GoldMinerPulse: TSX/TSXv Gold Mining and Silver Mining Companies

Gold / silver miners, metals streamer / royalty companies and blockchain / cryptocurrency companies listing on TSX / TSXv / CSE.

High Value Tips

Frank Holmes, September 13, 2021

Where's the Yield? Don't Look to Crypto Lending, at Least Not Yet

Frank Holmes, September 7, 2021

What Some People Are Doing (and Not Doing) to Prepare for Retirement Without Social Security

Crypto Fear and Greed Index

Latest Crypto Fear & Greed Index

Gold / Metal Streamers and Cryptocurrencies / Blockchain Updates

GoldMinerPulse is tracking cryptocurrency/blockchain companies and streaming / royalty companies accessing or likely to access Canadian capital markets.


GOAU: A New Way to Invest in Gold and Precious Metals

Watch this exciting interview at Kitco news for a first-hand introduction to GOAU, a gold and precious metals ETF launching soon. Learn more about this game-changing product here and view the SEC filing details here.

Unlike other gold ETFs, GOAU implements a "quant" strategy to guide its stock selection. Drawing from an array of factors that have proven successful, the new ETF seeks, for instance, to discriminate between companies with good and bad management and to identify companies with superior metrics. This active, discriminating approach not only is attractive for its own sake, but is buttressed by back testing results going back 10 years.

I fully expect the GOAU to become a major ETF player as the next gold bull run evolves.

Anyone looking for exposure to the gold sector need look no further than GOAU on the NYSE.

Data Exploration Tools

  • nged and ngp are available on a custom crafted subscription basis. Updates on the free versions are no longer being provided.

    See my contact information at the bottom of the page to make inquiries.

TSX/TSXv Gold Reserves and Resources

Gold reserves and resources for TSX/TSXv listed companies with at least 12.5% of their in situ metal values from gold:


Type of Equity

Gold Reserves


Gold Resources
(tons, inclusive of reserves)


Gold Producers

13655 37414

Gold Developers

3435 11972

Gold Explorers
>5M Oz AuEq

2198 9094

Gold Explorers
<5M Oz AuEq

138 4405

All Gold Equities

19427 62885

Based on gold production rates reports over the last 4Q, TSX/TSXv gold producers have 21.5 years of gold reserves.



TSX/TSXv Gold and Silver Equities Statistics

The following table includes TSX/TSXv listed companies with at least 12.5 of their in situ metal values from gold or silver (in US$).

Type of Equity






>5M Oz AuEq


<5M Oz AuEq


Enterprise Value
Per Oz AuEq

$72 $12 $5 $22

Estimated Discovery Cost
Per Oz AuEq

  $13 $3 $25

Net Working Capital

$18,581M $1,351M $477M $819M

Gold and Silver Miner Market Capitalization Estimates

TSX/TSXv Grouping TSX/TSXv Total Market Capitalization
(Millions of US$)
Gold & Silver Producers $117,741
Gold & Silver Streamers $13,420
Gold & Silver Developers $10,703
Gold & Silver Explorers $7,812
Total TSX/TSXv Gold & Silver Miners $149,676
Market Cap Estimate For the World's
Gold & Silver miners (Millions of US$)

Note: All TSX/TSXv companies with at least 12.5% of their total in situ metal value coming from either gold or silver and which match the category definitions, are included in the above table.

Gold & Silver Producers category includes those companies that report quarterly production counts and revenues for gold and/or silver production.

Gold & Silver Streamers category includes companies focused on creating gold/silver streams or royalty income flows.

Gold & Silver Developers category includes companies with an explicit plan to start production in the near term or which have a spending profile and work plans to imply potential future production.

Gold & Silver Explorers category includes companies that are primarily focused on expanding resource counts at one or more existing gold and silver projects without indicating plans for future production.

Generator and grass roots companies are not covered.

Market capitalization is always computed using closing market price (expressed in US$ using exchange rates in effact at market closing time) and the issued share of each company. Updates are made daily after the TSX market close.

TSX/TSXv Market Share Assumptions: the TSX/TSXv gold producers are estimated to represent approximately 25% of the world's gold producers since the TSX/TSXv gold producers report approximately 25% of the world's yearly gold production. The streamers, explorers and developers are estimated to represent very roughly 50% of the world total for companies in those groupings.

NOTE October 24, 2016: Lowered the TSX/TSXv producer gold production estimate to 25% down from 33% - thus the spike in Market Cap Estimate for the World's Gold & Silver miners.

The Market Cap Estimate For the World's Gold & Silver miners is computed based on the actual TSX/TSXv market capitalizations, computed on a daily basis here using closing market prices and material filings as available at the TSX market closing time, and applying the market share assumptions detailed above.


Back to top 


Gold and Silver Miner Daily Update Counts

The following plot shows showing a per day count of gold/silver producers/developers/explorers with one or more "metric impacting" Sedar updates (e.g. resource disclosures, financial statements, shares for debt, private placements, options grants, project ownership changes, mergers/acquisitions, etc.).

Note: Snapshots are always taken at 4PM of the current day. Any filings after 4PM will only be counted at the next close.


Back to top   

Gold ETF Money Flows

Daily Price of Gold changes
Money Flows in/out of GLD
plus the SGE Premium and Settlement volume
mon-dd POG
% Chg
GLD bullion
SGE Au(t+d)
Sep 15 -0.65% -$100.9M Short to Long $15 7.44t
Sep 14 0.69% Short to Long -$5 8.73t
Sep 13 0.33% $117.7M Short to Long $2 12.00t

Sep 10 -0.48% Long to Short $18 15.15t
Sep 09 0.36% -$20.1M Long to Short $1 8.89t
Sep 08 -0.21% Long to Short $13 11.50t
Sep 07 -1.89% Long to Short $29 9.11t
Sep 06

Sep 03 0.28% Short to Long -$9 10.72t
Sep 02 -0.28% -$101.4M Short to Long $7 6.48t
Sep 01 0.01% Long to Short $1 11.03t
Aug 31 0.24% -$84.4M Long to Short $2 7.02t
Aug 30 -0.41% Long to Short $6 9.63t

Aug 27 1.38% Long to Short -$8 12.72t
Aug 26 0.73% Long to Short -$2 9.30t
Aug 25 0.73% -$169.2M Long to Short $7 13.37t
Aug 24 0.03% -$118.1M Short to Long $4 11.12t
Aug 23 1.25% -$286.8M Short to Long $8 11.12t

Aug 20 0.07% -$200.0M Short to Long $10 13.72t
Aug 19 -0.30% Short to Long $4 6.10t
Aug 18 0.05% -$117.4M Short to Long $8 11.55t
Aug 17 -0.09% -$200.4M Short to Long $11 9.40t
Aug 16 0.47% -$66.2M Short to Long -$4 10.08t

A ? indicates that the closing data for the ETF is to be released - ETF updates happen typically after 8PM EST. Otherwise the cell is left blank if there was no change from the previous day.

A X indicates the GDX ETF did NOT release the end of day holdings.

POG % Chg is computed based on the Kitco gold spot price bid at TSX market closing time and the price at the previous TSX market close.

For GLD, a positive cell value indicated the value of the gold (in millions of dollars) added to the ETF while a negative cell value indicated the value of gold removed from the ETF. Values are computed from data provided by the GLD ETF operator.

The SGE Prem. (Shanghai Gold Exchange Premium) is computed as the difference between the SGE gold closing price (coverted at exchange rates in effect at the TSX close) and gold spot price as reported by Kitco at the TSX close. SGE Sett. (Shanghai Gold Exchange Settlement Volume) is sum of the Au(T+D) and mAu(T+D) daily settlement volumes as reported by the SGE.


Shanghai Gold Exchange Gold Closing Price Versus Kitco Closing Price

The Shanghai Gold Exchange Yuan Renminbi price of gold and premium/discount in US dollars relative to the Kitco spot price at TSX close follows (yearly average and 1 year rolling time period comparisons):

Note: See China Public Holiday Calendar for the dates of up coming Chinese holidays.

Recent Comparisons of Shanghai Gold Exchange (SGE) Premiums (Δ) vs Kitco Spot Gold Price:
Date Shanghai Gold Exchange Close - Au(T+D) Kitco Spot Price at TSX Close SGE Δ
Yuan Renminbi/gram US$/oz
September 15 374.00 $1808 $1794 $15
September 14 372.80 $1800 $1805 -$5
September 13 372.33 $1795 $1793 $2

September 10 374.04 $1807 $1787 $18
September 09 372.80 $1796 $1795 $1
September 08 374.57 $1803 $1789 $13
September 07 378.78 $1822 $1793 $29
September 06

September 03 377.27 $1818 $1828 $9
September 02 377.16 $1817 $1810 $7
September 01 377.27 $1816 $1815 $1
August 31 377.45 $1817 $1815 $2
August 30 377.63 $1816 $1810 $6

August 27 376.54 $1810 $1818 -$8
August 26 373.25 $1791 $1793 -$2
August 25 374.34 $1798 $1791 $7
August 24 376.15 $1808 $184 $4
August 23 377.75 $1813 $1804 $8

August 20 374.47 $1792 $1782 $10
August 19 372.71 $1785 $1781 $4
August 18 374.17 $1795 $1786 $8
August 17 374.65 $1797 $1785 $11
August 16 371.17 $1783 $1787 -$4

Currency conversions made using spot rates available on the date. The SGE Δ is computed as the SGE closing price in US$ minus Kitco Spot Price (bid) at TSX Close.

A ? indicates that the closing data update is pending.

See the SGE page for daily updates on the Shanghai Gold Exchange, including a comparison of SGE gold delivery from vault in 2014 versus 2013.


Contact Information

More Links

Related Site Links

Contact GoldMinerPulse