Suriname set to become a growth champion! Sranan Gold, Newmont, TotalEnergies

Suriname attracts commodity giants Newmont and TotalEnergies

The South American country of Suriname is increasingly catching the eye of commodity investors. A stable democracy offering companies legal certainty for over 35 years and rich mineral deposits makes the country highly attractive. Although Suriname has recently faced high inflation, the government is already taking countermeasures and is aiming for an inflation rate of just over 10% by the end of 2025. Such inflation may sound high, but the sharp rise in investment in the country must be taken into account. Among other things, thanks to Newmont's Merian gold mine and TotalEnergies' GranMorgu project, a lot of money is flowing into the small South American country. While the Merian gold mine has been in production since 2016, the giant oil field, which is expected to produce up to 220,000 barrels per day, is scheduled to start production in 2028. TotalEnergies has already invested around USD 1.4 billion in the oil field and praises the rapid progress from the first drilling in 2022 to the now confirmed production decision.

Sranan Gold advances promising gold project in Suriname

From a geopolitical standpoint, Suriname sits between the two power blocs of the US and China – the country has entered into an investment agreement with the US this year, and Chinese company PetroChina is also active in the country. Government representatives emphasize how important it is for the country to maintain diverse partnerships. One of these partnerships is with Canadian gold explorer Sranan Gold, which owns the 29,000-hectare Tapanahony property in the east of the country, close to existing open-pit mines. Sranan follows a classic exploration model: the Company identifies promising zones, conducts systematic drilling, sampling, and outcrop work, with the aim of discovering a viable deposit. In the summer, drill results of 36.7 g/t gold over 5 meters were convincing. Sranan CEO Oscar Louzada emphasizes that his company is advancing "gold exploration in an *underexplored, geologically very promising area."**

If further drilling results are convincing, Sranan Gold intends to expand its property and potentially develop the Tapanahony project into a mine. The fact that such plans are entirely realistic is demonstrated by existing gold projects in the country, which are operated by Newmont and IAMGOLD, among others. Newmont, for instance, is already facing challenges at its Merian mine. According to Reuters, gold production at the mine has declined by roughly 50% since 2021, while costs have risen by around 50%. The reason: high-grade areas of the mine have already been exploited, making the processing of the remaining rock more complex and expensive. Although the sharp rise in gold prices since 2021 should benefit Newmont, the Company adjusted its Suriname strategy in the summer, including layoffs at Merian, and it also announced plans to expand elsewhere. If other gold properties in Suriname with high grades and positive prospects for gold production come into focus, Newmont is likely to consider an acquisition. IAMGOLD, which is already active in Suriname, and other mining giants that do not yet have the politically stable South American country in their portfolios could also show interest in promising properties such as those owned by Sranan Gold.

Exploration work reveals further potential

Just two weeks ago, further drilling results confirmed the potential: Sranan Gold intersected 3.64 g/t gold over 11.5 meters. "These initial drill results are critical to testing the gold potential of the Randy's Pit target area," said Dennis LaPoint, Executive Vice President of Exploration and Corporate Development, in the press release at the time. "The results in saprolite, where no mining by small-scale miners has taken place, define, in addition to the trench results reported on September 9, 2025, a 500-meter gold-bearing corridor where gold occurs in near-surface weathered rock. We expect further drilling to define the grade, orientation, and structural controls of the Randy's trend in weathered rock."

Sranan Gold stock still largely undiscovered

While many stocks in the gold sector have already jumped significantly in recent months, Sranan Gold has only posted a rather modest return of 8.5% over the past six months. The still low market capitalization of EUR 14.3 million also suggests that the stock is still relatively undiscovered. Although it is an early-stage company, this could open up the opportunity for dynamic price performance. The fact that Sranan operates in Suriname should be considered an advantage rather than a disadvantage. The country offers legal certainty, a functioning bureaucracy, and has already attracted large companies from the mining sector in the past.