“…Today, we have discovered three Canadian gold stocks that could benefit from potential upside in gold prices, all of which share high institutional ownership rates. Sometimes it’s fortuitous to follow the pros.”
Prepared by Lorimer Wilson, editor of munKNEE.com – Your KEY To Making Money!
[Editor’s Note: This version* of the original article by SmallCapPower has been edited ([ ]), restructured and abridged (…) by 44% for a FASTER – and easier – read. Please note: This complete paragraph must be included in any re-posting to avoid copyright infringement.]
Mandalay Resources Corporation (TSX:MND)
Incorporated in 1997, with headquarters in Toronto, Ontario, Mandalay Resources is involved with the acquisition, exploration, extraction, and processing of a variety of minerals, including gold, silver, and antimony. The Company holds 100% interests in several international locations including the gold-antimony mines in Central Victoria, Australia, the Cerro Bayo silver and gold mine in southern Chile, and the Björkdal gold mine in northern Sweden…
- Institutional Ownership: 51.5%
- Market Cap: $47.4 million
- 7-Day Total Return: 40.0%
- 1-Month Total Return: 75.0%
Asanko Gold Inc. (TSX:AKG)
Founded in 1999, Asanko Gold is a gold producer based in Ghana, West Africa. The Company’s Asanko Gold Mine there…is a joint venture with Goldfields Ltd (NYSE:GFI), both having a 45% interest in the mine, with the Government of Ghana having the remaining 10%. Currently, the Company has one of the highest strategic ownerships, coming in third after Guyana Goldfields Inc. (TSX:GUY) and Mandalay Resources Corporation, in terms of percentage owned.
- Institutional Ownership: 43.84%
- Market Cap: $216.8 million
- 7-Day Total Return: 10%
- 1-Month Total Return: -1%
Premier Gold Mines Limited (TSX:PG)
Founded in 2006, Premier Gold Mines Limited explores, develops, and produces gold and silver…[in] Canada, the United States and Mexico. Holding 100% of the interest in the Mercedes Mine located in Mexico, 40% interest in the South Arturo Mine in Nevada, and 50% interest in the Greenstone Gold property situated in Ontario…
- Institutional Ownership: 41.5%
- Market Cap: $353.4 million
- 7-Day Total Return: 8.1%
- 1-Month Total Return: 11.5%
(*The author’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article. Furthermore, the views, conclusions and any recommendations offered in this article are not to be construed as an endorsement of such by the editor.)
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A note from Lorimer Wilson, owner/editor of munKNEE.com – Your KEY to Making Money!:
“Illness necessitates that I spend less time on this unique & successful site so: