Top 10 Gold Mining Companies to Watch 2023
Hi Aussie,
As inflation increases, manufacturing in China is reopening, and interest rates in the United States are expected to be cut in 2023, many investors are turning their attention to gold stocks.
Investing in gold stocks can be a good option for some investors, but it is important to understand the risks involved. Gold stocks tend to perform well during times of economic uncertainty, inflation, and market volatility. Gold is often seen as a safe haven investment, and investors may flock to it during times of turmoil.
However, the value of gold stocks can be affected by a variety of factors, including economic and political events, supply and demand, and market sentiment.Before making any investment decision, it is important to carefully consider the risks and potential rewards.
I would like to share with you the most popular gold mining stock to watch in 2023. Have you traded any of these stocks before?
$NEWCREST MINING LIMITED(NCM.AU)$
Newcrest Mining Limited is an Australian-based mining company that is primarily engaged in the exploration, development, mining, and sale of gold and copper. The company was founded in 1966 and has since become one of the world's largest gold mining companies, with operations in Australia, Papua New Guinea, Indonesia, and Canada.
$Northern Star Resources(NST.AU)$
Northern Star Resources operates a number of gold mines across Western Australia, including the Jundee, Kalgoorlie, Kanowna Belle, and Paulsens mines. The company also has a number of exploration projects underway in Australia, as well as in Alaska, the United States, and the Ivory Coast in West Africa.
Evolution Mining Limited is an Australian gold mining company with headquarters in Sydney, New South Wales. Evolution Mining was established in 2011 through the merger of two Australian mining companies, Catalpa Resources Limited and Conquest Mining Limited.
$Santana Minerals Ltd(SMI.AU)$
Santana Minerals Limited is an Australian mineral exploration company that is focused on exploring and developing gold and copper deposits in South America. The company is based in West Perth, Western Australia.The company is also exploring several other projects in Mexico and Chile.
St Barbara Limited is an Australian gold mining company with headquarters in Melbourne, Victoria. The company is focused on the exploration, development, and production of gold deposits in Australia, Papua New Guinea, and Canada.
Regis Resources Limited is an Australian gold mining company with headquarters in Perth, Western Australia. The company is primarily focused on the exploration, development, and production of gold deposits in Western Australia.
$Gold Road Resources Ltd(GOR.AU)$
Gold Road Resources Limited is an Australian gold exploration and development company based in West Perth, Western Australia. The company's primary focus is the exploration and development of the Gruyere gold project, a joint venture with Gold Fields Limited, located in the Yamarna Greenstone Belt of Western Australia.
De Grey Mining Limited is an Australian exploration and mining company that focuses on developing gold deposits in the Pilbara region of Western Australia. De Grey Mining Limited's main project is the Mallina Gold Project, which is located approximately 60 kilometers south-southwest of Port Hedland in Western Australia.
$RAMELIUS RESOURCES LTD(RMS.AU)$
Ramelius Resources Limited is an Australian gold mining company that operates several gold mines in Western Australia. The company was founded in 2003 and listed on the Australian Securities Exchange (ASX) in 2005. Ramelius' current mining operations include Mount Magnet, Vivien, Edna May, and Marda, as well as several exploration projects.
Red 5 Limited is a mineral exploration and mining company based in Australia. The company's primary focus is on gold mining, with a particular emphasis on developing and operating its King of the Hills gold project in Western Australia.The company also has exploration and development projects in the Philippines.
Investing in gold ETFs is another option in addition to gold mining companies. There are two types of gold ETFs available on the ASX:
- ETFs that track the price of physical gold itself.
- ETFs that cover a larger portfolio of companies in the mining and production of gold. These ETF do not rise and fall with the price of gold; they are dependent upon the performance of the group of mining companies.
Here is a list of gold ETFs that are available on the Australian Securities Exchange (ASX):
$ETFS Physical Gold(GOLD.AU)$ promises a "low-cost access to physical gold via the stock exchange" while avoiding the struggle of storage. This ETF is backed by gold held in a vault at JP Morgan Chase in London. Investors can redeem physical gold, not just the cash equivalent .
$Perth Mint Gold(PMGOLD.AU)$ tracks the international price of gold in Australian dollars. Investments are backed by gold bullion stored in the Perth Mint. Perth Mint is the only gold product on the ASX which maintains a government guarantee for holdings.
$BetaShares Gold Bullion Currency Hedged(QAU.AU)$ is an ETF that tracks the price of physical gold. It is backed by gold bullion stored in the JP Morgan chase vault in London.
$VanEck Vectors Gold Miners ETF(GDX.AU)$ is an ETF that tracks the NYSE Arca Gold Miners Index. Established in 2004, it is made up of 50 different companies involved in mining gold and silver. It is unhedged with a large focus on North America.
$BetaShares Glb Gold Miners ETF(MNRS.AU)$ is a hedged version that invests in over 50 companies engaged in gold, silver or other metal mining. It is slightly more expensive because of hedging protection.
💡Share Your Insights
Please leave a message in the comments section of this post.
- Is it a good time to invest in gold stocks?
- Have you traded any of these stocks before? If so, did you make any profits or losses?
- In regards to these stocks, which ones are you bullish or bearish on, and why?
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⏰Activity Duration
15 February 2023-22 February 2023 $Tiger Brokers(TIGR)$
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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hold some in case of a recession occurs.
then i would need to buy a safe to hold my gold and buy better locks at home.
overall sounds like a bad deal. i think better to buy gold ETFs compared to gold mining companies which are more volatile seems gold is a sort of a hedge for me.
Physical gold: This method allows you to physically own the gold, but it also comes with storage and security concerns. I had a friend who bought gold bar to proposed to her then girlfriend. It is better the diamond ring as the gold bar still retains its value.
Gold exchange-traded funds (ETFs): Gold ETFs allow investors to gain exposure to the price of gold without owning physical gold.
Gold futures and options: This method can be risky, as it requires a good understanding of the market and may involve substantial leverage.
Gold mining stocks: Gold mining companies more volatile than the price of gold itself, as they are affected by company-specific factors as well as the price of gold.
🌟🌟🌟I believe that Gold stocks is the next best thing to owning physical gold. I am looking to buy $NEWCREST MINING LIMITED(NCM.AU)$ as it is the King of Australian Gold stocks as it is the largest gold producer here with its current gold reserves representing more than 27 years of production.
Newcrest has just rejected a takeover bid by US rival $Newmont Mining(NEM)$ yesterday as Newcrest management said is worth more than the AUD 17 billion proposed. This is the 2nd takeover bid by Newmont.
Apart from producing gold, Newcrest also produces copper which is a great asset to have in the transition to green energy.
I believe that Newmont may make another offer as Newcrest is prepared to provide Newmont access to limited non public information. I am bullish on Newcrest as it has a lot of upside potential for a major windfall for investors in the future.
@Tiger_AU
Newcrest Mining also pays a dividend of 1.66%.
Technically wise, a great gap up few days ago and now closing the gap. Nothing to worry as all the ema lines are heading up! Hehe. I didn't make much profit on this stock but it's still a profit yay!
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Physical gold: This method allows you to physically own the gold, but it also comes with storage and security concerns. I had a friend who bought gold bar to proposed to her then girlfriend. It is better the diamond ring as the gold bar still retains its value.
Gold exchange-traded funds (ETFs): Gold ETFs allow investors to gain exposure to the price of gold without owning physical gold.
Gold futures and options: This method can be risky, as it requires a good understanding of the market and may involve substantial leverage.
Gold mining stocks: Gold mining companies more volatile than the price of gold itself, as they are affected by company-specific factors as well as the price of gold.