Gold Penny Stocks Continue to Trade Upward on the TSX

penny stocks

Cannabis stocks are down on the Toronto Stock Exchange today, but gold stocks are all trending in the green. Barrick Gold Corporation (TSX:ABX) and Goldcorp (TSX:G) are all seeing gains above 5% today, and various gold penny stocks are not far behind. 

Today, gold stocks reign supreme. Let’s take a closer look at the three gold penny stocks trending on the TSX.

B2Gold Corp. (TSX:BTO)

B2Gold Corp is headquartered in Vancouver, BC, and through its subsidiaries, engages in the exploration and development of mineral properties in Nicaragua, Finland, Columbia, Mali, Burkina Faso, and Namibia. 

The last update B2Gold Corp put out was nine days ago. On October 5th, an article was published on Reuters about gold production in Mali. B2Gold holds nine gold mines in Mali with multinational companies. Gold is expected to rise 21 percent by the end of this year in Mali.

According to Yahoo Finance, the penny stock is trading at $3.32 a share, up $0.14 (+4.40%).

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Yamana Gold Inc. (TSX:YRI)

Yamana Gold operates in Toronto, Ontario, and operates as a gold producer. It currently holds land positions in Canada, Brazil, Chile, and Argentina. 

Two weeks ago, Yamana released its 2018 Q3 results, but that was the latest company update. The gold penny stock may just be up, due to a trend in gold stocks rising today.

According to Yahoo Finance, YRI is currently trading at $3.45 a share, up $0.17 (+5.18%).

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Kinross Gold Corporation (TSX:K)

Kinross Gold Corp is also headquartered in Toronto, Ontario, and with its subsidiaries, engages in the acquisition, exploration, extraction, and processing of gold-containing ore.

This morning, Chile’s Supreme Court upheld an environmental order for a gold mine owned by Kinross to close up its water pumping wells.

The report said:

“The environmental watchdog, known locally as the SMA, initially ordered that the wells serving the Maricunga mine be shut down in 2016. The ruling was challenged by Kinross in Chile’s environmental tribunal and then in the country’s highest court. The Supreme Court on Wednesday backed the original order, pointing to the ‘inadequate management of unforeseen environmental impacts on the Pantanillo-Ciénaga Redonda basin,’ which is located in Chile’s northern Atacama desert.”

According to Yahoo Finance, the gold penny stock is currently trading at $3.79 a share, up $0.08 (+2.16%).

Featured Image: Depositphotos/© peshkova