Gold and Silver Publicly Traded Mining Companies

Within the vast mining sector, numerous companies are engaged in the exploration and extraction of both precious and base metals and minerals. Some companies delve into the realm of energy commodities, such as coal and petroleum.

These resources play a pivotal role in the creation of a wide array of industrial products, capital goods, and consumer items, ranging from machinery, computers, and clothing to buildings and automobiles. Additionally, certain firms in this industry are even involved in the production of agricultural commodities.

Mining is a truly global industry, with several of the largest companies headquartered in key regions worldwide. China, boasting the status of the world’s second-largest economy, hosts five of these industry giants. Meanwhile, other prominent mining names hail from countries such as the United Kingdom, Switzerland, Australia, and Brazil.

Here’s a list of five most substantial Gold and Silver publicly traded mining companies. It’s worth noting that some companies outside the United States report profits semi-annually rather than quarterly, which might render their data slightly older compared to firms following quarterly reporting standards.

5 Gold and Silver Publicly Traded Mining Companies

Kinross Gold

Kinross Gold, a Canadian-based mining company, operates in various regions including the United States, Brazil, Chile, Ghana, Mauritania, and Russia. Their annual production totals approximately 2.5 million ounces of gold equivalent. The majority of their output, over half, is derived from the Americas, with a significant portion concentrated in three mines, comprising 61% of the total.

Kinross Gold has consistently achieved its production targets for the past eight years. Despite anticipating a slight reduction in output to 2.4 million ounces this year, accompanied by decreased costs, the company has opted to withdraw its guidance due to the uncertain impact of the coronavirus, even though it has not yet experienced any disruptions.

Newmont

Newmont, the world’s largest publicly-traded gold mining company, boasts an impressive production record of 6.3 million ounces in 2019. What sets it apart is its truly global footprint, with operational mines spanning across Africa, Australia, North America, and South America. Furthermore, Newmont diversifies its portfolio by extracting substantial quantities of silver, copper, zinc, and lead.

While production was initially expected to remain relatively steady in 2020, guidance was subsequently withdrawn due to the unforeseen impact of the coronavirus. Nonetheless, the company maintains aspirations of achieving an annual production range of 6.2 million to 6.7 million ounces between 2021 and 2024. Notably, Newmont’s strategic focus lies in optimizing costs (with an all-in sustaining cost, or AISC, of $966 per ounce in 2019) rather than aggressively expanding output.

In addition to its production plans, Newmont has committed to increasing its dividend payouts, which are distributed quarterly, in 2020. These dividends could potentially receive further support from the company’s ambitious goal of generating $1.4 billion through asset sales in the current year.

Newmont achieved a remarkable milestone in 2019 by reporting a record-high gold reserve exceeding 100 million ounces, marking a substantial increase from the 65.4 million ounces held just a year earlier. This impressive growth can be attributed to the acquisition of Goldcorp and the establishment of a joint venture with Barrick Gold, forming the Nevada Gold Mines partnership.

Polymetal International

Polymetal International stands as a prominent gold and silver producer with operations primarily located in Russia, supplemented by activities in Kazakhstan. The company operates nine active mines that have consistently exhibited growth over the past half-decade, currently yielding an annual output of approximately 1.6 million ounces of gold equivalent. Furthermore, Polymetal International has several upcoming growth initiatives in its portfolio.

A notable characteristic of Polymetal International is its dividend policy, which involves distributing 50% of underlying earnings as dividends. These dividends have displayed consistent growth over time, and the company is also recognized for its occasional special distributions to shareholders.

Centamin

Centamin is a prominent gold mining company that operates its flagship Sukari gold mine located in Egypt, which commenced operations in 2009 and has since evolved into a formidable producer, yielding approximately 500,000 ounces of gold annually. The Sukari mine boasts substantial gold reserves amounting to 7.3 million ounces, enabling it to maintain its present production levels for a minimum of 15 years. Furthermore, Centamin envisions the possibility of extending its operational capacity even further. The company has also embarked on exploration activities to uncover additional resources in regions such as the Ivory Coast and Burkina Faso.

In 2019, Sukari recorded a 2% increase in production compared to the previous year, reaching 480,529 ounces. Projections indicate that production is set to continue its upward trajectory, with estimates ranging from 510,000 to 540,000 ounces for the year 2020.

Significant changes transpired in senior management during the preceding year, most notably the appointment of the new Chief Executive Officer (CEO), Martin Horgan.

Horgan co-founded Toro Gold, a company that successfully developed the Mako Gold mine in Senegal before its acquisition by Resolute Mining in August 2019. The newly appointed CEO has already articulated his vision to steer Centamin away from its heavy reliance on the Sukari mine, with aspirations to transform the company into a diversified and dynamic ‘multi-asset gold producer.’

Agnico Eagle Mines

In 2022, Agnico Eagle Mines secured the third position on the list of top 10 gold companies by producing a remarkable 97.5 million metric tons (MT) of gold. This Canadian mining company boasts an impressive portfolio of 11 operational mines across Canada, Australia, Finland, and Mexico.

Notably, Agnico Eagle Mines holds full ownership of two of the world’s premier gold-producing mines: the Canadian Malartic mine in Quebec and the Detour Lake mine in Ontario. These assets were acquired from Yamana Gold in early 2023.

Agnico Eagle Mines achieved a historic milestone in 2022, achieving record-breaking annual gold production. Additionally, they bolstered their gold mineral reserves, experiencing a notable 9% increase to a total of 48.7 million ounces of gold (equivalent to 1.19 million metric tons) with an impressive average grade of 1.28 grams per metric ton of gold.

Looking ahead to 2023, Agnico Eagle Mines has ambitious production projections, aiming to yield between 3.24 million and 3.44 million ounces (equivalent to 91.8 to 97.5 metric tons) of gold.

With their forthcoming expansion initiatives in mind, the company is forecasting even higher production levels of 3.4 million to 3.6 million ounces (approximately 96.4 to 102.05 metric tons) by 2025.

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