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  These 5 Exploration & Development-stage Gold Stocks Are Performing Quite Well  
  Lorimer Wilson on 2018-07-20 23:52:55.0
 
 

The gold price has been tarnished of late, yet the 5 exploration and development-stage gold stocks on our list today are performing quite well.

The original article has been edited here by munKNEE.com for length (…) and clarity ([ ])

1. Medgold Resources Corp. (TSXV:MED)
Gold

Medgold is a gold exploration stage company, targeting gold-silver projects in the Oligo-Miocene belt of southern Serbia. The Company has six exploration licenses that each cover approximately 100 sq. km. According to the Company, the region is under-explored for precious metals, yet is geologically well mapped. The Company is part of the Vancouver-based Gold Group, which includes a conglomerate of other gold exploration companies focused on the region. Medgold currently has one drill sampling project ongoing called the Tlamino Gold Project that has shown some promising initial results.

  • Market Cap: $33.3 Million
  • Total Return Since April 1, 2018: 100.0%
  • YTD Total Return: 143.7%
  • Daily Beta ? 90 Day: -1.51

2. 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, comprised of a fully-permitted mine and mill, in Val d'Or, Quebec. A high-grade discovery in early 2017 drove the stock to a high of $4.40. On June 11, the Company released positive drilling results, 51m at 21.2 g/t Au, which likely drove the stock's price by 20% in the following week.

  • Market Cap: $462.3 Million
  • Total Return Since April 1, 2018: 76.0%
  • YTD Total Return: 63.5%
  • Daily Beta ? 90 Day: 0.51

3. Dalradian Resources Inc. (TSX:DNA, NASDAQ:DRLDF)
Gold

Dalradian Resources is a Canada-based gold developer in Northern Ireland. 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 1.44M oz Au. 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 project is currently undergoing public review. On June 21, the Company's share price surged 59% after it agreed to be acquired by Orion Mine Finance for $1.47/share, or a total sale price of ~$537M.

  • Market Cap: $511.2 Million
  • Total Return Since April 1, 2018: 50.0%
  • YTD Total Return: 8.7%
  • Daily Beta ? 90 Day: -0.31

4. Caledonia Mining Corporation PLC (TSX:CAL, AIM:CMCL, NYSE:CMCL)
Gold

Caledonia Mining is a gold company operating a cash-generating gold mine in Zimbabwe. The Company runs the Blanket Gold Mine in the Gwanda Greenstone Belt. CAL produced 56,000 ounces of gold in 2017 and plans to expand production to reach 80,000 ounces by 2021. It had all-in-sustaining-costs of US$847/oz with 2018 guidance for $845-$890.

  • Market Cap: $121.2 Million
  • Total Return Since April 1, 2018: 30.6%
  • YTD Total Return: 26.4%
  • Daily Beta ? 90 Day: -0.12

5. Corvus Gold Inc. (TSX:KOR, OTCQX: CORVF )
Gold

Corvus Gold is a Canada-based gold exploration company with operations in Nevada. The Company's Mother Lode project comprises 5.2 square kilometers of land, 150 kilometers northwest of Las Vegas, Nevada. The Company plans to continue drilling at Mother Lode, to prepare a NI 43-101 resource estimate. The North Bullfrog project covers an area of 75 square kilometers, 10 kilometers north of Beatty, Nevada. The Company also own a number of non-core royalty assets across North America. The Company has released several notable drilling results, having drilled 8m of 21.8 g/t Au and 53m of 1.9g/t Au.

  • Market Cap: $269.9 Million
  • Total Return Since April 1, 2018: 17.5%
  • YTD Total Return: 54.5%
  • Daily Beta ? 90 Day: 0.10

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The post These 5 Exploration & Development-stage Gold Stocks Are Performing Quite Well appeared first on munKNEE.com.

 
 
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