The junior gold market (finally) shines
So far this year gold has rallied 11%, with a 9% rise just in the past 2 months. Concerns around the slowing of the global economy and the ongoing trade tensions between the U.S. and China caused many investors to seek the so called “safe haven” option. Continued uncertainty, lower US bond rates with talk of lower US rates and a lower USD, and even talk of a US recession have been the reason investors are turning to gold once again as a safe haven asset. Given the US-China trade war remains unsolved, the uncertainty remains.
Gold price 1 year chart
Up until this recent rally, investors were fairly lightweight in the gold sector. There is still plenty of room on the upside as it moves into a speculative position particularly when it comes to retail demand.
Add to all this Russia and China’s mass stealth buying of gold the past few years, that many are speculating is to replace their reliance on the US dollar. Whichever you look at it the world is a very uncertain place at this time, and gold has historically been a safe haven for investors during turbulent times.
The following are a few companies InvestorIntel like to follow that will introduce you to some of the best gold companies, that include both producers and juniors. For further information click on the links.
Alkane Resources Ltd. (ASX: ALK | OTCQX: ANLKY) is a small gold production company with multi-commodity exploration and development projects predominantly in the Central West region of NSW, but extend throughout Australia. The Company is also well known for their rare earths potential. To access their latest interviews or features, click here.
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Angkor Gold Corp. (TSXV: ANK) is the first North American publicly-traded mineral exploration company in Cambodia. They are a project generator with a focus on gold exploration. To access their latest interviews or features, click here.
Eastmain Resources Inc. (TSX: ER | OTCQX: EANRF) is a Canadian gold exploration and development company focused on the James Bay area, Quebec, Canada. Eastmain has 3 active gold projects and indicated resources of ~1.089m ounces of gold grading on average 6-8g/tonne. To access their latest interviews or features, click here.
Euro Sun Mining Inc. (TSX: ESM) is advancing its 100%-owned Rovina Valley Project, located in west-central Romania. It is the second largest undeveloped gold deposit in Europe. To access their latest interviews or features, click here.
Golden Arrow Resources Corporation (TSXV: GRG | OTCQB: GARWF) is a member of the Grosso Group. This Vancouver company has a history of success in identifying, acquiring and advancing precious and base metal discoveries. Golden Arrow is a silver producer with over 200,000 hectares of properties in Argentina. To access their latest interviews or features, click here.
Goldplay Exploration Ltd. (TSXV: GPLY | OTCQB: GLYXF) is focused on the discovery of gold-silver deposits in Mexico. They own a +250 square kilometer exploration portfolio in the Rosario Mining District, Sinaloa, Mexico. To access their latest interviews or features, click here.
Harte Gold Corp. (TSX: HRT) is Ontario’s newest gold producer through its wholly owned Sugar Zone Mine in White River Ontario. Harte has ~1.7m ounce I&I resource grading between 6-8g/t and production ramping up. Excellent exploration upside with a 30 km strike potential with only 5km so far explored. To access their latest interviews or features, click here.
Noble Mineral Exploration Inc. (TSXV: NOB) is a Canadian-based junior exploration company holding in excess of 79,177 hectares of mineral rights in the Timmins/Cochrane area of Northern Ontario, upon which it plans to generate joint venture exploration programs to further expand on all its exploration and development programs. To access their latest interviews or features, click here.
Pancontinental Resources Corp. (TSXV: PUC) is generating value through responsible exploration and aims to be a leading gold and battery metals explorer and developer, focusing on commodity, geology, location, timing and people. The Company is focused on the exploration and development of their nickel-cobalt-copper projects in Ontario, Canada; and their 100%-owned Jefferson Gold Project in South Carolina, USA. To access their latest interviews or features, click here.
Signature Resources Ltd. (TSXV: SGU |OTCQB: SGGTF) is a Canadian gold exploration company with advanced and early exploration assets. Their core asset encompassing the Lingman Lake Gold Mine with a historic estimate of 234,648 oz of gold, and two new early exploration projects. To access their latest interviews or features, click here.
TerraX Minerals Inc. (TSXV: TXR) is a junior gold exploration company that has assembled a highly prospective land position on the doorsteps of Yellowknife in the Northwest Territories, nearby to other successful gold projects such as the Giant Mine (8.1 M Oz Au at 16g/t) and Con Mine (6.1M Oz Au 16g/t). To access their latest interviews or features, click here.
TNR Gold Corp. (TSXV: TNR) uses a lead generator business model and has been successful in generating high-quality exploration projects around the globe. Apart from gold they also have copper and lithium projects. To access their latest interviews or features, click here.
West Red Lake Gold Mines Inc. (CSE: RLG | OTCQB: RLGMF) is focused on gold exploration and development in the prolific Red Lake Gold District of Northwestern Ontario, Canada. The district is host to some of the richest gold deposits in the world and has produced 30 million ounces of gold from high grade zones. West Red Lake’s 3,100 hectare property has a 12 km strike length and 3 former gold mines, and contains 1.1 million inferred ounces of high grade gold (7.57g/t) which is open at depth. To access their latest interviews or features, click here.
Gold is certainly doing well in recent months in USD terms and even better in CAD and AUD. The above group of gold juniors offer higher risk and reward ways to play the current gold surge.
Matthew Bohlsen holds a Graduate Diploma in Applied Finance and Investment (similar to CFA), and a Graduate Diploma in Financial Planning. He has 30 years ... <Read more about Matthew Bohlsen>