The junior gold stocks on our list have underperformed despite rising gold prices, but that could soon change
SmallCapPower | January 26, 2018: Gold spot prices are up 4% YTD and 10% from its low in December, revitalizing many gold companies. But even though the GDXJ is up 18% since December, the junior gold stocks on our list have only gone up an average of 5% in the same period. All these companies are in top-tier jurisdictions and pose limited geopolitical risk.
Dalradian Resources Inc. (TSX:DNA) – $1.22
Gold
Dalradian Resources is a Canada-based gold company operating in Northern Ireland. The Company’s flagship asset, the Curraghinalt deposit, is expected to produce 130,000 oz/y once completed. The project is undergoing public review.
- Market Cap: $433.0 Million
- YTD Total Return: -7.9%
- EV/T. oz: $86.1
- Peer Average EV/T. oz: $67.7
Eastmain Resources Inc. (TSX:ER) – $0.30
Gold
Eastmain Resources is a Canada-based gold company operating in Quebec. The Company’s flagship asset, the Clearwater Project, is undergoing expansion drilling and preliminary economic assessment throughout 2018. Eastmain also has two other projects undergoing drilling in Quebec.
- Market Cap: $59.4 Million
- YTD Total Return: -13.0%
- EV/T. oz: $32.0
- Peer Average EV/T. oz: $67.7
Nighthawk Gold Corp. (TSX:NHK) – $0.76
Gold
Nighthawk Gold is a Canada-based gold company operating in the Northwest Territories. The Company’s flagship asset is the Colomac Gold Project. The Company plans to conduct a drilling campaign and field exploration program in Q2 2018.
- Market Cap: $143.3 Million
- YTD Total Return: 2.7%
- EV/T. oz: $54.1
- Peer Average EV/T. oz: $67.7
TriMetals Mining Inc. (TSX:TMI) – $0.15
Gold
TriMetals Mining is a Canada-based gold company operating in Nevada and Utah. The Company’s flagship asset is the Gold Springs Project. Both Nevada and Utah have provided exploration permitting to the project, and it has begun preliminary drilling.
- Market Cap: $27.4 Million
- YTD Total Return: -6.5%
- EV/T. oz: $70.1
- Peer Average EV/T. oz: $67.7
Marathon Gold Corp. (TSX:MOZ) – $1.16
Gold
Marathon Gold is a Canada-based gold company operating in Newfoundland. The Company’s flagship asset is the Valentine Lake Gold Camp. Marathon expects to complete a Preliminary Economic Assessment (PEA) in Q2 2018.
- Market Cap: $167.3 Million
- YTD Total Return: 0.9%
- EV/T. oz: $66.4
- Peer Average EV/T. oz: $67.7
Disclosure: Neither the author nor his/her family own shares in any of the companies mentioned above.
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