6 Gold Juniors That Have Soared So Far In 2015
Although the TSX Gold Index up 11.5% to date in 2015, some gold stocks have handily surpassed that benchmark.
The following six companies have seen its share-price performance more than double the index returns as of May 6, 2015.
Dynacor Gold Mines Inc. (TSX: DNG) +32%
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.
And investors have liked what they've seen so far, sending its stock price soaring more than 1100% during the past five years.
Dynacor shares, though, have been under pressure of late since the company reported that its net income fell to $6.1 million in 2014 from $9.1 million a year earlier, citing a difficult operating environment during the first six months due to the impact of governmental action and new rules regards the formalization process for artisanal small miners in Peru.
Teranga Gold Corporation (TSX: TGZ) +56%
Teranga, which mines gold in Senegal, West Africa, is an inspiration to those who still believe small can be beautiful in this industry. The company is expected to produce 200,000 to 230,000 ounces of gold in 2015 at all-in sustaining costs of US$900 to $975 per ounce.
Teranga Gold is debt free and generated $39.1 million in free cash flow during 2014. The company expects to add 30,000 to 45,000 ounces from its Gora deposit by the end of 2015.
Continue reading about the other gold juniors that have outperformed in 2015 here.
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