With up to three interest rate hikes planned for this year in the United States, there’s a chance that gold may revisit the US$1000 level. In this article we have identified those Canadian gold mining companies that would be able to withstand a low price environment for gold given that their all-in-sustaining-costs are as low as US$660 per troy ounce.
The comments above & below are edited ([ ]) and abridged (…) excerpts from the original article written by SmallCapPower.com
1. Alacer Gold Corp. (TSX: ASR) – $2.56 Canadian Gold
Alacer Gold Corp. is an intermediate gold mining company engaged in mining, development and exploration of mineral deposits in Turkey.
Market Cap: $748 million CAD
Expected Revenue (FY1, CAD): $271 million
2017E Production (Au ozt): 170,000 ozt
2017E AISC (USD): $725/ozt
2. Premier Gold Mines Ltd. (TSX: PG) – $2.58 Canadian Gold
Premier Gold Mines Limited (Premier) is a Canada-based mineral exploration company focused on exploring for and developing gold deposits within North America.
Roxgold Inc. is a Canada-based gold exploration and development company engaged in the business of acquiring, exploring and evaluating mineral properties, and developing them through to construction or disposing them when the evaluation is completed. The Company has a development project, the Yaramoko Gold Project, which is located in Burkina Faso, West Africa.
Market Cap: $486 million CAD
Expected Revenue (FY1, CAD): $40 million
2017E Production (Au ozt): 105-115,000 ozt
2017E AISC (USD): $740-$790/ozt
4. Torex Gold Resources Inc. (TSX: TXG) – $24.69 Canadian Gold
Torex Gold Resources Inc. is a Canada-based resource company engaged in the exploration, development and operation of the Morelos Gold Property… located in the Guerrero Gold Belt in southern Mexico.
Market Cap: $1,969 million CAD
Expected Revenue (FY1, CAD): $578 million
2017E Production (Au ozt): $350-380,000 ozt
2017E AISC (USD): $775-$825/ozt
5. Guyana Goldfields Inc. (TSX: GUY) – $6.56 Canadian Gold
Guyana Goldfields Inc. (Guyana Goldfields) is a Canada-based mineral development and exploration company focused primarily on the acquisition, exploration and development of gold deposits in Guyana, South America…
Market Cap: $1,123 million CAD
Expected Revenue (FY1, CAD): $245 million
2017E Production (Au ozt): 160-180,000 ozt
2017E AISC (USD): $775-$825/ozt
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United States, there’s a chance that gold may revisit the US$1000 level. In this article we have identified those Canadian gold mining companies that would be able to withstand a low price environment for gold given that their all-in-sustaining-costs are as low as US$660 per troy ounce.
1. Alacer Gold Corp. (TSX: ASR) – $2.56 Canadian
2. Premier Gold Mines Ltd. (TSX: PG) – $2.58 Canadian
3. Roxgold Inc. (TSXV: ROG) – $1.30 Canadian
4. Torex Gold Resources Inc. (TSX: TXG) – $24.69 Canadian
5. Guyana Goldfields Inc. (TSX: GUY) – $6.56 Canadian