Which TSXV-listed junior gold stocks have performed the best so far this year? Our list includes the five biggest gainers.
Click here to read the previous best junior gold stocks article.
International turmoil has continued to drive the gold price to new year-to-date highs. The metal experienced a short-lived spike to over US$1,970 per ounce on February 24, when Russia began its invasion of Ukraine, but broke that level in early March, spiking to over US$2,069.
Since that most recent jump, gold has slowly declined to hover between US$1,900 and US$1,950.
The situation with Russia continues to affect the gold price, and the country recently announced it will only accept payment for oil from unfriendly countries in the form of rubles or gold grams. "In effect, it has gold becoming currency again, and that is the one thing that kind of blew my mind," Nate Fisher told the Investing News Network in an interview about the topic. However, he said, he is waiting to see if that actually comes to fruition.
These price moves have been positive for stocks. The best junior gold stocks list below was generated on April 4, 2022, using TradingView’s , and all companies had market caps above C$10 million at that time.
1. Tower Resources (TSXV:TWR)
Year-to-date gain: 158.82 percent; current share price: C$0.22
Tower Resources is operating out of BC, Canada, with its focus set on advancing its 100 percent owned Rabbit North copper-gold, Nechako gold-copper-silver and More Creek gold-silver projects, the last of which is located in BC’s roulette oddsen Triangle. The company performed a diamond drill program at Rabbit North in December 2021.
Tower has continued to explore Rabbit North in 2022 after its diamond drill program , which it has named the roulette oddsen zone. The announcement includes an intercept from the zone of 95 meters at 1.4 grams per tonne (g/t), including 19.2 meters of 4.21 g/t. Tower at the roulette oddsen zone on March 23, news that saw shares rise from C$0.11 on March 21 to an over four year high of C$0.25 on April 1.
At the end of February, the company its only news unrelated to Rabbit North: the acquisition of the West Afton claims near Kamloops, BC.
2. roulette oddsQuest Mining (TSXV:GCQ)
Year-to-date gain: 130.77 percent; current share price: C$0.30
roulette oddsQuest Mining has gold and copper properties in the Dominican Republic. Its primary focus is its Romero project, and according to the company, its board and management team have experience developing a mine in the country that is still in operation. In addition to Romero, roulette oddsQuest is exploring its Tireo property.
The company's share price jumped from C$0.14 to C$0.30 to start the year, and has fluctuated within a range of C$0.24 to C$0.36 since then, although it has only released one piece of news in 2022. That came on March 31, when roulette oddsQuest on the Romero project. The company is currently working with the Dominican Republic government to receive an exploitation license for the property, but does not yet have a timeline on when that could be granted.
3. Quartz Mountain Resources (TSXV:QZM)
Year-to-date gain: 110.81 percent; current share price: C$0.39
Quartz Mountain Resources is an exploration company that is focused on gold, silver and copper deposits in BC. Its goal is to acquire properties, explore them and then transact them. Its current projects are its Maestro gold-silver-copper-molybdenum project near Houston, BC, and its Jake copper-gold project near Smithers, BC. It states on its website that it was expecting to release 43-101 technical reports for both in the first quarter of this year; however, as of the end of Q1, neither had yet been released.
The company’s only news in 2022 was its January 12 that its board of directors had approved the granting of stock options. However, shares of Quartz Mountain have climbed significantly in 2022.
4. Reunion roulette odds (TSXV:RGD)
Year-to-date gain: 110.71 percent; current share price: C$0.295
Reunion roulette odds is focused on the Guiana Shield, operating projects in Guyana, Suriname and French Guiana. The company has a 50/50 alliance with Barrick roulette odds (TSX:ABX,NYSE:GOLD) for its NW Extension in Suriname. Reunion’s primary focus is its Oko West project in Guyana, where it spent much of 2021 drilling.
Reunion roulette odds has seen significant price movement following its news releases in the latter half of February and early March. First was its February 18 , in which the company announced that it had updated the information about Oko West on its website, as well as its corporate presentation. Next, on February 24, the company announced both that it had at Oko West, and that it had . On March 3, the company Pierre Chenard to its board of directors. Chenard has experience working with mining companies dating back to 1988. This wave of releases saw the company's share price run from C$0.20 on February 17 to a year-to-date high of C$0.36 on March 29.
5. Walker River Resources (TSXV:WRR)
Year-to-date gain: 100 percent; current share price: C$0.08
Walker River Resources is focused on its Lapon gold project in Nevada’s Walker Lane trend. The mining-friendly US state is famous for its precious metals. The company’s project is fully permitted and has historical high-grade gold mining. In 2019, Walker River also expanded its land holdings along discovered extensions of Lapon.
Walker River’s share price steadily climbed in 2022 without any news releases to a year-to-date high of C$0.12 on March 31. The company of the year on the same day, the results of a reverse-circulation drill program at Lapon, with highlights such as 7.62 g/t gold over 48.8 meters, including 77.16 g/t over 4.5 meters. The company’s share price fell in the days following the announcement, but is still up significantly in 2022.
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Securities Disclosure: I, Lauren Kelly, hold no direct investment interest in any company mentioned in this article.
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