Cash flow is one of the most important performance metrics for a company, as it shows the actual amount of cash being transferred into and out of a business and is an indication of its liquidity. Cash from operations only looks at cash generated from day to day operations, adjusting the figure to changes in working capital and any non-cash expenses. That being said, the companies on our list have a 20%+ 2 year CAGR in operating cash flow, which is somewhat impressive for a resource company.
Lucara Diamond Corp. (TSX: LUC) – $1.99
Non-Gold Precious Metals & Minerals
Lucara Diamond Corp. is a Canada-based diamond producer. Its assets include the Karowe mine in Botswana and the Mothae project in Lesotho. The Kimberlite at the Karowe Mine (the AK6 Kimberlite) comprises a single, tri-lobate Kimberlite pipe, and its sub-outcrop consists of a core of Kimberlite, covering an area of 4.2 hectares. The Mothae mining lease covers an area of 20 square kilometers. The project hosts a diamondiferous Kimberlite pipe with an estimated surface extent of 8.8 hectares.
- Market Cap: $764,129,003
- Operating Cash Flow (2 year CAGR): 633.4%
- Operating Cash Flow (2014): $154,587,946
- Operating Cash Flow (2012): $2,874,272
Dominion Diamond Corp. (TSX: DDC) – $16.06
Non-Gold Precious Metals & Minerals
Dominion Diamond Corporation is focused on the mining and marketing of rough diamonds to the global market. The Company has ownership interests in the Diavik and the Ekati group of mineral claims. The Diavik Joint Venture is an unincorporated joint arrangement between Diavik Diamond Mines (2012) Inc. (DDMI) and Dominion Diamond Diavik Limited Partnership (DDDLP) where DDDLP holds an undivided 40% ownership interest in the assets, liabilities and expenses of the Diavik Diamond Mine. The Ekati Diamond Mine consists of the Core Zone, which includes the current operating mine and other permitted kimberlite pipes, as well as the Buffer Zone, an adjacent area hosting kimberlite pipes having both development and exploration potential.
- Market Cap: $1,387,800,484
- Operating Cash Flow (2 year CAGR): 124.1%
- Operating Cash Flow (2014): $410,583,236
- Operating Cash Flow (2012): $81,732,840
Lake Shore Gold Corp. (TSX: LSG) – $1.08
Gold
Lake Shore Gold Corp. (Lake Shore Gold) is a Canada-based company engaged in the operation, exploration and development of three gold complexes located in the Timmins Gold Camp in Timmins, Ontario. The Company also has exploration properties in Quebec. Lake Shore Gold is in commercial production at its Timmins West Mine and Bell Creek Mine.
- Market Cap: $479,150,346
- Operating Cash Flow (2 year CAGR): 93.1%
- Operating Cash Flow (2014): $111,256,000
- Operating Cash Flow (2012): $29,840,000
Capstone Mining Corp. (TSX: CS) – $0.90
Diversified Mining
Capstone Mining Corp. is a Canadian mining company engaged in the exploration and production of base and precious metals in United States, Mexico, Canada, Chile and Australia. The Company operates through five segments, which include Pinto Valley (United States), Cozamin (Mexico), and Minto (Canada), Santo Domingo development project (Chile) and Other. Capstone owns a 70% interest in the Santo Domingo copper-iron-gold project.
- Market Cap: $353,832,938
- Operating Cash Flow (2 year CAGR): 47.0%
- Operating Cash Flow (2014): $223,324,681
- Operating Cash Flow (2012): $103,374,836
Dundee Precious Metals Inc. (TSX: DPM) – $2.08
Diversified Mining
Dundee Precious Metals Inc. is a Canada-based, international gold mining company engaged in the acquisition, exploration, development, mining, and processing of precious metals. The Company’s principal subsidiaries include: Dundee Precious Metals Chelopech, which owns and operates gold, copper and silver mine located east of Sofia, Bulgaria; Dundee Precious Metals Kapan, which owns and operates a gold, copper, zinc and silver mine located in Kapan in southern Armenia; Dundee Precious Metals Krumovgrad, focused on the development of a gold property located in Krumovgrad in southeastern Bulgaria; and Dundee Precious Metals Tsumeb, which owns and operates the Company’s concentrate processing facility located in Tsumeb, Namibia.
- Market Cap: $286,774,597
- Operating Cash Flow (2 year CAGR): 21.1%
- Operating Cash Flow (2014): $113,948,182
- Operating Cash Flow (2012): $77,659,604
