngloGold Ashanti /zigman2/quotes/204252891/composite AU -4.41% , Agnico Eagle Mines (AEM), Gold Fields (GFI), Wheaton Precious Metals (WPM), Sibanye Stillwater (SBSW), VanEck Gold Miners ETF (nysearca:GDX) and the VanEck Gold Miners ETF (nysearca:GDXJ). Other notable active stocks to watch out include Evofem Biosciences Inc /zigman2/quotes/209433649/composite EVFM -4.51% , Acutus Medical Inc /zigman2/quotes/219869263/composite AFIB +14.30% , Axsome Therapeutics Inc /zigman2/quotes/200978956/composite AXSM +31.54% , NeuroSense Therapeutics Ltd /zigman2/quotes/230850337/composite NRSN -5.14% .

Sources:
1 https://finance.yahoo.com/quote/SKE.TO/chart?p=SKE.TO
2 https://capitalrankings.com/inflation-report-ca/
3. https://mineralreportstoday.com/the-hidden-gem-of-2022/?utm_source=wallstreetpr&utm_medium=influencer&utm_campaign=elmgf

Legal Disclaimer: Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance, or achievements expressed or implied by such statements. WallStreetPR.com is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. WallStreetPR.com has been compensated $1000 for ticker tagging service on ELMGF by a 3rd party Life Water Media.

Please make sure to read and completely understand our disclaimer at https://www.wallstreetpr.com/disclaimer . While reading this article one must assume that we may be compensated for posting this content on our website.

The post Gold Stocks Could Take Centerstage Owing to Russian Ban: Element79 Gold (ELMGF) appeared first on Wall Street PR .

COMTEX_409340772/2770/2022-06-28T00:25:15

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/zigman2/quotes/228532336/delayed
CA : Canadian Securities Exchange
$ 0.16
+0.0050 +3.23%
Volume: 30,300
Nov. 28, 2022 3:11p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$11.49 million
Rev. per Employee
N/A
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/zigman2/quotes/229497565/composite
US : U.S.: OTC
$ 0.10
-0.0042 -3.95%
Volume: 0.00
Nov. 18, 2022 9:46a
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$7.14 million
Rev. per Employee
N/A
loading...
/zigman2/quotes/228532336/delayed
CA : Canadian Securities Exchange
$ 0.16
+0.0050 +3.23%
Volume: 30,300
Nov. 28, 2022 3:11p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$11.49 million
Rev. per Employee
N/A
loading...
/zigman2/quotes/229497565/composite
US : U.S.: OTC
$ 0.10
-0.0042 -3.95%
Volume: 0.00
Nov. 18, 2022 9:46a
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$7.14 million
Rev. per Employee
N/A
loading...
/zigman2/quotes/228532336/delayed
CA : Canadian Securities Exchange
$ 0.16
+0.0050 +3.23%
Volume: 30,300
Nov. 28, 2022 3:11p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$11.49 million
Rev. per Employee
N/A
loading...
/zigman2/quotes/229497565/composite
US : U.S.: OTC
$ 0.10
-0.0042 -3.95%
Volume: 0.00
Nov. 18, 2022 9:46a
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$7.14 million
Rev. per Employee
N/A
loading...
/zigman2/quotes/228532336/delayed
CA : Canadian Securities Exchange
$ 0.16
+0.0050 +3.23%
Volume: 30,300
Nov. 28, 2022 3:11p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$11.49 million
Rev. per Employee
N/A
loading...
/zigman2/quotes/229497565/composite
US : U.S.: OTC
$ 0.10
-0.0042 -3.95%
Volume: 0.00
Nov. 18, 2022 9:46a
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$7.14 million
Rev. per Employee
N/A
loading...
/zigman2/quotes/228532336/delayed
CA : Canadian Securities Exchange
$ 0.16
+0.0050 +3.23%
Volume: 30,300
Nov. 28, 2022 3:11p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$11.49 million
Rev. per Employee
N/A
loading...
/zigman2/quotes/205356474/composite
US : U.S.: NYSE
$ 44.32
-1.53 -3.34%
Volume: 9.25M
Nov. 28, 2022 4:00p
P/E Ratio
35.14
Dividend Yield
4.96%
Market Cap
$36.39 billion
Rev. per Employee
$391,645
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/zigman2/quotes/201432642/composite
US : U.S.: NYSE
$ 15.35
-0.52 -3.28%
Volume: 26.02M
Nov. 28, 2022 4:00p
P/E Ratio
14.41
Dividend Yield
4.89%
Market Cap
$28.49 billion
Rev. per Employee
$560,423
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/zigman2/quotes/204252891/composite
US : U.S.: NYSE
$ 17.36
-0.80 -4.41%
Volume: 2.77M
Nov. 28, 2022 4:00p
P/E Ratio
13.19
Dividend Yield
2.41%
Market Cap
$7.76 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/209433649/composite
US : U.S.: OTC
$ 0.07
-0.0034 -4.51%
Volume: 2.06M
Nov. 28, 2022 3:58p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$7.05 million
Rev. per Employee
$130,815
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/zigman2/quotes/219869263/composite
US : U.S.: Nasdaq
$ 0.80
+0.10 +14.30%
Volume: 196,331
Nov. 28, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$19.92 million
Rev. per Employee
$46,636
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/zigman2/quotes/200978956/composite
US : U.S.: Nasdaq
$ 74.74
+17.92 +31.54%
Volume: 10.74M
Nov. 28, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$2.47 billion
Rev. per Employee
$237,644
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/zigman2/quotes/230850337/composite
US : U.S.: Nasdaq
$ 1.66
-0.09 -5.14%
Volume: 47,232
Nov. 28, 2022 3:59p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$20.43 million
Rev. per Employee
N/A
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