The 'gold miner pulse' page provides a fundamental view of how miners are valued in relation to precious metals. Indexes are calculated on miners of the gold miner pulse database and a performance dispersion graph gives a fair idea on how differently those miners performed.
Reference date
Bear market damage
Today's statistics
Since previous evaluation on Dec 31, the median eased (3.74%) while the average gave back 1.20%. Declines (62) outnumber advances (24). The remaining 8 are flat within a + 1% margin.
Exchange rate
'Quintile' bar graphs overlap by one miner/explorer. This facilitates visually pinpointing any performance gap. The bottom ranking miner of the higher quintile is repeated at the top of the lower quintile.
Some list components didn't quote daily any longer. Without any exception these were penny stocks, valued below CAD 0.10. Their market capitalization was below 10 M CAD. Not surprisingly, these stocks were down over 90%. Weeding out these moribund explorers or miners made it harder for the remaining laggards to break away from the bottom quintile.
- Lundin Mining is to acquire Josemaria copper-gold project in Argentina for C$625 M
- Pretium Resources (PVG) will be acquired by the Australian Newcrest Mining.
- Great Bear Resources (GBR.TO) is going to be acquired by Kinross Gold (KGC)
- Agnico Eagle is merging with Kirkland Lake Gold. Sean Boyd comments on Kitco
- Harte Gold (HRT.TO) is delisted. (Gold Royalty Comp. - GROY) is added in replacement
- Telson Resources has been renamed to Atalay Mining.
- Fortuna Silver (FVI / FSM) has acquired Roxgold (ROX) in an all share deal.
- Premier Gold (PG.TO) was acquired by Equinox Gold Corp. (TSX: EQX)
Graphs section
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| Elite miners on a log axis: gains of +100% till +1000% with 100% ticks |
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| Subtop quintile: the average gain is amid this graph |
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| Midrange quintile: by definition you find the median (loss) in the middle of this graph |
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| Laggards quintile: Have you been timing the market to avoid any loss? |
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| nvestors nightmare: The lower eight miners of this quintile are down over 90% The bottom 3 are down over 95%: those really are the basket cases |
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| Elite miners on a log axis: gains of +100% till +1000% with 100% ticks |
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| Top quintile: the best 20% of miners |
Comments and composition changes since 2018:
- Lundin Mining is to acquire Josemaria copper-gold project in Argentina for C$625 M
- Pretium Resources (PVG) will be acquired by the Australian Newcrest Mining.
- Great Bear Resources (GBR.TO) is going to be acquired by Kinross Gold (KGC)
- Harte Gold (HRT.TO) is delisted. (Gold Royalty Comp. - GROY) is added in replacement
- Agnico Eagle (AEM) is merging with Kirkland Lake Gold (KL).
- Typhoon Expl has been renamed to Goldflare Exploration (GOFL.V)
- Northern Vertex Mining Corp. changed its name to Elevation Gold Mining Corporation (ELVT.V). There also was a 6:1 share roll-back.
- Telson Resources has been renamed to Atalay Mining (ATLY.V)
- Fortuna Silver (FVI / FSM) acquired Roxgold (ROX) in a nearly all share deal.
- Premier Gold (PG.TO) was acquired by Equinox Gold Corp. (TSX: EQX)
- Bear Creek Mining (BCM onTSXV) has been added (in replacement of PG)
- Midas Gold (MAX) changed name to Perpetua Resources (PPTA)
- Teranga Gold (TGZ) has been acquired by Endeavour Mining. Copper-Gold miner Freeport McMoran is on board as replacement.
- Monarques Resources (MQR on TXS) has been acquired by Yamana Gold (YRI on TSX, AUY in the US). The stock last quoted on Jan 25, 2021. MQR is dropped from the list.
- Radisson Mining Resources (RDS on TSXV) was added (in replacement of MQR)
- Auryn Resources (AUG.TO) and Eastmain Resources (ER.TO) merge to form a new corporation: Fury Gold Mines (FURY.TO and FURY on Nasdaq) which starts trading as of 13 Oct.
- Alacer Mining was acquired by SSR Mining at market price by a share swap. Trading of ASR was terminated on Sep 19 at the TSX close.
- Evrim Resources acquired Renaissance Gold. The merger company was named Orogen Royalties with ticker OGN.V (Venture exchange)
- Maya Gold was renamed to Aya Gold and Silver with the ticker changed to AYA.TO.
- Zjiin Mining is to acquire Guyana Goldfields (GUY.TO) creating a diversified precious metals producer as reported on June 12. The stock is removed from the database as of Jul 1st.
- Alio Gold (ALO) replaces Rye Patch Gold (RPM) upon a business combination of both. ALO 'inherits' the track record of RPM.
- Primero has been delisted after its acquisition by First Majestic.
- Klondex was acquired by Hecla Mining. Coverage is discontinued and Klondex has been delisted.
- After a friendly take-over bid of the Australian South32 miner on Arizona Mining (AZ), this top performer eventually left the selection.
- We introduced Gold Standard Ventures (GSV) to our list in replacement of AZ mining.
- After the bankruptcy of Red Eagle Mining (R), Teranga Gold Corporation (TGZ) was added in replacement.
- Upon the merger of Barrick and Randgold, the more appealing Randgold ticker GOLD was maintained, whereas the merged mining company is called Barrick. The ticker ABX is removed and the reference share price is divided by the 6.128 Randgold share exchange value. Randgold shareholders thereby obtain 33% of the new Barrick.
- Nighthawk (NH.TO) has been added to the list.
- Atlanta Gold (ATG), TVI Pacific (TVI) and CMC metals (CMB), Black Dragon Gold (BDG.V), Lincoln Mining Corp (LMG) and Miranda Gold (MAD) were dropped from the list. These explorers don't quote daily any longer. They have become hard to trade as market cap dwindled to a few million CAD.
- Subsequently also Black Dragon Gold (BDG), Lincoln Mining Group (LMG), Eco Oro Min (EON) and Golden Queen Min (GQM) were dropped in March 2019.
- Tahoe Resources was acquired by Pan American Silver (PAAS) as of Feb 22, 2019
- Several replacements have been added to the list after mergers and de-listings. Those are Golden Arrow Gold (GRG) on the Toronto venture exchange, Alacer Gold (ASR), Belo Sun Mining (BSX), Marathon Gold (MOZ), Midas Gold (MAX) and Roxgold (ROXG) on TSX. Newmont (NEM) - NYSE in USD was also added. Subsequent additions were ASA Gold & Precious Metals (ASA), Evrim Resources (EVM), Victoria Gold (VCGX) and Equinox Gold (EQX)
- Newmont (NEM) has completed the acquisition of Goldcorp (G on TSX and GG on US markets)
- Alexandria Metals (AZX) has been taken over by O3 Mining
- NGEx resources spun off its Los Helados project and various exploration properties into a new NGEx minerals (NGEX quoting on the Toronto Venture exchange) while focusing on the development of the José Maria copper-gold project in San Juan, Argentina. Accordingly the name was changed to Josémaria resources.
- Silvercrest Metals (the explorer spun out of Silvercrest Mining as it was acquired by First Majestic Silver) has been added to the list. Reference date is Aug 2016. This propels SILV to the top quintile elite stocks having more than doubled since entry date.
- Detour Gold was acquired by Kirkland Lake.
- Lydian (LYD.TO) saw its quote suspended until (if ever) there is a solution for its Armenian project. This explorer developer was removed from the list. New list entries are Maya Gold (MYA) and Dynacor Gold Mines (DNG)
- SILV is replacing the troubled small North Irish miner Galantas Gold (GAL)
- The African miner SEMAFO (SMF.TO) will be acquired by Endeavour Mining (EDR).
- Argonaut Gold (AR.TO) and Alio Gold (ALO.TO) will join forces in an at market merger. The Newcorp will be called Argonaut Gold.
- Alio gold and Semafo are replaced in the list as of Apr. 24; new entries are Lundin Gold (LUG) on TSX and Eclipse Gold (EGLD) on TSXV.
- Guyana Gold (acquired by Zjiin Mining) left the database on Jul 1st.
- Gold Mining Inc (ticker GOLD on TSX) is added in replacement). To avoid confusing with Barrick, the symbol is tuned to Gold-t (with the t for Toronto).
- Evrim Resources aquired Renaissance Gold. The merger company was named Orogen Royalties with ticker OGN.V (Venture exchange)
- A few name changes:
- Novacopper (NCQ) now is called Trilogy metals (TMQ)
- Astur Gold (AST) changed to Black Dragon Gold (BDG)
- Pilot Gold (PLG) changed to Liberty Gold (LGD)
- Silver Wheaton (SLW) changed its name to Wheaton Precious Metals (WPM)
- Eurasian Minerals changed to EMX Royalty Corp. (EMX)
- Silver Standard Resources changed to SSR Mining with ticker SSRM
- Gowest Amalgameted Res. changed to Gowest Gold with ticker still GWA
- Tri Metals Mining changed its name to Gold Springs Resources Corp. with ticker GRC
- Asanko Gold was renamed Galiano Gold with ticker GAU (both on TSX and US market)
- Maya Gold was renamed to Aya Gold and Silver with the ticker changed to AYA.TO
- Telson Resources has been renamed to Atalay Mining (ATLY.V)
- And ticker changes:
- Kirkland Lake Gold (KGI) changed its TSX ticker to KL
- Pan American Silver changed its TSX ticker to PAAS (in line with that on US markets)
- Golden Minerals changed its TSX ticker to AUMN (also in line with that on US markets)
- Alexco minerals changed its TSX ticker to AXU, in line with that on US markets
- Equinox Gold moved from Venture to the main TSX market with ticker EQX
- Victoria Gold moved from Venture to the main TSX market with ticker changed to VCGX
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Former mining or exploration company |
TSX ticker |
Date |
Merging or acquiring miner or explorer /
Delisted(red) |
|
or follow up suspended (dark red) |
|||
|
Capital Gold Corp. |
CGC |
08/04/2011 |
Acquired by Gammon |
|
Fronteer Gold Inc. |
FRG |
08/04/2011 |
Acquired by Newmont |
|
Richfield Ventures |
RVC |
01/06/2011 |
Acquired by NewGold |
|
ECU Silver Mining Inc. |
ECU |
08/10/2011 |
Acquired by Golden Minerals Cy. |
|
Century Mining Corporation |
CMM |
14/10/2011 |
Merged with White Tiger Res. |
|
Trade Winds Ventures Inc. |
TWD |
30/11/2011 |
Acquired by Detour Gold |
|
Silvermex Resources Inc. |
SLX |
29/06/2012 |
Acquired by First Majestic |
|
Trelawney Mining and Exploration |
TRR |
22/06/2012 |
Acquired by Iamgold |
|
Extorre Gold Mines Limited |
XG |
24/08/2012 |
Acquired by Yamana |
|
Great Basin Gold |
GBG |
19/09/2012 |
Delisted upon bankruptcy |
|
Queenston Mining Inc |
QMI |
29/11/2012 |
Acquired by Osisko |
|
High River Gold Mines Ltd. |
HRG |
14/03/2013 |
Merger with Nord Gold |
|
Orko Silver Corp. |
OK |
15/04/2013 |
Acquired by Coeur d'Alène |
|
Esperanza Silver Corporation |
EPZ |
30/08/2013 |
Acquired by Alamos Gold |
|
Plato Gold Corp. |
PGC |
31/07/2013 |
Sold its Quebec gold resource to Monarques |
|
Pacific Rim Mining Corp. |
PMU |
29/11/2013 |
Acquired by OceanaGold |
|
American Bonanza Gold Corp. |
BZA |
07/07/2014 |
Acquired by Kerr Minerals, which will been
absorbed by San Gold |
|
Osisko Mining Corporation |
OSK |
16/06/2014 |
Acquired by Agnico Eagle and Yamana |
|
San Gold Corporation |
SGR |
22/12/2014 |
Delisted after not meeting TSX requirements |
|
U.S. Silver Corporation |
USA |
31/12/2014 |
Taken over by Scorpio Mining (SPM.TO) |
|
Rio Alto Mining Limited |
RIO |
07/04/2015 |
Taken over by Tahoe Res. |
|
Paramount Gold and Silver Corp. |
PZG |
17/04/2015 |
Taken over by Coeur d'Alène |
|
AuRico Gold Inc. (Gammon) |
AUQ |
03/07/2015 |
Merger with Alamos Gold |
|
Revett Minerals Inc. |
RVM |
17/06/2015 |
Taken over by Hecla Silver |
|
Tyhee Development Corp. |
TDC |
03/06/2015 |
Delisted after not meeting TSX requirements |
|
Sunward Resources |
SWD |
19/06/2015 |
Acquired by NovaCopper |
|
Crocodile Gold Corp. |
CRK |
13/07/2015 |
Merged with Newmarket Gold (new ticker:
NGI) |
|
SilverCrest Mines Inc. |
SVL |
07/10/2015 |
Acquired by First Majestic Silver |
|
Temex Resources Corp. |
TME |
21/09/2015 |
Acquired by Lake Shore Gold |
|
Arian Silver Corporation |
AGQ |
01/12/2015 |
Delisted (only London and pink sheets) |
|
Niogold Mining Corp. |
NOX |
10/03/2016 |
Acquired by OBAN Mining Corp / Osisko 2.0 |
|
Lake Shore Gold |
LSG |
07/04/2016 |
Acquired by Tahoe Resources |
|
Claude Resources Inc. |
CRJ |
26/05/2016 |
Acquired by Silver Standard |
|
AM Gold Inc. |
AMG |
26/08/2016 |
Sold its exploration/development target |
|
Mines Management Inc. |
MGT |
13/09/2016 |
Acquired by Hecla mines |
|
Rubicon Minerals Corporation |
RMX |
19/10/2016 |
Delisted after reducing gold reserves |
|
Agave Silver Ltd (Cream Minerals) |
AGV |
19/12/2016 |
Sold its mineral rights in Mexico |
|
Kiska Metals Corporation |
KSK |
07/03/2017 |
Acquired by Aurico Metals |
|
Mariana Resources |
MARL |
23/06/2017 |
Acquired by Sandstorm |
|
Crazy Horse Resources Inc. |
CZH |
06/06/2017 |
Renamed to Rockwealth Resources and 10:1
consolidation |
|
Integra Gold |
ICG |
17/07/2017 |
Acquired by Eldorado Gold |
|
Exeter Resource Corp. |
XRC |
08/08/2017 |
Acquired by Goldcorp |
|
Primero Mining Corp. |
P |
11/05/2018 |
Acquired by by First Majestic Mining,
sold its Canadian mine to McEwen Mining |
|
Klondex Mines Ltd. |
KDX |
19/06/2018 |
Acquired by Hecla Mining |
|
Rye Patch Gold Corp. |
RPM |
30/05/2018 |
Business combination with Alio Gold |
|
Arizona Mining |
AZ |
10/08/2018 |
Friendly Acquired by South32 |
|
Red Eagle Mining Corp. |
R |
09/11/2018 |
Defaulted after guarantee for restructuring
financing failed |
|
Barrick Gold |
ABX |
02/01/2019 |
Merger with Randgold to form new Barrick;
ticker GOLD |
|
Randgold |
GOLD |
02/01/2019 |
Merger with Barrick; ticker maintained |
|
Quote |
Name |
Quote |
Name |
|
|
AEM |
Agnico-Eagle
Mines Limited |
IMG |
Iamgold |
|
|
AGI |
Alamos
Gold Inc |
IPT |
Impact
Silver Corp. |
|
|
AMM |
Almaden
Minerals Ltd. |
ITH |
International
Tower Hill Mines Ltd. |
|
|
AR |
Argonaut
Gold |
JOSE |
José
Maria Resources Inc. |
|
|
ASA |
ASA
Gold & Precious Metals |
K |
Kinross
Gold Corporation |
|
|
ASM |
Avino
Silver & Gold Mines Ltd. |
KL |
Kirkland
Lake Gold |
|
|
ATLY |
Atalay
Mining Corp. |
KOR |
Corvus
Gold Inc. |
|
|
AUMN |
Golden
Minerals Company |
LGD |
Liberty
Gold Inc (Pilot Gold) |
|
|
AXU |
Alexco
Resource Corp. |
LME |
Laurion
Mineral Exploration |
|
|
AYA |
Aya
Gold & Silver |
LUG |
Lundin
Gold Inc |
|
|
BCM |
Bear
Creek Mining Corporation |
MAG |
MAG
Silver Corp. |
|
|
BSX |
Belo
Sun Mining Corp. |
MOZ |
Marathon
Gold Corp. |
|
|
BTG |
B2 Gold |
MRZ |
Mirasol
Resources |
|
|
CDB |
Cordoba
Minerals |
MSV |
Minco
Silver Corporation |
|
|
CDE |
Coeur
d'Alene Mines Corporation |
MTB |
Mountain
Boy Minerals Ltd. |
|
|
CG |
Centerra
gold |
MUX |
McEwen
Mining Inc. |
|
|
CKG |
Chesapeake
Gold Corp. |
NDM |
Northern
Dynasty Minerals Ltd. |
|
|
CUU |
Copper
Fox Metals Inc |
NEM |
Newmont
Mining |
|
|
DNG |
Dynacor
Gold Mines Inc. |
NG |
NovaGold
Resources Inc. |
|
|
DPM |
Dundee
Precious Metals Inc. |
NGD |
New
Gold Inc. |
|
|
EDR |
Endeavour
Silver Corp. |
NHK |
Nighthawk
Gold Corp. |
|
|
EDV |
Endeavour
Mining Corp. |
NVO |
NOVO
Resources Corp. |
|
|
ELD |
Eldorado
Gold Corporation |
OGC |
Oceana
Gold |
|
|
ELVT |
Elevation
Gold Mining |
OGN |
Orogen
Royalties Inc. |
|
|
EMX |
EMX
Royalty Corp. |
OR |
Osisko
Gold Royalties |
|
|
EQX |
Equinox
Gold |
ORA |
Aura
Minerals Inc. |
|
|
EXN |
Excellon
Resources |
OSK |
Osisko
Mining Inc. |
|
|
FCX |
Freeport
McMoran Copper&Gold |
PAAS |
Pan
American Silver Corp. |
|
|
FNV |
Franco
Nevada |
PPTA |
Perpetua
Resources |
|
|
FR |
First
Majestic Silver Corp. |
PVG |
Pretium
Resources Inc. |
|
|
FURY |
Fury
gold mines |
RDS |
Radisson
Mining Resources |
|
|
FVI |
Fortuna
Silver Mines Inc. |
RRI |
Riverside
Resources |
|
|
GAU |
Galiano
Gold (Asanko) |
SBB |
Sabina
Gold & Silver Corporation |
|
|
GBR |
Great
Bear Resources |
SEA |
Seabridge
Gold Inc. |
|
|
GBU |
Gabriel
Resources Ltd. |
SGN |
Scorpio
Gold Corporation |
|
|
GCM |
Gran
Colombia Gold Corp |
SILV |
Silvercrest
Metals |
|
|
GOFL |
Goldflare
Exploration |
SPA |
Spanish
Mountain Gold Ltd. |
|
|
GOLD |
Barrick-Randgold |
SSL |
Sandstorm
Gold |
|
|
Gold-t |
Goldmining
Inc. |
SSRM |
SSR
Mining |
|
|
GPG |
Grande
Portage Res. |
SVM |
Silvercorp
Metals Inc. |
|
|
GPR |
Great
Panther Silver Ltd |
TML |
Treasury
Metals Inc. |
|
|
GRC |
Gold
Springs Resources |
TMQ |
Trilogy
Metals Inc. |
|
|
GRG |
Golden
Arrow Res. Corp |
TXG |
Torex
Gold |
|
|
GROY |
Gold
Royalty Corp. |
USA |
Americas
Silver |
|
|
GSV |
Gold
Standard Ventures |
VCGX |
Victoria
Gold Corp. |
|
|
GWA |
Gowest
Amalgamated Res. |
WPM |
Wheaton
Precious Metals |
|
|
HL |
Hecla
Silver |
YRI |
Yamana
Gold Inc. |
|
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