Best Gold Stocks of 2017 on the TSX

Looking for the best gold stocks? These TSX-listed gold companies have seen the biggest year-to-date gains so far in 2017.

best gold stocks

The gold price dropped below $1,300 per ounce in the last quarter of the year after jumping past $1,340 in September. 

As investors watch bitcoin surge, some are questioning the rationale behind investing in gold. That said, there are still many who believe that the yellow metal will shine again, and are willing to wait it out. Overall, the gold price has increased about 7.5 percent in 2017, and the best gold stocks have seen even greater gains.

The list below was generated on December 11, 2017 using the Globe and Mail’s market data filter, and it shows the TSX-listed gold companies that have seen the biggest share price gains year-to-date. Only companies with market caps above $50 million as of that date are included. You can also view our list of top-rising junior gold stocks on the TSXV by clicking here.

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1. Kerr Mines (TSX:KER)

Current price: $0.30; year-to-date gain: 160.87 percent

Kerr Mines retains its first-place position on our best gold stocks list after taking the top spot in Q3. Kerr is a North American gold exploration and development company whose focus is on commencing production at its Arizona-based Copperstone gold property.

In August, the company awarded key contracts for a 2017 exploration program and feasibility study at Copperstone. The same month, Kerr also started the first phase of surface drilling at the project. Since then, Kerr has released a slew of drill results from Copperstone and has also announced a $5 million non-brokered private placement. Proceeds will be used for further exploration at the asset. 

2. Kirkland Lake Gold (TSX:KL,NYSE:KL)

Current price: $16.99; year-to-date gain: 155.27 percent

Kirkland Lake Gold is a mid-tier gold company with mines in both Canada and Australia. Last year, the company merged with Newmarket Gold and acquired assets in Australia, including the Cosmo mine and Fosterville mine. Fosterville and the Ontario-based Macassa mine are the company’s key assets. 

Since that time, the company has reported an increase in reserves underground from 240,000 ounces to over 1 million ounces at Fosterville alone. Kirkland Lake CEO Tony Makuch says that at Fosterville gold is produced without any by-products and with production costs just under $250 per ounce.

In August of this year, Kirkland Lake began trading on the NYSE, after which the company’s share price crossed the $15 mark for the first time. The company’s guidance for 2017 is 570,000 to 590,000 ounces of gold and it has “increased guidance already twice this year,” as per Makuch.

3. Corvus Gold (TSX:KOR)

Current price: $1.40; year-to-date gain: 154.55 percent

Corvus Gold joins our best gold stocks list for the second time this year. The exploration and development company is focused on its near-term gold-silver North Bullfrog project in Nevada. Corvus also controls a number of royalties on North American gold, silver and copper exploration projects.

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Corvus has been busy drilling throughout the year. In the first half of 2017, the company put out results from North Bullfrog’s Liberator zone, Western zone and North Jolly Jane target. Since then, Corvus has acquired the Mother Lode property from Goldcorp (TSX:G,NYSE:GG) and has discovered a new lower zone at Mother Lode. Corvus has also announced an expanded mineral resource at North Bullfrog

4. Sabina Gold & Silver (TSX:SBB)

Current price: $2.30; year-to-date gain: 131.63 percent

Sabina Gold & Silver’s principal assets are its Back River gold project and its royalty on Glencore’s (LSE:GLEN) Hackett River silver-zinc project, both of which are located in Nunavut. The company also has exploration properties in Nunavut and Ontario.

The company has been active at Back River this year, and in December said it had “reached a major milestone” at the project. According to the company, Canada’s minister of indigenous and northern affairs has issued a positive ruling that will allow Back River to commence the regulatory and licensing phase.

5. Marathon Gold (TSX:MOZ)

Current price: $1.02; year-to-date gain: 69.49 percent

Marathon Gold is currently advancing its Valentine Lake Gold Camp in Newfoundland, which hosts four near-surface, mainly pit-shell-constrained gold resources. A Q1 update increased the overall project’s measured and indicated resource by 31 percent, to 1,388,200 ounces of gold grading 1.91 g/t.

The company has drilled steadily throughout 2017, announcing an “aggressive 60,000-meter drilling program” at Valentine Lake in May. By the last quarter of the year, the company had increased Valentine Lake’s overall measured and indicated resource again; it now comes in at 1,847,000 ounces of gold at 1.88 g/t. Marathon also began trading on the OTCQX.

What do you think were the best gold stocks of 2017? Let us know in the comments below.

Don’t forget to follow us @INN_Resource for real-time news updates.

The data for this article was retrieved on December 11, 2017 using The Globe and Mail’s market data filter. Only TSX-listed gold companies with market capitalizations greater than $50 million are included.

Securities Disclosure: I, Amanda Kay, currently hold no direct investment interest in any company mentioned in this article.

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Best Gold Stocks of 2017 on the TSX

By Priscila Barrera, October 5, 2017

The gold price surged almost 3 percent in the third quarter of 2017, as geopolitical tensions prompted investors to turn to precious metals as safe-haven assets.

Gold’s future is uncertain, but factors like US President Donald Trump, the US Federal Reserve and the US dollar have many market participants anticipating further gold price increases this year. Gold stocks could rise as well — in fact, since the start of the year, many gold-focused companies have seen significant share price increases.

The list below was generated on October 5, 2017 using The Globe and Mail’s market data filter, and shows the TSX-listed gold companies that have seen the biggest share price gains year-to-date. Only companies with market caps above $50 million are included.

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1. Kerr Mines (TSX:KER)

Current price: $0.32; year-to-date gain: 178.26 percent

Kerr Mines is a North American gold exploration and development company. Its focus is on commencing production at its Copperstone gold property in the US.

In August, the company awarded key contracts for a 2017 exploration program and feasibility study at Copperstone. The same month, Kerr also started the first phase of surface drilling at the project.

2. Sabina Gold & Silver (TSX:SBB)

Current price: $2.25; year-to-date gain: 129.59 percent

Sabina Gold & Silver’s principal assets are its Back River gold project and its silver royalty on the Hackett River project, both of which are located in Nunavut. The company also has exploration properties in Nunavut and in the vicinity of the Red Lake Gold Camp in Ontario.

In July, the company started an expanded second-phase drill campaign at Back River. The next month, Sabina Gold and Silver published its financial results for the quarter ended June 30. In September, the company announced the first results from its summer exploration program.

3. Harte Gold (TSX:HRT)

Current price: $0.57; year-to-date gain: 90 percent

Harte Gold is focused on the exploration and development of its Sugar Zone property in Ontario, where it has completed a 70,000-tonne, advanced-exploration bulk sample and is permitting commercial production. Harte Gold also holds the Stoughton-Abitibi property, located on the Destor-Porcupine Fault Zone adjacent and on strike to the Holloway gold mine.

In July, the company closed a $25-million bought-deal private placement. In September, it published results from a drill program at Sugar Zone.

4. Fortune Minerals (TSX:FT)

Current price: $0.21; year-to-date gain: 68 percent

Fortune Minerals expects to benefit from the development of its NICO cobalt-gold-bismuth-copper project, located in Canada’s Northwest Territories. The plan is for a bulk concentrate from NICO to be shipped to a planned metals processing plant in Saskatchewan. The company is positioned to become a Canadian producer of battery-grade cobalt chemicals with gold and bismuth co-products.

In August, the company provided an update on its NICO project, commenting that a feasibility study update is “proceeding well.” In September, Fortune reported another milestone toward the construction of the Tlicho all-season road to the community of Whati.

5. IAMGOLD (TSX:IMG,NYSE:IAG)

Current price: $7.53; year-to-date gain: 45.09 percent

IAMGOLD is a mid-tier miner with four operating mines on three continents. The company also has several projects at the exploration and development stages in North America, South America and Africa.

It’s been a busy quarter for the company. In July, IAMGOLD reported further high-grade results from its Monster Lake project in Quebec. The same month, the company reported an 80-percent increase in reserves at its Rosebel mine, not including Saramacca deposit. In August, IAMGOLD published its results for the quarter ended June 30; it also acquired a 19.98-percent stake in TomaGold (TSXV:LOT). In September, the company confirmed a significant gold discovery at Saramacca.

Don’t forget to follow us @INN_Resource for real-time news updates.

The data for this article was retrieved on October 5, 2017 using The Globe and Mail’s market data filter. Only TSX-listed gold companies with market capitalizations greater than $50 million are included.

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

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

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Best Gold Stocks of Q1 2017 on the TSX

By Priscila Barrera, July 13, 2017

The gold price surged almost 9 percent in the first three months of 2017 as geopolitical tension prompted investors to turn to precious metals. But in the second quarter prices stalled on the back of a second rate hike and a stronger US dollar.

Gold’s future is uncertain, but factors like US President Donald Trump, the US Federal Reserve and European elections have many market participants anticipating further gold price increases this year. Gold stocks could rise as well — in fact, since the start of the year many gold-focused companies have seen significant share price increases.

The list below was generated using The Globe and Mail’s market data filter, and it shows the TSX-listed gold companies that have seen the biggest share price gains year-to-date. Only companies with market caps above $50 million are included. You can also check out our list of the top-performing TSXV-listed gold stocks in Q2 by clicking here.

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1. Harte Gold (TSX:HRT)

Current price: $0.61; year-to-date gain: 103.33 percent

Harte Gold is focused on the exploration and development of its Sugar Zone property in Ontario, where it has completed a 70,000-tonne advanced exploration bulk sample and is permitting commercial production for the Sugar Zone deposit. Harte Gold also holds the Stoughton-Abitibi property, located on the Destor-Porcupine Fault Zone adjacent and on strike of the Holloway gold mine.

The company has been focused on drilling at the Sugar Zone property this year, and said in June that three drill rigs were active at the site. On July 5, the company closed a $25-million private placement.

2. Sabina Gold & Silver (TSX:SBB)

Current price: $1.91; year-to-date gain: 94.9 percent

Sabina Gold & Silver’s principal assets are its Back River gold project and a silver royalty on the Hackett River project; both of those properties are located in Nunavut. The company also has exploration properties in Nunavut and in the vicinity of the Red Lake Gold Camp in Ontario.

In May, the company announced that a spring drill program had expanded mineralization at the Umwelt “Vault” zone at Back River. In June, the company provided further updates on the spring drill program.

3. Exeter Resource (TSX:XRC,NYSEMKT:XRA)

Current price: $1.93; year-to-date gain: 91 percent

Exeter’s focus is the discovery, evaluation and development of gold-copper deposits in the Americas. The company’s flagship asset, the Caspiche project, is located in Chile’s Maricunga district. Major miner Goldcorp (TSX:G,NYSE:GG) announced plans to acquire the company in April, and Exeter recently reported that it will proceed with the transaction.

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4. Avnel Gold Mining (TSX:AVK)

Current price: $0.41; year-to-date gain: 76.6 percent

Avnel Gold Mining is an exploration and development company with operations in Southwestern Mali in West Africa. The company’s focus is on developing its 80-percent-owned Kalana Main project from a small underground mine into a low-cost, high-grade, open-pit mining operation. Avnel is also advancing exploration on several nearby satellite deposits on the 387-square-kilometer, 30-year Kalana exploitation permit.

The most significant Q2 news from the company came in June, when Avnel announced that it will be acquired by Endeavour Mining (TSX:EDV) for $122 million. The deal is still to be approved by shareholders, but it is expected to close in September.

5. Fortune Minerals (TSX:FT)

Current price: $0.29; year-to-date gain: 64 percent

Fortune Minerals expects to benefit from the development of its NICO cobalt-gold-bismuth-copper project, located in Canada’s Northwest Territories. The plan is for a bulk concentrate from NICO to be shipped to a planned metals processing plant in Saskatchewan. The company is positioned to become a Canadian producer of battery-grade cobalt chemicals with gold and bismuth co-products.

In the second quarter of the year, Fortune continued work at NICO. In April, the company announced an update on the upcoming NICO feasibility study, and in June, it reported updates in management and meeting results.

Don’t forget to follow us @INN_Resource for real-time news updates.

The data for this article was retrieved on July 10, 2017 using The Globe and Mail’s market data filter. Only TSX-listed gold companies with market capitalizations greater than $50 million are included.

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

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

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

Best Gold Stocks of Q1 2017 on the TSX

By Priscila Barrera, April 12, 2017

The gold price surged almost 9 percent in the first three months of 2017 as geopolitical tension prompted investors to turn to precious metals as safe-haven assets.

Gold’s future is uncertain, but factors like US President Donald Trump, the US Federal Reserve and European elections have many market participants anticipating further gold price increases this year. Gold stocks could rise as well — in fact, since the start of the year many gold-focused companies have seen significant share price increases.

The list below was generated using The Globe and Mail’s market data filter, and it shows the TSX-listed best gold stocks that saw the biggest share price gains from January 1 to April 10. Only companies with market caps above $50 million are included.

You can find our list of the top-performing TSXV-listed best gold stocks in Q1 by clicking here.

1. Osisko Mining (TSX:OSK)

Current price: $5.46; year-to-date gain: 123.77 percent

Osisko Mining is focused on the acquisition, exploration and development of precious metals properties in Canada. Its assets include the Windfall Lake and Marban Block gold properties, both located in Quebec, as well as the Ontario-based Garrison gold property.

In 2017, Osisko has focused mainly on Windfall Lake and Garrison, and has released a slew of drill results from both properties. Most recently, the company intersected 19.4 g/t gold over 7.9 meters at Windfall Lake, and 45 g/t gold over 2.4 meters at Garrison. It is completing a 400,000-meter program at Windfall Lake and a 35,000-meter program at Garrison.

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2. Marathon Gold (TSX:MOZ)

Current price: $1.03; year-to-date gain: 74.58 percent

Marathon Gold is currently advancing its Valentine Lake gold camp in Newfoundland, which hosts four near-surface, mainly pit-shell constrained gold resources. A Q1 resource estimate update places the property’s total measured and indicated resource at 1,388,200 ounces of gold at 1.91 g/t; its inferred resource stands at 766,500 ounces of gold at 2.24 g/t.

Like Osisko, Marathon has kept a steady stream of drill results coming in 2017. Its latest results came on March 13, when it intersected 2.92 g/t gold over 71 meters, 1.88 g/t gold over 136 meters and 2.35 g/t gold over 29 meters at Valentine Lake’s Marathon deposit. A 30,000-meter program is currently taking place.

3. Corvus Gold (TSX:KOR)

Current price: $0.88; year-to-date gain: 60 percent

Gold exploration and development company Corvus Gold is focused on its near-term gold-silver North Bullfrog project in Nevada. The company also controls a number of royalties on North American gold, silver and copper exploration projects.

Corvus has been busy drilling this past quarter as well. Since the start of 2017 the company has put out results from North Bullfrog’s Liberator zone, Western zone and North Jolly Jane target.

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4. Treasury Metals (TSX:TML)

Current price: $0.78; year-to-date gain: 30 percent

Treasury Metals is a gold-focused exploration and development company with assets in Ontario. It is currently developing the Goliath gold project.

The company’s most notable Q1 release came in March, when it put out an updated preliminary economic assessment for Goliath. The new report increases Goliath’s life-of-mine gold production profile by 37 percent, and calls for average annual output of 87,850 ounces of gold.

5. Pretium Resources (TSX:PVG)

Current price: $14.46; year-to-date gain: 30.22 percent

Pretium Resources is advancing its BC-based Brucejack gold project toward construction, and is targeting commercial production this year. The primary focus at Brucejack is the Valley of Kings deposit, which has proven and probable mineral reserves of 8.1 million ounces of gold.

In March, the company announced its 2016 results, and said that the transmission line for Brucejack has been energized. Dry commissioning at the project has begun, and wet commissioning will start in April.

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.

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