Top-Tem List Of Gold Stocks From Gold Fund Manager

These stocks are all listed on the Toronto Stock Exchange, but some are cross-listed. The list comes from Kevin MacLean, portfolio manager of the C$347.1-million Sentry Select Precious Metals Growth Fund. According to this Globe and Mail report,

Mr. MacLean invests in companies that have what he calls a “high wealth-creation yield. These are companies that are adding to their reserves and resources at very meaningful rates relative to the size of the company, and have a high cash-flow yield.” He shies away from miners during the construction phase because of concerns about things going wrong – from permit delays to cost overruns.

The companies are:

1. Semafo Inc. SMF-T
2. Red Back Mining Inc. RBI-T
3. Golden Star Resources Ltd. GSC-T; GSS-AMEX
4. Alamos Gold AGI-T
5. Yamana Gold Inc. YRI-T; AUY-NYSE
6. Jaguar Mining JAG-T; JAG-NYSE [This one's been hammered today.]
7. Allied Nevada Gold ANV-T
8. Iamgold Corp. IMG-T; IAG-NYSE
9. Aurizon Mines ARZ-T; AZK-AMEX
10. Osisko Mining OSK-T

Anyone interested in any of these companies can look further into them. Boilerplate it may be, but doing the due diligence is a still a necessity before taking a plunge.

I should add that the Globe article itself has links to GlobeInvestor data on these companies.