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Looking for the best gold stocks? These TSX-listed gold companies have seen the biggest year-to-date gains so far in 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 silver–zinc 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.
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.
