In this piece we will take a look at three best performing gold penny stocks under $5 to buy in 2025.
Gold prices are on a historic run in 2025, breaking records and fueling investor interest in the precious metals sector. On August 8, U.S. gold futures surged to an all time high of $3,534.10 per ounce, while spot gold held near $3,400/oz, according to Reuters. This milestone came amid uncertainty over potential country specific import tariffs on gold bars, which has intensified safe haven demand. Just a day earlier, on August 7, Reuters reported that spot gold hit a two week high of $3,392.65/oz, supported by both tariff concerns and growing expectations of Federal Reserve interest rate cuts later this year.
These developments follow a year of remarkable strength for the yellow metal, driven by persistent inflationary pressures, robust central bank buying, and geopolitical tensions. With gold trading at historic levels, many investors are turning to gold penny stocks, publicly traded gold miners, explorers, and royalty companies priced under $5, as a leveraged way to capitalize on the rally. These stocks often see amplified gains compared to larger, established gold producers during bull markets.
In 2025, several gold penny stocks have delivered triple digit percentage increases, far outpacing the S&P 500’s modest single digit returns. The appeal lies in their high growth potential, though they also carry higher risks tied to financing needs, project development timelines, and regulatory approvals. In this piece, we will take a look at three best performing gold penny stocks under $5 to buy in 2025. Each of these three stocks has shown exceptional momentum this year and offers unique exposure to the ongoing strength in the gold market.
Our Methodology for Selecting the Best Gold Penny Stocks
To identify the three best performing gold penny stocks under $5 in 2025, we used a single criterion: year to date (YTD) share price gain of over 100% as of August 8. We screened publicly traded gold companies listed on major U.S. stock exchanges with a share price below $5 and YTD share price gain of over 100%. Each operates in gold mining, exploration, or royalties and stands to benefit from record gold prices, with futures hitting $3,534.10/oz on August 8.
3 Best Performing Gold Penny Stocks Under $5 to Buy in 2025
03. Gold Resource Corporation (NYSEAMERICAN:GORO)
Performance YTD as of August 7: 115.69%
Founded in 1998, Gold Resource Corporation (NYSEAMERICAN:GORO) is headquartered in Denver, Colorado. Gold Resource Corporation (NYSEAMERICAN:GORO) is involved in exploring, developing, and producing gold and silver, while also exploring deposits of copper, lead, and zinc. The company owns a 100% stake in the Don David gold mine in Oaxaca, Mexico, which includes two producing properties and four exploration-stage assets spanning about 55,119 hectares. It also fully owns the Back Forty project in Menominee County, Michigan, covering roughly 1,304 hectares.
Gold Resource Corporation (NYSEAMERICAN:GORO) reported its Q2 2025 results on August 6, posting a GAAP loss of $0.09 per share, with gold equivalent sales plunging 57% year over year to 2,420 AuEq ounces. Revenue came from 878 ounces of gold and 150,365 ounces of silver, sold at average prices of $3,350 and $34.35, respectively. All in sustaining costs (AISC) rose to $5,458 per ounce, driving a $11.5 million quarterly loss.
The company raised $21.3 million year to date through equity sales, debt, and tax refunds but warned of substantial doubt about its ability to operate beyond Q3 2026 without operational gains. Management is accelerating development of the high grade Three Sisters vein, expected to deliver 50% of year end output with richer grades and lower costs.
GORO is also shifting to cut and fill mining reducing dilution from 40% to 17%, replacing large loaders with smaller units for selective mining, and adding a third dry stack filter press to ease processing bottlenecks.
Year to date, Gold Resource Corporation (NYSEAMERICAN:GORO) share price has surged 115.69%, vastly outperforming the S&P 500’s 7.79% gain over the same period. This remarkable rally highlights the stock’s strong momentum in 2025, especially when compared to the broader market’s more modest performance.
From analysts standpoint, on August 6, H.C. Wainwright lowered its price target for Gold Resource Corporation (NYSEAMERICAN:GORO) from $1.50 to $1.25 and maintained a buy rating. As of August 8, analysts have an average price target of $1.25 for the stock. With the current price at $0.50, this implies an upside potential of 150%.
02. Gold Royalty Corp. (NYSE:GROY)
Performance YTD as of August 7: 154.55%
Gold Royalty Corp. (NYSE:GROY) is a Vancouver based precious metals royalty company that finances projects in the metals and mining sector. Founded in 2020, it specializes in acquiring royalties, metal streams, and related interests across different stages of a mine’s life cycle, aiming to create a diversified portfolio that delivers returns over the short, medium, and long term.
Gold Royalty Corp. (NYSE:GROY), one of the more promising gold penny stocks, is gaining investor attention after the company posted a strong second quarter 2025 performance. The firm reported record revenue of $4.4 million and adjusted EBITDA of $2.4 million, up nearly 50% from the previous quarter. Positive free cash flow was achieved for the first time, supported by higher gold prices averaging $3,279 per ounce, the ramp-up of key assets such as Côté and Verus, and steady contributions from Bovarema.
Management emphasized debt reduction as a priority, aiming to be effectively net debt free by 2026, while also considering strategic growth opportunities. The company’s convertible debentures and warrants are now deeply in the money, potentially providing additional cash inflows.
Wall Street analysts seem bullish on Gold Royalty Corp. (NYSE:GROY). On August 7, H.C. Wainwright analyst Heiko Ihle increased the price target for Gold Royalty Corp. (NYSE:GROY) from $5.75 to $6.25 and reiterated a Buy rating. On July 16, National Bank analyst Shane Nagle raised Gold Royalty Corp. (NYSE:GROY) price target to $3 and maintained an Outperform rating. As of August 8, analysts have an average price target of $3.70 for the stock. With the current price at $3.08, this implies an upside potential of 20%.
Operationally, Côté exceeded nameplate capacity ahead of schedule, and Bovarema maintained its 2025 production guidance, generating $1.2 million in quarterly revenue. While Verus cut its full year guidance, strong performance from other assets should offset the impact, allowing Gold Royalty Corp. (NYSE:GROY) to maintain its 2025 and five year gold equivalent ounce targets.
With ongoing sector consolidation and rising institutional interest in royalty companies, Gold Royalty Corp. (NYSE:GROY) diversified portfolio, improving cash flow, and disciplined capital allocation could make it a standout among gold penny stocks for investors seeking exposure to the gold royalty space with growth potential.
01. International Tower Hill Mines Ltd. (NYSEAMERICAN:THM)
Performance YTD as of August 7: 214.01%
International Tower Hill Mines Ltd. (NYSEAMERICAN:THM) is a development-stage mining company focused on acquiring, exploring, and advancing mineral properties. It owns the Livengood Gold Project in full, a 19,546 hectare property situated northwest of Fairbanks, Alaska. Formerly operating as Tower Hill Mines Ltd., the company adopted its current name in March 1991. Founded in 1978, International Tower Hill Mines Ltd. (NYSEAMERICAN:THM) is based in Vancouver, Canada.
International Tower Hill Mines Ltd. (NYSEAMERICAN:THM) remains a speculative player in the gold penny stocks segment, focusing on advancing its flagship Livengood Gold Project in Alaska. The company holds a 100% interest in the project, which boasts proven and probable reserves of 9.0 million ounces of gold and an additional 4.62 million ounces in measured and indicated resources. Despite these substantial resources, the company is still in the development stage, with no commercial production to date.
In Q1 2025, International Tower Hill Mines Ltd. (NYSEAMERICAN:THM) reported a net loss of $669,068, slightly higher than the $545,308 loss recorded in Q1 2024, largely due to increased consulting fees, environmental work, and share based compensation. The company strengthened its cash position to $4.26 million through a $3.9 million private placement in March 2025, which is expected to fund its $3.7 million work program for the year. Key initiatives include metallurgical studies on stibnite antimony mineralization, environmental baseline data collection, and community engagement to advance permitting.
The company is scheduled to release its Q2 results on August 8, however, as of the time this article was published on that date, the results had not yet been made available.
International Tower Hill Mines Ltd. (NYSEAMERICAN:THM) future hinges on securing additional financing or forming strategic alliances to fund mine development. While the company’s large gold resource base is a positive long term asset, its penny stock status reflects ongoing operational losses, financing dependence, and permitting risks. This makes it a high risk, high reward option for speculative gold investors.
As of August 8, analysts set an average price target of $2.00 for International International Tower Hill Mines Ltd. (NYSEAMERICAN:THM), suggesting a potential upside of about 40% from its current price of $1.43. So far in 2025, the stock has soared 214.01%, dramatically outpacing the S&P 500’s 7.79% gain during the same period. This exceptional performance underscores the company’s strong upward momentum this year, especially in contrast to the broader market’s comparatively modest growth.
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