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Which TSXV-listed junior gold stocks have performed the best so far this year? Our list includes the five biggest gainers.
The price of gold made gains in the first three months of the year, increasing 1.73 percent in Q1. In the month of January, the yellow metal saw both its lowest point and highest point of the year so far.
With interest rate hikes and political uncertainty forcing the US dollar down, holding bullion has become an appealing option for investors.
Against that backdrop, the following junior gold stocks have benefited from the current state of the market, posting impressive gains in Q1.
The list below was generated on March 29, 2018 using the Globe and Mail’s market data filter, and it shows the TSXV-listed gold companies that have seen the biggest share price gains year-to-date.
Only companies with market caps above $10 million as of that date are included. You can also view our list of top-rising gold stocks on the TSX by clicking here.
1. NV Gold (TSXV:NVX)
Current price: C$0.86; year-to-date gain: 181.97 percent
NV Gold is an exploration company focused on acquiring and developing advanced gold projects.
In February, the company announced that it had uncovered trace amounts of gold during the first phase of RC drilling at its ATV gold project. It also said the program achieved its initial objectives.
The next month, the company advanced its efforts, stating, “[z]ones of silicification are also evident as are local accumulations of very fine-grained sulfide minerals. NV Gold interprets such alteration as evidence of hydrothermal activity.” On March 16, the company closed a private placement for C$390,000.
2. Blackrock Gold (TSXV:BRC)
Current price: C$0.14; year-to-date gain: 75 percent
Blackrock Gold is an exploration company focused on acquiring mineral properties and exploring for economically viable mineral resources. The company’s objective is to advance exploration- and development-stage gold properties toward production in North America.
Its principal property is the Silver Cloud project, which is comprised of 552 unpatented lode-mining claims situated in Nevada. Pursuant to a mining lease agreement with Pescio, the company has all rights and privileges incidental to ownership, including rights to explore, develop and mine the property.
On March 22, the company received final acceptance from the TSXV to move forward with the project.
3. Mineral Mountain Resources (TSXV:MMV)
Current price: C$0.56; year-to-date gain: 64.71 percent
Mineral Mountain Resources is currently exploring a large land package along the Homestake Gold Belt.
January was a big month for the company as it closed the final tranche of a private placement for C$665,200. The company will use the funds to “expand the historic high grade Standby mine gold deposit down plunge and prove the Homestake mine model exists in the Rochford District, and, for corporate and general working capital purposes.”
Toward mid-January, the company made good on its proposed drill program and reported the scheduling of a 12-hole, 3,200-meter core drilling program to test the downplunge extension of the 300-meter-wide Standby mine gold structure. Results from that drill program are still pending.
4. Dynasty Gold (TSXV:DYG)
Current price: C$0.24; year-to-date gain: 60 percent
Dynasty Gold is focused on acquiring, exploring and developing high-quality gold projects in North America. In February, Dynasty Gold signed an earn-in agreement with Teck Resources (TSX:TECK,NYSE:TECK) to acquire a 100-percent interest in the Thundercloud gold property in the Archean Manitou-Stormy Lakes Greenstone Belt in Ontario.
Later that month, it announced a US$350,000 private placement to fund exploration programs on Thundercloud and the Golden Repeat property in Nevada, and for general working capital.
5. Pelangio Gold (TSXV:PX)
Current price: C$0.055; year-to-date gain: 57.14 percent
Pelangio Gold is a junior gold exploration company that primarily operates in Ghana, West Africa and is known for acquiring and exploring camp-sized land packages in world-class gold belts.
The company’s most well-known success was the acquisition, exploration and subsequent sale of the Detour Lake deposit in Northern Ontario to Detour Gold (TSX:DCG). In February, the company announced that it had completed a financing for US$1.2 million. That allowed it to adjust its 2018 drill program to include diamond drilling.
This revised program consists of 18 to 20 holes of diamond drilling for a total of approximately 4,000 meters; it will test eight target areas. The program will emphasize stepping out from known mineralization at 50- or 100-meter intervals.
What do you think were the best junior god stocks of Q1 2018? Let us know in the comments below.
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Securities Disclosure: I, Nicole Rashotte, currently hold no direct investment interest in any company mentioned in this article.
