How I choose precious metal mining stocks, and I name three that I like now. (Not investment advice)
I will be in Mosaic Cafe, Crans Montana, from 10:00 on Tuesday 30th December 2025 in case any of of you are also in Crans Montana and want say hello
In this video, I discuss two characteristics that I look for when I am choosing a precious metals mining company for my portfolio. Then I will name three of my favourites. Nothing of this video is a investment advice.  The price might go to zero. Please always take independent financial advice and do your own research. 
Download the 2026 “Beat the Benchmark” portfolio
If you’d like to see the investments chosen for the 2026 “Beat the Benchmark” portfolio, you can download the full list in Excel format from the website:
👉 https://clivethompson.com
Important disclaimer
Nothing in this video or in the Excel spreadsheet is investment advice or a recommendation.
All investments — including shares — can rise or fall in value, and you may not get back what you invested; a total loss is possible.
This channel does not provide personal financial advice.
Do not act on this information alone; always consult an independent financial adviser who understands your personal situation, objectives, and risk tolerance, and always do your own research.
Support the channel
You can support the channel by using the affiliate links below.
Simply Wall St
Unlock the free version here (no credit card required, one portfolio and up to 10 stocks):
👉 https://goto.simplywal…
To upgrade, use the affiliate link under the video to get 30% off the Unlimited plan.
The Unlimited plan costs less than a cup of coffee per week — and if you can’t afford a cup of coffee, you probably shouldn’t be trading stocks.
Interested in gold or silver?
If you’d like to discuss whether gold or silver could suit your portfolio, pension, or long‑term savings — or simply want guidance on what type of gold to own — the following affiliate partners can help.
UK & Europe — Gold Bullion Partners
For buyers in or from the UK (non‑UK buyers also welcome):
Gold Bullion Partners handle large orders efficiently, offer competitive pricing, and provide high‑quality guidance for investors.
📞 Speak to Nick: +44 (0)207 031 8077
Request a call back:
👉 https://goldbullionpar…
Please put “Clive Thompson” in the “How did you hear about us?” box and include your country code.
UK investors: You can now hold gold inside a SIPP, and Gold Bullion Partners can arrange this.
USA — ITM Trading
ITM Trading helps U.S. investors protect and diversify their wealth with gold and silver.
📞 Call: 866-449-9330
Request a call back:
👉 https://calendly.com/i…
More information:
👉 https://learn.itmtradi…
About me
I’ve been investing for over 50 years.
There have been plenty of mistakes along the way, but each one has been a lesson, and over time that experience has turned into a disciplined approach to risk and return.
On this channel, you’ll find what has been learned about investing in stocks, bonds, cash, gold, silver, property, and private equity — not so you can copy trades, but so you can avoid the same mistakes and make better decisions for yourself.
Find out more. Https://clivethompson.com
41 Comments
Torex Gold Resources is a Toronto-based Canadian intermediate gold producer focused on its wholly owned Morelos Complex in Mexico’s Guerrero Gold Belt, where it operates the ELG open pit and underground mines alongside the newly ramped-up Media Luna underground mine, churning out gold with significant by-product copper and silver credits for diversified, lower-cost output. Traded on the TSX under TXG, the company has solidified its position as Mexico’s largest gold producer while maintaining a strong balance sheet and exploration upside across its vast land package. The real upside catalyst is the ongoing ramp-up of the high-margin Media Luna copper-gold-silver mine—which achieved first concentrate in Q1 2025 and commercial production shortly after—poised to reach full designed throughput of 7,500 tonnes per day by mid-2026, driving a sharp jump in production to 450,000-500,000 gold equivalent ounces annually, slashing costs, and fueling robust free cash flow growth. Not investment advice.
Thoughts on VanEck Rare Earth and Strategic Metals ETF?
I am not sure about Silver Corp, the China Taiwan situation looks very fragile to me.
Metalla (MTA) is another royalty company with similar market cap to Gold Royalty Corp.
Ye that is my criteria too, producers already, the journey to producing is costly and difficult, though I do like West Red Lake . It is funny just now looking at returns on miners vs say something that is just normal good like Prosus. Miners for me Serabi +800%, WRL,+60%, Fresnillo +170%, Jaguar +60% and a few others all doing very well just now. Many are so far up that even a set back will be just a blip in the road. I really like miners for many reasons. I do have 2 that went to zero, lost the lot however each was 2% and was well covered by the others. Still learning about miners all the time and it is very interesting takes you down all sorts of roads eg many have a lot of pre processed material in China showing on their balance sheets, which is interesting in itself. Away to look at your ones here Clive thank you, due diligence as always. Thank you very much for the suggestions much appreciate your work. I don't have a royalty one and would like one.
SVM according simplywallstreet is not well coted, super super evaluated.
Hi Clive, about 3 months ago you mentioned you liked McEwen Inc. Do you still like them?
I've been reviewing some commentary on historical asset seizures—the 1933 gold confiscation, the Cyprus bail-in, and more recent events like the US Private Vaults raid. The underlying argument is that during fiscal crises, governments tend to target accessible, visible assets: bank deposits, retirement accounts, even home equity.
I'm curious about your professional assessment. Given current debt levels and the legal mechanisms already in place (administrative holds, tax lien foreclosures, ERISA limitations), how realistic do you consider the risk of expanded government claims on private assets in the next decade? And if there's any substance to these concerns, what legitimate structural adjustments—trusts, equity positioning, diversification—would you recommend for retail investors?
Hey buddy Clive
Raising a trading legend right there.
I picked up 40 shares of WGXRF thank you.
I do have a question. For someone with less than $100,000 to invest, How would you recommend we enter the market. I am looking to study some traders and copy their strategy rather than investing myself and losing money emotionally. What's your take on this approach???
Thank you Clive this is great content.
Great commentary Clive…
Thanks lads
Impact silver
Torex has done well over the last year or so; you think it will bag again?
That young man is incredibly well behaved and mannered. Good on you for getting him learning about commodities, stocks and an overall financial education that is not taught in the least bit in schools. Thank you for the information. I enjoy listening to your insight
Hi, today gold is getting creamed.
Why did this happen?
Who's selling?
🙏 Thx.
Well done, Clive and Clive. Thank you for the info.
Where in this beautiful world are you speaking from today ?
👋
What happens to mining companies in Mexico if the Mexican government decides to nationalize the silver mines?
Shame I'm not in Mosaic Cafe, Crans Montana, would love to meet you and discuss investing with you Clive, I am a big believer in using a catalyst when investing.
How about paas or gdxj?
Hello, thank you !
Enjoy your candor/ straight to the point.
Thanks again
what do you think about comex ?
I love your taste in art Mr. Thompson, I am a big fan of Leonid Afremov myself 😊
Clive
Are you still positive about Equinox Gold, Valterra Platinum, Alamos Gold and Harmony Gold Mining, all mentioned in a video about 3 weeks ago?
Thanks
Clive, you had also picked Ramelius Resources
Westgold Resources
and
PAAS
are they still top picks?
what a adorable young son you have. God bless you both. Thank you for educating me on how to evaluate precious metal stocks.
@boringcurrency YT channel
also explains well all the latest on PMs.
Excellent report 👍👍👍👍👍👍👍😊
Great questions Clive Junior!
Coeur (CDE) AG & HL- throw w little Barrick for solid gold exposure- mostly located in western hemisphere- owning stock in a mine in China- seems shortsighted when we are in the midst of a Cold War
I Hit 19,590 today. I'm really grateful for all the knowledge and nuggets you had thrown my way so far. i Started with smaller amount of 5k a week ago and now I’m at 19k plus today.
So grateful to have found your channel! Wonderful work and great content. Could you please be so kind as to share more on how you do your research? Would love to know trustworthy sources for information to better educate myself on precious metals. Thanks in advance for any assistance from you and Jr!
This kid is smart and will be a great investor one day. He asks good questions already. I can see he listens and is genuinely trying to figure this out. Can see his wheels turning. Nice to see that versus just playing on his phone and tuning Dad out. 😊
Royal Gold (RGLD) might be better value than Gold Royalty Corp (GROY). Both own some good royalties, but GROY has already gone up a lot, while RGLD hasn't yet been given full credit for the assets they acquired when they took over Sandstorm.