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Top 5 Gold Shares on TSXV in 2022


Click here to read a previous article about the best junior gold stocks.

In 2022, gold observed highs and lows. Russia’s invasion of Ukraine in late February led to Fr. short-lived thorn to more than $ 1,970 an ounce, and in early March it continued to grow to an annual high of $ 2,069. However, he has since gone down.

As of June 7, gold was trading just above $ 1,850, and it has been trading in that range since early May. However, gold was not alone in this crash, as global stock markets and commodities also fell sharply last month. Of course, this also affected companies working in this field.

Byron King joined the Investing News Network and discussed the state of the gold market. “The Golden Sector, precious metals sector, was severely beaten by the market. I think there are a lot of good choices, ”he said.“ I don’t know you want to go out there and spend everything, putting every penny you have, into a series of promotions tomorrow or the next day. … No, you just want to buy selectively. ”

The list of the best junior gold stocks below was formed on June 7, 2022 by TradingView’s stock screenand all companies had a market capitalization above C $ 10 million at the time.

1. Reunion Gold (TSXV:RGD)

Increase since the beginning of the year: 89.29 percent; market capitalization: C $ 234.21 million; current share price: C $ 0.265

Reunion Gold is a Canadian gold company focused on the Guiana Shield; he carries out projects in Guyana, Suriname and French Guiana. The company has a 50-50 alliance with Barrick Gold (TSX:ABX, NYSE: GOLD) for its northwestern expansion in Suriname. Reunion’s main focus is the Oko West project in Guyana, where it spent most of 2021 and 2022 performing drilling programs.

Seeing a positive price at the beginning of the year, Reunion Gold continued this trend. At the beginning of the year, February 24, the company announced that he drilled two of the deepest gold interceptions on the Eye West. Since then, on March 29, its price has risen to an annual high of 0.35 Canadian dollars. May 4 Reunion Gold shared the results of exploration as a result of his drilling on the Eye West. Most recently, the company announced that it had started trading on OTCQB under the symbol RGDFF, which led to another positive price increase for the company.

2. GoldQuest Mining (TSXV:GQC)

Growth since the beginning of the year: 65.38 percent; market capitalization: C $ 51.89 million; current share price: C $ 0.215

GoldQuest Mining has the properties of gold and copper in the Dominican Republic. The main focus of the company is the development of the Romero project, which is 100% owned. According to the company, its management and management have experience in developing the mine in a country that is still operating. In addition to the Romero project, the company is exploring its Tireo property.

GoldQuest’s stock price jumped from C $ 0.14 to C $ 0.30 to start the year, and ranged from C $ 0.24 to C $ 0.36 by mid-April, although it published only one news item in 2022. It happened on March 31, when the company provided an update on the Romero project. The company is currently working with the government of the Dominican Republic to obtain a license to operate the property, but does not yet have a deadline when it can be issued.

Although no further news was released until June 2, GoldQuest’s share price fell in late April, set at around $ 0.16 in May. His June news, appointment with Luis Santana Pereira as CEO, provided the company a bump.

3. Lion One Metals (TSXV:LIO)

Growth since the beginning of the year: 47.62 percent; market capitalization: C $ 209.54 million; current share price: 1.55 Canadian dollars

Lion One Metals is working to put into production in Fiji its 100 percent and fully approved Tuvat alkali gold project. According to the company, it is focused on “environmentally responsible construction, development and promotion” of the project.

The most significant price movement Lion One for the year occurred in the first week of June. Its share price started the month at 1.03 Canadian dollars and on June 8 jumped to a one-year high of 1.58 Canadian dollars. On May 31, the company shared the latest results of its Phase 2 drilling program. The ad says the interceptions show high to good grade; one such interception showed 18.47 grams per tonne (g / t) at 1.2 meters and 587.07 g / t at 0.3 meters. After this release Lion One shared it Review for 2022 June 3, as well as further renewal of intelligence in Tuvat: the discovery of a major new feeder structure. A new interception saw results of 20.86 g / t at 75.9 meters, including 90.35 at 7.2 meters.

“Our immediate priority is to continue this significant discovery with additional drilling in what remains a relatively poorly drilled part of the Tuvat system. Lion One is now more convinced than ever of Tuvat’s potential to become a notable multi-million-ounce Au deposit that ranks first in gold distribution worldwide, ”said Sergio Catalani, Lion One’s senior vice president of intelligence.

4. G2 Goldfields (TSXV:GTWO)

Increase since the beginning of the year: 46.99 percent; market capitalization: C $ 90.63 million; current share price: C $ 0.61

G2 Goldfields focuses on exploration in Guyana, where its flagship is the Oko-Aremu gold project. The company has completed drilling 116 wells on the property, and has the opportunity to acquire a 100 percent stake in the project through further exploration. The company also has two more projects in the country, past the Peters and Jubilee mines, both of which it plans to explore in 2022.

After a slow start to the year in terms of G2 Goldfield stock prices, in March and April there was a trend of rising prices and reached a high since the beginning of the year at 0.81 Canadian dollars. During this time, G2 has released three reconnaissance updates in the main Oko zone in Oko-Arem, as well as the girl zone estimate of mineral resources. The report shows a resource of 220,000 ounces of gold and an estimated resource of 974,000 ounces. Its price fell in May and has since stabilized at about $ 0.65. The latest news from the company is the filing of NI 43-101 technical report for Oko June 1.

5. Mayfair Gold (TSXV:MFG)

Growth since the beginning of the year: 35.16 percent; market capitalization: C $ 98.39 million; current share price: 1.23 Canadian dollars

The last company on our list, Mayfair Gold’s advanced exploration company, focuses on its Fenn-Gib gold project in Ontario, the Canadian Timins gold camp in the Abitibi gold belt. The project contains 2.08 million ounces of gold.

Mayfair’s stock price spent the first quarter of the year rising during numerous positive intelligence updates from the company’s operations at Fenn-Gib, including the company ad positive results of metallurgical tests on the project. April 6 Mayfair shared updated intelligence on Fenn-Gib, which further boosted stock prices, eventually culminating in a year-high high of Canadian $ 1.59 on April 14. After that, the company’s stock price fell by mid-May, but since resumed some of those losses.

In the latest news, May 31, Mayfair announced that it became Canada’s first carbon-neutral gold project following the company’s purchase of carbon compensation in line with its emissions in 2021. A week later it is shared that she completed her first exercise program in the Feng Gibb Southern Bloc and then continued on drilling results The next day.

Don’t forget to follow us @INN_Resource for real-time updates!

Disclosure of Securities: I, Lauren Kelly, do not have any direct investment in any of the companies mentioned in this article.

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