Monday , 2 October 2023

These 5 Low Debt-to-equity Gold Stocks Are UP +30% In the Past 13 Weeks!

Today’s post identifies 5 junior gold stocks with low debt-to-equity ratios that gold-nuggetare up +30% in the past 13 weeks.

The comments above and below are excerpts from an article by which has been edited ([ ]) and abridged (…) to provide a fast & easy read.

1. Majestic Gold Corp. (TSXV: MJS) – $0.10 Canadian

Majestic Gold Corp. (Majestic) is a Canada-based gold producer with mining operations in China.

Its principal mining operation is the Songjiagou Gold Mine (Songjiagou), which is located in Muping County on the Jiaodong Peninsula, Shandong Province. The Songjiagou Mine has approximately three processing plants, with capacities of over 200 tons per day (tpd), 1,200 tpd and 6,000 tpd. The gold production from the Songjiagou Gold Mine is approximately 5,500 ounces.

  • Market Cap: $84 million CAD
  • Total Revenue (LTM): $38 million CAD
  • 13-week Price PCT Change: +81.8%
  • Total Debt to Total Equity (FY0): 44.6%

2. Giyani Gold Corp. (TSXV: WDG) – $0.49 Canadian

Giyani Gold Corp. (Giyani) is engaged in the acquisition, exploration, evaluation and development of principally gold resource properties in South Africa and Canada.

The Company’s segments include Canoe, South Africa Mining and Corporate. The Company’s projects include Hamlin-Deaty Creek Property, Coldstream Property and Kerrs Property. The Hamlin Deaty Creek Property is located in the Shebandowan Belt, approximately 110 kilometers west of Thunder Bay, Ontario. The Coldstream Property is located in Thunder Bay, Ontario.

  • Market Cap: $33 million CAD
  • Total Revenue (LTM): $0
  • 13-week Price PCT Change: 66.1%
  • Total Debt to Total Equity (FY0): 0.0%

3. Aurvista Gold Corp. (TSXV: AVA) – $0.24 Canadian

Aurvista Gold Corporation is a Canada-based exploration company.

Its asset is the Douay Gold Project (Douay), which has interest in approximately 250 contiguous claims totaling over 13,310 hectares; approximately 90% interest in over five contiguous claims totaling over 20 hectares, and approximately 75% interest in over 30 contiguous claims totaling approximately 1,190 hectares in over 290 claims totaling over 14,530 hectares located along a 20-kilometer segment of the Casa Berardi Deformation Zone in the prolific Abitibi Greenstone Belt of northern Quebec.

  • Market Cap: $31 million CAD
  • Total Revenue (LTM): $0
  • 13-week Price PCT Change: 42.4%
  • Total Debt to Total Equity (FY0): 0.0%

4. Rupert Resources Ltd. (TSXV: RUP) – $1.00 Canadian

Rupert Resources Ltd. is a gold exploration and development company that is engaged in the acquisition and exploration of mineral properties in Canada.

The Company’s exploration and evaluation assets include Pahtavaara gold mine, Gold Centre Property and Surf Inlet Property. The Pahtavaara Mine is located in the Central Lapland Greenstone Belt in Northern Finland. The Company holds interest in a 20-year mining lease consisting of mineral claims located in the Balmer Township, Red Lake Mining Division of Ontario, subject to approximately 1.5% net smelter returns royalty (NSR).

  • Market Cap: $96 million CAD
  • Total Revenue (LTM): $0
  • 13-week Price PCT Change: 37.0%
  • Total Debt to Total Equity (FY0): 0.0%

5. Columbus Gold Corp. (TSX: CGT) – $0.87 Canadian

Columbus Gold Corp. is a Canada-based exploration-stage mineral resources company.

It holds an interest in the Paul Isnard Gold Project, which consists of approximately eight mining permits located in French Guiana. Its Eastside Gold Project is located approximately 30 kilometers west of Tonopah, Nevada. Its Bolo property is located approximately 60 kilometers northeast of Tonopah, Nevada. In addition, the Company has interests in various projects, including Big Lime, Chert Cliff, Four Metals, Hugh’s Canyon, Monitor Hills, North Brown, Overland Pass, Red Hills, White Canyon, White Horse Flats and White Horse Flats North, located in Nevada and the United States.

  • Market Cap: $124 million
  • Total Revenue (LTM): $0
  • 13-week Price PCT Change: 31.8%
  • Total Debt to Total Equity (FY0): 0.0%
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