The gold stocks on our list have positive revenues and current ratios above 6
SmallCapPower | July 29, 2016: By looking at positive revenues, investors know the stocks have economic mines operating. In addition, financial health should be noted in the gold stocks on our list from their relatively high working capital ratios.
Alacer Gold Corp. (TSE:ASR) – $3.30
Alacer Gold Corp. (Alacer) is an intermediate gold mining company that operates in the segment of mining, development and exploration of mineral deposits in Turkey. The Company has an interest in the Copler Gold Mine in Turkey. Its prospects include Yakuplu Southeast prospect, Yakuplu East prospect, Yakuplu North prospect, Bayramdere prospect and Dursunbey project.
- Market Cap: 963,401,013
- Revenues: 248,830,599
- Operating Income: 23,534,603
- Current Ratio: 13.4
Sandstorm Gold Ltd. (TSE:SSL) – $7.05
Sandstorm Gold Ltd. is engaged in providing financing alternatives to mining companies. The Company focuses on acquiring gold and other precious metal purchase agreements (Gold Streams or Silver Streams), and royalties from companies that have advanced stage development projects or operating mines. It operates in the segments of Bachelor Lake, Black Fox, Santa Elena, Yamana Silver Stream, Chapada, Diavik Mine, Other Royalties, Other and Corporate. It has over 131 Gold Streams and net smelter returns royalties (NSRs), of which 20 of the underlying mines are producing.
- Market Cap: 215,285,203.21
- Revenues: 66,415,206
- Operating Income: -32,014,701
- Current Ratio: 7.0
Argonaut Gold Inc. (TSE:AR) – $3.42
Argonaut Gold Inc. is engaged in gold mining, mine development and mineral exploration activities at gold-bearing mineral properties in North America. The Company’s segments are El Castillo, La Colorada, San Antonio, Magino, and Corporate and other. It owns the producing El Castillo mine in the State of Durango, Mexico; the producing La Colorada mine in the State of Sonora, Mexico; the advanced exploration-stage San Antonio property in the State of Baja California Sur, Mexico; the advanced exploration-stage Magino property in the Province of Ontario, Canada; the advanced exploration-stage San Agustin property located approximately 10 kilometers from the El Castillo mine in the State of Durango, Mexico, and various other exploration stage projects, all of which are located in North America.
- Market Cap: 114,570,744.63
- Revenues: 187,298,379
- Operating Income: -347,268,440
- Current Ratio: 6.2
Monument Mining Ltd. (CVE:MMY) – $0.145
Monument Mining Limited is a Canada-based gold production and mining asset development company. The Company owns and operates Selinsing Gold Mine, and has a gold portfolio of the Selinsing, Buffalo Reef and Famehub projects in Pahang State within the Central Gold Belt of Western Malaysia, and the Murchison and Tuckanarra Gold Projects in Western Australia. It also owns Mengapur Polymetallic Project in Pahang State, Malaysia.
- Market Cap: 46,797,663
- Revenues: 37,698,551
- Operating Income: 8,483,643
- Current Ratio: 6.0
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