Gold sank to a five-year low Monday, briefly falling below US$1100 before ending down more than 2% to $1,106.80 an ounce on the Comex. All of which sparked one of the steepest gold stock selloffs in recent memory as even one of biggest names in the industry, Barrick Gold Corporation (TSX: ABX), suffered a one-day loss of about 16%. Surprisingly the past 52-weeks haven’t been all bad, especially for the juniors on our list today.
Avnel Gold Mining Ltd. (TSX: AVK) – $0.24
Gold
Avnel Gold Mining Limited (Avnel) is a gold mining, exploration and development company with operations in southwestern Mali in West Africa. The Company’s principal asset is an 80% indirect equity interest in Societe d Exploitation des Mines d Or De Kalana, S.A. (SOMIKA). SOMIKA owns a long tenure (30 years plus two 10-year extensions) exploitation permit and covers an area of approximately 387 square kilometers (km2) located in southwestern Mali (the Kalana Permit). Avnel’s objective, through SOMIKA, is the development of the Kalana Main Project by completing technical studies to demonstrate the presence of a commercially viable, bulk tonnage, open-pit gold mine.
- Market Cap: $77,712,032
- Price Change (1 year): +82.1%
- Revenue (LTM): $14,269,745
- Average Daily Volume (30 days): 24,943
Klondex Mines Ltd. (TSX: KDX) – $3.14
Gold
Klondex Mines Ltd. (Klondex) is a Canada-based exploration company focused on gold and silver exploration, development and production in northcentral Nevada, from its two gold and silver projects: the Fire Creek project (Fire Creek) and the Midas mine and milling facility (Midas). Klondex owns and operates the Fire Creek Project in north central Nevada, a low-sulphidation, epithermal vein deposit in the Northern Nevada Rift. Midas is a low-sulphidation, epithermal vein underground gold and silver mine located in Nevada between Elko and Reno. The milling facility has a capacity to mill around 1,200 tons per day (tpd).
- Market Cap: $402,986,649
- Price Change (1 year): +50.2%
- Revenue (LTM): $166,318,440
- Average Daily Volume (30 days): 349,780
Kirkland Lake Gold Inc. (TSX: KGI) – $4.97
Gold
Kirkland Lake Gold Inc. is a Canada-based gold mining company operating and exploring for gold in Kirkland Lake, Ontario, which is located in the Lower Abitibi Greenstone belt in northeastern Ontario. The Company owns the five former high-grade mines that produced 22 million ounces of gold at an average grade of 15.1 grams per tonne. Its corporate goal is to create a profitable and long-lived intermediate gold mining company based in the Kirkland Lake Gold Camp.
- Market Cap: $399,193,319
- Price Change (1 year): +26.8%
- Revenue (LTM): $219,888,000
- Average Daily Volume (30 days): 258,746
Wesdome Gold Mines Ltd. (TSX: WDO) – $1.01
Gold
Wesdome Gold Mines Ltd. is a gold producer engaged in gold mining and related activities including exploration, extraction, processing and reclamation. The Company’s principal assets include the Eagle River mine, the Mishi mine and the Eagle River mill located near Wawa, Ontario and the Kiena mining and milling complex and exploration properties located in Val D’Or, Quebec.
- Market Cap: $112,359,799
- Price Change (1 year): +14.8%
- Revenue (LTM): $73,750,000
- Average Daily Volume (30 days): 64,541
