AMERIGO RESOURCES $2.71 (Toronto symbol ARG; SI Rating: Speculative) (604-681-2802; www.amerigoresources.com; Shares outstanding: 94.5 million; Market cap: $256.2 million) has a contract with Codelco, Chile’s state-owned copper producer, to process the tailings from El Teniente, the world’s largest underground copper mine. Tailings are the waste rock produced in the mining process. The contract runs at least through 2021. Amerigo has …read more »
NEWMONT MINING $39 (New York symbol NEM; SI Rating: Average) is one of the largest gold producers in the world with major operations in the United States, Canada, Peru, Australia, Indonesia and Ghana. It also produces other metals, including copper, silver and zinc. The company expects to produce around 7 million ounces of gold this year.
Like most mining companies, Newmont …read more »
SHORE GOLD $5.86 (Toronto symbol SGF; SI Rating: Start-up) (306-664-2202; www.shoregold.com; Shares outstanding: 177.2 million; Market cap: $1.0 billion) owns 100% of the Star diamond project in the Fort a la Corne area of northern Saskatchewan, an area that hosts one of the most extensive kimberlite fields in the world. The Star project contains a diamond-bearing kimberlite, estimated in the …read more »
GABRIEL RESOURCES $4.88 (Toronto symbol GBU; SI Rating: Speculative) (416- 955-9200; www.gabrielresources.com; Shares outstanding: 210.9 million; Market cap: $1.0 billion) reached a new high of $5.45 recently after it received the official list of questions from the Romanian Ministry of Environment and Water Management relating to its proposed Rosia Montana gold project. In keeping with the process prescribed by Romanian …read more »
NEWMONT MINING $45 (New York symbol NEM; SI Rating: Average) is the largest gold producer in the world with mines on five continents. North America and Australia account for about 70% of its annual production. It also mines copper and other base metals. The company expects to produce around 7 million ounces of gold this year.
Newmont earned $236 million in …read more »
EUROPEAN GOLDFIELDS $5.09 (Toronto symbol EGU; SI Rating: Speculative) (44 (20) 7408 9534; www.egoldfields.com; Shares outstanding: 114.8 million; Market cap: $584.3 million) owns mineral properties in Greece and Romania. The company is headquartered in the UK.
European Goldfields holds a 65% interest in Hellas Gold, which owns three gold and base metal deposits in Northern Greece. The deposits are the Stratoni …read more »
CENTERRA GOLD $14.50 (Toronto symbol CG; SI Rating: Speculative) (416-204-1953; www.centerragold.com; Shares outstanding: 216.2 million; Market cap: $3.1 billion) owns 100% of the large Kumtor gold mine in Central Asia and 95% of the Boroo gold mine in Mongolia. Cameco Corp. owns 53% of Centerra. The two mines have proven reserves of over 6.2 million ounces of gold.
Centerra’s share of …read more »
Gold stocks are investments in companies that mine or explore for gold. Gold is often viewed as a safe investment, so prices of these stocks will often increase in response to political or economic worries, which raise the price of gold. Instead of buying gold directly, Pat McKeough feels the best way to invest in gold is to buy the stocks of high-quality gold-mining companies.
Our free report reveals how you can increase your profits — and cut your risk — in gold investing: Gold Investing: 7 Profitable Strategies for Investing in Canadian Gold Stocks
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