The Canadian gold stocks on our list have delivered price appreciation of between 20%-615% over the past three months
SmallCapPower | August 22, 2017: Today we have identified five Canadian gold stocks that delivered price appreciation of between 20%-615% over the past three months. To avoid low-base effect of penny gold stocks, we have taken stocks above $1 for the purpose, with market caps ranging between $80 million and $3.0 billion. With recent global sell-off in equity markets amid concerns of nuclear threat from North Korea, the yellow metal continues to surge on safe haven buying and currently trades ($1,293/oz) near its yearly high of $1,295/oz reached in June 2017.
Novo Resources Corp (TSXV: NVO)
Novo Resources Corporation is focused primarily on exploring gold at its Pilbara project in the Karratha Region, Western Australia. Novo also holds a 100% interest in the AU-Ag Tuscarora project in Elko, Nevada.
GT Gold Corp (TSXV: GTT)
GT Gold Corp. is focused on exploring for gold in the geologically fertile terrain of British Columbia’s Golden Triangle. The Company’s flagship asset is the wholly-owned Tatogga property, located off Highway 37 in northern B.C., upon which it has developed, from grass-roots exploration in the period since 2011, the Saddle gold prospect.
Euro Sun Mining Inc. (TSX: ESM)
Euro Sun Mining Inc. is focused primarily on the exploration and development of its 100%-owned Rovina Valley gold and copper project located in west-central Romania. The property hosts 10.84 million gold equivalent ounces (7.19 million ounces of gold grading 0.55 g/t and 1,420 million pounds of copper grading 0.16%), making it the second largest gold deposit in Europe.
Kirkland Lake Gold Ltd. (TSX: KL)
Kirkland Lake Gold Ltd. is a mid-tier gold producer targeting 570,000 – 590,000 ounces in Tier 1 mining jurisdictions of Canada and Australia. The production profile of the Company is anchored by three high-grade, low-cost operations, the Macassa Mine and the Taylor Mine, located in Northeastern Ontario, and the Fosterville Mine located in the state of Victoria, Australia.
Premier Gold Mines Limited (TSX: PG)
Premier Gold Mines Limited is a gold producer with a pipeline of precious metal projects in proven, accessible and safe mining jurisdictions in Canada, the U.S., and Mexico. The Company remains focused on creating a low-cost, mid-tier gold producer through its two producing gold mines; South Arturo and Mercedes, and through future mine development opportunities at McCoy-Cove in Nevada and Hardrock in Ontario (Greenstone Gold JV) where permitting and development initiatives are ongoing.
Disclosure: Neither the author nor any of the principals at Small Cap Power, or their family members, own shares in any of the companies mentioned above.
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