Top 10 Gold Stocks to Watch in 2016

6. New Gold Inc. (NYSEMKT:NGD)

New Gold Inc. (NYSEMKT:NGD) is headquartered in Vancouver, Canada. It is an intermediate mining company, with four producing assets located in Canada, the U.S., Australia, and Mexico. It also has a portfolio of development projects.

As of December 31, 2014, New Gold had 17.64 million ounces of gold in its proven and probable reserves. It also had 8.3 million ounces of gold in its measured and indicated resources.

In the third quarter of 2015, the company produced 122,580 ounces of gold, which is 31% higher than the production in the year-ago period, at an all-in sustaining cost of $788.00 per ounce. In the same period a year ago, its all-in sustaining costs were $848.00 per ounce. (Source: “New Gold’s Third Quarter Delivers 31% Increase in Gold Production at Lower Costs,” New Gold Inc., October 28, 2015.)

With a market capitalization of $1.2 billion, this gold stock trades around $2.30 per share.

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7. Primero Mining Corp. (NYSE:PPP)

Based in Toronto, Canada, Primero Mining Corp. (NYSE:PPP) has operating mines in Canada and Mexico. In addition, the company has a portfolio of development and exploration projects.

In the third quarter, Primero Mining produced 68,620 gold equivalent ounces at an all-in sustaining cost of $775.00 per ounce. Production at the company increased by 15%. Costs to production saw a massive decline; in the third quarter of 2015, it was $1,154 an ounce. (Source: “Primero Reports Third Quarter 2015 Results; On-Track to Meet 2015 Production Guidance at Lower Costs,” Primero Mining Corp., November 3, 2015.)

As of December 31, 2014, Primero Mining had 1.92 million ounces of gold in its proven and probable reserves. It also had 3.18 million ounces of gold in its measured and indicated resources and 1.04 million ounces in inferred resources.

With a market capitalization of $370 million, this gold stock trades around $2.25 per ounce.