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 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.

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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.

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

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Best Gold Stocks 2016: The TSX’s Top Performers

By Jocelyn Aspa, January 5 2017

Without a doubt, it’s been an interesting year for the gold price. Mid-year, the yellow metal reached $1,365.40 following the United Kingdom’s decision to leave the European Union and naturally dropped off slightly after that. Ever since Donald Trump was elected the next president on November 8, the gold price has seen near nine-month lows; however, gold mining companies are still faring well despite the gold price’s recent tumble.

On that note, gold stocks in 2016 have outperformed gold stocks in 2015 with some reaching over 300 percent in 2016. So, with that being said, here is a list of the S&P/TSX Composite index (INDEXTSI:OSPTX)’s best gold stocks 2016. For those interested in 2015 data, it be found at the bottom of this article.

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.

1.  Erdene Resource Development (TSX:ERD)

Current price: $0.81; 2016 percentage gain:337.50 percent

Erdene Resource Development has a diverse portfolio of projects containing gold, as well as silver, lead, zincmolybdenum and copper. That said, the company’s projects include two significant gold discoveries (Bayan Khundii and the Altan Nar projects, of which Erdene owns 100-percent interest.

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Discovered in the second quarter of 2015, Erdene’s Bayan Khundii project has–according to the company–become its “highest priority project” based on the high grades, zones coming to the surface, and size potential.

In December 2016, the company announced drill results from its Altan Nar gold project and Altan Arrow gold-silver project in Mongolia.

2.  Golden Star Resources (TSX:GSC)

Current price: $1.00; 2016 percentage gain: 321.28 percent

Golden Star Resources has the Wassa and Prestea mines on the Ashanti Gold Belt in Ghana.  The company owns the Wassa Gold Mine and processing operations through a 90 percent subsidiary, and has mineral reserves of 1.5 million ounces of gold. The Prestea Gold Mine has been in operation for over 100 years and has produced over 9 million ounce of gold, to date. The mine was acquired by Golden Star Resources in 2002.

Most recently, the company’s quarter 3 2016 results were released, noting it remains on track to achieve 2016 full year production, with 22,290 ounces from the Wassa Gold Mine and 22,684 ounces from the Prestea Gold Mine.

3. Gabriel Resources (TSX:GBU)

Current price: $0.58; 2016 percentage gain: 278.57 percent

Gabriel Resources is currently focused on permitting and developing its Rosia Montana gold and silver project in Romania. According to the company’s website, the project has measured and indicated resources of 171 million ounces of gold as well as 1.1 million ounces of silver.

The company is also exploring its Bucium project, targeting epthermal gold-silver as well as porphyry copper-gold deposits.

Gabriel Resources released its 2016 third quarter report in November. Despite the company’s efforts to permit and develop the Rosia Montana project, Gabriel Resources has struggled with its advancement, noting it will be pursuing an ICSID Attribution claim against Romania.

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4. Luna Gold (TSX:LGC)

Current price: $1.66; 2016 percentage gain: 253.33 percent

Luna Gold operates the Aurizona Mine. In September 2016, a prefeasibility study was released, which is based on a new mine plan. According to the study, it outlines an average production of 150,000 ounces of gold per year for the first five years. Currently, a feasibility study is in the works, results of which are expected in the first quarter of 2017. Operations are expected to restart at the mine in late 2018.

5.  Vista Gold (TSX:VGZ)

Current price: $1.31; 2016 percentage gain: 232.47 percent

Vista Gold’s focus is currently on the Mt Todd gold project in Australia, with hopes of advancing the project towards development. Acquired in 2006 by the company, the project contains no less than 7.4 million ounces of gold.

On that note, the company most recently announced results of a process area optimization, which have shown the potential to enhance project economics for the Mt Todd gold project.

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.

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

Best Gold Stocks 2015: The TSX’s Top Performers

By Charlotte McLeod, November 16, 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.

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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 silverzinc 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.

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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. 

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