There is a reason why most companies are valued based on cash flows, and that is because cash is the actual monetary value that a firm receives for running its business. Unlevered Free Cash Flow (UFCF) is one of the better representations of cash flow, as it corresponds to cash flow available for both the equity stakeholders and debtholders of a firm. The resource stocks on our list today have seen their UFCF rise dramatically over the past year, which is tremendous given the current state of the commodities market.
Newport Exploration Ltd. (TSXV: NWX) – $0.41
Diversified Mining
Newport Exploration Ltd., formerly CVL Resources Ltd., is a Canada-based natural resource company. The Company is engaged in the acquisition and exploration of mineral properties. The Company owns the Chu Chua copper-gold mine project, which is located approximately 70 kilometers north of Kamloops, British Columbia, Canada. The Company also has royalty interests in oil and gas permits in the Cooper Basin, Australia, which include permits operated and explored by Beach Energy Ltd. (Beach), Drillsearch Energy Limited (Drillsearch) and Santos Ltd. (Santos).
- Market Cap: $36,414,151
- UFCF (LFY): $7,951,540
- UFCF Growth (1 year): 973%
- YTD Price Change: +53%
Teranga Gold Corp. (TSX: TGZ) – $0.74
Gold
Teranga Gold Corporation (Teranga) is a Canada-based gold mining and production company principally engaged in the production and sale of gold, as well as related activities, such as exploration and mine development. The Company operates the Sabodala gold mine and is exploring nine exploration licenses covering 1,055 square kilometers in Senegal, consisting of the Regional Land Package, surrounding the Sabodala gold mine. The Company’s Sabodala gold mine is located 650 kilometers southeast of the capital of Senegal, Dakar within the West African Birimian geological belt in Senegal and lies about 90 kilometers from gold mines in Mali.
- Market Cap: $262,209,829
- UFCF (LFY): $89,813,958
- UFCF Growth (1 year): 587%
- YTD Price Change: +63%
Wesdome Gold Mines Ltd. (TSX: WDO) – $1.05
Gold
Wesdome Gold Mines Ltd. is a gold producer engaged in gold mining and related activities including exploration, extraction, processing and reclamation. The Company’s principal assets include the Eagle River mine, the Mishi mine and the Eagle River mill located near Wawa, Ontario and the Kiena mining and milling complex and exploration properties located in Val D’Or, Quebec. Its exploration properties include the Wesdome Group Properties, Moss Lake Properties and The Mishi Group Properties.
- Market Cap: $117,155,604
- UFCF (LFY): $5,261,000
- UFCF Growth (1 year): 121%
- YTD Price Change: -16%
Orvana Minerals Corp. (TSX: ORV) – $0.31
Gold
Orvana Minerals Corp. is a Canada-based, multi-mine gold-copper producer. The Company operations consist of the El Valle-Boinas/Carles gold-copper mines and the copper-gold-silver Don Mario Mine. El Valle-Boinas Mine and Carles Mine are two underground gold-copper-silver mines located in the northern part of Spain and Upper Mineralized Zone at the Don Mario Mine is an open-pit gold-copper-silver mine located in the south-eastern part of Bolivia.
- Market Cap: $42,537,639
- UFCF (LFY): $24,207,991
- UFCF Growth (1 year): 61%
- YTD Price Change: -11%
Alacer Gold Corp. (TSX: ASR) – $2.82
Gold
Alacer Gold Corp. is a United States-based intermediate gold mining company engaged in the mining, development, exploration and production of mineral deposits in Turkey. The Company owns an 80% interest in the Copler Gold Mine, which is an epithermal gold-silver-copper deposit, centered on a composite diorite to monzonite porphyry stock. The Company holds exploration licenses surrounding the Copler deposit, which cover a 15 kilometers by 25 kilometers area. It owns 80% of the licenses adjacent to Copler under the Anagold joint venture and 50% of the remaining licenses in the Copler District under the Kartaltepe joint venture.
- Market Cap: $820,389,378
- UFCF (LFY): $130,283,090
- UFCF Growth (1 year): 21%
- YTD Price Change: +21%
