12 Most Promising Gold Stocks According to Hedge Funds

8. Pan American Silver Corp. (NYSE:PAAS) 

Number of Hedge Fund Investors: 29

Pan American Silver Corp. (NYSE:PAAS) is a leading precious metals mining company with a focus on silver and gold production. The company operates in North, Central, and South America, and operates a diversified portfolio of high-quality mines and exploration projects.

Exploration remains a core focus for Pan American Silver Corp. (NYSE:PAAS), with significant efforts directed toward expanding existing resources and discovering new deposits. The company’s recent mineral resource update highlighted the potential of its Jacobina mine, where exploration discovered 1.2 million ounces of new gold-inferred mineral resources. Furthermore, Pan American Silver Corp. (NYSE:PAAS) is actively investing in capital projects to enhance its operational efficiency and expand its production capacity. One of the key projects is the new Pace plant at its Bell Creek mine in Timmins, Ontario. This plant aims to reduce tailings disposal costs and increase ore recovery, thereby improving overall profitability. At Jacobina Mine, the company is investing in upgrading the plant facility infrastructure and in a study to maximize Jacobina’s long-term economic and growth potential.

Pan American Silver Corp. (NYSE:PAAS) is also looking for strategic acquisitions and partnerships to strengthen its portfolio and enhance shareholder value. The company is in discussions with several large companies interested in partnering on projects discovered in the past decade. These partnerships could provide the necessary capital and expertise to bring these projects into production.