The gold stocks on our list today have vastly outperformed their peers
SmallCapPower | April 13, 2018: Gold prices have spiked over the past week, increasing from US$1325/oz to US$1355/oz, likely driven by concerns over a potential U.S. military intervention in Syria. Today we have identified five gold stocks that have significantly outperformed their peers, increasing an average of 19% over the past week and 29% month-over-month (M/M). For comparison, the VanEck Vectors Junior Gold Miners ETF (GDXJ) is up 3% over the past week and M/M.
Torex Gold Resources Inc. (TSX:TXG) – $13.69
Torex is a Canada-based gold producer operating in Mexico. The Company’s flagship asset, the ELG mine, has a production capacity of 370,000 oz Au/year, and hosts 4.8Moz Au and 8.0Moz Ag, grading 3.0g/t and 4.9 g/t respectively. Torex also owns the nearby Media Luna project, which hosts reserves of 7.4M AuEq oz., grading 4.5 g/t AuEq. On April 6, the Company announced that the blockades of the mine had ended, enabling full production and exploration at its assets.
- Market Cap: $1,162.0 Million
- 1 Week Total Return: 77.8%
- 1 Month Total Return: 49.5%
- YTD Total Return: 14.8%
International Tower Hill Mines Ltd. (TSX:ITH) – $0.92
International Tower Hill Mines is an advanced exploration-stage company operating in Alaska. The Company’s primary asset, the Livengood Gold Project, is located 110km from Fairbanks.
- Market Cap: $171.2 Million
- 1 Week Total Return: 39.4%
- 1 Month Total Return: 53.3%
- YTD Total Return: 64.3%
Northern Empire Resources Corp. (TSXV:NM) – $1.58
Northern Empire Resources is developing its Sterling Gold project in Nevada. The asset hosts Inferred reserves of 1.0Moz Au, grading 1.3 g/t Au. The Company aims to conduct exploration and target identification throughout 2018 and 2019, as well as expand its land package on the site. Over the past month, Northern Empire listed on the OTC, and has received several promising drilling results, drilling 70m of 1.8 g/t Au and 43m of 0.8g/t.
- Market Cap: $107.7 Million
- 1 Week Total Return: 14.5%
- 1 Month Total Return: 28.5%
- YTD Total Return: 68.1%
Superior Gold Inc. (TSXV:SGI) – $1.57
Superior Gold is a Canada-based gold producer operating in Australia. The Company operates the Plutonic Gold operations, acquired in October 2016, which produced 80,000 oz. Au in 2017. The Company is also advancing an open-pit mine called the Hermes located ~40km to the SE, which is expected to drive the Company past 100,000 oz. Au this year. On March 26, the Company declared commercial production at Hermes. On April 3, the Company announced that its underground mineral reserve estimate at its Plutonic Gold Operations had tripled.
- Market Cap: $148.2 Million
- 1 Week Total Return: 8.3%
- 1 Month Total Return: 25.6%
- YTD Total Return: 46.7%
West Red Lake Gold Mines Inc. (CSE:RLG) – $0.11
West Red Lake Gold Mines is a Toronto based-company focused on gold exploration and development in the Red Lake Gold District of Northwestern Ontario, Canada. The Red Lake Gold District is host to some of the richest gold deposits in the world and has produced over 30 million ounces of gold from high-grade zones, including 18 million ounces from the nearby Red Lake Mine and Campbell Mine operated by Goldcorp (TSX:G). West Red Lake Gold Mines has assembled a 3100-hectare property that has a 12-kilometre strike length and three former producing gold mines.
- Market Cap: $13.2 Million
- 1 Week Total Return: 0.0%
- 1 Month Total Return: 15.8%
- YTD Total Return: -15.4%
Ubika Research/SmallCapPower has received compensation from West Red Lake Gold Mines to provide analyst research coverage. For full disclosure please visit here >>.
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
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