5 Junior Gold Miners with Low All-In Sustaining Costs (AISC)

The junior gold miners on our list are likely better able to withstand this falling gold price environment

SmallCapPower | December 14, 2016: As the gold price continues to slide, only the miners with the most efficient operations will be able to stay profitable. AISC is a non-IFRS measure established by the World Gold Council (WGC) that was developed so that gold miners could be compared across various jurisdictions. All-In Sustaining Costs is exactly what it sounds like and includes everything from the actual mining of the metal/mineral to the sale of it and the cost for reclamation once the mine shuts down. The junior gold miners on our list today have achieved the lowest AISC for their Q3, 2016 results and could be the ones to thrive if the gold price continues to fall.

Gran Colombia Gold Corp. (TSE:GCM) – $0.10
Gold

Gran Colombia Gold Corp. (Gran Colombia) is a Canada-based gold and silver exploration and development company engaged in the acquisition, exploration, development and operation of gold properties in Colombia. Gran Colombia is an underground gold and silver producer in Colombia with several underground mines and over two processing plants in operation. It holds interest in underground gold and silver mining operation in Colombia, the Segovia Operations, and also holds interest in the Marmato Project.

  • Market Cap: $27.68(mm)
  • YTD Price PCT Change: -23.1%
  • Revenue (LTM, CAD, Millions): $220.82
  • All-In Sustaining Cost (US$/oz): $832.00

Endeavour Mining Corp. (TSE:EDV) – $21.23
Gold

Endeavour Mining Corporation is an intermediate gold mining company that has an exploration portfolio in regions of Burkina Faso, Cote d’Ivoire, Mali and Ghana with a land package totaling approximately 5,080 square kilometers. Its properties include Agbaou Gold Mine, Nzema Gold Mine, Tabakoto Gold Mine and Hounde Project. Agbaou Gold Mine is located over 200 kilometers northwest of the port city of Abidjan in Cote d’Ivoire. Nzema Gold Mine is located in the Western Region of Ghana, over 280 kilometers west of the capital, Accra. Endeavour produces over 517,950 ounces from approximately four mines in West Africa.

  • Market Cap: $1,982.39(mm)
  • YTD Price PCT Change: 178.2%
  • Revenue (LTM, CAD, Millions): $833.74
  • All-In Sustaining Cost (US$/oz): $898.00

Teranga Gold Corp. (TSE:TGZ) – $0.79
Gold

Teranga Gold Corp is a Canada-based mining company that is engaged in the production, sale and exploration of gold in Senegal, West Africa. The Company owns and operates a gold mine and mill, the Sabodala Gold mine, in Senegal, West Africa. The Company is focused on the exploration and development of Sabodala gold mine, which is located approximately 650 kilometers southeast of Dakar, the capital of Senegal.

  • Market Cap: $422.52(mm)
  • YTD Price PCT Change: 61.2%
  • Revenue (LTM, CAD, Millions): $357.82
  • All-In Sustaining Cost (US$/oz): $907.00

Argonaut Gold Inc. (TSE:AR) – $2.38
Gold

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: $377.15(mm)
  • YTD Price PCT Change: 100.0%
  • Revenue (LTM, CAD, Millions): $186.72
  • All-In Sustaining Cost (US$/oz): $953.00

Banro Corp. (TSE:BAA) – $0.24
Gold

Banro Corporation (Banro) is a gold mining company. The Company, through its subsidiaries, holds interest in various gold properties, including Twangiza, Namoya, Lugushwa and Kamituga. The Company is focused on production from the Twangiza gold mine in the Democratic Republic of the Congo (DRC). The Company’s properties, totaling approximately 2,610 square kilometers, are covered by a total of over 10 exploitation permits or mining licenses.

  • Market Cap: $72.34(mm)
  • YTD Price PCT Change: -14.3%
  • Revenue (LTM, CAD, Millions): $274.06
  • All-In Sustaining Cost (US$/oz): $963.00