Skeena Resources and DPM Metals have different investment cases. Yet both are extremely attractive to growth investors. Gold stocks offer attractive exposure to precious metals.
Skeena Resources: A fast growing developer
Skeena Resources is not yet attractive because of its profitability, but because of its next-generation gold and silver development. At the time of writing, the mid-cap stock is trading at $29.28 per share, up nearly 135% since the beginning of the year. SKE’s three-year total return is 279.8% plus.
The $2.5 billion precious metals developer is advancing the Eskay Creek Gold-Silver Project in the Golden Triangle, British Columbia, Canada. Eskay Creek has enormous geological potential and is poised to become one of the best and cheapest open gold-silver mines in the world.
As mentioned, the current financial figures do not show any profit. However, resource quality and future asset value of the core asset continue to drive the share price higher. Skeena writes a ‘growth story’ in a stable, renowned, low-risk mining region: Canada. The world-class startup mine is worth the wait.
The Tahltan Nation is Skeena’s partner in advancing the flagship project. According to management, once operational, Eskay Creek is an incredible resource that will provide significant long-term benefits for both partners. In particular, the expected substantial production of silver per project could exceed that of many silver mines worldwide.
Skeena’s future in gold and silver is very lucrative. In addition to the expected high gold content, this involves large-scale production. Eskay Creek will produce 450,000 gold equivalent ounces annually in years 1 through 5. Projected annual after-tax cash flow is $1.1 billion over the same period.
For silver, Eskay Creek will produce 9.5 million silver ounces annually, of which 88 million silver ounces are in reserve. Orion Resource Partners, an alternative investment firm focused on metals and materials, has committed $750 million in capital to finance the project.
Given sufficient funding, Skeena expects Eskay to begin commercial production in 2027.
DPM Metals is already a mid-sized producer, unlike Skeena Resources, which is in the development stage. This $8.6 billion international gold mining company operates outside Canada. The operations and projects take place in Ecuador, Bulgaria, Bosnia and Serbia.
At $38.93 per share, current DPM investors enjoy a market gain of 200.9% this year, along with a modest dividend of 0.67%. The overall positive return over three years is an eye-popping 533.2%. If you had invested $7,000 at the end of 2024, your money would be worth $21,059.51 today.
DPM’s financial results in the first half of 2025 are impressive. In the nine months ended September 30, 2025, net profit and free cash flow (FCF) increased 35% and 51% year-over-year, respectively, to $211.9 million and $321.4 million. Operational excellence and FCF are the growth drivers for this high-flying gold stock.
Which gold shares are best to buy now?
Choosing between Skeena Resources and DPM Metals is easy. It’s either a growth story or a cash flow story. Be that as it may, gold stocks have rewarded investors with huge gains in 2025.
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