Optimal operations and colossal cash generation is what the TSX gold stocks on our list all have in common
SmallCapPower | January 23, 2017: ‘Cash is King’ with the TSX gold stocks on our list today, as these junior miners run an operation with positive cash flow, no easy task in the gold mining industry. The names on our list all have a strong balance sheet, which means more options for growth, whether it be through a strategic acquisition or through capital expansion.
Centerra Gold Inc. (TSX: CG) – $6.68
Centerra Gold Inc. is a Canada-based gold mining company focused on operating, developing, exploring and acquiring gold properties in Asia, North America and other markets across the world. Its Kyrgyz segment includes Kumtor Gold Co. (KGC) (Kyrgyz Republic), which operates Kumtor Mine. Its Mongolian segment includes Centerra Gold Mongolia LLC (CGM) (Mongolia), which operates ATO Project and Gatsuurt Project, and Boroo Gold LLC (BGC) (Mongolia), which operates Boroo Mine. Its Turkish segment includes Centerra Luxembourg Holdings S.ar.L (Luxembourg), Centerra Exploration B.V. (CEBV) (The Netherlands), and Oksut Madencilik Sanayi Ve Tkaret A.S. (Turkey), which operates Oksut Project.
- Market Cap: $1,946 million
- Total Revenue (LTM): $798 million
- Total Debt (FQ0): $128.68 million
- Free Cash Flow (FY0): $123,024,630.00
Semafo Inc. (TSX: SMF) – $4.83
SEMAFO Inc. is a Canada-based mining company. The Company, through its subsidiaries, is engaged in gold mining activities, including exploration, development and operations. Its properties include Mana project, which is located in Burkina Faso that includes the satellite Siou and Fofina deposits; Natougou advanced gold deposit, which is located approximately 320 kilometers east of Ouagadougou, and consists of a drill database of over 170 diamond, 625 multi-purpose (reverse-circulation (RC) pre-collar and core tail) and 550 RC drill holes; Banfora project, which is located approximately 200 kilometers south west of Mana, and Nabanga project, which is located approximately 250 kilometers south-east of Ouagadougou.
- Market Cap: $1,569 million
- Total Revenue (LTM): $402 million
- Total Debt (FQ0): $74.58 million
- Free Cash Flow (FY0): 96,542,813.20
Alacer Gold Corp. (TSX: ASR) – $2.47
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’s principal products are gold, copper and silver. The Company has an interest in the Copler Gold Mine in Turkey. As well, its Copler Sulfide Expansion Project is a gold exploration project located in east-central Turkey.
- Market Cap: $721 million
- Total Revenue (LTM): $205 million
- Total Debt (FQ0): 0.00
- Free Cash Flow (FY0): 59,664,123.20
Kirkland Lake Gold Ltd. (TSX: KL) – $8.40
Kirkland Lake Gold Ltd. is a Canada-based gold mining, development and exploration company. It owns operating mines that include the Fosterville Gold Mine (Fosterville), the Stawell Gold Mine, and the Cosmo Gold Mine in Australia.
- Market Cap: $1,705 million
- Total Revenue (LTM): $362 revenue
- Total Debt (FQ0): $7.73 million
- Free Cash Flow (FY0): 28,243,795.76
Argonaut Gold Inc. (TSX: AR) – $2.69
Argonaut Gold Inc. is engaged in gold mining, mine development and mineral exploration activities at gold-bearing mineral properties in North America. 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: $428 million
- Total Revenue (LTM): $187 million
- Total Debt (FQ0): $1.96 million
- Free Cash Flow (FY0): 27,389,502.00