On average junior gold stocks have surged 235% so far this year
SmallCapPower | September 20, 2016: Gold stocks, in general, have had a great 2016 thus far. Junior gold stocks, in particular, have enjoyed their added leverage to the gold price, climbing 235% on average as a group. Today, we have identified the best of the best in terms of stock-price performance.
Rupert Resources Ltd. (CVE:RUP) – $0.79
Rupert Resources Ltd. is a gold exploration and development company that is engaged in the acquisition and exploration of mineral properties in Canada. The Company is seeking out mineral exploration and evaluation opportunities and has over two projects located in Ontario and British Columbia. The Company’s exploration and evaluation assets include Pahtavaara gold mine, Gold Centre Property and Surf Inlet Property. The Pahtavaara Mine is located in the Central Lapland Greenstone Belt in Northern Finland. The Company holds interest in a 20-year mining lease consisting of mineral claims located in the Balmer Township, Red Lake Mining Division of Ontario, subject to approximately 1.5% net smelter returns royalty (NSR).
- Market Cap: $64.48 (M)
- Stock Close 01/01/2016: $0.03
- Stock Close 09/16/2016: $0.79
- Percent Value Increase: 2533%
MDN Inc. (CVE:MDN) – $0.23
MDN Inc. is a mineral resource company in the exploration and evaluation stage. The Company holds interests in properties located in the regions of Quebec and Ontario in Canada and in de Lake Victoria Goldfield in Tanzania in East Africa. Its mineral properties in Canada include Crevier property, Samaqua property, Prairie Lake property and Argor property. Its mineral properties in Tanzania include Ikungu and Ikungu East properties, Nikonga property and Isambara (Simba) property.
- Market Cap: $35.16 (M)
- Stock Close 01/01/2016: $0.02
- Stock Close 09/16/2016: $0.23
- Percent Value Increase: 1400%
West Red Lake Gold Mines Inc. (CSE:RLG)- $0.30
West Red Lake Gold Mines Inc. is focused on exploring and developing a gold resource at its approximately 3,100 hectare West Red Lake Project property in Canada. With approximately three former producing gold mines in the Red Lake Gold District, the Company’s project is situated on the Pipestone Bay-St Paul Deformation Zone, which strikes east west across the approximately 10 kilometers property and then continues east towards the town of Red Lake, Ontario. The Mount Jamie Mine property and Rowan Mine property are situated on this regional geological structure and present the Company with approximately 10 kilometers long exploration horizon. The Rowan Mine property consists of approximately 120 claims, including over 50 patented, approximately 20 leased and over 50 staked claims. The Mount Jamie Mine property consists of approximately 30 claims. The Red Summit Mine property consists of approximately two patented claims situated within the Rowan Mine Property.
- Market Cap: $30.47 (M)
- Stock Close 01/01/2016: $0.03
- Stock Close 09/16/2016: $0.30
- Percent Value Increase: 900%
Orla Mining Ltd. (CVE:OLA) – $1.32
Orla Mining Ltd., formerly Red Mile Minerals Corp., is a Canada-based mineral exploration company with a gold property along the prolific Destor-Porcupine gold producing region in Ontario. The Company’s Blue Quartz Property is located approximately 10 kilometers north-northeast of Matheson, over 70 kilometers east northeast of Timmins and approximately 60 kilometers northwest of Kirkland Lake, all located in the Province of Ontario. The Blue Quartz property consists of approximately 30 patented mining claims, all with surveyed boundaries, located in Beatty Township, Ontario.
- Market Cap: $43.07 (M)
- Stock Close 01/01/2016: $0.14
- Stock Close 09/16/2016: $1.32
- Percent Value Increase: 843%
Sirios Resources Inc. (CVE:SOI) – $0.91
Sirios Resources Inc is a Canada-based company, which is engaged in exploring the gold deposits of James Bay area in Quebec. The Company’s projects include Cheechoo, Aquilon, Kukames and Pontax. The Company’s flagship project is the Cheechoo gold project, which consists of 145 claims covering approximately 75 kilometer square adjacent to the property of the Eleonore gold mine of Goldcorp.
- Market Cap: $94.24 (M)
- Stock Close 01/01/2016: $0.10
- Stock Close 09/16/2016: $0.91
- Percent Value Increase: 810%
Ubika Research/SmallCapPower has received compensation from West Red Lake Gold Mines to provide analyst research coverage. For full disclosure please visit here >>