Billionaire Family Records 2,409% Gain on Little-Known Stock in Just One Year – Here’s How

Dailyhodl2026/03/20 12:18

By:Dailyhodl

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

A Swedish-Canadian billionaire family has struck gold after investing in a little-known mining stock that exploded 21x in just one year.

The Lundins invested $17.5 million CAD ($12.88 million) in the Vancouver-based metals exploration and development firm Montage Gold Corp (MAUTF) in March 2024, when it was trading at $0.70 CAD ($0.52) per share, Bloomberg reports.

At the time, the Lundins already held a large stake in the mining company and decided to invest additional capital to help bring Montage’s flagship Ivory Coast mine up and running.

The Toronto-listed MAUTF began its ascent in January after the company announced that its Ivory Coast mine would begin producing gold by the end of 2026, earlier than expected. The stock soared to $15.04 CAD ($11.07), delivering an eye-popping 2,409% return for the Lundins in just 12 months.

As of January, Montage’s Ivory Coast mine was estimated to contain $3.1 billion worth of gold, assuming the metal averages $3,000 over the project’s 16-year lifespan. At time of writing, gold is $5,183 – about 7.58% below its all-time high of $5,602, which it hit in late January.

The Lundins control 20% of Montage, valued at around $759 million. Data from the Bloomberg Billionaire Index shows that the Lundins have a net worth of $18.1 billion.

A representative for the Lundin family did not respond to requests for comment.

Generated Image: Midjourney

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

By Doug Busch Shopify is no longer a pandemic-era growth story that simply failed to slow down. It is compounding at a pace few software platforms its size still manage. In the second quarter of 2026, sales on its platform rose 32%. That was the fifth straight quarter of growth exceeding 30%. Merchants are also using more of Shopify's own tools, from payments to Shop Pay, and new channels like AI shopping agents are starting to increase demand. The simple bull case is that the stock already commands a huge share of independent online commerce, and that position should become more valuable as more buying moves through its checkout. A rule of market mechanics is that the vast majority of an individual security's gain is driven by its underlying sector. Within technology, software has staged a robust recovery, joining semiconductors to power the broader sector higher. The iShares Expanded Tech-Software Sector ETF has maintained an upward trajectory since its mid-April lows, though the advance from $74 to $112 has been choppy as bulls repeatedly stepped in to defend when necessary. Breadth across large-cap software has expanded significantly, with 24 constituents surging over 20% over the past three months. During that same three-month window, Shopify generated outstanding relative strength, advancing 36%, more than doubling the IGV's 17% gain over the same period. Expect the stock's outperformance to persist as software momentum broadens. Let's examine the daily and monthly charts to outline the technical drivers behind this thesis. Looking at the daily chart, the ratio chart against the IGV shows persistent outperformance extending back to mid-May. The stock is riding an eight-session winning streak, during which price action cleared a double-bottom-with-handle pivot at $151.39. Within this broader base, the stock recorded a bullish golden cross in late August and successfully filled its Sept. 10 price gap, tracing back to its Aug. 4 session, the day before a powerful earnings reaction sent the stock surging 17% hi

Dow Jones•2026/10/09 03:10