I have provided the beginning of list for both biotech penny stocks and oil penny stocks (which I will continue to add to) so I thought I would begin to provide you with a list of penny stock gold companies. Gold penny stock companies are considered mining companies and often mine for metals other than gold. So a few of these companies might also fall into other mining sectors as well.

This list of gold penny stocks is not comprehensive. I will provide a second part at a later time.
Aurizon Mines (AZK)

Aurizon Mines digs for gold in the Abitibi region of Quebec. Aurizon’s primary property is the Casa Berardi Mine, which began operations in late 2006. That same year, Northgate Minerals offered to buy Aurizon for $385 million. Aurizon’s Board recommended that shareholders reject the Northgate offer as insufficient, saying the company time and money developing Casa Berardi and it made no sense to dilute its stake in the project just as it begins production. In 2010, Aurizon entered a joint venture with Typhoon Exploration to explore the Fayolle Project north of its Joanna Project. Also that year, it took an option to buy a 65% stake in Everton Resources’ potentially lucrative Wildcat project in northern Quebec.

Brigus Gold (BRD)

Brigus Gold (formerly Apollo Gold) is a mining company operating in Canada and the US. The company has gold, silver, lead, and zinc mine operations in Montana and Ontario; it also operates an exploration project in Chihuahua, Mexico. The company’s Montana Tunnels facility accounts for the majority of the company’s silver, lead, and zinc production. In the near term, Brigus is primarily focused on developing its Black Fox Project gold mine operation in Ontario. It also has begun to look for external growth, agreeing to buy Linear Gold for about $100 million in 2010. The combined companies adopted the name Brigus Gold when the acquisition closed.

Capital Gold (CGC)

Capital Gold explores for gold on its mining concessions in the state of Sonora, Mexico. The Chanate deposit produces about 60,000 ounces of gold annually, though the company is looking to expand the mine’s operations. It began production in 2007, yielding both silver and gold. AngloGold Ashanti had an option to buy a 51% stake in Chanate but in 2008 chose not to do so. Capital Gold also has an exploration-stage project elsewhere in Sonora. In 2010 Capital Gold turned buyer when it acquired Nayarit Gold, which also owns a Mexican minerals property. However, after a failed try at a merger in 2009, Capital Gold agreed to be acquired by Gammon Gold for about $288 million in 2010 in a cash and stock deal.

Cardero Resources (CDY)

Cardero Resource is hot on the trail for mineral deposits. The company explores copper, iron, gold, and silver properties in Argentina, Mexico, and Peru. In Mexico, where most of its projects are located, Cardero Resource has exploration operations in Baja California and San Luis Potosi. The Baja properties had been a partnership with minerals giant Anglo American until 2006, when Cardero Resource assumed full ownership. Australian mining giant Rio Tinto is involved in one of Cardero Resource’s projects in Peru. Cardero Resource also has a silver project in Argentina, and acquired a stake in Coalhunter Mining’s operations in British Colombia.

Claude Resources (CGR)

Claude Resources digs up dirt clods to get to precious metals. The company primarily mines gold at its Seabee mine in northern Saskatchewan, though it has other exploration projects underway in Manitoba and Ontario. Its Madsen property in the prolific Red Lake District of Ontario is the company’s most promising. Claude produces about 40,000 ounces of gold annually at its Seabee mine; it has proved and probable reserves of about 145,000 ounces of gold. In 2010 Claude began exploring the Amisk Gold Project in Saskatchewan, which it holds in a joint venture with St. Eugene Mining. While gold accounts for about three-quarters of its sales, the company also produces natural gas, natural gas liquids, and oil.

Crystallex (KRY)

Crystallex is crystal clear about what it’s after: gold. The company’s main development project is the Las Cristinas gold mine in Venezuela. That property, located in Bolivar State, contains around 17 million ounces in proved and probable reserves. Other operations included the Tomi mine (gold in Venezuela), La Victoria mine (gold in Venezuela), and the Revemin Mill (ore processing in Venezuela). Those permits, however, were taken back under Venezuelan state control in 2008, and Venezuelan President Hugo Chavez announced in 2010 he was considering nationalizing all gold mine concessions. Crystallex later entered a joint venture with China Railway Engineering Corporation to restart development on the project.

DRDGOLD (DROOY)

DRDGOLD, formerly Durban Roodepoort Deep, roots deep for profits. The gold miner produces more than 250,000 ounces of gold annually, and it has 4.5 million ounces in proved and probable reserves. DRDGOLD focuses on a couple main projects in South Africa: the ERPM and Crown properties. It also owns 50% of the Ergo Joint Venture, which is developing a uranium/gold project in South Africa. The company operates in South Africa through DRDGOLD SA, of which it owns 74%; KhumoGold, a Black Economic Empowerment entity, and an employee trust own the remainder. DRDGOLD also began exploring for gold in Zimbabwe in 2010 through a joint venture with Chizim Investments, a Zimbabwean firm.

Entre Gold (EGI)

Entr�e Gold hopes to serve up a heaping helping of gold. The company explores and develops gold and copper prospects in China, Mongolia, and the US. Its primary exploration projects are the Lookout Hill and Manlai properties, both located in Mongolia’s Gobi Desert. Entr�e Gold has an agreement with Ivanhoe Mines to help develop the Lookout Hill project. It also acquired PacMag Metals Limited, an Australian mining company with copper, gold, molybdenum, and uranium interests. It is also exploring copper projects in both the US and China. None of the company’s projects are in production.

Exeter Resource Corporation (XRA)

Exeter Resource Corporation has made a foray into South America. The Canada-based company explores for copper, gold, and silver in Chile and Argentina. Its primary projects include the Capische Porject (gold and copper) in Chile and the, Cerro Morro Project (gold and silver) in the Santa Cruz mining district of southern Argentina. Exeter Resource is teaming up with government-owned and international mining companies to help explore these projects.

Gammon Gold (GRS)

Gammon Gold hopes to find itself swimming in a pool of silver and gold. The exploration and production company operates two producing mines in Mexico, including its main Ocampo gold and silver project in Chihuahua, and its El Cubo silver and gold mine in Guanajauto. It also owns the Guadalupe y Calvo advanced exploration property in Chihuahua. Gold was first discovered in the remote area of Ocampo in 1804 and was actively mined until the Mexican revolution of 1912; the company began mining there in 2006. The following year the company changed its name from Gammon Lake Resources. Gammon Gold agreed to acquire Capital Gold in a $288 million cash and stock deal in 2010.