U.S. election results uncertainty is benefiting the junior gold stocks on our list more than others in the space
SmallCapPower | November 3, 2016: From the FBI’s recent announcement of the reopening of a case against Hillary Clinton, and Trump being neck and neck and at time a head of Clinton in the early voting, the market is reacting and it is pushing up the gold price. Some are predicting gold heading to US$1400-$1500 an ounce if Trump emerges victorious on November 8th, with a slight price decline possible following a Clinton victory. With some investors jumping back into the gold market in recent days, the junior gold stocks on our list could continue to benefit from the uncertainty leading up to election.
Euro Sun Mining Inc. (TSE:ESM) – $1.05
Euro Sun Mining Inc, formerly Carpathian Gold Inc, is a Canada-based mineral exploration and development company focused on gold and copper exploration on its property in Romania. The Company, through its subsidiaries, focuses on its exploration and development on Rovina Valley Au-Cu project in Romania. The Company’s project is located approximately 20 kilometers from Eldorado Gold’s Certej gold project. The Company’s Rovina Valley Project consists of approximately three copper-gold porphyry systems, such as Rovina, Colnic and Ciresata.
- Market Cap: $52.50 (mm)
- 1-day Price PCT Change: 16.7%
- YTD Price PCT Change: 478.1%
Gowest Gold Ltd. (CVE:GWA) – $0.20
Gowest Gold Ltd. is a Canada-based gold company engaged in the business of exploring and evaluating properties. It focuses on the exploration and evaluation of the North Timmins Gold Project (NTGP), which includes its Bradshaw gold deposit. The Company’s 10,700-hectare NTGP land package is located near Timmins, Ontario, in the Timmins Gold Camp. Its properties include Frankfield Property, Tully Property, Pipestone Property and Whitney Property.
- Market Cap: $55.47(mm)
- 1-day Price PCT Change: 14.7%
- YTD Price PCT Change: 178.6%
Orvana Minerals Corp. (TSE:ORV) – $0.25
Orvana Minerals Corp. is a Canada-based multi-mine gold and copper production company. Its operating properties consist of El Valle Mine (El Valle), which is an underground gold-copper-silver mine with process facilities that produce a copper concentrate and gold dore, located in the northern part of Spain, and Don Mario Mine (Don Mario), which is an open-pit gold-copper-silver mine with process facilities that produce both copper and gold concentrates, located in the south-eastern part of Bolivia.
- Market Cap: $34.10(mm)
- 1-day Price PCT Change: 13.6%
- YTD Price PCT Change: 100.0%
Rusoro Mining Ltd. (CVE:RML) – $0.26
Rusoro Mining Ltd. is a Canada-based company engaged in the acquisition, exploration, development and operation of gold mineral properties. The Company is a gold producer and explorer, with a land position in the Bolivar State mining region in southern Venezuela. The Company received mining concessions in Venezuela for the exploration, development and exploitation of alluvial and vein gold. It has gold reserves of approximately 5,584,000 ounces and inferred resources of over 6,805,000 ounces. The Company has not generated any revenues.
- Market Cap: $135.88(mm)
- 1-day Price PCT Change: 13.3%
- YTD Price PCT Change: 363.6%
ATAC Resources Ltd. (CVE:ATC) – $0.62
ATAC Resources Ltd. (ATAC) is an exploration-stage company engaged in the business of exploring for metals and minerals, primarily gold. The Company is involved in the exploration and development of its Rackla Gold project, which is located in the Mayo Mining District of central Yukon. Its Rackla Gold project consists of over 8,710 mineral claims and covers an east-west extending land package approximately 190 kilometer long by over 20 kilometer wide and an area of over 1,700 square kilometer. The Rackla Gold Project consists of the Rau Trend, including Tiger Deposit and the Ocelot Zone, and the Nadaleen Trend, including Osiris Zone, Ibis Zone and Anubis Area.
- Market Cap: $76.04(mm)
- 1-day Price PCT Change: 12.7%
- YTD Price PCT Change: 110.2%