Which TSXV-listed junior gold stocks have performed the best so far this year? Our list includes the five biggest gainers.
The gold price made significant gains during the second half of 2019, finally breaking through the US$1,500 per ounce level for the first time in six years on August 7.
In this current climate, a slew of companies in the gold space have made progress and expanded the resource potential of their assets. Now that 2019 is coming to a close, the Investing News Network has rounded up the five best gold stocks on the TSXV with the biggest share price gains year-to-date.
The list below was generated on December 3, 2019, using TradingView’s stock screener, and all companies listed had market caps above C$10 million at that time.
1. Amex Exploration (TSXV:AMX)
Year-to-date gain: 452.38 percent; current share price: C$1.16
Focused on gold and base metals, Amex Exploration owns the Perron gold and base metals project, the Eastmain River gold properties and the Lebel-sur-Quévillon gold project. The company also holds an option to acquire 100 percent of the Gowan polymetallic property.
Most recently, Amex announced an expanded and fully funded 100,000 meter exploration drill program for 2019 and 2020; it will use the money raised in the bought deal to complete it. The program will involve a regional exploration drill program based on 3D modeling from the previous year’s program. Regional drilling will focus on targets that have seen very limited or no drilling.
2. K92 Mining (TSXV:KNT)
Year-to-date gain: 205.95 percent; current share price: C$2.57
K92 Mining is a gold exploration company whose main focus is the commencement of gold production from the Kora gold deposit, which is part of the company’s Kainantu gold project located in the Eastern Highlands province of Papua New Guinea.
In mid-November, the miner released its Q3 production and financial results, revealing that it produced 18,636 ounces of gold, 209,287 pounds of copper and 5,284 ounces of silver for a total of 19,170 gold equivalent ounces during the period.
Towards the end of November, the company reported additional drill results from its Kora asset, noting that infill drilling is continually delivering high grades.
3. Royal Road Minerals (TSXV:RYR)
Year-to-date gain: 185.71 percent; current share price: C$2.57
Royal Road Minerals is a gold- and copper-centric exploration and development company with a primary focus on the exploration and development of the La Golondrina gold project.
The La Golondrina project is an underground mine development project that is approximately 5 kilometers northwest of the municipality of Los Andes-Sotomayor, which is located within the La Llanada gold district in Southwestern Colombia’s Narino department.
The miner recently entered into a private placement for gross proceeds of up to C$5 million. Royal Roads plans to use the financing to help fund its planned exploration operations in both Colombia and Nicaragua, as well as for general working capital purposes.
4. Mineral Mountain Resources (TSXV:MMV)
Year-to-date gain: 180 percent; current share price: C$0.28
Mineral Mountain Resources is an explorer interested in developing gold projects with “camp-scale” potential. The miner explores in cost-effective, politically friendly and mining-friendly regions of the US.
Currently, the company is exploring gold projects located in South Dakota and along the Homestake gold trend. At one time, the Homestake mine was one of the most successful gold deposits in the western hemisphere, and Mineral Mountain believes that the belt could hold several more world-class deposits.
At the beginning of December, the gold company announced a C$1.5 million non-brokered private placement in order to fund ongoing directional drilling at the Standby mine property designed to test high-grade gold targets.
5. Great Bear Resources (TSXV:GBR)
Year-to-date gain: 175.42 percent; current share price: C$6.50
Great Bear Resources is an exploration company focused on advancing its high-grade gold assets in the Red Lake region of Ontario — one of the world’s premier mining jurisdictions.
The company’s main asset is its Dixie project, which is a 100 percent royalty-free asset that spans 9,140 hectares. Dixie hosts geological structures and high-grade mineralization similar to that of the major gold mines and advanced projects in Red Lake.
At the beginning of 2019’s fourth quarter, the miner reported new drill results from its ongoing fully funded 90,000 meter drill program at Dixie.
Want more details? Check out these articles for more INNdepth coverage:
- Gold Stocks and Gold Production: A Beginner’s Guide
- Best Gold Stocks of 2019 on the TSX
- 4 Gold Stocks to Watch in 2019
- Gold Mining Stocks to buy in 2019
Want an overview of investing in gold stocks? Check out An Overview of Gold Stocks and Price.
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Securities Disclosure: I, Nicole Rashotte, currently hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: Great Bear Resources is a client of the Investing News Network. This article is not paid-for content.