4 TSX listed Gold Stocks with Big Earnings Expectations

Financially-leveraged gold stocks will have the greatest advantage from the continued ascent in gold prices

SmallCapPower | May 4, 2016: Gold is considered a safe haven for investors during times of increased volatility, and the gold price has appreciated 21% from the start of 2016. As the precious metal’s value continues to advance, gold miners in Canada will surely benefit. Specifically, those in a position of greater financial leverage will witness amplified earnings, such as the TSX listed companies on our list. Debt to total assets is a good measure of leverage, as it shows a company’s percentage of assets that were financed by creditors.

4 TSX listed Gold Stocks:

IAMGOLD (TSE:IMG) – $4.08
Gold

IAMGOLD Corporation explores for, develops, and operates mining properties in North and South America, and West Africa. The Company explores for gold, copper, zinc, and silver. It owns interest in the Rosebel gold mine located in northeastern Suriname, South America; Essakane gold mine in northeastern Burkina Faso, West Africa; Westwood gold mine southwestern Québec, Canada; and Côté gold development project located to the southwest of Gogama, Ontario.

• Market Cap: $1.67 Billion
• Debt to Total Assets: 19%

B2Gold (TSE:BTO) – $2.74
Gold

B2Gold Corp. engages in the acquisition, exploration, and development of mineral properties in Nicaragua, the Philippines, Namibia, Mali, Colombia, Burkina Faso, Finland, and Chile. It explores principally for gold, silver, and copper deposits. The Company’s production properties include the La Libertad mine with an exploitation concession covering 10,950 hectares and the El Limon mine covering 12,000 hectares located in Nicaragua; the Masbate mine covering approximately 10,807 hectares and the Pajo property covering 786 hectares located in the Philippines; and Otjikoto mine covering 6,933.99 hectares located in Namibia.

• Market Cap: $2.48 Billion
• Debt to Total Assets: 22%

New Gold Inc. (TSE:NGD) – $5.66
Gold

New Gold, Inc., a gold mining company, engages in the acquisition, exploration, development, and operation of mineral properties. It explores primarily for gold, silver, and copper deposits. The Company’s operating properties include a 100% interest in the New Afton gold-copper mine in British Columbia, Canada; the Mesquite gold mine in Imperial County, California, the United States; the Peak gold-copper mines in New South Wales, Australia; and the Cerro San Pedro gold-silver mine in the state of San Luis Potosí, Mexico.

• Market Cap: $2.91 Billion
• Debt to Total Assets: 21%

Yamana Gold (TSE:YRI) – $5.77
Gold

Yamana Gold Inc. engages in the exploration and development of precious metal properties in Brazil, Argentina, Chile, Mexico, and Canada. It explores for gold, silver, and copper. It holds interests primarily in the Chapada, El Peñón, Gualcamayo, Mercedes, Canadian Malartic, Minera Florida, and Jacobina properties.

• Market Cap: $5.45 Billion
• Debt to Total Assets: 18%

Let us know in comments below, if there are other TSX listed gold stocks that you think should have made the list.

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