Video: Gold Stocks That are Attractive from a Valuation Perspective
| September 5th, 2023 |
- The US faces numerous economic problems, from the credit rating downgrade to ballooning debt and an aging population.
- Central banks have significantly increased their gold purchases, with a 152% year-over-year increase in 2022, primarily driven by countries like China and Russia seeking to move away from the US dollar.
- Gold has been a historically stable value asset, now being one of the only options now that Treasuries are falling out of favor internationally hinting at its potential to reach unprecedented price levels.
Buy2Gold (BTG) – Cash-Rich Expansion into Greenfield Areas:
Globalized gold-mining company, operating several low-cost mines and several exploratory digs on almost every continent. BTG expects to output 1,000koz in FY23, averaging an AISC of $1195-$1255/oz.
Newmont Corporation (NEM) – Expanding into Copper from a Mature Position in Gold:
the #1 gold producer globally, outputting 6Moz of Gold per year, 35Moz of silver, and various other byproduct metals, including zinc and lead.
Barrick Gold (GOLD) – Fortress Balance Sheet, Expanding in Copper:
gold and copper producer operating primarily in North America and Africa. Barrick has 4.4Moz of Gold per year in output, with significant expansion into copper.
Gold Fields International (GFI) – Long Delays Finally Over:
South African gold mining company, with 2.3Moz in Gold equivalent production per year, and a $1300/oz in AISC.
