The top gold company's for 2014 Nevsun Resources Ltd (NSU-TSX)(NSU-NYSE MKT), one of the most profitable copper producers in the world, was recently subject to rumours of a billion dollar takeover and has had a great year giving a solid 20% return plus dividend payments to shareholders. A billion dollars would appear to by highway robbery as the company has $520M US in working capital.
Another strong gold performer this year is Richmont Mines (TSX:RIC) which owns mines in Ontario and Quebec. The company recently showed a 38% rise in year-on-year revenue in their Q3 results at $34.2 million and also raised their guided annual gold production from 75,000 - 85,000 to 85,000 - 90,000. With results exceeding targets, it's no wonder the stock performance has been so impressive this year.
Inca One (IO-TSXv), although in a different league than these larger producers has given equally impressive returns trading at multi year highs, tackling the formalization opportunity in Peru proving that being focused to a production model is what investors are looking for. Cash Flow.
These are three companies that not only have ploughed through the tougher metals price environment are building cash reserves, and showing what the right expertise, steady financial management and a shrewd strategy can achieve. Truly, a breath of fresh air.
Read more at https://www.stockhouse.com/news/press-releases/2014/12/01/ex-barrick-executives-flock-to-inca-one-gold#c2sgZtXRLe1QKRFC.99