Looking for the best gold stocks? These TSX-listed gold companies have seen the biggest year-to-date gains so far in 2021.
Click here to read the previous best gold stocks article.
After reaching an all-time high last summer, the gold price has put out an underwhelming performance for much of 2021, leaving many investors wondering when it will take off again.
Values for the precious metal have failed to regain January’s momentum. Despite brief efforts in May and November, the gold price has struggled to stay above the US$1,800 per ounce mark.
For most of 2021, the yellow metal has battled a strengthening US dollar and gains in 10 year treasury yields. Investor risk appetite has also impeded growth for the safe haven asset.
However, gold’s lackluster showing this year hasn’t dampened the performance of some mining and exploration companies. Quite a few have moved forward this year and registered share price bumps.
Below the Investing News Network has rounded up the five best gold stocks on the TSX with the biggest share price gains year-to-date. The list was generated on December 6, 2021, using TradingView’s stock screener, and all companies listed had market caps above C$50 million at that time.
1. Aya Gold & Silver
Year-to-date gain: 132.73 percent; current share price: C$8.96
Aya Gold & Silver (TSX:AYA) has precious metals mining assets in the Kingdom of Morocco and Mauritania. The company operates the high-grade Zgounder silver mine in Morocco, where it also has a pipeline of prospective properties along the South-Atlas Fault, including past-producing mines and historical resources. Aya’s Tijirit gold project in Mauritania is advancing to feasibility.
Shares of Aya Gold & Silver hit a year-to-date high of C$11.85 on August 13. The peak came after the company reported record operating cash flow for the third consecutive quarter.
2. Gold Springs Resource
Year-to-date gain: 95.83 percent; current share price: C$0.24
Gold Springs Resource (TSX:GRC) is exploring and expanding its Gold Springs project, which is located in the US on the border between Nevada and Utah. The 8,000 hectare asset has four historic mining districts and 32 gold targets. The company is working to move it quickly to the feasibility stage.
The highest share price for Gold Springs so far this year was C$0.26, which it hit on October 25. On October 19, the company announced a new discovery at the Charlie Ross target of its Gold Springs project, and on October 25 it received C$4,364,315 for the sale of its World Copper securities.
3. China Gold International Resources
Year-to-date gain: 80.77 percent; current share price: C$3.29
China Gold International Resources (TSX:CGG) has two operational assets in China. The firm is currently working to optimize its CSH gold mine in Inner Mongolia and its Jiama copper-polymetallic mine in Tibet.
The value of the miner’s shares began to rise in early February and peaked at C$4.47 on May 11 after it released its Q1 results, which featured a revenue increase of 83 percent over the same period in 2020 to total US$272.1 million. According to the press release, “Mine operating earnings increased by 360 percent to US$83.8 million from US$18.2 million for the same period in 2020.” This was the best quarterly performance in China Gold’s history.
4. Dynacor Gold Mines
Year-to-date gain: 70.39 percent; current share price: C$3.05
Unlike traditional gold miners, Dynacor Gold Mines (TSX:DNG) is a dividend-paying industrial gold ore processor. Focused on Peru, the firm processes ore purchased from the artisanal and small-scale mining industry. Dynacor also owns Tumipampa, a gold exploration property located in Peru.
Shares of Dynacor hit a year-to-date high of C$3.29 on November 19. This increase followed the announcement of a 25 percent raise in its quarterly dividend payment to investors.
5. Loncor Gold
Year-to-date gain: 29.82 percent; current share price: C$0.74
Loncor Gold (TSX:LN) is focused on the Ngayu greenstone belt in the Democratic Republic of Congo. It has a joint venture agreement with Barrick Gold (NYSE:GOLD,TSX:ABX), which will manage and fund exploration at the Ngayu project until the completion of a prefeasibility study on any gold discovery meeting Barrick's investment criteria.
Shares of Loncor Gold hit a year-to-date high of C$1.16 on April 29. The share price gains followed news of a 44 percent increase in the mineral resource for the Adumbi deposit at the Imbo project.
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Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.
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