Looking for the best gold stocks? These TSX-listed gold companies have seen the biggest year-to-date gains so far in 2018.
While gold has had its share of ups and downs in 2018, some companies have achieved strong results despite the precious metal’s fluctuating price point.
With Q3 over and done, the Investing News Network has rounded up the best gold stocks on the TSX by share price performance so far this year. All have experienced positive momentum at their gold assets in 2018, with the biggest gainer being up more than 300 percent year-to-date.
All year-to-date and share price information was obtained on Thursday (October 4) from TradingView. All companies listed had market caps above C$50 million at that time.
1. RNC Minerals (TSX:RNX)
Year-to-date gain: 328.57 percent; current share price: C$0.75
Founded in 2006, RNC Minerals’ story began when it acquired the Dumont property, a nickel–cobalt deposit in Quebec. In the years that followed, the company completed 90,000 meters of exploration drilling at the site; it is currently working on an updated feasibility study for the project.
RNC Minerals has also put a lot of blood, sweat and tears into its Beta Hunt gold-nickel mine this year. While the company put the mine up for sale in March, the asset in Kambalda, Western Australia is now off the market following a major discovery at the project in September. Click here to watch President and CEO Mark Selby discuss the “once-in-a-lifetime” find.
2. Wallbridge Mining Company (TSX:WM)
Year-to-date gain: 160 percent; current share price: C$0.26
Wallbridge Mining Company was founded in 1996, and currently has several assets under its belt in Canada. The company has several properties in Ontario, including three that are joint ventures with Lonmin (LSE:LMI), but its main focus is its Quebec-based Fenelon gold project.
The company acquired Fenelon in 2016, and in recent months has seen positive results from ongoing drilling at the asset, with the latest being 74.9 g/t gold over 5.66 meters at the project’s Habanero zone. In May, Wallbridge announced it was fully funded for a 35,000-tonne gold bulk sample at the property.
3. Corvus Gold (TSX:KOR)
Year-to-date gain: 104.85 percent; current share price: C$3.38
A junior exploration and development company, Corvus Gold was incorporated in 2010 and received International Tower Hill Mines’ (TSX:ITH,NYSEAMERICAN:THM) exploration projects later that year. Alongside its non-core assets, Corvus’ two main projects are North Bullfrog and Mother Lode, both located near Beatty, Nevada.
The company says its main focus is advancing North Bullfrog, but recent months have seen Corvus make good headway on Mother Lode. A maiden resource estimate and two sets of drill results have been released since early September, the most recent drill results being 19.8 meters at 3.52 g/t gold and 129.5 meters at 1.12 g/t gold in Mother Lode’s West zone.
4. Wesdome Gold Mines (TSX:WDO)
Year-to-date gain: 77.25 percent; current share price: C$3.74
With operations dating back to 1976, Wesdome Gold Mines prides itself on being 100 percent focused on Canada with a pipeline of ongoing operations throughout the Great White North. The company’s assets include the Eagle River complex, the Moss Lake property and the Kiena complex. Eagle River is the company’s primary asset with two operating gold mines.
While Wesdome suspended operations at its Kiena complex in 2013 due to economic feasibility concerns, the company has been making exploration efforts at the Quebec brownfield property in recent years. In September, Wesdome released high-grade results from ongoing underground exploration drilling, extending gold mineralization in the property’s A zone.
5. Maya Gold & Silver (TSX:MYA)
Year-to-date gain: 60.98 percent; current share price: C$2.64
Maya Gold & Silver maintains a goal of generating growth and revenue through acquisition and exploration programs, with a specific focus on precious metals assets in Morocco. The company has opted to work within the North African country for several reasons, including Morocco’s strategic location with global market access and its vast amount of underexplored land with significant mineral potential.
During the company’s third quarter, it made milestones such as receiving approval to be listed on the Toronto Stock Exchange in late July. Meanwhile, Maya also received metallurgical test results from its Boumadine joint venture property in August, which saw recovery results of 96.37 percent gold, 79.5 percent zinc and 50.44 percent silver.
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Securities Disclosure: I, Olivia Da Silva, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: Wallbridge Mining Company is a client of the Investing News Network. This article is not paid-for content.