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Today's Bonus News The Metals Market Is Heating Up—4 Stocks Poised to ShineWritten by Bridget Bennett. Published 11/6/2025. 
Key Points - Gold has risen from $1,800 to nearly $3,000—and according to Brett Eversole, it could go much higher.
- Retail investors are just starting to re-enter the gold market, signaling a new, accelerating phase.
- Four metal stocks offer potential upside for investors looking beyond bullion: AG, HL, EQX, and SA.
It's one of the fastest-growing markets out there, yet most investors are still ignoring it. Gold has climbed from about $1,800 an ounce to nearly $3,000, and according to Stansberry Research's Brett Eversole, that's just the beginning. He believes this bull market could ultimately send gold to $8,000–$10,000 per ounce before it's all over. 7 High Yield Dividend Stocks to Buy Now 💰
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- Valuations rise quickly
- The boom can eventually become a bubble
But, as Eversole puts it, "Between now and then, there's a lot of money to be made." Why Gold (and Silver) Still Have Room to Run Markets move in cycles. The last major gold boom began in 2001 and lasted about a decade, with prices rising roughly 600% before peaking. The current cycle began around 2018, so we're still only a few years into a similar long-term trend. If history repeats, gold could roughly double from here—and silver may outperform. Silver has long been the "wild card" of the metals world: more volatile and speculative, but capable of much larger percentage gains once momentum builds. Eversole believes we're entering that stage now. If gold reaches $8,000, silver could hit $200 an ounce—about 4x upside from current levels. That makes the right mining stocks particularly compelling today. 4 Mining Stocks That Could Lead the Metals Boom There are several ways to play a metals bull market—these four names illustrate different approaches. They aren't household names (yet), but Brett Eversole identifies them as having significant upside if gold and silver continue to rise. First Majestic Silver: A Pure Play on Silver's Breakout If silver takes off late in this bull cycle, First Majestic Silver (NYSE: AG) could be a major beneficiary. Headquartered in Canada, the company's mining operations are all in Mexico, and about 60% of its revenue comes from silver. This isn't a newcomer to metals rallies. "During the early 2000s, they were up five or six hundred percent in a couple of years," Brett says. "Coming out of the financial crisis, they were up a couple of thousand percent." That historical performance matters: First Majestic doesn't just move with silver—it can surge when the metal rallies. Hecla Mining: A Low-Cost Producer with Big Leverage Hecla Mining (NYSE: HL) offers exposure to both gold and silver, with production split roughly 50/50. What sets Hecla apart is where it operates and how low its costs are. "They've got strong assets in good places and they're a low-cost producer," Brett notes. "Their cost to pull an ounce of silver out of the ground is around $13 an ounce. That's about half what the industry average is." That cost advantage becomes powerful when metals prices rise. Hecla's low base allows it to capture more profit on each price increase—without relying on exotic jurisdictions or unproven projects. Equinox Gold: From Builder to Cash Generator Equinox Gold (NYSEAMERICAN: EQX) has shifted from asset accumulation to profitability. After years of investing in growth, the company is moving into a phase focused on cash generation—just as gold prices accelerate. Production is projected to rise from 800,000 to 1.2 million ounces by 2027, while costs are expected to fall from $1,900 to $1,500 per ounce. That operational pivot is exactly what investors look for. "This company is going to turn into a cash-gushing machine," Brett says. With projected free cash flow rising from roughly $80 million to about $1 billion, Equinox is positioning itself as a miner built for the moment. Seabridge Gold: A High-Upside Bet on What's Still Underground Seabridge Gold (NYSE: SA) doesn't currently produce gold, but it may hold one of the most valuable undeveloped gold and copper assets in the world. Its flagship KSM project in British Columbia is estimated to contain $25–$30 billion worth of metals. What Seabridge needs now is a partner. "I think that when that joint venture deal is announced… this is a massive upside catalyst for the stock," Brett says. Because of its structure, Seabridge is highly leveraged to the price of gold. As prices rise, the economic value of its reserves grows dramatically. If a joint-venture announcement comes while gold is climbing, Seabridge could reprice quickly and substantially. Why the Rally Still Has Room to Run This isn't just a short-term surge. Eversole argues we're still early in a global boom that's lifting many asset classes: - Stock markets around the world are at or near all-time highs
- Mid-cap and small-cap equities are breaking out
- Gold and silver are surging alongside them
When multiple sectors and geographies rally together, it often signals broad-based strength—not merely a temporary rush into a single asset class. The Risk—and the Opportunity Metals can be volatile. Gold has moved sharply in recent months, and a pullback wouldn't be surprising. Eversole views dips as buying opportunities rather than red flags. The "mania phase"—when everyone's talking about gold, ads flood the internet, and retail piles in at the top—hasn't arrived yet. We're not there yet. And that's exactly why there may still be time to position for what comes next.
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