Although 2015, so far, has been another challenging year for junior resource stocks, SmallCapPower’s Experts have managed to uncover a few ‘gems’. Most of these were in the gold space, such as Primero Mining, although there was at least one diamond standout in the rough resource market we’ve experienced.
Dynacor Gold Mines Inc. (TO:DNG): Jay Taylor mentioned he liked this company at lot in our interview with him on January 30, 2015. Since that time its shares have risen more than 9% to its current price of $2.03. Dynacor is a different type of gold junior – it runs profitable gold ore-processing facilities in Peru and uses the funds for exploration and project development in that country. By doing so, the company has kept its share count at 36.2 million by not having to do dilutive financings.
Lake Shore Gold Corp. (NYSE:LSG): Brent Cook said he bought this stock shortly before we interviewed him on February 4, 2015. Since then, its stock price has climbed 14% to its current value of $1.24. Lake Shore is producing gold from its two mines near Timmins, Ontario. The company’s output was a record 185,600 gold ounces in 2014, a 38% increase from the previous year, at all-in-sustaining costs of US$950 an ounce.
Angkor Gold Corp (TO:ANK): Newsletter writer Thom Calandra was excited about this stock when we spoke with him on February 6, 2015. And for good reason it seems, as the company’s shares have surged 26% since to its present price of $0.59. Angkor holds a large land package in Cambodia and is employing a prospect generator model to develop its more than 30 prospects in that country.
North Arrow Minerals Inc (TO:NAR): Shares of this diamond explorer soared more than 139% in a little more than two months following our interview with Allan Barry Laboucan on February 11, 2015. North Arrow’s stock price, however, has been sliding since that peak as the market apparently wasn’t keen on the valuation results from its Qilalugaq Diamond Project released on June 9.
Primero Mining Corp (NYSE:PPP): Gravitas Financial President Vikas Ranjan mentioned that he liked this stock in our interview with him on February 25, 2015. Its share price has risen more than 13% since to its current value of $4.90. Primero reported2014 production of 225,100 gold equivalent ounces, 57% higher than in 2013, and it expects to increase production to between 250,000 and 270,000 gold equivalent ounces in 2015 with estimated all-in-sustaining costs of US$1,000-$1,100 per ounce.
