5 Explosive Mining Penny Stocks to Watch in 2026

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1. GoldMining Inc (NYSEAMERICAN:GLDG)

Stock Price: $1.22

Number of Hedge Fund Holders: 6

Upside Potential: 197.13%

GoldMining Inc (NYSEAMERICAN:GLDG) is one of the explosive mining penny stocks to watch in 2026. GLDG stock has gained more than 50% over the past year, and the Street expects it to explode more than 190% over the next 12 months.

GoldMining Inc (NYSEAMERICAN:GLDG) released an updated preliminary economic assessment (PEA) for its La Mina project on April 28. La Mina is a gold-copper project located in Antioquia, Colombia. The updated PEA shows a 265% increase in the project’s after-tax NPV (net present value) compared to the prior study.

Using base prices of gold, copper, and silver, the updated PEA study puts the project’s after-tax NPV at $1 billion. This base estimate shows a 2.7-year payback on initial capital expenditures of $523 million.

Using spot prices, the project’s value increases to $1.8 billion. In this case, the initial payback period is 1.9 years.

GoldMining CEO Alastair Still said the updated PEA highlights the underlying potential of the La Mina project. La Mina is a significant piece of GoldMining’s resource portfolio. It represents 9% of the company’s global measured and indicated resources on a gold equivalent basis. Also, the project represents 16% of the company’s inferred resources.

GoldMining Inc (NYSEAMERICAN:GLDG), based in Canada, is a mineral exploration company. It is advancing a portfolio of gold and gold-copper projects across the Americas. The company has projects in the US, Canada, Brazil, Peru, Paraguay, and Colombia.

While we acknowledge the potential of GLDG to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GLDG and that has 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 8 Best Small Cap Robotics Stocks to Buy According to Analysts and 8 Best Young Technology Stocks to Buy Now.

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