UBS identifies key gold mining stocks for 2027

UBS has released a targeted selection of gold mining stocks for 2027, advising investors to focus on producers capable of managing rising operational and energy costs. The bank anticipates that unit costs for producers will increase in the coming year, making cost management a critical factor alongside the gold price.

Newmont is identified as the preferred major producer on the list. Other highlighted companies include Barrick, Endeavour Mining, SSR Mining, Skeena Resources, and Franco-Nevada.

Analysts suggest that while industry valuations remain reasonable and margins stay attractive as long as gold stays above $4,000 per ounce, the volatility of the sector remains high. The VanEck Gold Miners ETF, for example, has seen fluctuations of up to 50 percent upward and 40 percent downward within the year.