";s:4:"text";s:6118:" The company also has some projects elsewhere, including northern Canada and the Andes region of South America.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. If the stock market sells off, then so could gold and the mining stocks. 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. These are the gold stocks that had the highest total return over the last 12 months. Learn to pick the best mining industry stocks. FAANG is an acronym for the five most popular and best-performing American technology stocks in the market: Facebook, Apple, Amazon, Netflix and Alphabet (formerly Google).
That bodes well for the newly merged company's prospects in the years to come.Barrick has operations across the globe, but much of its exposure lies in a few key locations. 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.These companies are legitimate investments, but they're not in the mining business.
4 Gold-Mining Stocks to Watch | Stock Market News | US News At the same time, Kinross is still working hard to develop its pipeline of unmined resources, with projects in Alaska seeing particular promise.Kinross isn't the largest gold miner, but it has found impressive niches in which to operate. As gold prices have started to perform relatively better, Freeport has looked more closely at putting the emphasis back on the precious metal. Gold has long been regarded as a safe haven in times of market turmoil. Freeport is known much more for its role as a major copper producer, with its Freeport's copper business hasn't been a big winner for the company in recent years, since the slowdown in global economic activity has moderated prices of the important base metal. Exceptional leverage to higher gold prices. 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.Buenaventura has gold exposure to six different mining properties, which combined produce an estimated 875,000 to 945,000 ounces of gold annually. 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. 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. Nowadays, gold mining companies are huge operations that take full advantage of the areas in which they can find plentiful resources of gold. However, high costs of development have stymied the company's efforts there, as have concerns among local residents about environmental risks.Barrick's financial situation has actually led it to rein in production during a period of relatively weak prices for the yellow metal and to concentrate more on taking advantage of its most easily mined sites. Focusing on lower-cost production should help to improve cash flow, and that will be a critical element of Barrick's strategy for the foreseeable future.Among all of the stocks on this list, Freeport-McMoRan is the one that least identifies itself as a gold mining company. Agnico Eagle. Speaking of balance sheet fortitude, SSR Mining … We also reference original research from other reputable publishers where appropriate. (TMFGalagan) But blockchain is easier to understand than it sounds. Bitcoin is a digital or virtual currency created in 2009 that uses peer-to-peer technology to facilitate instant payments. The Fosterville mine in Australia has been the company's biggest contributor to overall production, with Kirkland seeing production soar more than 80% year over year in mid-2019. Dan Caplinger has been a contract writer for the Motley Fool since 2006. These are the gold stocks with the lowest 12-month trailing Yet the Peruvian mining company produces a lot more than just gold. On one hand, gold mining stocks often don't follow the ups and downs of the broader market, offering investors some extra Stock Advisor launched in February of 2002. Some of the major players in the 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.
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.