4 Junior Gold Stocks Rising as the Gold Price Falls

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Gold has gotten tarnish recently but the junior gold stocks on our list are in the green

SmallCapPower | October 7, 2016: It hasn’t been a great month for gold investing.  Barrick had a huge leak at a tailings pond in Argentina that resulted in the suspension of its operations, Goldcorp shut down a mine in Mexico, and, on top of that, the President of the Federal Reserve Bank of Richmond, Jeffrey Lacker, wants to raise rates. The gold price, meanwhile, dropped $40 in a single day. However, we found a few junior gold stocks that gained ground on the day of the drop as well as month to date.

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Orca Gold Inc. (CVE:ORG) – $0.39
Gold

Orca Gold Inc. is a junior exploration-stage company that is focused on the acquisition and exploration of mineral properties in Africa. Its exploration focus is on the Arabian Nubian Shield in the north of Sudan, where it holds the Block 14 prospecting license. Its property is located close to the Egyptian border, approximately 700 kilometers north of Khartoum and over 300 Kilometers west of the Red Sea. The Company operates through the acquisition and exploration of mineral resources in the Republic of Sudan segment. Its NI 43-101 compliant mineral resource estimate at Block 14 consists of over 27.6 million tons (Mt) at approximately 1.83 gold (Au) grams per ton (g/t) for over 1,625,000 ounces of gold and an inferred resource of approximately 10.3 Mt at over 1.8 Au g/t for approximately 594,000 ounces of gold.

  • Market Cap: $41.89 (mm)
  • YTD Prce Change: 169%
  • MTD Price Change: 16.4%
  • 1-Day Price Change: 8.3%

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East Africa Metals Inc. (CVE:EAM) – $0.26
Gold

East Africa Metals Inc. is a mineral exploration company that is focused on the identification, acquisition, exploration, development and/or sale of base, and precious metal resource properties in Ethiopia and Tanzania. Its mineral assets include the Harvest and the Adyabo Projects in Ethiopia, and the Handeni Properties in Tanzania. It has approximately 70% interest in the Harvest Project, which is located over 600 kilometers north of Ethiopia’s capital city of Addis Ababa.

  • Market Cap: $30.52(mm)
  • YTD Prce Change: 466.7%
  • MTD Price Change: 8.5%
  • 1-Day Price Change: 10.9%

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Eskay Mining Corp. (CVE:ESK) – $0.26
Gold

Eskay Mining Corp. (Eskay) is a natural resource company that is engaged in the acquisition and exploration of mineral properties in British Columbia, Canada. The Company holds an interest in the St. Andrew Goldfield (SIB)-Eskay Project. It also owns an interest in mineral tenures located in the Skeena Mining Division, Province of British Columbia.

  • Market Cap: $26.60 (mm)
  • YTD Prce Change: 160%
  • MTD Price Change: 8.3%
  • 1-Day Price Change: 8.3%

eskay-graph
Almadex Minerals Ltd. (CVE:AMZ) – $0.91
Gold

Almadex Minerals Ltd is a copper and nickel ore mine operator. The company was founded in April 2015 and is located in Vancouver, Canada.

  • Market Cap: $25.10 (mm)
  • YTD Prce Change: 487.1%
  • MTD Price Change: 5.8%
  • 1-Day Price Change: 21.3%

almadex-graph

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