Gold has been one of the most secure commodities for ages immemorial. Now, in addition to investing in the physical yellow metal, investors also get the opportunity to invest in stocks of the gold mining companies, or the gold mining stocks in the market (keep in mind these are different than other gold stocks and gold ETFs).
The gold mining industry is vast and varied, with over 300 gold mining companies that are publicly traded. Additionally, the market values of these gold mining companies also vary from micro-cap to large-cap.
Gold mining companies have a diversified portfolio of assets across the world. Therefore, gold mining stocks diversify the risk exposure and geographical exposure of investors, instead of concentrating them on just a couple of gold mining sites.
Ticker | Company Name | Last Price | 1-Year Return | Market Cap |
|---|---|---|---|---|
| ALKEF | Alkane Resources Ltd | $0.36 | #N/A | 378.5M |
| EGO | Eldorado Gold Corp | $15.35 | 20.30% | 3.2B |
| KNTNF | K92 Mining Inc | $7.57 | 57.05% | 2.6B |
| TRX | TRX Gold Corp | $0.32 | -17.95% | 89.2M |
| LGDTF | Liberty Gold Corp | $0.25 | 25.00% | 132.9M |
| CHPGF | Chesapeake Gold Corp. | $0.87 | -41.22% | 85.5M |
| DRD | DRDGOLD Ltd | $13.89 | 71.69% | 1.2B |
| CAGDF | #N/A | #N/A | #N/A | #N/A |
| PMNXF | Perseus Mining Ltd | $2.02 | 48.53% | 4.4B |
| MGDPF | #N/A | #N/A | #N/A | #N/A |
| AGI | Alamos Gold Inc | $25.12 | 84.84% | 15.3B |
| FNV | Franco-Nevada Corp | $152.06 | 32.86% | 42.3B |
| HMY | Harmony Gold Mining Company Ltd | $12.06 | 56.02% | 7.6B |
| VITFF | Victoria Gold Ord Shs | $0.35 | -92.57% | #N/A |
| USAS | Americas Gold and Silver Corporation | $0.52 | 136.36% | 220.4M |
| KL | #N/A | #N/A | #N/A | #N/A |
| LOMLF | Lion One Metals Ltd | $0.22 | -35.29% | 82.4M |
| TPRFF | #N/A | #N/A | #N/A | #N/A |
| NGD | New Gold Inc | $3.25 | 93.45% | 2.6B |
| VGZ | Vista Gold Corp | $0.73 | 52.08% | 90.0M |
| SGSVF | #N/A | #N/A | #N/A | #N/A |
| GOLD | Barrick Gold Corp | $18.81 | 19.35% | 32.9B |
| AKG | Academies Australasia Group Ltd | $0.09 | #N/A | 11.9M |
| ARNGF | Argonaut Gold Ltd. | $0.00 | -100.00% | 636.9M |
| NG | NovaGold Resources Inc | $3.36 | 29.73% | 1.1B |
| AU | Anglogold Ashanti PLC | $32.08 | 44.63% | 16.2B |
| AIRRF | Aurion Resources Ltd | $0.50 | 16.28% | 105.7M |
| NCMGY | #N/A | #N/A | #N/A | #N/A |
| KGC | Kinross Gold Corp | $11.62 | 106.39% | 14.3B |
| RGLD | Royal Gold Inc | $153.72 | 37.67% | 10.1B |
| AUY | #N/A | #N/A | #N/A | #N/A |
| WDOFF | Wesdome Gold Mines Ltd | $10.90 | 51.81% | 2.3B |
| AEM | Agnico Eagle Mines Ltd | $103.28 | 85.69% | 52.1B |
| OR | Osisko gold royalties Ltd | $19.65 | 23.82% | 5.3B |
| BTG | B2Gold Corp | $2.96 | 15.63% | 5.7B |
| SA | Seabridge Gold Inc | $11.45 | -14.10% | 1.1B |
Examples of Gold Mining Stocks
Gold mining stocks can provide an attractive investment opportunity for those looking to gain exposure to the precious metal. However, with so many options to choose from, it can be difficult to determine which companies are the best fit for your portfolio. Here, we’ll take a look at some of the top gold mining stocks on the market today and discuss what makes them stand out.
- Barrick Gold (GOLD) – Barrick Gold is one of the largest gold mining companies in the world, with operations in North America, South America, Africa, and Australia. The company has a strong track record of increasing production and reducing costs, and it has a market capitalization of over $27 billion.
- Newmont Corporation (NEM) – Newmont is another top gold mining stock, with operations in the Americas, Africa, and Australia. The company has a market capitalization of over $35 billion and a strong portfolio of long-lived, high-quality assets.
- Kinross Gold (KGC) – Kinross Gold is a Canadian-based gold mining company with operations in the Americas, Africa, and Russia. The company has a market capitalization of over $8 billion and a strong track record of growing its production and reserves.
- Goldcorp Inc. (GG) – Goldcorp is a Canadian-based gold mining company with operations in Canada, the United States, Mexico, and Central and South America. The company has a market capitalization of over $7 billion and a strong portfolio of high-quality assets.
- Agnico Eagle Mines (AEM) – Agnico Eagle is a Canadian-based gold mining company with operations in Canada, Finland, and Mexico. The company has a market capitalization of over $9 billion and a strong track record of increasing production and reducing costs.
When considering which gold mining stocks to invest in, it’s important to take into account factors such as the company’s financial health, management team, and growth prospects. Additionally, it’s important to consider the overall state of the gold market and how it may impact the mining companies.
About the Gold Mining Industry
The gold mining industry is a highly competitive and global industry that involves the extraction of gold from underground or open-pit mines. Gold mining companies are engaged in the exploration, development, and production of gold, as well as other related activities such as refining and marketing.
The industry has a long history dating back to ancient civilizations, but it has evolved significantly over the years with new technologies and techniques. Today, the industry is dominated by large, multinational companies that operate mines on a global scale. However, there are also many small and medium-sized companies that operate mines in specific regions or countries.
Gold mining operations can be broadly categorized into two types: underground mining and open-pit mining. Underground mining involves excavating deep into the earth to extract gold, while open-pit mining involves removing large amounts of overburden (soil and rock) to access the gold-bearing ore. Both methods have their own set of challenges and risks, and the choice of mining method will depend on the specific conditions of the mine.
The gold mining industry is a capital-intensive industry, requiring significant investments in equipment, infrastructure, and personnel. The cost of mining gold can vary widely depending on the location of the mine, the type of ore, and the mining method used. Additionally, the industry is subject to various risks such as geological, environmental, and political risks, as well as fluctuations in the price of gold.
Overall, the gold mining industry plays a significant role in the global economy, providing jobs and income for many people and contributing to the development of local communities. However, it also has a significant impact on the environment and human rights, and many companies are working to address these issues through sustainable practices and responsible sourcing.
In recent years, the industry has faced some challenges such as the fall in gold prices, increased competition and regulatory challenges, and the impact of the COVID-19 pandemic, but the industry is expected to rebound in the near future as the demand for gold is expected to rise in the long term.
Factors to Consider Before Investing in Gold Mining Stocks
It is significant to note that the price of the gold mining stocks is affected by both the production and earnings of the gold mining companies and the price of gold. Therefore, gold mining stocks are more volatile than physical gold.
Investors must consider the overall performance of the gold mining companies whose stocks they wish to invest in. The performance indicators include management effectiveness, costs of production, the value of reserves, and other exploration and development activities.
In addition to the gold mining companies’ individual performance, price of gold mining stocks also fluctuates with the price of gold, the value of the dollar, and other economic and political factors (as is the case with many mining stocks).
Which Gold Mining Stocks Should I Buy?
We have compiled a list of gold mining stocks for you to choose from. You can make a choice based on how these gold mining companies make their money and what their future prospects look like.
Despite the volatility in price, gold mining stocks remain efficient avenues of investment. They provide both short-term regular income and long-term capital gains, even amidst a volatile market environment. Gold mining stocks are an excellent means to add value to your portfolio in the form of diversification.
