Best Junior Gold Stocks of Q1 2017 on the TSXV

Which TSXV-listed gold stocks performed the best in Q1 2017?

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The gold price gained almost 9 percent in the first quarter of 2017, buoyed by rising geopolitical tension. That atmosphere is driving investors to safe-haven assets, and their demand has helped to push the metal’s price above $1,200 per ounce.

Some analysts believe gold is poised for further gains this year due to mounting concerns about US President Donald Trump and other issues. Gold stocks could be due to rise as well — in fact, many already have.

The list below was generated using The Globe and Mail’s market data filter, and it shows the TSXV-listed gold companies with the biggest share price gains from January 1 to April 12. Only companies with market caps above $10 million are included.

Click here to check out our list of the top-performing TSX-listed gold companies in Q1.

1. PNG Gold (TSXV:PGK)

Current price: $0.60; year-to-date gain: 500 percent

PNG Gold is focused on its Normanby and Sehulea exploration licenses in Papua New Guinea. Normanby includes the company’s flagship Imwauna prospect, as well as the Kelas prospect and several other untested prospects.

During the first quarter of the year, PNG Gold closed a $2.3-million private placement. It also received pre-FEED engineering reports from Stantec Consulting and WSP Canada. The reports confirm “that PNG’s ReGenTM re-refining technology process is technologically sound.”

2. Aurion Resources (TSXV:AU)

Current price: $1.75; year-to-date gain: 360.53 percent

Aurion Resources is a precious metals exploration company currently working in Finland. The company’s strategy is to systematically and methodically generate or acquire high-quality, early stage precious metals exploration properties.

In February, the company announced the discovery of a new bonanza-grade gold zone at its Risti project. During the same month, the company closed a $8.6-million private placement. Most recently, on March 20, the company completed the acquisition of gold projects from Tertiary Minerals (LSE:TYM).

3. EnGold Mines (TSXV:EGM)

Current price: $0.55; year-to-date gain: 307.41 percent

EnGold Mines is a gold, copper and silver exploration company focused exclusively on its 18,275-hectare Lac La Hache property in the Cariboo region of BC. The property covers a large porphyry copper-style mineralization system in a region known for world-class porphyry deposits.

In February, the company announced reports from its final fall 2016 drill program. That same month, EnGold announced a new discovery at Lac La Hache and revealed drilling plans. In April, the company reported finding two stronger gravity anomalies near the discovery area. It also reported drill results for Lac La Hache.

4. MacDonald Mines (TSXV:BMK)

Current price: $0.20; year-to-date gain: 207.69 percent

Previously MacDonald Mines Exploration was focused on copper, zinc and nickel exploration in Ontario’s Ring of Fire. Currently, however, it is directing its efforts at gold and silica exploration in Canada.

In January, the company started exploration at its Charlevoix silica property in Quebec and at its Wawa-Holdsworth gold project in Ontario. In March, the company signed a binding LOI with Nobler Mineral Exploration (TSXV:NOB) to acquire a 100-percent interest in the Holdsworth property in Ontario.

5. Nexus Gold (TSXV:NXS)

Current price: $0.25; year-to-date gain: 194.12 percent

Nexus Gold is an exploration and development company currently concentrating on two gold projects in Burkina Faso. The Bouboulou gold concession is a 38-square-kilometer advanced exploration target where previous drilling has confirmed multiple zones of gold mineralization. The Niangouela gold concession is a 178-square-kilometer project featuring high-grade gold occurring in and around a primary quartz vein that is 1 kilometer in length.

In January, Nexus identified high-grade gold at Niangouela from a selected sample in a primary quartz vein; it also started a 1,000-meter drill program in the area. In February, the company increased its Phase 1 drill program and closed a $2-million private placement. Since then it has announced results from the drill program, including 26.69 g/t gold over 4.85 meters.

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.

Editorial Disclosure: Nexus Gold is a client of the Investing News Network. This article is not paid-for content.

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

Best TSXV Gold Stocks 2016

By Jocelyn Aspa, November 30, 2016.

Earlier this week, the Investing News Network published the 5 best stocks on the TSX year-to-date, and now we turn our attention to the junior mining side: the TSX Venture Exchange.

While the gold price has had a bit of an up-and-down year, a number of gold stocks on the S&P/TSX Venture Composite Index (INDEXTSI:JX) have still been performing well. The list was compiled using The Globe and Mail’s market data filter, and does not include companies with a market cap of less than $10 million.

Read on below to find out more about these companies.

1. Rupert Resources (TSXV:RUP)

Current price: $0.70; year-to-date gain: 2,233.33 percent 

First on the top TSXV stocks is Rupert Resources, who now owns a 100 percent interest of the Pahtavaara gold mine in Finland. According to the company’s website, the deposit was first discovered in 1986 and started mining in 1996.  Over the last 20 years, the mine has produced 350,000 ounces of gold.

On November 9, Rupert Resources announced it had fully completed the acquisition of the Pahtavaara gold mine for $2.5 million. In the press release, the company stated that it had undertaken a drilling and exploration back in September.

2. Resource Capital Gold (TSXV:RCG)

Current share price: $0.225; year-to-date gain: 800 percent

Resource Capital Gold has a number of late stage exploration, development and producing gold and silver assets in North America. In particular, the company has a portfolio of gold projects in Nova Scotia, including the Dufferin, Old Dufferin, Forrest Hill and Tangier projects, with over 500,000 ounces of consolidated high-grade gold deposits.

In other news, Resource Capital  announced at the end of November the completion of a preliminary economic assessment (PEA) on the Dufferin Gold Mine and West Dufferin property, showing production of 216,050 ounces of gold during a 10-year mine life.

3. Cornerstone Capital Resources (TSXV:CGP)

Current price: $0.165; year-to-date-gain: 725 percent

Middle of the pack on the TSXV’s 5 top gaining gold stocks for 2016 is Cornerstone Capital Resources, who has a portfolio of gold, silver  and copper exploration projects in Chile and Ecuador.

In particular, the company’s Miocene project in Chile targets epithermal gold-silver as well as porphyry gold-copper deposits. The company has been exploring in Ecuador for over a decade, through its wholly-owned subsidiary, Cornerstone Ecuador S.A. The company has five mineral properties in Ecuador, also targeting epithermal gold-silver and porphyry copper-gold deposits.

4. Coral Gold Resources (TSXV:CLH)

Current price: $0.30; year-to-date gain: 400 percent

Coral Gold is in the process of turning its attention back to gold exploration in Nevada, with a focus on the Battle Mountain Gold trend. As its stands, the company is involved in four projects: the Robertson, Norma Sass, JDN and Eagle–the latter three of which are 100 percent owned by Coral Gold.

5. Brazil Resources (TSXV:BRI)

Current  price: $2.13; year-to-date gain: 373.33 percent

Last but not least is Brazil Resources. Currently, the company is in the process of developing gold projects in the Americas. This includes its Cachoeira and Sao Jorge gold projects in Brazil and its Whistler gold-copper project in Alaska. Other projects include the Rea uranium project in the Athabasca Basin in Saskatchewan.

The company’s two biggest projects are,however the Sao Jorge project and the Cachoeira project. The Sao Jorge has an indicated mineral resource estimate of 715,000 ounces of gold, while the Cachoeira has an estimated 786,737 ounces of gold.

Most recently, Brazil Resources announced the completion of a final tranche of $12.4 million.

That said, with a month to go until 2017, there’s still plenty of time for this list to change — especially considering the US Federal Reserve may raise interest rates at its upcoming December meeting. Investors will no doubt be watching these companies and others in the gold space for developments.

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.

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

By Charlotte McLeod, November 2015

The gold price is currently down about 9 percent year-to-date, and unsurprisingly some investors are having a hard time retaining optimism about the metal and companies looking to mine it.  

However, with a little digging it’s possible to find gold companies that have made substantial gains so far in 2015. With that in mind, the Investing News Network has put together a junior gold stocks list of the TSX Venture Exchange’s top performers year-to-date. The list was compiled using The Globe and Mail’s market data filter, and does not include companies with a market cap of less than $10 million.

Without further ado, here’s the list.

1. Golden Dawn Minerals (TSXV:GOM)

Current price: $0.12; year-to-date gain: 800 percent; 52-week high: $0.30. 

Golden Dawn Minerals is looking at the economic potential of restarting operations at the British Columbia-based May Mac precious metals mine, which produced intermittently between 1903 and 1983. It also holds the adjacent Boundary Falls project.

The company has released a slew of news in 2015, and in October began a drill program focusing on targets at May Mac, as well as at the Glory Hole and Amigo No. 1 veins, both of which are located at Boundary Falls. The program is being completed ahead of “planned underground mine exploration that will be conducted with the purpose of locating resources for a bulk sample and trial mining in the May Mac and Amigo areas.”

Since the start of that program, Golden Dawn has released assay results and provided a general update.

2. Antioquia Gold (TSXV:AGD)

Current price: $0.10; year-to-date gain: 400 percent; 52-week high: $0.10. 

Gold exploration and development company Antioquia Gold is developing an underground mine at its Colombia-based Cisneros project. The mine and processing plant will have an initial capacity of 500 tonnes per day, and will produce about 30,000 ounces of gold per year. Production start is set for July 2016.

Most recently, Antioquia announced the commencement of construction at Cisneros. The work is being completed by Consorcio Guaico under a contract valued at C$1.5 million, and should be complete on or before February 5, 2016. At the same time, the company finalized an agreement to acquire two key mining concessions from Gramalote Colombia, the operating company of a joint venture between B2Gold (TSX:BTO,NYSEMKT:BTG) and AngloGold Ashanti (JSE:ANG).

3. Gold Canyon Resources (TSXV:GCU)

Current price: $0.34; year-to-date gain: 204.35 percent; 52-week high: $0.41.

Gold Canyon Resources holds a 100-percent interest in the Springpole gold project in Ontario, as well as an option to acquire the Horseshoe Island project, also in that province. In addition, it’s part of joint ventures on two rare earths projects.

The company made headlines in September, when First Mining Finance (TSXV:FF) announced plans to acquire both Gold Canyon and PC Gold (TSX:PKL). Gold Canyon President and CEO Akiko Levinson said at the time, “[t]his transaction puts our Springpole gold deposit in the position of forming the foundation for this new, consolidated gold company and we are pleased this transaction reflects this value.”

Shareholders of both Gold Canyon and PC Gold have since approved the deals, and the companies are now seeking final court approval for them.

4. Eloro Resources (TSXV:ELO)

Current price: $0.15; year-to-date gain: 172.73 percent; 52-week high: $0.19.

Exploration and mine development company Eloro Resources is earning a 60-percent stake in the Peru-based Victoria gold-silver property, and also has a portfolio of gold, base metals and royalty properties in Quebec.

Most recently, Eloro announced assay results for 86 rock samples taken from the Rufina East and Rufina West mineralized zones at Victoria. Chip channel samples from Rufina West range from 1.33 g/t gold and 15 g/t silver to 16.6 g/t gold, 157.3 g/t silver and 14.1 percent copper. Meanwhile, saw channel samples from Rufina East range from 0.03 g/t gold, 26.4 g/t silver and 0.11 percent copper to 5.63 g/t gold, 12.1 g/t silver and 0.31 percent copper.

5. Nevada Exploration (TSXV:NGE)

Current price: $0.41; year-to-date gain: 105 percent; 52-week high: $0.94.

Nevada Exploration is focused on the discovery of gold through the application of groundwater chemistry. Essentially, using its proprietary technology it’s able to identify the unique “scent” of groundwater associated with gold mineralization, then follow the trail back to potentially gold-bearing bedrock source.

The company holds a number of properties in Nevada, and in October received new analytical results from eight drill holes at Grass Valley. They confirm the presence of a large, gold-bearing hydrothermal system that’s consistent with the geologic setting of a Carlin-style gold deposit. CEO Wade Hodges said at the time, “these results provide another concrete example of how we are using our groundwater chemistry technology to lead the industry to identify and advance new covered gold projects in Nevada.”

More top TSXV performers

Many other gold-focused companies have also fared well on the TSXV this year. Here are a few more: Merrex Gold (TSXV:MXI), Majestic Gold (TSXV:MJS) and Sunridge Gold (TSXV:SGC).

That said, with a month and a half left in 2015, there’s still plenty of time for this list to change — especially considering the US Federal Reserve may raise interest rates at its upcoming December meeting. Investors will no doubt be watching these companies and others in the gold space for developments.

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

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