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The Founder of is Peter McKenna - a Registered Natural Scientist with over 36 years experience in the mining industry in the fields of exploration and mine geology, reserve / resource evaluation, corporate finance and new business development in various parts of the world. Peter has... More
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  • Gold Companies: Winners and Losers Since Gold Broke $1000 per Ounce 0 comments
    Dec 1, 2009 5:46 AM

    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 site), the average share price increase of some 130 gold (and silver) companies analysed by 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

    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%). 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.

    Disclosure: Nil
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