Written by SmallCapPower.com

Increasing geopolitical tensions have created upward momentum in the gold price of late. The 5 Canadian gold mining stocks—not only small caps—identified below have the lowest extraction costs (or cash costs) in the mining industry and, given their low production costs, will likely benefit most from a rising gold price environment. 

Cash costs refer to the mining and processing costs incurred per ounce; the lower the cash cost to extract each ounce of gold, the higher the potential profits.

Below are five of our industry-leading gold producers with forecasted 2017 cash costs as low as US$525/oz. 

1. Alacer Gold (PINK:ALIAF/TSX: ASR)
Gold

Alacer Gold Corp. is an intermediate gold mining company engaged in mining, development and exploration of mineral deposits in Turkey…

2. Barrick Gold Corp. (NYSE/TSX: ABX)
Gold

Barrick Gold Corporation is a gold mining company engaged principally in the production and sale of gold and copper, as well as related activities, such as exploration and mine development…The Company has nine producing gold mines, which are located in Canada, the United States, Peru, Argentina, Australia and the Dominican Republic.

3. Goldcorp Inc. (NYSE:GG/TSX: G)
Gold

Goldcorp Inc. is a gold producer engaged in the operation, exploration, development and acquisition of precious metal properties in Canada, the United States, Mexico, and Central and South America. The Company is engaged in the sale of gold, silver, lead, zinc and copper….