9 BIGGEST and BEST GOLD STOCKS to own in 2024

These are 9 of the biggest and very best gold companies to own in 2024.

So, you’re interested in the potential of gold and want to invest in gold stocks? You’ve got a few options. One common choice is to buy an ETF, which provides diversification but comes with management fees and might include both good and not-so-good companies in the mix.

Another option is to go for a managed mutual fund, but you’ll have to pay a 2% annual fee for that privilege. Or, you can take matters into your own hands by evenly distributing your money among these nine gold companies, effectively creating your own ETF with no management fees and consisting solely of top-tier companies.

Let’s dive into the first company on my list, Agnico Eagle Mines. This company boasts a long history of excellence in tier one mining jurisdictions like Canada, Finland, and Australia, which sets them apart from many competitors operating in less stable regions. They also have an impressive track record of paying dividends, even during bear markets, a rarity in the gold mining industry. However, it’s important to note that while they’ve done well controlling costs, expenses have been on the rise, and their stock is not cheap. As always, the gold sector carries inherent risks, so thorough research is essential before investing.

Next up is B2Gold, a company known for not only performing well but also being a good corporate citizen. Their operations in challenging locations like Mali have showcased their commitment to responsible mining. They’re also one of the industry’s top dividend payers and maintain a strong balance sheet. However, a significant portion of their production comes from Mali, which isn’t the most politically stable jurisdiction.

Moving on to Barrick Gold, the second-largest gold producer globally, with significant copper exposure. Led by CEO Mark Bristow, widely regarded as the best in the business, Barrick boasts top-tier assets and an impressive development pipeline. They also maintain a strong balance sheet. However, the company faces risks due to the unstable jurisdictions of many of their assets and a significant increase in production costs over the last five years.

Pan American Silver, despite its name, derives the majority of its revenue from gold. Led by mining entrepreneur Ross Beaty, the company is known for effective operations. Their stock price has recently faced challenges but has the potential for significant growth if they gain government approvals for mines in Guatemala and Argentina, which could double their silver production. However, their operations in Mexico and Peru, which have seen unfriendly mining policies recently, pose risks.

Osisko Gold Royalties is a royalty company with low costs and significant margins. They own arguably the world’s best gold royalty. However, the sudden ousting of their CEO without explanation raises concerns. Additionally, their sizable exposure to development companies like Osisko Mining and Osisko Development might not align with investors seeking the safety of a royalty company.

Franco Nevada, the largest of the gold royalty companies, is known for its smart capital allocation and diversification. It boasts low operating costs, robust margins, a solid balance sheet, and continually expanding assets. However, its quality comes at a price, as the stock isn’t cheap.

Wheaton Precious Metals, another major streaming company, maintains a strong track record of capital allocation decisions. Their share price steadily climbs due to growing revenues and intelligent reinvestment. They offer high and predictable margins and cash flow. Like Franco Nevada, Wheaton Precious Metals commands a premium due to its quality.

Royal Gold, one of the big three royalty and streaming companies, possesses excellent assets and management. Their stock consistently performs well over time and maintains low costs. However, similar to the others on this list, it doesn’t come cheap due to its high-quality reputation.

Lastly, we have Sandstorm Gold, which stands out as one of the top mid-tier royalty companies. They’ve acquired excellent assets, continuously replenishing their gold reserves. Low costs, great margins, and a promising development pipeline add to their appeal. However, recent decisions by the CEO and the company’s increased debt levels pose some risks.

These nine gold companies offer unique advantages and come with their own set of risks. Remember that the gold sector carries inherent uncertainties, so it’s crucial to conduct thorough research and consider your investment goals and risk tolerance before making any decisions.

Thanks for watching!

0:00 – Gold investing options
0:40 – One of the best gold producers
1:50 – Great dividend payer
2:32 – Best CEO
3:36 – Best silver company
4:38 – Cheapest mid-tier royalty company
5:44 – The biggest and best
6:16 – Best streaming company
6:58 – One of the big three
7:43 – My favorite mid-tier royalty company

#gold #goldstocks #investingtips

Hey, I’m Jordan from MiningStockMonkey.com, and after nearly two decades of investing in this sector, these are what I consider nine of the very best gold companies. So let’s say I like the outlook for gold, and I want to invest in some gold stocks.

A few options I have would be to buy an ETF. But buying an ETF, you’re paying a management fee to own a bunch of crappy companies mixed in with the good companies. So if you don’t want to own the crappy companies, well, then you could buy a managed mutual fund, but

Then you’re paying 2% a year for that. Or I could split my money evenly between these nine companies and create my own ETF with no fee whatsoever that consists of only great companies. The first company on my list is Agnico Eagle Mines. So this company has a really long track

Record of being a great operator in tier one jurisdictions, and they have tier one assets. So they operate in Canada, in Finland, in Australia. So that’s one big appeal to a lot of investors, because a lot of the companies with tier one assets have them in places like the Congo, for example.

Agnico Eagle also has a long history of paying dividends, and they’ve even paid dividends through the deepest of the bear markets, which is unheard of for a gold producer. After a few mergers and acquisitions, they’ve quickly grown to become the third largest gold mining company in the world.

And like most of the companies on this list, they have a very strong balance sheet. But with each company on this list, I’m not only going to give you the perks of that company or the good things about it, but also the risks. One of the risks is that although they have

Done a great job keeping costs under control, costs have been going up, but also because they have such a great track record and have awesome minds in tier one jurisdictions, the company is not cheap. And as always, you should know that the sector comes with a lot of risk, and you should

Always do your own research before investing. The next great gold mining company is B. Two gold. They also have a long track record of operating very well and also doing what they say they’re going to do, not only what they tell investors they’re going to do, but also what they tell

The host countries that they’re going to do. They’ve been good corporate citizens, and that has allowed them to continue operating in what are often difficult to operate, places like Mali, for example. They’re also one of the best dividend payers in the industry, and they have a very strong balance sheet.

One big risk with this company is that a significant portion of their production comes from Mali, which is not the most stable political jurisdiction. The next great company is Barrick Gold. This is the second largest gold producer in the world, but they also have significant exposure to copper as well.

So the CEO of Barrick, Mark Bristow, is arguably the best CEO in the industry. He took over Barrick a few years back after a merger between Barrick and Rangold before he was running Rangold. Barrick probably has the best tier one assets of any producer and also the very best development pipeline.

And in addition to that, they have a strong balance sheet. So what are the risks with Barrick? Well, one is that a lot of their assets are in pretty unstable jurisdictions. Number two, their costs have gone up a lot in the last five years. Their all in sustaining cost to produce 1oz

Of gold has gone from about $800 an ounce to about one $300 an ounce. So usually having great assets allows you to keep costs reasonably low. But their costs have gone up a lot, so that’s a big concern. Hey, if you’re liking this video, could you please

Hit that like button and subscribe to the channel? Because it lets YouTube know that you want to see more videos like this one. The next company is Pan American Silver. So although it has silver in the name, most of their revenue comes from gold. I think it’s something like 80%.

So they have proven to be a really good operator. And the guy behind this company is Ross Beaty, who’s one of the most successful mining entrepreneurs in the world. And he still owns a significant stake in the company. So it’s always nice to have that really smart, successful

Guy who’s still involved in the company like that. And something great about Pan American Silver is the stock price has really gotten beat up recently. But in addition to that, it has a couple big potential catalysts that could really rocket the stock price. They have a big mine in Guatemala

And another big silver mine in Argentina. And with both of them, they’re trying to work with the government to get the go ahead for those mines. And if either one of those gets into production, it’s going to double their silver production. So what are the risks with Pan American silver?

Well, a lot of their operations are in Mexico and Peru, which haven’t been the most friendly mining jurisdictions recently. Next is Osisko Gold Royalties. Because they’re a royalty company, they have very low costs and huge margins. And they’re also the owner of what’s arguably the world’s best gold royalty.

And based on the sum of the parts, they’re probably the cheapest mid tier royalty or streaming company. So what are the risks with Osisko Gold royalties? Well, number one is that they had a great CEO, and recently he was ousted for no apparent reason, no reason given. Just one day they let him

Go seek other employment opportunities. So that was really weird and a big concern. And secondly, they have $250,000,000 in shares in development companies in Osisko Mining and Osisko Development. And if you’re going to invest in a royalty company. I don’t know. For me, I don’t want all that exposure to a development company.

I’m buying the royalty company because it’s safe and it’s great business model. So for those reasons, it’s a little bit questionable, but it is cheap on the sum of the parts bases. The next great company is Franco Nevada. This is the biggest of the gold royalty

Companies and they have a really long history of super smart allocation of capital. They’re very diversified, they have absurdly low operating costs and enormous margins. They have a rock solid balance sheet and their great assets keep getting bigger. But what’s the risk here? Well, because it’s such a great

Company, it is not cheap. By the way, if you’d like to know what I’m personally doing with my own money, go to miningstockmonkey.com and sign up for my free newsletter. Next is wheat and precious metals. I really love this company. It’s the biggest of the streaming companies.

Now they’re not as diversified as Franco Nevada, for example, but they still have a lot of diversification, really smart management, who have a long history of making lots of good capital allocation decisions. So you really love to see that. And over time, the share price is just

Like that, going up pretty steadily because their revenues keep growing, their profits keep growing, and they keep reinvesting that money very intelligently. In addition to that, they have a rock solid balance sheet and also they have super high and very predictable margins and cash flow. So what’s the risk here?

Well, like Franco Nevada. It’s not cheap. Next is Royal Gold. Similar to the last two. This is one of the big three royalty and streaming companies. They have great assets, they have great management, they have a long history of a really strong performing stock that just goes like that over time.

They also have really low costs and good assets that just keep growing. But what’s the risk here? Well, like the others, it’s just not cheap. These are really high quality companies and investors know that. So investors are willing to pay a little bit of a premium to get a top quality company.

By the way, before I get to the last one on this list, there’s a lot of smaller companies that I really like as well. However, to make it on this list, it had to have a market cap of at least a billion dollars.

But let me know in the comments if you would like to see a video like this, but with smaller companies. Next is Sandstorm Gold, which is probably my favorite of the mid tier royalty companies. They have bought a lot of good assets over time that year after year

They keep replacing everything that’s been mined. So despite getting revenue every year, their attributable gold ounces that are still in the ground keep growing. So that’s always great to see. They have really low cost, great margins because they’re a royalty company. And something else I really like about Sandstorm

Is they have a great development pipeline. So what are the risks for Sandstorm? Well, the CEO, he’s made a lot of good decisions over the history of the company buying great assets. However, not too long ago, he did something that a lot of investors didn’t like for good reason.

He was buying back stock with the company’s earnings. And then he ended up issuing stock at a lower price. So that wasn’t good. And also, after a big acquisition recently, the company has quite a bit of debt. Now personally, I’m not too concerned about this.

I think they’re going to be able to pay it down without a big risk to the company. But that is a risk. Next, watch this video to learn why the gold and silver royalty companies make for such great investments.