Which TSXV-listed junior gold stocks have performed the best so far this year? Our list includes the five biggest gainers.
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 TSXV 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 500 percent year-to-date.
All year-to-date and share price information was obtained at close of day on October 4 from TradingView. All companies listed had market caps above C$10 million at that time.
1. Great Bear Resources (TSXV:GBR)
Year-to-date gain: 545.57 percent; current share price: C$2.55
Headquartered in Vancouver and founded in 2001, Great Bear Resources currently has two projects — Dixie and West Madsen — both located in the Red Lake Gold District of Ontario. The company entered purchase agreements for both projects in mid-2017 and has been making rapid progress ever since.
The company’s share price skyrocketed 63.89 percent in August after a high-grade gold discovery was made at the Hinge zone of its Dixie project. Shortly after the discovery was announced, McEwen Mining (TSX:MUX,NYSE:MUX) and its chief owner, Rob McEwen, invested a combined C$6 million in Great Bear. In the time since the discovery, the company has continued to announce drill results from Dixie.
2. Westhaven Ventures (TSXV:WHN)
Year-to-date gain: 124 percent; current share price: C$0.27
A Canada-based exploration company, Westhaven Ventures is focused on the acquisition and advancement of early stage projects with high discovery potential. The company has three gold properties under its belt in BC: Prospect Valley, Shovelnose and Skoonka Creek.
Recent months have seen the advancement of Shovelnose, where drilling began in July, along with the company receiving over C$700,000 in total through two separate warrant exercises in September. In October, the company announced partial drill results from Shovelnose, saying they feature its highest-grade gold assays to date, including 1.65 meters of 175 grams per tonne (g/t) gold and 249 g/t silver.
3. Triumph Gold (TSXV:TIG)
Year-to-date gain: 107.14 percent; current share price: C$0.58
Triumph Gold is an exploration company with a primary focus on its Freegold Mountain project in the Yukon. The company owns two other assets in the Yukon, its Severance and Tad/Toro properties, along with an additional property, Andalusite Peak, in BC.
The company had a busy third quarter with ongoing drilling at its Freegold Mountain project, wrapping up the definition and expansion of a gold-rich breccia zone at the property’s Revenue East area in July. Strong drill results from Freegold Mountain’s Blue Sky zone occupied much of Triumph’s news for the following months, with mid-September bringing newshttps://investingnews.com/category/daily/resource-investing/base-metals-investing/ of 316 meters of 1.79 g/t gold equivalent, including 79.75 metres of 3.34 g/t gold equivalent.
4. Majestic Gold (TSXV:MJS)
Year-to-date gain: 88.89 percent; current share price: C$0.085
A China-focused gold producer, Majestic Gold’s primary asset is its Songjiagou gold mine, which consists of 13 licenses on the Asian nation’s Jiaodong Peninsula. While exploration on the property originally began in the 1960s, Majestic entered a joint venture with Shandong Yantai Muping Gold Mine in late 2004 for the mine, and achieved commercial production in 2011.
Majestic’s biggest news over the quarter was the release of its Q3 financial and operational results, which include the production of 7,690 ounces of gold, a 10-percent increase from Q3 2017. Gold revenue hit $10.4 million during Q3, also up from Q3 2017’s results of $8.1 million.
5. Aton Resources (TSXV:AAN)
Year-to-date gain: 87.5 percent; current share price: C$0.075
Based in Vancouver, Aton Resources is a precious and base metals explorer with a heavy focus on its Abu Marawat concession in Egypt’s Arabian-Nubian Shield. The concession consists of the Abu Marawat gold deposit and the Hamama project, with the latter being a volcanogenic massive sulfide deposit.
Over the last few months, however, Aton has been strongly focused on the Rodruin prospect, discovered in December 2017 by company geologists and located 18 kilometers east of Hamama West’s mineral deposit. Drilling began at the prospect in late August, and in October Aton returned drill hole intersection results of 36 meters at 12.47 g/t gold from 5 meters depth.
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Securities Disclosure: I, Olivia Da Silva, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: Great Bear Resources and Triumph Gold are clients of the Investing News Network. This article is not paid-for content.