Best Gold Stocks of Q1 2017 on the TSX

Looking for the best gold stocks? These TSX-listed gold companies have seen the biggest year-to-date gains.

best gold stocks

The gold price surged almost 9 percent in the first three months of 2017 as geopolitical tension prompted investors to turn to precious metals as safe-haven assets.

Gold’s future is uncertain, but factors like US President Donald Trump, the US Federal Reserve and European elections have many market participants anticipating further gold price increases this year. Gold stocks could rise as well — in fact, since the start of the year many gold-focused companies have seen significant share price increases.

The list below was generated using The Globe and Mail’s market data filter, and it shows the TSX-listed best gold stocks that saw the biggest share price gains from January 1 to April 10. Only companies with market caps above $50 million are included.

You can find our list of the top-performing TSXV-listed best gold stocks in Q1 by clicking here.

1. Osisko Mining (TSX:OSK)

Current price: $5.46; year-to-date gain: 123.77 percent

Osisko Mining is focused on the acquisition, exploration and development of precious metals properties in Canada. Its assets include the Windfall Lake and Marban Block gold properties, both located in Quebec, as well as the Ontario-based Garrison gold property.

In 2017, Osisko has focused mainly on Windfall Lake and Garrison, and has released a slew of drill results from both properties. Most recently, the company intersected 19.4 g/t gold over 7.9 meters at Windfall Lake, and 45 g/t gold over 2.4 meters at Garrison. It is completing a 400,000-meter program at Windfall Lake and a 35,000-meter program at Garrison.

2. Marathon Gold (TSX:MOZ)

Current price: $1.03; year-to-date gain: 74.58 percent

Marathon Gold is currently advancing its Valentine Lake gold camp in Newfoundland, which hosts four near-surface, mainly pit-shell constrained gold resources. A Q1 resource estimate update places the property’s total measured and indicated resource at 1,388,200 ounces of gold at 1.91 g/t; its inferred resource stands at 766,500 ounces of gold at 2.24 g/t.

Like Osisko, Marathon has kept a steady stream of drill results coming in 2017. Its latest results came on March 13, when it intersected 2.92 g/t gold over 71 meters, 1.88 g/t gold over 136 meters and 2.35 g/t gold over 29 meters at Valentine Lake’s Marathon deposit. A 30,000-meter program is currently taking place.

3. Corvus Gold (TSX:KOR)

Current price: $0.88; year-to-date gain: 60 percent

Gold exploration and development company Corvus Gold is focused on its near-term gold-silver North Bullfrog project in Nevada. The company also controls a number of royalties on North American gold, silver and copper exploration projects.

Corvus has been busy drilling this past quarter as well. Since the start of 2017 the company has put out results from North Bullfrog’s Liberator zone, Western zone and North Jolly Jane target.

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4. Treasury Metals (TSX:TML)

Current price: $0.78; year-to-date gain: 30 percent

Treasury Metals is a gold-focused exploration and development company with assets in Ontario. It is currently developing the Goliath gold project.

The company’s most notable Q1 release came in March, when it put out an updated preliminary economic assessment for Goliath. The new report increases Goliath’s life-of-mine gold production profile by 37 percent, and calls for average annual output of 87,850 ounces of gold.

5. Pretium Resources (TSX:PVG)

Current price: $14.46; year-to-date gain: 30.22 percent

Pretium Resources is advancing its BC-based Brucejack gold project toward construction, and is targeting commercial production this year. The primary focus at Brucejack is the Valley of Kings deposit, which has proven and probable mineral reserves of 8.1 million ounces of gold.

In March, the company announced its 2016 results, and said that the transmission line for Brucejack has been energized. Dry commissioning at the project has begun, and wet commissioning will start in April.

Don’t forget to follow us @INN_Resource for real-time news updates.

Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.


This article is updated each quarter. Please scroll the top for the most recent information.

Best Gold Stocks 2016: The TSX’s Top Performers

By Jocelyn Aspa, January 5 2017

Without a doubt, it’s been an interesting year for the gold price. Mid-year, the yellow metal reached $1,365.40 following the United Kingdom’s decision to leave the European Union and naturally dropped off slightly after that. Ever since Donald Trump was elected the next president on November 8, the gold price has seen near nine-month lows; however, gold mining companies are still faring well despite the gold price’s recent tumble.

On that note, gold stocks in 2016 have outperformed gold stocks in 2015 with some reaching over 300 percent in 2016. So, with that being said, here is a list of the S&P/TSX Composite index (INDEXTSI:OSPTX)’s best gold stocks 2016. For those interested in 2015 data, it be found at the bottom of this article.

The list below was generated using The Globe and Mail’s market data filter, and does not include companies with a market cap of less than $50 million. For investors concerned about the current state of the gold market, it may provide some reassurance that there is still money to be made.

1.  Erdene Resource Development (TSX:ERD)

Current price: $0.81; 2016 percentage gain:337.50 percent

Erdene Resource Development has a diverse portfolio of projects containing gold, as well as silver, lead, zincmolybdenum and copper. That said, the company’s projects include two significant gold discoveries (Bayan Khundii and the Altan Nar projects, of which Erdene owns 100-percent interest.

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Discovered in the second quarter of 2015, Erdene’s Bayan Khundii project has–according to the company–become its “highest priority project” based on the high grades, zones coming to the surface, and size potential.

In December 2016, the company announced drill results from its Altan Nar gold project and Altan Arrow gold-silver project in Mongolia.

2.  Golden Star Resources (TSX:GSC)

Current price: $1.00; 2016 percentage gain: 321.28 percent

Golden Star Resources has the Wassa and Prestea mines on the Ashanti Gold Belt in Ghana.  The company owns the Wassa Gold Mine and processing operations through a 90 percent subsidiary, and has mineral reserves of 1.5 million ounces of gold. The Prestea Gold Mine has been in operation for over 100 years and has produced over 9 million ounce of gold, to date. The mine was acquired by Golden Star Resources in 2002.

Most recently, the company’s quarter 3 2016 results were released, noting it remains on track to achieve 2016 full year production, with 22,290 ounces from the Wassa Gold Mine and 22,684 ounces from the Prestea Gold Mine.

3. Gabriel Resources (TSX:GBU)

Current price: $0.58; 2016 percentage gain: 278.57 percent

Gabriel Resources is currently focused on permitting and developing its Rosia Montana gold and silver project in Romania. According to the company’s website, the project has measured and indicated resources of 171 million ounces of gold as well as 1.1 million ounces of silver.

The company is also exploring its Bucium project, targeting epthermal gold-silver as well as porphyry copper-gold deposits.

Gabriel Resources released its 2016 third quarter report in November. Despite the company’s efforts to permit and develop the Rosia Montana project, Gabriel Resources has struggled with its advancement, noting it will be pursuing an ICSID Attribution claim against Romania.

4. Luna Gold (TSX:LGC)

Current price: $1.66; 2016 percentage gain: 253.33 percent

Luna Gold operates the Aurizona Mine. In September 2016, a prefeasibility study was released, which is based on a new mine plan. According to the study, it outlines an average production of 150,000 ounces of gold per year for the first five years. Currently, a feasibility study is in the works, results of which are expected in the first quarter of 2017. Operations are expected to restart at the mine in late 2018.

5.  Vista Gold (TSX:VGZ)

Current price: $1.31; 2016 percentage gain: 232.47 percent

Vista Gold’s focus is currently on the Mt Todd gold project in Australia, with hopes of advancing the project towards development. Acquired in 2006 by the company, the project contains no less than 7.4 million ounces of gold.

On that note, the company most recently announced results of a process area optimization, which have shown the potential to enhance project economics for the Mt Todd gold project.

Don’t forget to follow us @INN_Resource for real-time news updates.

Securities Disclosure: I, Jocelyn Aspa, hold no direct investment interest in any company mentioned in this article.

Gold Outlook 2017!

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This is article is updated each quarter. Please scroll to the top for the most recent information.

Best Gold Stocks 2015: The TSX’s Top Performers

By Charlotte McLeod, November 16, 2015

Last week, the Investing News Network put together a list of the TSX Venture Exchange’s top-performing gold stocks year-to-date. Now it’s time for a look at the top-gaining gold stocks on the TSX. 

The list below was generated using The Globe and Mail’s market data filter, and does not include companies with a market cap of less than $50 million. For investors concerned about the current state of the gold market, it may provide some reassurance that there is still money to be made.

Without further ado, here’s a look at the TSX best gold stocks 2015.

1. Claude Resources (TSX:CRJ)

Current price: $0.72; year-to-date gain: 128.57 percent; 52-week high: $0.82.

Claude Resources has been producing since 1991, and since that time has put out over 1 million ounces from its Seabee gold operation in Northeastern Saskatchewan. Its Amisk gold project is in the same location. Most recently, the company released its results for the third quarter of 2015, reporting net earnings of $5.7 million, or $0.03 per share, and increasing its 2015 production guidance to 70,000 to 75,000 ounces.

The company was also one of the top-gaining stocks on the TSX in 2014.

2. Sabina Gold & Silver (TSX:SBB)

Current price: $0.63; year-to-date gain: 77.46 percent; 52-week high: $0.64.

Sabina Gold & Silver’s aim is to become a mid-tier gold producer, and its flagship projects are all located in Nunavut. They include: the Back River gold project, the Wishbone greenstone belt and a royalty on the Hackett River silverzinc project. Like Claude, the company also recently released its Q3 results, highlighting the positive reaction to the initial project feasibility study for Back River.

3. Perseus Mining (TSX:PRU,ASX:PRU)

Current price: $0.34; year-to-date gain: 44.68 percent; 52-week high: $0.48.

Perseus Mining is focused on West Africa, and has been producing gold since 2011. Its lead project is the Ghana-based Edikan gold mine, but it has also completed a revised feasibility study for its Sissingue project in Cote d’Ivoire. In its recently released Q3 report, the company said it achieved gold production of 44,267 ounces, on track with guidance.

4. Banro (TSX:BAA,NYSEMKT:BAA)

Current price: $0.24; year-to-date gain: 60 percent; 52-week high: $0.47.

Banro owns two producing gold mines, as well as two gold exploration projects in the Democratic Republic of the Congo. The company’s Twangiza mine has been producing since 2011, and its Namoya mine is currently ramping up to full commercial production. In Q3, Twangiza put out 34,824 ounces of gold, while stacked material and gold content continued to build at Namoya. Banro’s net income before non-cash impairment charges came to over $10 million.

Gold Outlook 2017!

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5. Kirkland Lake Gold (TSX:KL)

Current price: $5.22; year-to-date gain: 56.12 percent; 52-week high: $6.88.

Kirkland Lake Gold owns five former high-grade mines that together produced 22 million ounce of gold at an average grade of 15.1 g/t. At the moment, it’s operating the Macassa mine complex, which includes the South mine complex, and produces over 150,000 ounces of gold a year. Unlike the other companies on this list, Kirkland Lake has not yet put out its Q3 results; however, it recently provided an update on underground exploration drilling at the South mine complex.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article. 

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