Emerging Gold Producers

A good strategy for gold mining investment is to look for the revaluation of a junior gold developer as it moves closer and closer to gold production.

Who are the emerging, growing companies just moving into production.

The risks of this strategy are the company finding problems along the path to production which necessitate additional fund-raising and dilution and loss of credibility with investors. Equally these problems may create enormous value for new investors.

Who are the emerging producers.

We need to find an up to date list..........

An interesting website, the Gold Stock Strategist,  was very active a couple of years ago identifying many near and new producers, but many have now "emerged". And some are still explorers. The list is also interesting in terms of which companies appeared undervalued but then failed, and those which have since succeeded.

The market capitalisations here will not be accurate and some companies no longer exist or have been bought out. I will create an updated sheet.

ATW, bust. Starcore, poor, Hawthorne changed name, disappointed, New Guinea, poor. Alexis, poor - recent funding and a mill. Timmins, success. La Mancha success. Dynasty political issues Ecuador. Avion win - bought out by Endeavour. Metanor poor, but hope ? Sandstorm invested. Troy succeed. Richmont won but since closed one mine. Great Basin, died trying in S.Africa ?? Jaguar low stock, high debt. Oceana high and low flying. Gammon now Aurico, not bad. Wesdome ok, since closed one mine. Claude OK, Capital bought by Gammon gold (now AuRico) Orvana share price failed low cash but nearly there - turnaround? Golden Star serial disappointer but one day? High production levels but costs...Northgate bought by AuRico....another one.
The higher valued in this list are quality companies, though Lakeshore and San gold seem to have struggled badly coming into production but high grade deposits ? Osisko huge low grade seems very high value but big and safe. Allied Nevada incredible story linear rise, high silver production to come - wish I'd got this in 2008 up x15+, ANV has also struggled recently. Centamin T'Egypt problems but good mine. New Gold big names big wins. Vista need to look more closely have many interests including Midas Gold stake, Brent Cook rates Midas. Aurizon I like in Quebec - Hecla bid. GORO either great or a fake, Barrons dump article but big fans e.g. John Doody. Novagold Otto very scathing but big hedge fundies involved. Thomas Kaplan - on the board? George Soros - still? A Huge theoretical deposit. Mineable? At what price? Silvercrest strongly emerging. Gold Ore bought out by Elgin. Aura minerals high costs. Jinshan bought out by Chinese Co. Minefinders bought out by Pan American Silver.



RANK
COMPANY
SYMBOL
MARKET CAP (MILLIONS $)
MC / OZ. PROD. ($) Proj. 2011


1
ATW Gold Corp.
$ 6
$ 206

2
Starcore Intl Mines
$ 6
$ 213

3
Hawthorne Gold
$ 7
$ 243

4
New Guinea Gold
$ 16
$ 403

5
Alexis Minerals
$ 33
$ 444

6
MDN Inc.
$ 37
$ 493

7
Gold-Ore
$ 40
$ 727

8
Santa Fe Gold
$ 80
$ 1,004

9
Timmins Gold
$ 110
$ 1,373

10
Dynasty Metals/Mining
$ 140
$ 1,478

11
La Mancha
$ 228
$ 1,517

12
Avion Gold
$ 126
$ 1,575

13
Metanor Res
$ 66
$ 1,655

14
Troy Resources
$ 193
$ 1,751

15
Richmont Mines
$ 131
$ 1,874

16
Great Basin Gold
$ 623
$ 1,946

17
Jaguar Mining
$ 683
$ 2,009

18
Oceana Gold
$ 600
$ 2,141

19
Gammon Gold (AuEq)
$ 824
$ 2,197

20
Wesdome
$ 232
$ 2,320

21
Claude Resources
$ 131
$ 2,380

22
Orvana Minerals
$ 174
$ 2,489

23
Capital Gold
$ 181
$ 2,586

24
Golden Star Res
$ 1,060
$ 2,617

25
Northgate
$ 861
$ 2,649

26
Minefinders
$ 565
$ 2,825

27
Aura Minerals
$ 776
$ 3,233

28
Gold Resource
$ 686
$ 4,035

29
Silvercrest Mines
$ 55
$ 4,617

30
Jinshan Gold Mines
$ 659
$ 5,066

31
Aurizon
$ 790
$ 5,097

32
New Gold
$ 1,950
$ 5,735

33
San Gold Corp
$ 1,000
$ 7,407

34
Centamin Egypt
$ 2,460
$ 8,200

35
Lake Shore Gold
$ 1,050
$ 9,545

36
Alamos Gold
$ 1,710
$ 11,400

37
Allied Nevada
$ 1,460
$ 17,176

38
NovaGold
$ 1,370
--

39
Osisko Mines
$ 4,670
--

40
Vista Gold
$ 64
--


AVERAGE

$ 646
$ 3,299



I would like to get together a list with expected production dates / volumes. Growth gold miner investments can be very successful, but as we can see from the list above many fail even when close and into production.
A Longer List - Not sure if really more up to date ?
Linked at the Self Directed Investor, the follow on website after gold stock strategist.

Australia :
Kentor Gold - Production June 2012 - To review



4 comments:

  1. I just started trying to learn how to pick Junior miners...I am as green as they come, but the one thing I wish I could get would be a list of some companies with potenial. It seems like exhausting work to go through the thousands of juniors to find a list of 25-50 or so that could be of real value. If such a list were available it would become more realistic to do diligence on those 25-50 companies rather than looking for a needle in a haystack of thousands of companies. Any tricks or resources that you would care to share with a newbie such as myself? Thanks in advance.

    ReplyDelete
  2. I know this is a little late but here is a site i like to start my research from
    http://www.24hgold.com/english/listcompanies.aspx?fundamental=true&sort=reserve&data=company&commodity=NGAS

    ReplyDelete
  3. carpathian gold cpn be in production in 2 weeks
    sandspring ssp targeted production next year

    ReplyDelete
  4. I would like to suggest junior mining ETF.S Some of which are down more than 80% from their highs some years back Its a little safer for those that are a little scared to invest in just one stock.

    ReplyDelete