- Gold is up more than 76 percent over five years, almost 20 percent over one year
- Serabi Gold reached a quarterly high of C$1.45, March 27
- Galiano Gold is up 77 percent year to date, adding 95 cents to its share price
- Mineros is up, more than 73 percent year to date, last trading at XX
Over the past five years gold has risen more than 76 percent and almost 20 percent in the past year. With continued geopolitical uncertainty and investors looking for safe haven hedges, we look at three TSX gold companies whose stocks are up on the year.
Gold exploration and production company Serabi Gold plc (TSX:SBI) has projects in Brazil, deriving a majority of revenue from the sale of gold. Its flagship operation is the Palito complex, and on Jan. 31 it had its mining license renewed at its Coringa project. This allows the company to transport 50,000 metric tonnes of ore per year to be processed at the Palito complex. Company shares reached a quarterly high of C$1.45 on March 27.
Galiano Gold Inc. (TSX:GAU) operates the Asanko Gold Mine in Ghana, West Africa. The company released its operating results for the fourth quarter of 2023 and full year, reporting it produced more than 134,000 ounces of gold, which exceeded its guidance. Galiano has also reported high-grade results from infill drilling at Asanko’s Abore deposit, with one hole producing grades of 12.4 grams per ton of gold over 45 metres from a depth of 191 metres. Year to date the company is up more than 77 percent, adding 95 cents to its share price.
Latin American gold mining company Mineros SA (TSX:MSA) has been operating for almost 50 years. New to the TSX, it has a history of dividend payments to shareholders on the Colombia Stock Exchange. Mineros has mines in Colombia, Nicaragua and Argentina with its 2020 production totalling over 270,000 ounces of gold. The company’s primary assets are the Nechi mine in Columbia and the Hemco property in Nicaragua. Mineros is expecting to begin production from the Porvenir satellite deposit at Hemco in 2027, which it expects will add almost 45-thousand ounces of gold output per year. Year to date shares are up over 73 percent adding around 46 cents per share.
At the close Tuesday, gold was trading at US$2,330.90 an ounce.
For more trending gold stories, go to Stockhouse’s gold page. For additional information on increasing the gold in your portfolio, check out more conversations with Resource Maven’s Gwen Preston at VRIC and about where the gold growth in Canada is focused.
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