Some have vast portfolios of mining assets that provide diversified exposure across the world, while others concentrate their attention on just one or two lucrative mining sites. Tudor Gold Corp. With attractively low all-in sustaining costs for gold production that could well go down as new assets come fully online, Agnico Eagle is in a good position to stand out just below the industry's most prominent mining companies. Accessed Jan. 26, 2021. Accessed Jan. 26, 2021. Kirkland Lake Gold has been a noteworthy stock in the gold mining industry recently because it's boasted some of the most impressive growth of any major player in gold. There are different growth metrics, but one of the most widely used is growth in profits, as measured by earnings per share (EPS). For gold mining companies, you can go as high as $100 per ounce (if you think the company is going to grow), although I would only invest in a few over $50. Source: S&P Global Market Intelligence. At the same time, Kinross is still working hard to develop its pipeline of unmined resources, with projects in Alaska seeing particular promise. The material is not intended as a complete analysis of every material fact regarding any country, region, market, industry, investment, or strategy. Gold barely weakens seasonally, but the mining stocks tend to post significant losses. Accessed Jan. 26, 2021. Pure Gold Mining Inc. "Our Story." Kinross isn't the largest gold miner, but it has found impressive niches in which to operate. XE. As gold prices have started to perform relatively better, Freeport has looked more closely at putting the emphasis back on the precious metal. Agnico Eagle currently operates eight mines in Canada, Finland, and Mexico. A rush to safe haven assets has benefited gold producers and gold exploration companies as well, with several gold-mining stocks achieving triple digit percentage bumps. One of its most important assets is its 50-50 joint venture stake in the Canadian Malartic open-pit gold mine, which is Canada's largest. All of these five stocks are mostly gold miners, with some (SSR Mining, Great Panther, McEwen Mining, and Coeur Mining) mining a significant amount of silver. But picking gold mining stocks isn’t easy, as each company has a variety of individual projects and risks worth assessing. Buenaventura has gold exposure to six different mining properties, which combined produce an estimated 875,000 to 945,000 ounces of gold annually. Accessed Jan. 26, 2021. Yet much of Agnico Eagle's popularity among investors comes from its near-term potential for rising production. Let's take a closer look at these gold mining stocks to learn more about how they make their money and what their prospects for the coming years look like. B2Gold Corp. Cumulative Growth of a $10,000 Investment in Stock Advisor, Barrick Gold was the largest gold producer in the world, near-term potential for rising production, most impressive growth of any major player in gold, South Africa has also been a source of some difficulties, Sibanye's 2017 acquisition of Stillwater Mining, Copyright, Trademark and Patent Information. Accessed Jan. 26, 2021. Gold Stocks (GoldStocks.com) is the top online destination for all things Gold & … Gold mining company stocks may correlate with the gold price. There are plenty of foreign mining ventures across the globe, but it's rare to see any of them available for U.S. investors on major stock exchanges. If gold markets cooperate, Kinross should be a prime beneficiary of improved conditions across the industry. Are Gold Penny Stocks Worth The Investment? The descent for gold mining stocks from the 2011 price peak was much rougher than for the metal. These are the stocks that had the highest total return over the last 12 months. In the first quarter of 2019, the mining company said that its overall costs were quite a bit lower than expected, with all-in sustaining costs coming in at $925 per ounce. The combination brought together two already vast portfolios of gold assets that have made the company the industry's leader in terms of market capitalization. Few investors should put all their money into gold mining stocks, but allocating a portion of your portfolio toward gold miners can be a smart way to profit from the precious metals industry. It’s a liquid investment that you can purchase on a stock exchange just like any other stock investment. Accessed Jan. 26, 2021. They also can deliver big gains when a mining company does a good job in making the most of the mining assets it owns. Mineral rights are the ownership rights to underground resources such as oil, silver, or natural gas. Because market and economic conditions are subject to rapid change, all comments, opinions, and analyses contained within our content are rendered as of the date of the posting and may change without notice. Here are the top 5 gold stocks with the best value, the fastest growth, and the most momentum. Karora Resources Inc. Kirkland's market capitalization is high enough to make an acquisition bid unlikely, especially given that both Newmont and Barrick have already made major moves of their own. In addition, other investors, seeking to benefit from the stock's outperformance, will often purchase the stock, further bidding its price higher and pushing the stock higher still. Jaguar Mining Inc. "Overview of Operations." Many investors have gained exposure to the precious metal by buying stocks of companies engaged in exploration and mining. The gold miner's Nevada operations are extensive, producing more than 40% of its overall gold and boasting extremely low all-in sustaining costs in the low $600s per ounce. For gold mining companies, you want future reserves to be valued under $50 per ounce. Accessed Jan. 26, 2021. Growth investors believe that if a company consistently grows profits faster than the market as a whole, its stock price will rise as investors seek to get a share of future profits. These are the stocks with the lowest 12-month trailing price-to-earnings (P/E) ratio. This is primarily attributable to persistent weakness in gold mining stocks in the late 1990s. Dundee Precious Metals Inc. "About Us." Compania de Minas Buenaventura is an exception, as the Peruvian precious metals producer became the first Latin American mining company to list its shares on the New York Stock Exchange back in 1996. With a good combination of producing mines and prospect areas for future development, Newmont Goldcorp expects to use its new scale to command resources to explore opportunities that most smaller companies can't afford to tackle. Gold has long been regarded as a safe haven in times of market turmoil. "Xe Currency Converter: 132 CAD to USD = 103.985 US Dollars." In addition to its mining assets, the company took on the oil and gas industry, obtaining exploration and production assets in the Gulf of Mexico in the early 2010s. Companies within this segment are focused on the location and extraction of mineral reserves across the globe. Yet the gold miner has enough exposure elsewhere to counterbalance some of that country-specific risk, and its stock has generally followed the price of gold fairly closely over the years. With Gold and Silver hitting all time highs in July 2020, a lot of people are digging for nuggets in our Gold Stocks List! Providing exclusive original content and interviews with some of the best known voices in the world of economics and precious metals. Pure Gold Mining Inc. "Reserve & Resources." Accessed Jan. 26, 2021. After the merger, Sibanye's operations span two countries. Even before the merger, both companies were extremely cost-efficient operations, with all-in sustaining costs in the range of $800 to $900 per ounce of gold. Eventually, Freeport decided to move on, refocusing its efforts on its mining operations. Sibanye's legacy presence in South Africa includes both gold and platinum group metals assets, while Stillwater's mine assets in Montana are almost exclusively producers of platinum and palladium. GDX has provided a total return of 21.1% over the past 12 months, slightly below the Russell 1000's total return of 21.9%, as of January 25. All statistics in the tables below are as of January 25. The comments, opinions and analyses expressed herein are for informational purposes only and should not be considered individual investment advice or recommendations to invest in any security or to adopt any investment strategy. Kinross Gold Corp. Eldorado Gold Corp. It has eight operating mines scattered across the globe in Australia, Chile, Ghana, Peru, and South Africa, as well as several development projects. These companies are involving in developing, extracting, digging, and selling gold and silver. Bre-X Minerals Ltd., often referred to simply as Bre-X, was a Canadian gold mining company which infamously defrauded investors. "Home." XAU; NYSE Arca Gold BUGS; JSE Gold; TSX Gold; Metals … Gold has always been considered a safe investment against inflation. Compania de Minas Buenaventura (NYSE: BVN). People have sought after gold for millennia, as the yellow metal has played vital roles as a store of value and a foundation for sovereign coinage as well as in jewelry. Mining investments can range from precious metals like gold to the lithium and cobalt in our modern technologies. Gold penny stocks are small cap gold and silver mining companies that are trading at a cheap price. The company has invested in assets in the Canadian Arctic territory of Nunavut, and its Meliadine and Amaruq mines are only now starting to add to total production for Agnico Eagle. "Home." When gold prices fell sharply in the early 2010s, it had a dramatic negative impact on the resource-dependent South African economy, leading to massive operating losses for many gold mining companies and shutdowns of their mining facilities. Greatland Gold, which is focused on gold mining in Australia. "Overview." Momentum investors believe that stocks which have outperformed the market will often continue to do so, because the factors that caused them to outperform will not suddenly disappear. These 10 top gold mining stocks, however, have stood the test of time and have solid prospects that should help them stay in business for years into the future. Barrick is also part of joint ventures with Newmont Goldcorp in the Pueblo Viejo mine in the Dominican Republic as well as in the Kalgoorlie Super Pit site in Australia. Jaguar Mining Inc. "Operations." These are general guidelines. YCharts. Buenaventura has worked hard to try to think long term, with what it calls its de-bottlenecking program seeking to improve infrastructure in order to optimize production volume even at the cost of temporary shutdowns to implement the program. Meanwhile, production at the Macassa mine in Ontario hasn't been quite as strong, but exploration success from underground drilling in the vicinity of the current mine suggests that the asset could have even more resources to extract over the long run. For instance, between late 2018 and early 2019, an operational interruption at its Orcopampa mine helped the company improve the mine ventilation system and reinforce galleries to ensure safety. Bitcoin is a digital or virtual currency created in 2009 that uses peer-to-peer technology to facilitate instant payments. The property has actually seen reduced levels of milled ore, but the grade of the ore that's gone through Kirkland's mining and processing operations has been substantially better, helping to drive increased production. Gold streaming and royalty companies do not own mines, and therefore they do not carry the risk of overhead related to gold mining operations. Momentum investing is a factor-based investing strategy in which you invest in a stock whose price has risen faster than the market as a whole. Because of the constant demand for gold, gold mining has become a vast industry that spans the globe in search of new resources that can be taken out of the ground at a cheaper price than what customers will pay for them. In addition and despite its name, Barrick is also the world's largest publicly traded producer of copper, producing more than 400 million pounds of the base metal each year. Freeport is known much more for its role as a major copper producer, with its Grasberg mine in Indonesia representing one of the world's largest deposits of copper and gold. Accessed Jan. 26, 2021. Yet its operations go well beyond gold, with mining in silver as well as base metals like copper, lead, zinc, and nickel. Pure Gold Mining Inc. "FIRST GOLD POURED AT THE PUREGOLD MINE." We’re motley! To the trough in late 2015, GLD, which tracks the price of gold, tumbled 46%. Pretium Resources Inc. "PRETIVM CLOSES SALE OF SNOWFIELD PROPERTY TO SEABRIDGE." Accessed Jan. 26, 2021. The biggest reason has to do with the internal restructuring of its capital structure, as Gold Fields found a way in early 2019 to pay down debt that was coming due in 2020 with a combination of longer-term bond issuance and the sale of some noncore assets. It's partly because of those problems that AngloGold Ashanti has looked at the revolutionary move of considering divestment of its South African assets. The views and strategies described on our content may not be suitable for all investors. "Home." Value investors believe that if a business is cheap compared to its intrinsic value, in this case as measured by its P/E ratio, the stock price may rise faster than others as the price comes back in line with the worth of the company. A junior company is a small company that is looking to find a natural resource deposit or field. As I have discussed above that gold mining stocks are showing clear signs of recovery so, in the recent market conditions, it is not a dream to expect a 100% return from quality gold mining stocks in a year. Karora Resources Inc. These are the stocks with the highest year-over-year (YOY) EPS growth for the most recent quarter. In addition to its gold production, Sibanye's 2017 acquisition of Stillwater Mining boosted its already substantial exposure to platinum group metals, which include both platinum and palladium. Nowadays, gold mining companies are huge operations that take full advantage of the areas in which they can find plentiful resources of gold. Mining Stocks To Watch: Gold Resource Corporation Another one of the mining stocks to watch is Gold Resource Corporation (GORO Stock Report). Yet Barrick's most notable asset is one that hasn't panned out at all. Accessed Jan. 26, 2021. Dundee Precious Metals Inc. "Dundee Precious Metals Achieves Record Gold Production in 2020; Announces Timing of Q4/20 Financial Results." Accessed Jan. 26, 2021. Precious metals mining stocks probably provide a better inflation hedge than base metals and other commodities, but the other types may … Accessed Jan. 26, 2021. The resulting hit to employment has caused civil strife, and the political ramifications have included closer attention from lawmakers and government officials to ensure that mining companies don't create such large labor disruptions that they jeopardize the well-being of the general public. 2. How Top Gold Mining Stocks Performed in 2020. For silver, under $2 per ounce. "Assets." Investing in gold mining stocks has its pros and cons. Pretium Resources Inc. "About Pretium." For investors, the fact that Sibanye gets about 60% of its production from platinum and palladium means that the company might not seem like a pure gold stock. Accessed Jan. 26, 2021. Mining Stock Indices. Gone are the days when individual prospectors would go off on gold rushes using hand tools to dig and/or pan for the yellow metal. Kirkland Lake is a favorite among analysts in the gold mining stock community, and rock-bottom expectations for all-in sustaining costs that could end up below $600 per ounce give the gold miner a profit opportunity that makes its rivals green with envy. Precious metal mining is a sub-industry of the broader metals & mining industry. The company expects annual production of roughly 2.5 million ounces of gold, with all-in sustaining production costs of close to $1,000 per ounce. Accessed Jan. 26, 2021. Gold stocks, as represented by the VanEck Vectors Gold Miners ETF (GDX), had been outperforming the broader market for much of the past year, but have recently begun to underperform. Sibanye would likely agree, as it gets only about a sixth of its adjusted pre-tax operating earnings from gold. It follows the ideas set out in a whitepaper by the mysterious Satoshi Nakamoto, whose true identity has yet to be verified. As a U.S.-based company, Newmont Goldcorp is the only gold mining stock found in the S&P 500 index. Growth investing is a factor-based investing strategy in which you invest in businesses that you believe will grow significantly faster than the market as a whole. Value investing is a factor-based investing strategy in which you pick stocks that you believe are trading for less than what they are intrinsically worth, usually by measuring the ratio of the stock's price to one or more fundamental business metrics. Franco Nevada (FNV) Franco Nevada is one of the best-performing gold stocks in history. Accessed Jan. 26, 2021. You can learn more about the standards we follow in producing accurate, unbiased content in our. The offers that appear in this table are from partnerships from which Investopedia receives compensation. A gold mining stock represents a share of a company that mines for gold. As a U.S.-based company, Newmont Goldcorp is the only gold mining stock found in the S&P 500 index. Some of the major players in the gold industry include mining companies Canada-based Franco Nevada Corp. (FNV), Newmont Corp. (NEM), and Australia-based Newcrest Mining Ltd. (NCM). Firms within this segment focus their attention on those metals considered ‘precious’ or of high value including gold, silver, platinum, and palladium. Accessed Jan. 26, 2021. That diversification has proven to be especially valuable, as the price of palladium has soared nearly tenfold since the financial crisis in 2008. Some of the best known small-cap UK gold stocks include: SolGold, an Australian gold and copper mining company. Eldorado Gold Corp. By using Investopedia, you accept our, Investopedia requires writers to use primary sources to support their work. Instead, they provide capital to gold miners, and take their repayment in the f… Fundamental drivers are responsible for the seasonal patterns in gold mining stocks … They include the following: These companies are legitimate investments, but they're not in the mining business. As the Fool's Director of Investment Planning, Dan oversees much of the personal-finance and investment-planning content published daily on Fool.com. Nevertheless, more than 90% of Barrick's revenue comes from the yellow metal, making it one of the closest things to a pure play in gold mining that you'll find among major companies. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. On one hand, gold mining stocks often don't follow the ups and downs of the broader market, offering investors some extra diversification in their portfolios. A widely accepted value metric is the price-to-earnings ratio (P/E Ratio). The company actively explores, develops, produces, and sells gold and silver to Mexico and the US. Freeport also has extensive mining operations across the Americas, including its Morenci mine in Arizona and the Cerro Verde asset in southwestern Peru, and includes molybdenum as a major production asset in addition to gold and copper. Accessed Jan. 26, 2021. We also reference original research from other reputable publishers where appropriate. Pretium Resources Inc. Find top gainers & losers by index, major world indexes, futures indexes and stock news. K92 Mining Inc. A couple of Kirkland's projects have done especially well recently. Going forward, Newmont Goldcorp will remain a powerhouse in the industry. Five different sources of silver bring in around 23.7 million to 26.5 million ounces of the white metal annually, and Buenaventura also gets tens of thousands of metric tons of lead, zinc, and copper from its Peru-based mines. Recently, Kinross has enjoyed some positive developments. Barrick has operations across the globe, but much of its exposure lies in a few key locations. Pure Gold Mining Inc. "Our Growth." With economic indicators signaling an imminent end to the stock bull market and turn of the business cycle to safer assets such as gold, royalty and streaming companies offer investors a way to leverage the rising price of gold for even greater gains. Kinross has ambitious plans for mining success. "Home." Yet Buenaventura has also faced challenges, such as a three-week strike at its Uchucchacua mine in January 2019. If you want the success that can come from finding and exploiting vast mineral resources, then only mining stocks are likely to give you the results you want for your portfolio. With solid production, Buenaventura deserves its spot in the top 10. However, South Africa has also been a source of some difficulties in recent years, and companies like AngloGold Ashanti have had to deal with the fallout. These companies generally follow the up-and-down swings of the gold spot price. The difference is, both the rise and fall is bigger. Agnico Eagle Mines has an illustrious history in the mining industry, and its name still refers to its diversified portfolio of mining assets. For the most part, that's because they're not miners but rather fall into other categories. That being said, there are are also a small number of gold mining stocks I own due to their long records of good management, which is a rarity in this industry. Among all of the stocks on this list, Freeport-McMoRan is the one that least identifies itself as a gold mining company. Investopedia uses cookies to provide you with a great user experience. The gold miner seems to hope that a purchaser will be willing to make those investments while giving AngloGold additional capital to use to restructure its operations and focus on its best opportunities. These include white papers, government data, original reporting, and interviews with industry experts. Think of gold mining stocks as a … In fact, Kinross Gold's current projects don't include any Canadian sites, with exposure to the U.S., Brazil, Russia, and the West African nations of Mauritania and Ghana in addition to its exploration sites in Chile and elsewhere. Click on the tabs below to see more information on Gold Miners ETFs, including historical performance, dividends, holdings, expense ratios, technical indicators, analysts reports and more. This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. It's important to understand that there are many gold investments that aren't included on this list. On the other hand, plenty of things can go wrong with gold mining, and worst-case scenarios can threaten the very existence of even top gold miners. Returns as of 02/21/2021. Factors such as effective management, production costs, reserves, mine exploration and project development , and hedging activities are some of the factors to consider when deciding … The company also has a substantial copper-producing operation, with attributable copper reserves of almost 700 million pounds. SGT Report is the corporate propaganda antidote. The combined company mines gold in nine different countries on four continents, with assets in Ghana, Australia, and across North and South America, and full-year production added up to about 7.4 million ounces in 2018. However, if you want to take advantage of the wild gold price swings, there is a way: gold mining stocks. The company's existing projects benefited from efforts to improve the grade of ore it pulled out of the ground, as well as more efficient mill operations and higher recovery of gold with less power expenditure than projected. K92 Mining Inc. "K92 MINING ACHIEVES RECORD ANNUAL AND QUARTERLY PRODUCTION, WITH 29,820 OZ GOLD EQUIVALENT PRODUCED IN Q4." At the time, the move seemed like a good one, as gold prices were on the decline while the prospects for energy looked solid. Jaguar Mining Inc. "JAGUAR MINING REPORTS FOURTH QUARTER PRODUCTION WITH 22,532 GOLD OUNCES," Page 1. Nevertheless, with the company turning around its gold operations at the same time that it puts big bets on platinum group metals, Sibanye-Stillwater is an interesting pick for gold investors. Orla Mining Inc. "Projects: Overview." Prior to Newmont Goldcorp's merger, Barrick Gold was the largest gold producer in the world, with annual production well in excess of 5 million ounces of gold.
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