Gold Miners Analysis: Barrick, Newmont, Agnico Eagle Mines, AngloGold Ashanti, Kinross, Gold Fields

Published 2024-03-08
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With gold reaching new record prices, investing in gold mining stocks in 2024 looks like a very attractive idea, especially since they haven't moved that much despite gold rallying.

In today's video, we'll delve into six prominent gold mining companies and analyze their performance, financial health, potential risks and growth prospects. From Barrick and Newmont to AngloGold Ashanti, Kinross, Gold Fields, and Agnico Eagle Mines, we'll check them all!

Despite gold hitting record highs in early 2024, many gold mining stocks have remained stagnant.

Barrick Gold Corporation ($GOLD): As one of the world's leading gold mining companies, Barrick Gold boasts high-quality assets across the Americas and Africa. With a production capacity of around 4 million ounces of gold and 200 thousand tonnes of copper, Barrick remains a formidable player in the industry, poised for growth and profitability.

Newmont Corporation ($NEM): Newmont Corporation, following its acquisition of Newcrest, solidifies its position as the largest player in the gold mining sector. With operations spanning the globe, Newmont has recently announced that it plans to focus on optimization and portfolio improvements by divesting underperforming assets, which looks like a good idea considering the high AISC.

AngloGold Ashanti Limited ($AU): With operations in Africa, the Americas, and Australia, AngloGold Ashanti Limited stands out as one of the largest gold producers globally. Despite facing challenges such as high all-in sustaining costs, AngloGold Ashanti's extensive Tier 1 assets and growth initiatives underscore its potential for profitability and value creation.

Kinross Gold Corporation ($KGC): Kinross Gold Corporation, a Canadian miner with operations in the Americas and Africa, maintains a steady production of around 2 million ounces of gold. Kinross offers an attractive opportunity for value at a relatively low cost, but there's a key risk to consider.

Gold Fields Limited ($GFI): Gold Fields Limited, a South African mining company with operations worldwide, boasts a production capacity similar to AngloGold Ashanti. Despite facing challenges such as high all-in sustaining costs, Gold Fields' focus on efficiency and exploration presents investors with potential for long-term growth and value creation.

Agnico Eagle Mines Limited ($AEM): Agnico Eagle Mines Limited, a Canadian miner with operations across Canada, Australia, Mexico, and Finland, distinguishes itself with its very low all-in sustaining costs and stable production. For me, Agnico Eagle's biggest issue is the dividend, offsetting the strong financials and long-term growth prospects.

Near the end of the video you can also see my thoughts about these gold miners, including which ones are good buys for me now.

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On my channel, you will find a wide variety of stock analyses - from gold miners such as Barrick Gold (NYSE: GOLD) and Newmont Mining (NYSE: NEM) to tech stocks like Nokia (NYSE: NOK), Alphabet (NYSE: GOOG/GOOGL), Intel (NYSE: INTC) and even healthcare REITs like Medical Properties Trust (NYSE: MPW) and Omega Healthcare Investors (NYSE: OHI).

Although I mostly focus on value investing, there will also be plenty of high-yield dividend stocks being analysed on the channel, especially if I believe that there is value in there.

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DISCLAIMER: I am not a financial advisor and nothing on this channel should qualify as investing advice. All information is provided for your education or entertainment. It is not intended to be investment advice. This information is general in nature and has not taken into account your personal financial position or objectives. Seek a duly licensed professional for investment advice.

0:00 Investing in Gold & Gold Mining Stocks in 2024
1:57 Gold at $2,500/oz? Not impossible!
4:05 Barrick, Newmont, Agnico Eagle Mines, AngloGold Ashanti, Kinross, Gold Fields


#stocks #investing #personalfinance #valueinvesting

All Comments (16)
  • Join this channel to support me and get access to perks: youtube.com/channel/UCLqygB-tDDzP8HcNDV0k7ig/join This took A LOT of work, but it's finally done. I hope you'll enjoy it! With gold reaching new record prices recently, investing in gold mining stocks looks like a very attractive idea, especially since some of them haven't moved that much despite gold rallying. In today's video, we'll delve into six prominent gold mining companies and analyze their performance, financial health, potential risks and growth prospects. From Barrick (GOLD) and Newmont (NEM) to AngloGold Ashanti (AU), Kinross (KGC), Gold Fields (GFI), and Agnico Eagle Mines (AEM), we'll check them all!
  • @user-fo9lq5oc8k
    Excellent analysis Andrew, some very good information that will influence my mining stock decisions going forward.
  • @arunbhandary4024
    Great Video Andrew! Can you please let me kno the 3 scenarios for Barrick please 😁
  • @Mannykeri
    My take from this Video is: Just buy Barrick Gold and you're good. It's the best gold miner out there.
  • @SergiMedina
    Interesting as always. Not a fan of gold "investing," but I like gold and I've made some money with some commodity stocks. It's all about timing, which is difficult, besides of course the fundamentals if they're businesses and not just the commodity itself. Thanks.
  • @anderson6379
    This is SO KOOOOL! Thanks for sharing your insights 🙏
  • @user-fo9lq5oc8k
    Just subscribed. Excellent financial analysis, thanks. I would love to see the same thing for silver miners. Paas, Ag, etc. Any plans?
  • B2gold Andrew ? What you think about that miner ?? I appreciate your good work. Blessings !
  • @GLang-kq5lw
    By far AEM is the very best of all gold miners
  • @arunbhandary4024
    Hey Andrew..whats your take on SAVE, considering the massive crash!
  • @deepsudeep
    You didn't analyze the dilution at all! Its is peanuts compared to the divident
  • @DiggingNorway
    Barrick has been a lousy investment for decades. The company has diluten their shares to such an extent that the structure is broken, makes it very hard to return to previous share prices, even if gold stays high.