6 Gold Stocks That Could Shine Following Tax-Loss Selling

Buying a gold stock in December and selling it at the end of March could prove lucrative due to a combination of tax-loss selling and a strong first quarter that resource-related equities often enjoy. If recent history is any indication, then the gold stocks on our list today might do well during the first three months of 2016.

Detour Gold Corp. (TSX: DGC) – $13.45

Gold

Detour Gold Corporation is a Canada-based intermediate gold producing company that owns and operates the Detour Lake mine in northern Ontario. The Detour Lake gold mine is a large open pit operation located approximately 300 kilometers (km) northeast of Timmins. The Company’s operating projects include Detour Lake mine, Detour Lake Exploration Block A and Detour Lake Exploration Regional. The Detour Lake property consists of a contiguous block of mining claims and leases totaling approximately 630 square kilometers in the District of Cochrane.

  • Market Cap: $2,219,406,409
  • Percent Change (Dec 2012 – Mar 2013): -20.6%
  • Percent Change (Dec 2013 – Mar 2014): 131.7%
  • Percent Change (Dec 2014 – Mar 2015): 26.8%

Related: See Our Top 5 Ontario Gold Junior Takeover Targets >>

Newmarket Gold Inc. (TSX: NMI) – $1.47

Gold

In early July 2015, Newmarket completed a transformational merger with Crocodile Gold to form a new top 20 Canadian listed gold mining company with three 100% owned operating mines across Australia, producing more than 200,000 ounces annually.

  • Market Cap: $198,836,080
  • Percent Change (Dec 2012 – Mar 2013): -34.3%
  • Percent Change (Dec 2013 – Mar 2014): 100.0%
  • Percent Change (Dec 2014 – Mar 2015): 64.3%

Integra Gold Corp. (TSXV: ICG) – $0.33

Gold

Integra Gold Corp. is a Canada-based exploration-stage resource company engaged in the acquisition and exploration of mineral properties. It is focused on Lamaque gold project (consisting of the Lamaque South and Sigma-Lamaque properties) located in Val-d’Or, Quebec. It holds a number of properties in Canada, which are separated into three resource property groupings: Lamaque properties, the Abitibi Greenstone Belt properties in Quebec and Ontario, and the British Columbia properties.

  • Market Cap: $116,922,485
  • Percent Change (Dec 2012 – Mar 2013): -11.1%
  • Percent Change (Dec 2013 – Mar 2014): 42.5%
  • Percent Change (Dec 2014 – Mar 2015): 64.1%

Kaminak Gold Corp. (TSXV: KAM) – $0.79

Gold

Kaminak Gold Corporation (Kaminak) is an exploration-stage company that is engaged in acquiring, exploring and developing mineral properties across North America with a focus in the Yukon Territory. Its sole material property is the Coffee Gold Project, located around 130 kilometers south of Dawson City, Yukon. The project consists of around 3,021 Yukon quartz mining claims covering an aggregate area of 60,230 hectares owned by Kaminak.

  • Market Cap: $130,389,038
  • Percent Change (Dec 2012 – Mar 2013): -2.5%
  • Percent Change (Dec 2013 – Mar 2014): 70.2%
  • Percent Change (Dec 2014 – Mar 2015): 23.3%


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Lake Shore Gold Corp. (TSX: LSG) – $1.06

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. The Company is in commercial production at its Timmins West Mine and Bell Creek Mine.

  • Market Cap: $467,172,327
  • Percent Change (Dec 2012 – Mar 2013): -11.6%
  • Percent Change (Dec 2013 – Mar 2014): 71.8%
  • Percent Change (Dec 2014 – Mar 2015): 12.0%

Richmont Mines Inc. (TSX: RIC) – $3.97

Gold

Richmont Mines Inc. (Richmont) is principally engaged in activities related to the acquisition, exploration, development and operation of mineral properties. The Company operates around three gold mines (the Beaufor and Monique mines in Quebec and the Island Gold Mine in Ontario) and is also engaged in the development of the extension of its Island Gold Mine operations.

  • Market Cap: $233,244,361
  • Percent Change (Dec 2012 – Mar 2013): -1.4%
  • Percent Change (Dec 2013 – Mar 2014): 41.8%
  • Percent Change (Dec 2014 – Mar 2015): 25.4%