When speculating in the junior resource sector, a company’s total shares outstanding is an important determinant in its stock-price movement: the more shares available to the public (the float), the more buyers are needed to move the share price higher. Resource juniors with less than 70 million shares outstanding, then, are more likely to make money for shareholders than ones with, say, 200 million or more. The companies on our list today actually have less than 50 million shares outstanding. This doesn’t necessarily make them a good bet, although you’ll have a better chance of making money on positive company news or during a sector rebound.
Dynacor Gold Mines Inc. (TSX: DNG) – $2.04
Gold
Dynacor Gold Mines Inc. (Dynacor) is a Canada-based gold ore processing and exploration company. Dynacor’s activities consist of the production of gold and silver from the processing of purchased ore and the exploration of its mining properties located in Peru. The Company’s Tumipampa property is located 500 kilometers from Lima, Peru, in the circa district, Province of Abancay, department of Apurimac.
- Market Cap: $74,678,886
- Diluted Weighted Average Shares (LFQ): 38,746,610
- YTD Price Change: +25.9%
Dynasty Metals & Mining Inc. (TSX: DMM) – $0.65
Gold
Dynasty Metals & Mining Inc. is a Canada-based exploration and development-stage company engaged in the business of acquiring, exploring and developing mineral concessions in Ecuador. The Company operates a processing plant and is in the process of developing one main and two planned declines to access the resource at its Zaruma Gold Project. In addition to the Zaruma Gold Project, the Company owns two other non-producing assets, the Jerusalem Project and the Dynasty Copper-Gold Belt Project, which includes the Dynasty Goldfield. The Company has obtained small-scale mining licenses for five concessions at its Zaruma Gold Project. Such licenses permit the Company to mine up to 300 tons per day from each concession, which has obtained the small scale mining license at a royalty rate of 3%, payable to the Ecuador government, and no windfall tax on the extraction and sale of precious metals.
- Market Cap: $27,875,499
- Diluted Weighted Average Shares (LFQ): 42,461,080
- YTD Price Change: -18.8%
Avino Silver & Gold Mines Ltd. (TSXV: ASM) – $1.42
Diversified Mining
Avino Silver & Gold Mines Ltd. (Avino) is a natural resource company, primarily engaged in the production and sale of silver and gold, and the acquisition, exploration and development of natural resource properties. The Company’s principal business activities are production and sale of silver and gold at the San Gonzalo mine and the exploration of its other mineral properties located in the State of Durango, Mexico. The Company also owns other exploration and evaluation assets in British Columbia and the Yukon Territory, Canada.
- Market Cap: $51,195,829
- Diluted Weighted Average Shares (LFQ): 35,261,020
- YTD Price Change: -4.1%
Altius Minerals Corp. (TSX: ALS) – $14.29
Diversified Mining
Altius Minerals Corporation (Altius) is a Canada-based company with royalty interests in approximately 12 producing mines, including mining operations that produce thermal (electrical) and metallurgical coal, potash, nickel, copper and cobalt. Altius is focused on the mining and resource sector through prospect generation and the creation and acquisition of royalties. Altius has 10% interests in Labrador Nickel Royalty Limited Partnership. The Company’s projects include the Voisey’s Bay nickel-copper-cobalt mine.
- Market Cap: $576,303,300
- Diluted Weighted Average Shares (LFQ): 32,356,830
- YTD Price Change: 3.5%
Diamcor Mining Inc. (TSXV: DMI) – $1.22
Non-Gold Precious Metals & Minerals
Diamcor Mining Inc. is a junior mining and exploration company, in which its principal business is the identification, acquisition, exploration, evaluation, operation, and development of diamond based resource properties with a specific focus on the mining segment of the diamond industry. The Company has a well-established operational and production history in South Africa, extensive experience supplying rough diamonds to the world market, and has established a long-term strategic alliance with Tiffany & Co. The Company is focused on the identification, acquisition, and operation of unique diamond projects with near-term production potential such as the Krone-Endora at Venetia Project. Both project types have the potential to achieve sustained diamond production with short lead-times to that production.
- Market Cap: $50,615,743
- Diluted Weighted Average Shares (LFQ): 37,853,310
- YTD Price Change: -7.6%
