http://www.northernminer.com/
Gold exploration and development is enjoying a boom again, and Canadian juniors are leading project advancement at home and abroad.
The following are the top-10, Canadian-headquartered gold companies that are developing projects but not yet in commercial production, ranked according to market capitalization in mid-July. Gold royalty and streaming companies are not included in the list.
1. Novagold Resources – $1.9 billion market capitalization
Vancouver-based Novagold Resources (TSX: NG; NYSE-MKT: NG) is a familiar name in the gold sector, especially amongst retail investors. Novagold’s flagship project is its half interest in the large but remote Donlin Gold project in southwestern Alaska, which is a fifty-fifty joint venture with Barrick Gold (TSX: ABX; NYSE: ABX).
Donlin Gold ranks as one of the world’s largest undeveloped gold deposits, boasting measured and indicated resources of 541 million tonnes grading 2.2 grams gold per tonne for 39 million contained oz. gold, plus 92 million inferred tonnes grading 2 grams gold per tonne. (The measured and indicated resource includes 505 million tonnes of proven and probable reserves at similar grades.)
A second updated feasibility study of Donlin Gold envisions an open-pit mine that would produce 1.5 million oz. gold annually in the first five years of operation, and 1.1 million oz. gold per year over a 27-year life. The partners plan to carry out an US$8-million drill program this year at Donlin to gain more geological and geotechnical data.
For the rest of this article: http://www.northernminer.com/news/top-10-canadian-based-gold-developers/1003788095/