Gold Standard Ventures Corp (TSE:GSV) (NYSEAMERICAN:GSV), MAG Silver Corp (TSE:MAG) (NYSEAMERICAN: MAG), Pure Gold Mining Inc (CVE:PGM) (OTCMKTS:LRTNF) and Osisko Mining Inc (CVE:PGM) (TSE:OSK) were among Macquarie Group Ltd’s Canadian high-conviction top gold developer picks for 2019.
All of the 18 Australian and Canadian developers on the investment bank’s coverage list are rated Outperform.
"Although we cover six explorers, the early-stage research and development exploration investment has been extremely volatile, and investors unforgiving if results do not meet expectations," Macquarie said in a note Wednesday.
In October, Gold Standard raised about C$25 million through a placement of shares. Last month, MAG Silver published assay results from its six-hole, 4,271-meter Phase 3 drill program in Durango, Mexico.
Pure Gold last week garnered a repeated Speculative Buy rating from Echelon Wealth Partners, which said the first quarter of 2019 will be “pivotal” for the explorer.
Osisko this week reported intersecting 38.4 grams of gold per ton over two meters at a project in Quebec.
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