Read the previous best junior stocks article.

Gold soared on the momentum of 2020 and reached a peak of US$1,950 an ounce in January. However, downward pressure soon set in.

The first quarter saw a weakening global economy and high US 10-year treasury yields, as well as a strengthening US Dollar. This created headwinds for gold that eroded its value as a safe haven asset.

The gold price managed to rise from the April level of US$1,730 to a June peak of US$1,908.20. These same headwinds that were experienced in the first quarter again drove prices down to just over US$1,760 at the close.

The price of gold is still below the US$1,800 mark as we enter the final stretch.

Some have bought the dip because of the muted tone that gold displays. Lower values are a better entry point. While discounts can be attractive to investors, they are not appealing for miners and explorers.

A higher gold price is preferred by the junior market, as it makes projects more profitable and economically feasible. Despite this, gold remains at an historic high level, just a few steps away from 2020's all time high.

The 11 Ways to Make Money has compiled a list of the top five junior gold stocks on TSXV that have experienced the greatest share price gains in 2021.

This list of the top junior gold stocks was created using TradingView's stock screening tool. All companies were listed with market caps greater than C$10,000,000 at that time.

1. Arizona Metals (TSXV:AMC)

Year-to-date gain: 321.57 percent; current share price: C$4.35

Arizona Metals, an exploration company, has 100% ownership in two of the most important Grand Canyon projects: the Kay mine project (or Sugarloaf Peak) and the gold project at Sugarloaf Peak.

Kay's company discovered a new zone of gold-zinc in May. They described it as open ended, and that it was located in an area not previously explored or tested by historical drilling. Kay saw massive sulfide mineralization during drilling. Arizona Metals announced that its Sugarloaf peak project's metallurgical testing had shown gold recoveries of approximately 76 percent, with oxidized zones achieving recoveries as high as 95 percent. This was the start of June.

The company shares rose from the C$1 level of January to a peak at C$5.55 in June 23.

2. Cerrado Gold (TSXV:CERT)

Year-to-date gain: 294.71 percent; current share price: C$1.61

Cerrado Gold is more than a company that explores gold. It's also a producer of gold. Minera Don Nicolas is the company's mine in Argentina. Its exploration assets also include Minera Mariana, which is located in the same region as the Monte do Carmo in Brazil.

Cerrado received a lot of positive news in August. The company announced a new mineral resource at Monte do Carmo's Serra Alto deposit. Cerrado released an updated preliminary economic analysis (PEA), for Monte do Carmo, later in the month. The PEA shows an after-tax net value of US$617 millions at a discount of 5 percent and an internal rate return of 94.8 per cent. The company ended the month with an increase in grades and throughput at Minera Don Nicolas for Q2 production. This resulted in the highest levels of gold production at the operation since it was acquired. Cerrado shares reached a peak of C$1.78 in August 30.

3. Laurion Mineral Exploration, (TSXV-LME)

Year-to-date gain: 205 percent; current share price: C$0.62

Laurion Mineral Exploration, a gold developer and gold explorer, is most famous for its flagship asset, the Ishkoday mine in Ontario. Brownfield Ishkoday is home to the Sturgeon River and Brenbar past-producing mines.

The company's shares hit a high of C$0.75 in April 28. Laurion's recent work on the property focused on strike continuity between McLeod and A-Zone mineralized areas. Highlighted assay results were shared by the company in September. These included 0.71 g/t of gold, 13.29g/t silver and 0.17 percent copper over 13.5m.

4. Gossan Resources, TSXV:GSS

Year-to-date gain: 200 percent; current share price: C$0.24

Gossan Resources is a multifaceted company that has developed a wide range of projects in Ontario, Manitoba and Newfoundland. These include gold, silver and platinum group metals as well as a variety base metals and several battery metals. Glitter volcanic massive sulfuride (VMS), zinc-copper and silver project is the company's main focus in Ontario's Sturgeon lake Greenstone Belt. Gossan also owns the Newfoundland Gander gold property.

On May 10, the company's share price hit a record high of C$0.35

Gossan provided an update in September on Glitter, and Gander projects. Glitter is currently conducting a gravity survey and finalizing plans to drill a diamond at a depth of up to 4,000 meters. Gander's field program consists of geophysical work to prepare for a targeted sampling programme.

5. Solstice Gold (TSXV,SGC)

Year-to-date gain: 145 percent; current share price: C$0.18

Solstice Gold, a gold-focused explorer, has several projects in Ontario and Quebec. Red Lake Extension, Taillon and Moreau, as well as Berens, are the company's projects. They are located in Ontario's Red Lake Gold District, north. Its Qaiqtuq district-scale project in Nunavut can be found only 26 km from Rankin Inlet, and 15 kilometers from Agnico Eagle Mines' Meliadine gold mine (TSX:AEM).

The company announced in mid-September that it had acquired a portfolio of royalty interests and property rights in Ontario and Quebec from vendors, including Perry English.

On November 1, company shares reached a peak at C$0.18

Securities Disclosure - I, Melissa Pistilli have no direct investment in any company mentioned.

Editorial Disclosure: Laurion Mineral Exploration has been a client since the inception of 11 Ways to Make Money. This article is free to read.

By: Melissa Pistilli
Title: Best Junior Gold Stocks on the TSXV
Sourced From: investingnews.com/daily/resource-investing/precious-metals-investing/gold-investing/junior-gold-stocks-list-tsxvs-top-performers/
Published Date: Mon, 08 Nov 2021 21:55:34 +0000

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