Financing has been tough to come by within the mining industry and considering the underperforming price of bullion, most gold stocks haven’t done much for its shareholders and yet a lot of mines continue to operate and money is still being raised. The stocks on our list have managed to raise more than $100 million in debt and/or equity over the past fiscal year.
Lundin Gold Inc. (TSX: LUG) – $3.83
Gold
Lundin Gold Inc. (Lundin Gold), formerly Fortress Minerals Corp., is a Canada-based mining company that owns the Fruta del Norte Project located in southeast Ecuador, which is an undeveloped gold project. Fruta del Norte consists of 36 mining concessions, which cover an area of approximately 86,000 hectares located in southeastern Ecuador, in the Province of Zamora and in Morona Santiago province.
- Market Cap: $401,179,085
- Revenues (LTM): $0
- Issuance (Retirement) of Debt: $36,414,853
- Issuance (Retirement) of Equity: $176,553,478
Guyana Goldfields Inc. (TSX: GUY) – $3.90
Gold
Guyana Goldfields Inc. (Guyana Goldfields) is a Canada-based mineral exploration company focused primarily on the exploration and development of gold deposits in Guyana, South America. The Company has one advanced development stage project, the Aurora project, located in Guyana. Aurora has total Proven and Probable reserves of approximately 3.48 million ounces of gold. Guyana Goldfields also has a contiguous land package of approximately 102,220 acres located in the Aranka district of Guyana, which is near the northeast portion of the Aurora Project, known as the Aranka Properties, and consists of a number of separate properties including Sulphur Rose.
- Market Cap: $595,286,659
- Revenues (LTM): $0
- Issuance (Retirement) of Debt: $79,668,111
- Issuance (Retirement) of Equity: $48,788,629
Klondex Mines Ltd. (TSX: KDX) – $3.16
Gold
Klondex Mines Ltd. (Klondex) is a Canada-based exploration company focused on gold and silver exploration, development and production in north-central Nevada, from its two gold and silver projects: the Fire Creek project (Fire Creek) and the Midas mine and milling facility (Midas). Its milling facility has a capacity to mill about 1,200 tons per day (tpd).
- Market Cap: $423,011,522
- Revenues (LTM): $166,318,440
- Issuance (Retirement) of Debt: $52,091,000
- Issuance (Retirement) of Equity: $71,075,000
Detour Gold Corp. (TSX: DGC) – $14.05
Gold
Detour Gold Corporation is a Canada-based gold mining company engaged in the acquisition, exploration, development and operation of mineral properties. The Company’s focus is on the exploration and development of its Detour Lake gold project, located on its 627 square kilometer Detour Lake Property in northeastern Ontario, Canada.
- Market Cap: $2,540,270,336
- Revenues (LTM): $637,283,134
- Issuance (Retirement) of Debt: -$66,423,591
- Issuance (Retirement) of Equity: $180,613,428
