PDAC 2016: We’re Watching Big Gold Stock Movers (TSX: GSC), (TSX: IMG), (TSX: KGI)

SmallCapPower | February 29, 2016: The Prospectors & Developers Association of Canada (PDAC) conference is taking place in Toronto on March 7-9, and although it might not bring as much attention as in the heydays, some miners are going into the convention with a head of steam. The ‘Fear Trade’, especially with talk of a U.S. recession, seems to be pushing the gold price past US$1200, but will it hold and continue higher? Regardless, the stocks on our list today are among the biggest price gains so far in 2016.

Golden Star Resources Ltd. (TSX: GSC) – $0.53
Gold

Golden Star Resources Ltd. (Golden Star) is a gold mining company that holds 90% interest in the Wassa, Prestea and Bogoso gold mines in Ghana. The Company is also engaged in the brownfield development projects at its Wassa and Prestea mines. The Wassa mine is located approximately 35 kilometers east of the town of Bogoso, Ghana.

• Market Cap: $311,804,098
• Revenue (LTM): $355,002,304
• Cash and ST Investments (LTM): $36,838,298
• YTD Price Change: 126%

IAMGOLD Corp. (TSX: IMG) – $3.27
Gold

IAMGOLD Corporation (IAMGOLD) is a mid-tier mining company with four operating gold mines on three continents. The Company mines include Rosebel Gold Mine, Essakane Gold Mine, Sadiola Gold Mine and Yatela Gold Mine. IAMGOLD operates in West Africa, the Guiana Shield of South America and Quebec and has a pipeline of development and exploration projects. IAMGOLD holds 95% ownership in the Rosebel Gold Mine, which is located in the Suriname, South America.

• Market Cap: $1,287,835,924
• Revenue (LTM): $1,199,349,670
• Cash and ST Investments (LTM): $800,724,540
• YTD Price Change: 66%

Kirkland Lake Gold Inc. (TSX: KGI) – $7.91
Gold

Kirkland Lake Gold Inc. is a Canada-based gold mining company, an operating and exploration gold company in Kirkland Lake, Ontario, which is located in the Lower Abitibi Greenstone belt in northeastern Ontario. The Company owns the five former high grade mines that produced 22 million ounces of gold at an average grade of 15.1 grams per ton.

• Market Cap: $892,996,848
• Revenue (LTM): $224,699,000
• Cash and ST Investments (LTM): $83,390,000
• YTD Price Change: 63%

Endeavour Mining Corp. (TSX: EDV) – $11.48
Gold

Endeavour Mining Corporation is an intermediate gold producer delivering growth. The Company owns five gold mines producing approximately 580,000 ounces per year in Cote d’Ivoire, Mali, Ghana, and Burkina Faso. The Company has Proven and Probable mineral reserves of approximately 4.8 million ounces and Measured and Indicated mineral resources of approximately 8.5 million ounces.

• Market Cap: $677,553,147
• Revenue (LTM): $741,223,623
• Cash and ST Investments (LTM): $42,325,504
• YTD Price Change: 50%

Guyana Goldfields Inc. (TSX: GUY) – $4.39
Gold

Guyana Goldfields Inc. (Guyana Goldfields) is a Canada-based mineral development and exploration company focused primarily on the acquisition, exploration and development of gold deposits in Guyana, South America. The Company has one advanced development-stage project, the Aurora project, which is located in Guyana. The Company owns a 100% interest in the Aurora Project, which has total proven and probable reserves of approximately 3.48 million ounces of gold. It also holds a contiguous 216,888 acre land package located in the Aranka district of Guyana approximately thirty kilometers northeast of the Aurora Project, known as the Aranka Properties, which consist of a number of separate properties, including Sulphur Rose.

• Market Cap (mm): $669,327,711
• Revenue (LTM): $0
• Cash and ST Investments (LTM): $24,676,454
• YTD Price Change: 43%

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