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A look at the top five companies that performed well this year in the TSXV.
The S&P/TSX Venture Composite Index (INDEXTSI:JX) was up this year increasing over 45 percent year to date, to close at 762.37 points.
A number of stocks were also on the rise this year, with gains as high as over 2800 percent over the twelve-month period.In particular, base metals, precious metals and energy industries had some of the top-gaining stocks.
The top five stocks for the year were:
White Gold Corp. (TSXV:WGO)
Darnley Bay Resources (TSXV:DBL)
Hunt Mining Corp. (TSXV:HMX)
Rock Tech Lithium (TSXV:RCK)
Monarques Gold Corp. (TSXV:MQR)
Here’s a closer look at those companies:
White Gold
White Gold, former G4G Capital Corp, owns a portfolio of 12,301 quartz claims across 21 properties covering approximately 249,000 hectares representing approximately 30 percent of the Yukon’s White Gold District. In total over $25 million has been previously spent exploring the 21 Properties.
The company recently changed its name to better reflect the company’s business plan in the White Gold District. Over the twelve months period, shares of White Gold saw an increase of 2875 percent to reach $1.19.
Darnley Bay Resources
Darnley Bay Resources is a development stage company with two advanced base metal projects in Western Canada and one exploration project in the Canadian Arctic. The projects under option contain an estimated 288 million pounds of molybdenum, 1.29 billion lbs of zinc, 168 million lbs of lead and 5.4 million ounces of silver.
The company recently announced the purchase of Pine Point Project, a 42 zinc-lead deposits over a 68 km strike length in the Northwest Territories.This year, shares of the company increased over 2666 percent to reach $0.415.
Hunt Mining
Hunt Mining controls extensive mineral rights in Santa Cruz Province, Argentina. Two projects, La Josefina and La Valenciana, are being explored and developed under an agreement with the provincial mining authority (Fomicruz).
In May 2016, Hunt Mining  closed on the purchase of the Martha Mine, just 120 kilometres to the south of these 2 projects. Martha Mine produced more than 25 million oz. silver and 25,000 oz. gold, and the complex comes with infrastructure investments worth over US$30 million.
Shares of Hunt Mining closed the year out at $0.28–a 1766.67 percent increase year to date.
Rock Tech Lithium
Rock Tech Lithium is an exploration company focused on acquiring and exploring properties in the field of lithium and other selected battery metals.
The Company’s 100 percent-owned Georgia Lake lithium property, located northeast of Thunder Bay, Ontario, has an NI 43-101 compliant indicated resource estimate of 3.19 million tonnes grading 1.10 percent lithium oxide in addition to an inferred resource estimate of 6.31 million tonnes grading 1.00 percent lithium oxide.
Shares of Rock Tech Lithium closed the year out at $0.89–a 1680 percent increase over the week.
Monarques Gold
The next top TSXV stock of 2016 is Monarques Gold Corp, that it is focused on becoming the leading explorer and developer of gold properties in the Val-d’Or/Abitibi gold camp in Quebec, Canada.
The company currently has approximately 200 km² of gold exploration properties along the Cadillac Break, including its main asset, the Croinor Gold mine. Monarques Gold has close to $9 million in credits from Quebec’s Ministry of Energy and Natural Resource.
The company’s shares saw an increase of over 550 percent to finish the year at $0.390.
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Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.
RCK:CA
