The junior gold stocks we have identified are valued at rock-bottom EV/oz multiples
SmallCapPower | June 28, 2018: Today we have assembled a list of five junior gold stocks with low enterprise value/ounce multiples. Gold prices have risen as high as US$1,360/oz YTD, providing economic viability for exploration projects and financing opportunities for some microcaps in the space. The companies on our list are among the most undervalued compared to their peer average of US$48/oz.
Granada Gold Mine is a Canada-based exploration-stage gold company. Its flagship property is located approximately five kilometers south of the mining community of Rouyn-Noranda, Quebec. As of 2017, Granada had a Measured & Indicated gold resource of 1.5M oz, with 3.4M oz in the Inferred resource category.
- Market Cap: $11.6 Million
- Enterprise Value/Ounce: $2.00
- 1 Month Total Return: -8.3%
- YTD Total Return: 1.2%
Unigold Inc. (TSXV:UGD) – $0.21
Unigold is a Canada-based junior natural resource company focused on exploring and developing its land position in the Dominican Republic. The Company owns 100% of the exploration rights for gold, silver, copper, zinc and all associated minerals on the Neita Property in northwestern Dominican Republic, as well as an option for the commercial mining of the mineral deposits. Its Candelsones property is host to a 2M oz gold mineral resource.
- Market Cap: $7.6 Million
- Enterprise Value/ Ounce: $3.00
- 1 Month Total Return: 25.0%
- YTD Total Return: 7.1%
Triumph Gold is a Canada-based junior natural resource company engaged in the acquisition and exploration of mineral properties in the Yukon and Arizona. Its projects include Freegold Mountain project, which consists of various exploration properties, such as Tinta Hill Property, Freegold Property, Goldstar Property and Golden Revenue Property. Its assets are road accessible with high-grade gold deposits over long strike lengths.
- Market Cap: $19.8 Million
- Enterprise Value/ Ounce: $4.00
- 1 Month Total Return: -1.5%
- YTD Total Return: 17.9%
Satori Resources Inc. (TSXV:BUD) – $0.07
Satori is a development-stage mining company, located in Flin Flon, Manitoba. Its flagship asset is its 100%-owned Tartan Lake property, which includes a decline providing access to developed mining blocks within the Main and South Zones to a vertical depth of approximately 320 meters. The Company is currently evaluating the costs associated with the potential development or re-commissioning of Tartan Lake.
- Market Cap: $2.1 Million
- Enterprise Value/ Ounce: $5.00
- 1 Month Total Return: -12.5%
- YTD Total Return: -22.2%
Cabral Gold Inc. (TSXV:CBR) – $0.21
Cabral Gold is a Canada-based junior resource company engaged in the identification, exploration and development of mineral properties, with a primary focus on gold resources in Brazil. The Company owns the Cui Cui gold project located in the Tapajos Region within the state of Para in northern Brazil. As of 2018, the property hosts an Indicated Resource of 0.2M oz and an Inferred Resource of 0.8M oz.
- Market Cap: $6.4 Million
- Enterprise Value/ Ounce: $6.00
- 1 Month Total Return: -32.8%
- YTD Total Return: -51.2%
Ubika Research/SmallCapPower has received compensation from Granada Gold to provide analyst research coverage. For full disclosure please visit here >>
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
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