The gold juniors on our list have seen strong returns over the past month
SmallCapPower | April 19, 2018: Gold prices have increased over the past month, driven by Syrian geopolitical tensions, up to US$1355/oz. from US$1310/oz. one month ago. The gold juniors on our list today have seen average returns of 22%, outperforming the GDXJ, which increased 6% over the same period. Strong exploration results could indicate strong near-term growth for these companies.
Intercontinental Gold and Metals Ltd. (TSXV:ICAU) – $0.34
Gold
Intercontinental Gold and Metals is a gold trading company operating primarily in Bolivia. On April 13, the Company closed a $3.75M unit financing and announced its expansion plans. ICAU plans to offer bullion and bullion storage to global buyers online, casting grain to jewelers, and a gold-backed cryptocurrency. The Company also aims to further expand its existing buying, refining, and export operations, as well as enter the gold and silver markets of Peru and Brazil.
- Market Cap: $4.6 Million
- 1 Week Total Return: 25.9%
- 1 Month Total Return: 112.5%
- YTD Total Return: 106.1%
Mexican Gold Corp. (TSXV:MEX) – $0.39
Gold
Mexican Gold is a Canada-based gold company focused on the exploration of its flagship asset, the Las Minas Project. According to the site’s initial mineral resource estimate, the project hosts M&I reserves of 304,000 oz. AuEq and Inferred reserves of 719,000 oz. AuEq. Initial drilling results include one hole assaying 4.4 g/t Au, 37.8 g/t Ag, and 3.0% Cu over 16m.
- Market Cap: $14.7 Million
- 1 Week Total Return: 16.7%
- 1 Month Total Return: 28.3%
- YTD Total Return: 16.7%
Northern Empire Resources Corp. (TSXV:NM) – $1.50
Gold
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 received several promising drill results, drilling 70m of 1.8 g/t Au and 43m of 0.8g/t.
- Market Cap: $99.6 Million
- 1 Week Total Return: -7.4%
- 1 Month Total Return: 21.0%
- YTD Total Return: 59.6%
Superior Gold Inc. (TSXV:SGI) – $1.50
Gold
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 reserves estimate at its Plutonic operations had tripled, with total mineral reserves across all projects doubling to 382,000 oz.
- Market Cap: $143.3 Million
- 1 Week Total Return: -3.2%
- 1 Month Total Return: 20.0%
- YTD Total Return: 40.2%
Pure Gold Mining Inc. (TSXV:PGM) – $0.66
Gold
Pure Gold Mining is a Canada-based gold exploration company operating in Ontario. The mine hosts 0.9M oz Au grading 10.3 g/t Au. The Company has its Definitive Feasibility Study in progress and expects to make a production decision in Q4 2018. Recent drilling results include PGU-0061, which assayed 28.2 g/t over 7m.
- Market Cap: $147.2 Million
- 1 Week Total Return: 0.0%
- 1 Month Total Return: 17.9%
- YTD Total Return: 17.9%
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
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