5 Junior Gold Miners Trading At Less Than $110 Per Ounce

A gold producer is often valued based on the Net Asset Value of its operations. In other words, an investor needs to value the company's assets (reserves) and subtract its liabilities. Its future resource production is estimated based on current reserve levels, and it is used in accordance with projected gold prices to calculate future cash flows. With the current price of gold trading at the US$1,200 an ounce level, it is relatively hard to understand why certain companies trade at $100/ounce. Regardless, the five gold juniors on this list are being valued by the market at a substantial discount to its ounces in ground.

Alamos Gold Inc. is a Canada-based, mid-tier gold producer engaged in the acquisition, exploration, development and extraction of precious metals. It is engaged in the exploration and development activities in Mexico, Turkey and the United States. It owns and operates the Mulatos mine in Mexico and holds the mineral rights to the Salamandra group of concessions in the State of Sonora, Mexico, which includes several satellite gold occurrences. It also owns the Agi Dagi, Kirazli and Camyurt gold development projects in Turkey.

Endeavour Mining Corporation (Endeavour) is a mid-tier gold mining company with four operating mines in West Africa, producing at a combined rate of over 450,000 ounces per year. The Company's assets consist of the Agbaou Gold Mine in Cote d'Ivoire (the Agbaou Mine), the Nzema Gold Mine in Ghana (the Nzema Mine), the Tabakoto Gold Mine in Mali (the Tabakoto Mine) and the Youga Gold Mine in Burkina Faso (the Youga Mine). The Company also owns the Hounde gold project in Burkina Faso (the Hounde Project) which is fully permitted.

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