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 May 21, the median is nearly flat -0.09%; the average firmed 3.6%. Advances (44) outnumber declines (35) while the remainder (15) is flat within a + 1% margin. Bear Creek Mining replaces Premier Gold.
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%. Following explorers or miners have therefore been excluded: Atlanta Gold (ATG), TVI Pacific (TVI), CMC metals (CMB), Miranda Gold (MAD), Black Dragon Gold (BDG), Lincoln Mining Group (LMG), Eco Oro Min (EON), Golden Queen Min (GQM) and Galantas Gold (GAL). Weeding out these moribund explorers or miners made it harder for the remaining laggards to break away from the bottom quintile.
- Fortuna Silver (FVI / FSM) will acquire Roxgold (ROX) in an all share deal.
- Premier Gold (PG.TO) was acquired by Equinox Gold Corp. (TSX: EQX)
- 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.
Graphs section
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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:
- 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
- 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) |
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Capital Gold Corp. |
CGC |
08/04/2011 |
Acquired by Gammon |
|
Fronteer Gold Inc. |
FRG |
08/04/2011 |
Acquired by Newmont |
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Richfield Ventures |
RVC |
01/06/2011 |
Acquired by NewGold |
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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. |
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Trade Winds Ventures Inc. |
TWD |
30/11/2011 |
Acquired by Detour Gold |
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Silvermex Resources Inc. |
SLX |
29/06/2012 |
Acquired by First Majestic |
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Trelawney Mining and Exploration |
TRR |
22/06/2012 |
Acquired by Iamgold |
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Extorre Gold Mines Limited |
XG |
24/08/2012 |
Acquired by Yamana |
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Great Basin Gold |
GBG |
19/09/2012 |
Delisted upon bankruptcy |
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Queenston Mining Inc |
QMI |
29/11/2012 |
Acquired by Osisko |
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High River Gold Mines Ltd. |
HRG |
14/03/2013 |
Merger with Nord Gold |
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Orko Silver Corp. |
OK |
15/04/2013 |
Acquired by Coeur d'Alène |
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Esperanza Silver Corporation |
EPZ |
30/08/2013 |
Acquired by Alamos Gold |
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Plato Gold Corp. |
PGC |
31/07/2013 |
Sold its Quebec gold resource to Monarques |
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Pacific Rim Mining Corp. |
PMU |
29/11/2013 |
Acquired by OceanaGold |
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American Bonanza Gold Corp. |
BZA |
07/07/2014 |
Acquired by Kerr Minerals, which will been
absorbed by San Gold |
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Osisko Mining Corporation |
OSK |
16/06/2014 |
Acquired by Agnico Eagle and Yamana |
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San Gold Corporation |
SGR |
22/12/2014 |
Delisted after not meeting TSX requirements |
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U.S. Silver Corporation |
USA |
31/12/2014 |
Taken over by Scorpio Mining (SPM.TO) |
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Rio Alto Mining Limited |
RIO |
07/04/2015 |
Taken over by Tahoe Res. |
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Paramount Gold and Silver Corp. |
PZG |
17/04/2015 |
Taken over by Coeur d'Alène |
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AuRico Gold Inc. (Gammon) |
AUQ |
03/07/2015 |
Merger with Alamos Gold |
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Revett Minerals Inc. |
RVM |
17/06/2015 |
Taken over by Hecla Silver |
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Tyhee Development Corp. |
TDC |
03/06/2015 |
Delisted after not meeting TSX requirements |
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Sunward Resources |
SWD |
19/06/2015 |
Acquired by NovaCopper |
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Crocodile Gold Corp. |
CRK |
13/07/2015 |
Merged with Newmarket Gold (new ticker:
NGI) |
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SilverCrest Mines Inc. |
SVL |
07/10/2015 |
Acquired by First Majestic Silver |
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Temex Resources Corp. |
TME |
21/09/2015 |
Acquired by Lake Shore Gold |
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Arian Silver Corporation |
AGQ |
01/12/2015 |
Delisted (only London and pink sheets) |
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Niogold Mining Corp. |
NOX |
10/03/2016 |
Acquired by OBAN Mining Corp / Osisko 2.0 |
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Lake Shore Gold |
LSG |
07/04/2016 |
Acquired by Tahoe Resources |
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Claude Resources Inc. |
CRJ |
26/05/2016 |
Acquired by Silver Standard |
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AM Gold Inc. |
AMG |
26/08/2016 |
Sold its exploration/development target |
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Mines Management Inc. |
MGT |
13/09/2016 |
Acquired by Hecla mines |
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Rubicon Minerals Corporation |
RMX |
19/10/2016 |
Delisted after reducing gold reserves |
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Agave Silver Ltd (Cream Minerals) |
AGV |
19/12/2016 |
Sold its mineral rights in Mexico |
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Kiska Metals Corporation |
KSK |
07/03/2017 |
Acquired by Aurico Metals |
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Mariana Resources |
MARL |
23/06/2017 |
Acquired by Sandstorm |
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Crazy Horse Resources Inc. |
CZH |
06/06/2017 |
Renamed to Rockwealth Resources and 10:1
consolidation |
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Integra Gold |
ICG |
17/07/2017 |
Acquired by Eldorado Gold |
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Exeter Resource Corp. |
XRC |
08/08/2017 |
Acquired by Goldcorp |
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Primero Mining Corp. |
P |
11/05/2018 |
Acquired by by First Majestic Mining,
sold its Canadian mine to McEwen Mining |
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Klondex Mines Ltd. |
KDX |
19/06/2018 |
Acquired by Hecla Mining |
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Rye Patch Gold Corp. |
RPM |
30/05/2018 |
Business combination with Alio Gold |
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Arizona Mining |
AZ |
10/08/2018 |
Friendly Acquired by South32 |
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Red Eagle Mining Corp. |
R |
09/11/2018 |
Defaulted after guarantee for restructuring
financing failed |
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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 |
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Quote |
Name |
Quote |
Name |
|
AEM |
Agnico-Eagle Mines Limited |
K |
Kinross Gold Corporation |
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AGI |
Alamos Gold Inc |
KL |
Kirkland Lake Gold |
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AMM |
Almaden Minerals Ltd. |
KOR |
Corvus Gold Inc. |
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AR |
Argonaut Gold |
LGD |
Liberty Gold Inc (Pilot Gold) |
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ASA |
ASA Gold & Precious Metals |
LME |
Laurion Mineral Exploration |
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ASM |
Avino Silver & Gold Mines Ltd. |
LUG |
Lundin Gold Inc |
|
AUMN |
Golden Minerals Company |
MAG |
MAG Silver Corp. |
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AXU |
Alexco Resource Corp. |
MOZ |
Marathon Gold Corp. |
|
AYA |
Aya Gold & Silver |
MRZ |
Mirasol Resources |
|
BCM |
Bear Creek Mining Corporation |
MSV |
Minco Silver Corporation |
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BSX |
Belo Sun Mining Corp. |
MTB |
Mountain Boy Minerals Ltd. |
|
BTG |
B2 Gold |
MUX |
McEwen Mining Inc. |
|
CDB |
Cordoba Minerals |
NDM |
Northern Dynasty Minerals Ltd. |
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CDE |
Coeur d'Alene Mines Corporation |
NEE |
Northern Vertex Mining |
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CG |
Centerra gold |
NEM |
Newmont Mining |
|
CKG |
Chesapeake Gold Corp. |
NG |
NovaGold Resources Inc. |
|
CUU |
Copper Fox Metals Inc |
NGD |
New Gold Inc. |
|
DNG |
Dynacor Gold Mines Inc. |
NHK |
Nighthawk Gold Corp. |
|
DPM* |
Dundee Precious Metals Inc. |
NVO |
NOVO Resources Corp. |
|
EDR |
Endeavour Silver Corp. |
OGC |
Oceana Gold |
|
EDV |
Endeavour Mining Corp. |
OGN |
Orogen Royalties Inc. |
|
ELD |
Eldorado Gold Corporation |
OR |
Osisko Gold Royalties |
|
EMX |
EMX Royalty Corp. |
ORA |
Aura Minerals Inc. |
|
EQX |
Equinox Gold |
OSK |
Osisko Mining Inc. |
|
EXN |
Excellon Resources |
PAAS |
Pan American Silver Corp. |
|
FCX |
Freeport McMoran Copper&Gold |
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. |
ROXG |
Roxgold |
|
GAU |
Galiano Gold (Asanko) |
RRI |
Riverside Resources |
|
GBR |
Great Bear Resources |
SBB |
Sabina Gold & Silver Corporation |
|
GBU |
Gabriel Resources Ltd. |
SEA |
Seabridge Gold Inc. |
|
GCM* |
Gran Colombia Gold Corp |
SGN |
Scorpio Gold Corporation |
|
GOLD |
Barrick-Randgold |
SILV |
Silvercrest Metals |
|
Gold-t |
Goldmining Inc. |
SPA |
Spanish Mountain Gold Ltd. |
|
GPG |
Grande Portage Res. |
SSL |
Sandstorm Gold |
|
GPR |
Great Panther Silver Ltd |
SSRM |
SSR Mining |
|
GRC |
Gold Springs Resources |
SVM |
Silvercorp Metals Inc. |
|
GRG |
Golden Arrow Res. Corp |
TML |
Treasury Metals Inc. |
|
GSV |
Gold Standard Ventures |
TMQ |
Trilogy Metals Inc. |
|
GWA |
Gowest Amalgamated Res. |
TSN |
Telson Resources (Soho) |
|
HL |
Hecla Silver |
TXG |
Torex Gold |
|
HRT |
Harte Gold Corp. |
TYP |
Typhoon Exploration Inc. |
|
IMG |
Iamgold |
USA |
Americas Silver |
|
IPT |
Impact Silver Corp. |
VCGX |
Victoria Gold Corp. |
|
ITH |
International Tower Hill Mines Ltd. |
WPM |
Wheaton Precious Metals |
|
JOSE |
José Maria Resources Inc. |
YRI |
Yamana Gold Inc. |
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