Between 27 September and 25 November 2009 the Gold price moved from $991 per ounce to $1176 per ounce - an increase of 18.8%. Over the same period Silver moved from $16.04 per ounce to $18.59 per ounce - an increase of 15.9%.
Over the same period (the dates being those of updates on the Goldval.com site), the average share price increase of some 130 gold (and silver) companies analysed by Goldval.com has been 25.2%. Among these companies, the 38 company Mid-Cap group (Market Capitalization between $500m and $2000m) did best with an average 31.2% gain. See www.goldval.com/market-value-enterprise-value/.
There have been some spectacular winners - with 14 companies showing share price gains over 50%. The four biggest winners were Ventana - 105%, Keegan 100%, Aquiline - 99% and Imperial - 92%. Other companies showing over 70% growth were Gabriel - 82%, Jinshan - 87%, Greystar - 87%, Silvercorp - 74%, Semafo - 73%, Guyana - 71%, Resolute - 74% and Norseman - 70%.
The losers over this period included a few surprises in the Senior Group (Market Capitalization above $2000m) - Kinross (-8%), Agnico Eagle (-4%) and Osisko (-4%). In the Mid-Cap Group, Hochschild was only slightly down and Seabridge lost 7%. In the Junior Group (Market Capitalization between $100m and $500m) there were 18 losers - with the biggest decline being recorded by the South African producer - Durban Deep at -27%. Other gold companies with share price declines in excess of 10% during this period of substantial gold price improvement were Allied Gold (-19%), Patagonia (-16%), Conquest (-14%), Entree (-12%) and Intrepid (-11%). Other losers included Apollo (-9%), Cluff (-7%), Citigold (-6%), Eastmain (-6%).
Goldval.com monitors a large number of gold and silver companies with listings in Canada, USA, UK, Australia and South Africa and provides a broad range of statistics and charts demnstrating various measures of value.