The Canadian gold stocks we’ve uncovered have experienced strong returns during a seasonally slow period for resource companies
SmallCapPower | May 29, 2019: Summer has historically been a slow season for resource stocks. Today, though, we have spotted three Canadian gold stocks that are enjoying strong returns and increasing trading volumes, bucking the seasonal trend.
*Share prices as at close May 27, 2019, data obtained from S&P Capital IQ
Pretium Resources Inc. (TSX:PVG) – $10.75
Metals and Mining
Pretium Resources operates the Brucejack mine located in northwestern British Columbia. On April 3, 2019, the Company announced plans to increase production to a rate of 3,800 tonnes per day from 2,700 at the Brucejack Mine. Pretium Resources expects to reach its 2019E gold production objective of between 390,000 and 420,000 ounces. Gold grades are expected to average about 10.4 g/t during 2019. The Company also announced its Q1/19 operating and financial results on May 2, 2019. Pretium produced 79,180 ounces of gold with gold recoveries of 96.8%.
- Market Cap: $1,981.1 Million
- 30 Day Return: 6.5%
- 30 Day Average Trading Volume (1,000): 525
- 90 Day Average Trading Volume (1,000): 503
BTU Metals Corp. (TSXV:BTU) – $0.15
Metals and Mining
BTU Metals is a Canadian junior exploration company that is focused on its Dixie Halo gold project, which is located in Ontario’s Red Lake district, and attached with Great Bear Resources Ltd. (GBR). The Dixie Halo gold project is made up of four properties that total about 12,963 hectares that surround GBR. In May 2019, BTU reported 16.3m grading 26.9 g/t Au and 7m grading 44.5 g/t Au at the “Hinge Zone” at the Dixie Halo project. The gold incidences of GBR occur along a 2.5km strike that are between 0.5 km and 1.5km of the boundary connecting to Dixie Halo South.
- Market Cap: $7.8 Million
- 30 Day Return: 61.1%
- 30 Day Average Trading Volume (1,000): 128
- 90 Day Average Trading Volume (1,000): 121
Ethos Gold Corp. (TSXV:ECC) – $0.20
Metals and Mining
Ethos Gold is a resource exploration company led by a management team with over 100 years of collective experience in mining and finance. The Company explores primarily for gold deposits. Its current projects are in precious metals and minerals at properties in Chihuahua State, Mexico, and British Columbia. On May 22, 2019, Ethos released the trench results from its La Purisima gold project in northwestern Chihuahua State, Mexico. With the six trenches completed, results were highlighted by Trench 2 at the Purisima Vein Zone, which graded 0.47 g/t Au over 127m, including 1.11 g/t Au over 40m, and Trench 3 at the Stockwork Zone, which had 0.84 g/t Au over 10m, and 6.51 g/t Au over 2m.
- Market Cap: $10.7 Million
- 30 Day Return: 30.0%
- 30 Day Average Trading Volume (1,000): 122
- 90 Day Average Trading Volume (1,000): 74
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
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