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  These 10 Junior Gold Picks Are Poised To Make Big Moves IF the Gold Price Rally Continues  
  Lorimer Wilson on 2018-03-31 14:20:39.0
 
 

Continued U.S. focused inflationary measures might put pressure on the U.S. dollar, which could send the U.S. dollar gold price higher. Today, we showcase our top 10 junior gold picks for the month of April.

The original article has been edited here for length (…) and clarity ([ ]) by munKNEE.com - A Site For Sore Eyes & Inquisitive Minds - to provide a fast & easy read.

1. Cabral Gold Inc. (TSXV:CBR)
Gold

Cabral Gold is a Canada-based gold developer operating in Brazil. The Company's Cuiú Cuiú project is located in the Tapajós region of central Brazil, the largest placer gold province in the country. The Tapajós Gold Province is the site of the largest gold rush in Brazil's history. The site hosts historic Measured and Indicated reserves of 100,000 oz. and Inferred reserves of 1,200,000 oz. On Monday, the Company announced preliminary findings of their 2018 drilling program, including a 264 g/t grab sample. Cabral plans to update the Cuiú Cuiú's resource estimate by the end of Q1 2018.

  • Market Cap: $12.3 Million
  • 1 Month Total Return: 32.2%
  • YTD Total Return: -7.1%

2. Dalradian Resources Inc. (TSX:DNA)
Gold

Dalradian Resources is a Canada-based gold developer in Northern Ireland in the United Kingdom. The Company's flagship asset, the high-grade Curraghinalt project, has Proven and Probable reserves of 5.24Mt grading 8.54 g/t Au for 1.44 million ounces. The mine is anticipated to produce 130,000 oz. Au/y over the first 10 years at all-in sustaining costs of US$653/oz Au. A Feasibility Study was released in early 2017 and the Company is currently undergoing public review. Year-to-date, DNA's stock has seen weakness relative to peers, down 25% compared to the average gold developer, which was down 8%. The Company is highly undervalued according to 10 analysts that cover the stock, with targets ranging from $1.70-$2.70.

  • Market Cap: $354.2 Million
  • 1 Month Total Return: -5.7%
  • YTD Total Return: -24.5%

3. Eastmain Resources Inc. (TSX:ER)
Gold

Eastmain Resources is a gold explorer located in Quebec. The Company's flagship asset, the Clearwater Project, is undergoing expansion drilling and preliminary economic assessment throughout 2018. Eastmain also has two other projects undergoing drilling in Quebec. Eastmain's stock remains heavily oversold relative to its peers, down 44% compared to peers, which were down 8% over the same period.

  • Market Cap: $38.9 Million
  • 1 Month Total Return: -22.0%
  • YTD Total Return: -43.5%

4. First Mining Gold Corp. (TSX:FF)
Gold

First Mining Gold is a gold developer focused in Ontario. The Company's flagship asset is its Springpole project located 110km northeast of Red Lake, hosting 4.7M oz. Au at 1.0 g/t. The project is now in its permitting stages (for environmental assessment & Environmental Impact Statement). Meanwhile, FF plans further drilling and completion of a Feasibility Study. The 2017 Springpole PEA was highlighted by ~297,000 oz Au & 1.6M oz Ag/year at AISC of US$806/oz over a 12-year mine life, with an after-tax NPV5% of $792M and a post-tax IRR of 26.2% using US$1,300/oz Au and US$20/oz Ag. First Mining is also advancing the Goldlund project, an open-pit project hosting 560,000 oz. Au at 1.9 g/t Au, and is conducting a 7,000m drill program at the site. Importantly, the Company recently changed its business strategy from mineral bank to a gold developer focused on one to two assets.

  • Market Cap: $255.0 Million
  • 1 Month Total Return: -8.0%
  • YTD Total Return: -25.8%

5. Granada Gold Mine Inc. (TSXV:GGM)
Gold

Granada Gold Mine is a developer advancing its ~2,500 Ha Granada Gold property located in Quebec. The Company hosts a solid mineral resource base, good exploration upside, and the permits to operate a small startup scenario, but had delays finding a mill to process its ore. However, developments of late have shed light onto the project, revitalizing it once again as a near-term producer. On September 8, 2017, Granada signed a Memorandum of Understanding (MOU) with Canada Cobalt Works Inc. (TSXV:CCW), a non-arm's length sister company, for the consideration of processing 579Kt grading 4.24 g/t Au for ~75,000 oz., assuming 95% recovery. This includes an option to process an additional 2Mt of material over the next three years. Included in the MOU, is the agreement for CCW to install a 600tpd gravity flotation plant at one of its northern Ontario assets.

6. Mandalay Resources Corp. (TSX:MND)
Gold

Mandalay Resources is a 100,000 oz gold-equivalent (?AuEq?) producer with operations in Sweden and Australia. In 2018, the Company anticipates ~60K oz Au from Bjorkdal, its flagship open pit/underground mine located in Sweden, and ~48K oz AuEq (28.5K oz Au & 3K t of antimony) from Costerfield, located in Australia, at all-in cash costs of ~US$1,218/oz AuEq. MND is also advancing its Cerro Bayo silver-gold project, located in Chile, which was put on care and maintenance in September 2017, but the Company expects a restart in 2019. Additionally, Mandalay owns another silver project in Chile called Challacollo, currently completing a feasibility-study before moving through its permitting stages. MND has been trending down for over a year, however, the Company's plans to increase production and reduce costs over 2018 could spark a turnaround for its stock.

  • Market Cap: $101.5 Million
  • 1 Month Total Return: -10.0%
  • YTD Total Return: -16.7%
  • FY2018 Guidance: 83,000 ? 93,000 oz Au, 2,800 ? 3,200t Sb

7. Sabina Gold & Silver Corp. (TSX:SBB)
Gold

Sabina Gold & Silver is a Canada-based developer operating in Nunavut. The Company's Back River asset is currently in the final stages of its permitting process. Sabina aims to commence production by Q4 2021 and expects the mine to produce an average of 200,000 oz. Au/y over a 12-year mine life. The Company also holds a royalty on Glencore's Hackett River Silver project.

  • Market Cap: $440.7 Million
  • 1 Month Total Return: 2.3%
  • YTD Total Return: -22.9%

8. Superior Gold Inc. (TSXV:SGI)
Gold

Superior Gold is a Canada-based, single-asset gold producer operating in Australia that generates free cash flow. The Company operates the Plutonic Gold operations, acquired in October 2016, which produced 80,000 oz. Au in 2017. The Company is also advancing an open-pit mine called the Hermes located ~40km to the SE, which is expected to drive the Company past 100,000 oz Au this year. On Monday, the Company announced declared commercial production at Hermes.

  • Market Cap: $119.6 Million
  • 1 Month Total Return: 27.6%
  • YTD Total Return: 25.2%
  • FY2018 Guidance: 100,000 ? 110,000 oz. Au

9. Wesdome Gold Mines Ltd. (TSX:WDO)
Gold

Wesdome is a Canada-based gold producer operating in Ontario. The Company's operating asset, the Eagle River Complex in Ontario, produced 59,000 oz. Au in 2017. The Company is also advancing its Kiena Complex, comprising a fully-permitted mine and mill, in Val d'Or, Quebec. A high-grade discovery in depth in early 2017 drove the stock to go as high as $4.40. The Company has further upside at its Moss Lake gold deposit, located 100 kilometres west of Thunder Bay, Ontario.

  • Market Cap: $263.0 Million
  • 1 Month Total Return: 3.2%
  • YTD Total Return: -7.1%
  • FY2018 Guidance: 62,000 ? 68,000 oz. Au

10. West Red Lake Gold Mines Inc. (CSE:RLG)
Gold

West Red Lake Gold Mines is a developer advancing its Red Lake project, comprising three former producing gold mines called Rowan, Mount Jamie, and Red Summit, located 16km NW of Red Lake, Ontario and 25km west of the Red Lake gold mine operated by Goldcorp. In the same area, Goldcorp's underground Red Lake mine produced 209K oz Au at AISC of US$1,181/oz in 2017. The Red Lake mine hosts P&P mineral reserves of 8.8Mt grading 7.65 g/t for 2.2M oz Au.

  • Market Cap: $10.8 Million
  • 1 Month Total Return: -10.0%
  • YTD Total Return: -30.8%
Ubika Research/SmallCapPower has received compensation from Granada Gold Mine and West Red Lake Gold Mines to provide analyst research coverage. For full disclosure please visit here >>

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