It’s been a house of pain for investors in the worst performing gold stocks on our list today
SmallCapPower | October 27, 2017: Today we feature the four worst performing gold stocks so far in 2017. Highlights from this list include Anfield Gold Corp, which announced a business combination with Trek Mining and NewCastle Gold, to form Equinox Gold. The combination was announced following a significant decline in Anfield’s stock price during 2017.
Asanko Gold Inc. (TSX:AKG) – $1.22
Gold
Asanko Gold Inc is a Canada-based gold producer with operations in Africa. The Company’s Asanko Gold Mine is located in Ghana, and comprises two large deposits (Nkran and Esaase) and several satellite deposits. Furthermore, the Company has significant land concessions in the Asankrangwa Gold Belt, where it is conducting exploration activities.
- Market Cap: $251 Million
- YTD Total Return: -70.4%
- Free Cash Flow (last quarter): $10 Million
Anfield Gold Corp. (TSXV:ANF) – $0.43
Gold
Anfield Gold Corp is a Canada-based exploration company. Currently, Anfield Gold is focused on the development of its Coringa gold project in Brazil. On October 25, the Company announced a business combination with Trek Mining and NewCastle Gold. The companies expect the combined group to be named Equinox Gold. Shareholders of Anfield will receive 0.407 shares of Trek in exchange for each share of Anfield.
- Market Cap: $51 Million
- YTD Total Return: -63.4%
- Free Cash Flow (last quarter): -$3 Million
Eldorado Gold Corp. (TSX:ELD) – $1.67
Gold
Eldorado Gold Corporation is a Canada-based producer with operations in Europe, North America and South America. The Company’s four producing mines are located Turkey, Brazil and Greece. Furthermore, Eldorado has six projects in the exploration and development stage located in Greece, Romania, Canada and Brazil. Eldorado’s stock price fell significantly following the announcement of a reduced guidance for the year.
- Market Cap: $1,326 Million
- YTD Total Return: -61.1%
- Free Cash Flow (last quarter): -$152 Million
TMAC Resources Inc. (TSX:TMR) – $6.96
Gold
TMAC Resources Inc is a Canada-based gold producer. TMAC’s flagship asset, the Hope Bay Mine, sits on an 1,100-square kilometer property located in Nunavut, Canada. Development at the mine was completed earlier this year and the mine began producing in May 2017.
- Market Cap: $585 Million
- YTD Total Return: -54.6%
- Free Cash Flow (last quarter): -$22 Million
Disclosure: Neither the author nor any of the principals at SmallCapPower, or their family members, own units in any of the companies mentioned above.
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