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.
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.
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.
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.
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.
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.
By Charlotte McLeod
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.
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."
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).
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.
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.
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."
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.
By Jocelyn Aspa
Namibia Rare Earths (TSX:NRE) has filed an application with the Ministry of Mines and Energy for a mining license for the Lofdal rare earth project in Namibia.
As quoted in the press release:
Following the release of the Preliminary Economic Assessment (“PEA”) on November 14, 2014, the Company has focused its operations
By Nick Smith
Sprott US Holdings’ President and CEO, Rick Rule talks about the junior resource sector in 2016 and the year ahead, particularly on precious metals, copper, lithium and uranium.
Fieldex Exploration (FLX : TSXV and F7E : Frankfurt) announced today that it has acquired by map designation two new properties with strong cobalt potential located 40 kilometres north of the village of Grand-Remous in the province of Quebec.
100-per-cent-interest in two cobalt/silver/copper showings located in Quebec;
Strategic acquisition for Fieldex to increase its energy-related offer;
Ucore Rare Metals, Inc. (TSX VENTURE:UCU)(OTCQX:UURAF) (“Ucore” or the “Company”) is pleased to announce the initiation of development of a US-based Strategic Metals Complex (the “SMC” or the “Production Plant”) designed to capitalize on the technology platform advanced via the Company’s recently completed SuperLig®-One pilot facility near Salt Lake City,
Canada Rare Earth Corporation (TSXV: LL) is pleased to announce significant progress towards the permitting of the completed, full capability rare earth separation refinery (the “Refinery”) described in our news release of May 9, 2016.
Peter Shearing, the Chief Operating Officer of Canada Rare Earth, explained, “We have identified a source
While China may have a stranglehold on the rare earths market, it’s not the only country responsible for rare earth production. Here’s a look at the six top rare earth-producing countries, as per 2015 statistics from the US Geological Survey.
Mkango Resources (TSXV:MKA)(AIM:MKA) (the “Corporation” or “Mkango”), is pleased to announce that the Government of Malawi has granted a further two-year renewal for Exclusive Exploration Licence (“EPL”) 0284 (“the Phalombe Licence”), in south-east Malawi. Mkango’s flagship project, the Songwe Hill rare earth project (“Songwe”), for which an updated Pre-feasibility study
Vancouver, British Columbia (FSCwire) – Alix Resources Corp (TSXV:AIX) announces work has commenced on its 100% owned Electra Lithium Project which covers 22,625 hectares adjoining Bacanora Minerals Ltd. (BCN-TSX:V) and Rare Earths Minerals PLC (REM)’s Sonora Lithium Project located in Sonora, Mexico.
Ucore Rare Metals, Inc. (TSX VENTURE:UCU)(OTCQX:UURAF) (“Ucore” or the “Company”) is pleased to provide independent third party review and confirmation of the previously reported operational success of the SuperLig®-One pilot plant near Salt Lake City, Utah (“SuperLig®-One” or the “Plant”). The rare earth element (“REE”) separation process of SuperLig®-One, which
By Pia Rivera
Northern Minerals’ Browns Range Pilot Plant has been approved. Browns Range will be Australia’s first heavy rare earths mine.
MONTRÉAL, QUÉBEC–(Marketwired – Sept. 12, 2016) – Matamec Explorations Inc. (“Matamec” or the “Company”) (TSX VENTURE:MAT)(OTCQX:MHREF) is pleased to announce the signature of a memo of understanding (MoU) by means of which it may acquire the Casa Berardi South and Troilus North gold properties from Greg Explorations Inc. (Greg), subject
MONTREAL, QUEBEC–(Marketwired – Sept. 6, 2016) – Matamec Explorations Inc. (“Matamec” or the “Company”) (TSX VENTURE:MAT)(OTCQX:MHREF) and Canada Strategic Metals (“CSM”) (TSX VENTURE:CJC)(FRANKFURT:YXEN)(OTCBB:CJCFF) are pleased to announce results for the second hole, PT-16-92, drilled during its Summer 2016 exploration program on the Sakami property. This hole, drilled on the Northwest
OTTAWA – Stria Lithium Inc. (TSXV:SRA) is pleased to announce it has been awarded a total of $114,400 in grants from the Government of Québec, Plan Nord, and from Innovation et Développement Manicouagan (CLD) Baie Comeau, to conduct a prefeasibility analysis for the production of lithium metal and lithium foil
MONTREAL, QUEBEC–(Marketwired – Aug. 25, 2016) – Matamec Explorations Inc. (“Matamec” or the “Company”) (TSX VENTURE:MAT)(OTCQX:MHREF) and Canada Strategic Metals (“CSM”) (TSX VENTURE:CJC)(FRANKFURT:YXEN)(OTCBB:CJCFF) are pleased to announce the results from the first of nine holes drilled in the northwest extension of zone 25 (main zone), located in the La Pointe
MONTREAL, QUEBEC--(Marketwired - Aug. 25, 2016) - Matamec Explorations Inc. ("Matamec" or the "Company") (TSX VENTURE:MAT)(OTCQX:MHREF) and Canada Strategic Metals ("CSM") (TSX VENTURE:CJC)(FRANKFURT:YXEN)(OTCBB:CJCFF) are pleased to announce the results from the first of nine holes drilled in the northwest extension of zone 25 (main zone), located in the La Pointe sector of the Sakami property. Drill hole PT-16-91 intersected 1.62g/t Au over 64.50 metres including 2.21 g/t Au over 43.40 metres and 3.46 g/t over 11.50 metres (see table below). These results confirm the extension the north-western extension of the gold envelope of zone 25 (see CSM and Matamec press releases of August 25 2016). The drill campaign consisted of nine (9) drill holes for a total of 2 058 metres of drilling.
TABLE OF MINERALIZED INTERSECTIONS FROM LATEST 2016 DRILLING CAMPAIGN
|Drill hole #||From (m)||To (m)||Length* (m)||Au (g/t)|
|* Length along the core axis.According to the company, the true width of the core represents 70 to 90% of the length of the core.|
The objective of the drilling campaign was to increase the size of the main gold zone (zone 25), located in the La Pointe sector of the Sakami property, towards the west-northwest, as well as its extension at depth, and also to test its southward extension. Following this drill campaign, zone 25 will have been tested over a 300-metre lateral distance and to a depth of 500 metres along its plunge.
As soon as CSM and Matamec have received and compiled the results from drillholes PT-16-92 to PT-16-99, they will be disseminated. The locations of the new drill holes are presented in figure 1.
Claude Bisaillon, ing. (OIQ # 116407), is a qualified person according to NI 43-101 regulations; he has reviewed and approved the technical content of this press release.
"The first results from this campaign are very promising for Sakami," said André Gauthier, president and CEO of Matamec. "This good news enhances the Company's entire gold portfolio, including its interests and royalties in gold mining properties in Timmins, Ontario."
Matamec Explorations Inc. is a junior mining exploration company whose main focus is in developing the Kipawa HREE JV deposit owned at 72% by the Company and 28% by Ressources Québec (acting as agent of the Government of Québec); Toyota Tsusho Corp. (Nagoya, Japan) holds a 10% royalty on net profit in the deposit. Furthermore, the Company is exploring more than 35 km of strike length in the Kipawa Alkalic Complex for rare earths-yttrium-zirconium-niobium-tantalum mineralization on its Zeus property.
The Company is also exploring for gold, base metals and platinum group metals. Its gold portfolio includes the Hoyle-Matheson Royalties (see the March 2, 2016 and April 28, 2016 press releases), Matheson JV (MJV) and Pelangio properties located along strike and in close proximity to Goldcorp's Hoyle Pond Mine in the prolific gold mining camp of Timmins, Ontario. Matamec holds a 50% undivided interest in the MJV property and is its operator. In addition, the Company holds a 1% NSR royalty in the Montclerg Property located 48 km northeast of Timmins along the Pipestone Fault.
In Québec, the Company is exploring for strategic metals such as lithium, tantalum, and beryllium on its Tansim property and for precious and base metals on its Valmont and Vulcain properties.
This news release contains "forward-looking information" within the meaning of Canadian securities legislation. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as "scheduled", "anticipates", "expects" or "does not expect", "pursue", "targeted", or "believes", or variations of such words and phrases that state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements are based on assumptions management believes to be reasonable at the time such statements are made. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Although Matamec has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Factors that may cause actual results to differ materially from expected results described in forward-looking statements include, but are not limited to, those risk factors set out in the Company's year-end Management Discussion and Analysis dated December 31, 2015 and other disclosure documents available under the Company's profile at www.sedar.com. Forward-looking statements contained herein are made as of the date of this press release and Matamec disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Figure 1: Sakami Property - New Drill Holes
Figure 1 is available at the following address: http://media3.marketwire.com/docs/MAT1EN.pdf