When it comes to gold-stock investing, grade is king and in this environment no miner wants to be the court jester. At a time when gold properties globally are averaging just about one gram per tonne (g/t), the companies on our list today have projects or mines that exceed 10 g/t.
Kirkland Lake Gold Inc (TSX: KGI) – $5.79
Macassa Mine Complex
Kirkland Lake Gold Inc. is a Canada-based gold mining company. Kirkland Lake Gold is 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 tonne.
- Market Cap: $452,379,419.88
- P&P Reserve (troy oz.): 1,463,000
- Grade – g/t (P&P): 19.20
- Operating/Cash Costs (2014): $825
Barrick Gold Corp. (TSX: ABX) – $9.94
Turquoise Ridge (75%)
Barrick Gold Corporation (Barrick) is a gold mining company that is engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. The Company operates in segments: eight individual gold mines, Acacia and Pascua-Lama project. The remaining operating segments have been grouped into two other categories: its remaining gold mines and its two copper mines.
- Market Cap: $11,460,350,418.72
- P&P Reserve (troy oz.): 4,458,000
- Grade – g/t (P&P): 16.91
- Operating/Cash Costs (2014): $473
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The Ubika Gold 20 Index (UG20) jumped 8.0% over the past month, compared with a 14.1% gain for the TSX Gold Index. Both indexes were reinforced by a 5.0% rise in the price of gold, which now stands at about US$1,180/ounce. Pretium Resources Inc. (TSX: PVG) was the top-performing component company this month, powering 25% higher after it reported high-grade drill results from the property surrounding its Brucejack Project.
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Kinross Gold Corp. (TSX: K) – $2.96
Dvoinoye
Kinross Gold Corporation is a senior gold mining company that is engaged in gold mining and related activities, including exploration and acquisition of gold-bearing properties, the extraction and processing of gold-containing ore, and reclamation of gold mining properties. The Company’s segments include Fort Knox, Round Mountain, Kettle River-Buckhorn, Kupol, Paracatu, Maricunga, Tasiast and Chirano.
- Market Cap: $3,164,026,201.80
- P&P Reserve (troy oz.): 1,028,000
- Grade – g/t (P&P): 14.97
- Operating/Cash Costs (2014): $507
Wesdome Gold Mines Ltd. (TSX: WDO) – $1.02
Eagle River
Wesdome Gold Mines Ltd. is a Canada-based gold mining company that is engaged in mining, exploration and development of gold. The Company’s properties include Eagle River property, including the Eagle River Mine and the Mishi property, and the Wesdome properties, including the Kiena Mine and the Wesdome deposit. Additionally it owns the Moss Lake deposit. The Eagle River Mine is located 50 kilometers west of Wawa, Ontario, Canada.
- Market Cap: $111,472,544.67
- P&P Reserve (troy oz.): 265,000
- Grade – g/t (P&P): 10.10
- Operating/Cash Costs (2014): $832
