2015 OTCQX Best 50: Strong Performance from Gold Stocks

2015 OTCQX Best 50: Strong Performance from Gold StocksOTC Markets Group recently released its 2015 OTCQX Best 50 list, which ranks the top-performing companies on the OTCQX Best Marketplace in 2014. It's based on average daily dollar volume growth and one-year share price performance.

This year's list includes 10 companies from the resource sector, with gold companies taking six spots. Here's a look at which mining companies made the cut and what they did last year to get the attention of investors.

1. Western Lithium USA (TSX:WLC,OTCMKTS:WLCDF)

Coming in at number one on the list, Western Lithium saw a massive 2,566-percent change in its average daily dollar volume. Its share price hit a 52-week high of $0.83 in 2014 and a low of $0.22.

The company definitely did many noteworthy things last year, including opening its Hectatone organoclay plant and securing US sales contracts for Hectatone. It has continued to make waves in 2015, announcing in February that it produced 99.8 percent purity lithium carbonate during the first trial run at its demonstration plant in Germany.

2. Niocorp Developments (TSXV:NB,OTCMKTS:NIOBF)

Niobium-focused Niocorp came in second place with a 961-percent change in average daily dollar volume. In 2014, its share price reached a low of $0.14 and a high of $0.71.

The company's Elk Creek project received a lot of attention last year and was featured in Thomas Schuster's Rocks to Riches equity research report. Most recently, Niocorp updated the PEA for Elk Creek, increasing its after-tax NPV from US$562 million to $606 million and reporting an IRR of 14.6 percent. The company also extended land agreements at the property not long ago.

3. Brazil Resources (TSXV:BRI,OTCMKTS:BRIZF)

Brazil Resources kept busy during 2014, starting the year with the release of NI 43-101 resource estimates for its São Jorge, Boa Vista and Surubim gold projects in Brazil. It also advanced other projects, reaching a significant permitting milestone at its Cachoeira project in May and announcing results from a NI 43-101 technical report at its Rea uranium project in the Athabasca Basin.

The company's change in average daily dollar volume was 376 percent and while its share price hit a low of $0.43 in 2014, it also reached a high of $1.25.

4. Balmoral Resources (TSX:BAR,OTCMKTS:BALMF)

Vancouver-based exploration company Balmoral Resources made some encouraging progress at its Martiniere property in the Detour Lake area of Quebec last year, expanding the high-grade gold system through a winter drill program. A 2015 winter drill program is now in the works, and the property continues to prove its worth. The most recent results show intercepts of 19.55 g/t gold over 44.45 meters, including 34.84 g/t gold over 24.14 meters, and 4.28 g/t gold over 53.78 meters, including 7.01 g/t gold over 22.48 meters.

The company saw a 52-week high of $1.76 and a low of $0.37 in 2014, and recorded a 147-percent change in average daily dollar volume.

5. Novo Resources (CSE:NVO,OTCMKTS:NSRPF)

Novo began drilling at the Beatons Creek property in Western Australia in September last year and has been focused on its development ever since. It gained 100-percent interests in mining leases for the project in February 2015 and released assay results soon after, including 6 meters of 8.77 g/t gold. Further assays released in April include intercepts of 3 meters at 3.4 g/t gold, 1 meter at 27.79 g/t gold, 2 meters at 6.92 g/t gold, including 1 meter at 12.76 g/t gold, as well as 3 meters at 8.19 g/t gold.

The company's average daily dollar volume change for 2014 was 177 percent. Its share price hit a low of $0.59 and a high of $1.85.

6. Klondex Mines (TSX:KDX,OTCMKTS:KLNDF)

Klondex acquired the Midas mine and ore mining facility in Nevada in February 2014, and is now producing gold there as well as its Fire Creek property. Most recently, the company reported its operational results for the first quarter of 2015, noting that mined gold increased by 147 percent from the year-ago period, to 55,191 gold equivalent ounces, while milled gold saw a 16-percent increase to 57,664 ounces.

Last year, Klondex's share price achieved a high of $1.98 and a low of $1.48. The company's average change in daily dollar value was 113 percent.

7. Trevali Mining (TSX:TV,OTCMKTS:TREVF)

Trevali has been making moves in the zinc space, with one producing mine in Peru and one operation under development in New Brunswick. The company's 2014 full-year production reached approximately 50.4 million payable pounds of zinc, 23.3 million payable pounds of lead and 914,600 payable ounces of silver.

Its change in average daily dollar volume was 97 percent for 2014 and its share price reached as high as $1.27, seeing a low point of $0.85.

8. Columbus Gold (TSXV:CGT,OTCMKTS:CBGDF)

Vancouver-based Columbus Gold is primarily focused on developing its Paul Isnard project in French Guiana, and the Montagne d'Or gold deposit there has returned some impressive results.

For instance, last June, the company released a mineral resource estimate for the deposit. It points to an estimated 140.1 million tonnes at an average grade of 1 g/t gold for a total of 4.31 million contained inferred ounces of gold. Columbus then completed a Phase II drill program at the deposit in November 2014, with a slew of positive results following close behind.

In 2014, the company saw a change of 54 percent in average daily dollar volume. Meanwhile, its share price reached a high of $0.56 and a low of $0.29.

9. Nautilus Minerals (TSX:NUS,OTCMKTS:NUSMF)

Nautilus is a unique company in that it's the first to explore for polymetallic seafloor massive sulfide deposits. It secured financing in 2014 to develop its main project, Solwara 1, which is located near Papua New Guinea. Resource Investing News had the pleasure of getting more detail about the project from CEO Mike Johnston this past March.

In terms of share price activity, Nautilus saw a high of $0.60 and a low of $0.19 in 2014. Its average daily dollar volume change was 32 percent.

10. Golden Queen Mining (TSX:GQM,OTCMKTS:GQMNF)

Vancouver's Golden Queen Mining is developing its 50-percent-owned Soledad Mountain project in Kern County, California. The company released an updated mineral resource estimate for the property this past February. It indicates total production of 807,000 ounces of gold and 8.3 million ounces of silver, with life-of-mine average annual production of 74,000 ounces of gold and 781,000 ounces of silver .

Its average change in daily dollar volume was 9 percent for 2014 and its share price saw a high of $1.77 and a low of $0.79.

 

Securities Disclosure: I, Kristen Moran, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: Trevali Mining and Klondex Mines are clients of the Investing News Network. This article is not paid-for content.

Related reading:

World Gold Council: Few Surprises in Q1 2015 Gold Demand Stats

2015 OTCQX Best 50: Strong Performance from Gold Stocks from Gold Investing News

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