Barrick holds a 50% interest in the Veladero mine located in the San Juan Province of Argentina; 50% interest in the KCGM, a gold mine located in Australia; 95% interest in Porgera, a gold mine located in Papua New Guinea; 50% interest in the Zaldavar, a copper mine located in Chile; and 50% interest in the Jabal Sayid, a copper mine located in Saudi Arabia.
Barrick also owns gold mines and exploration properties in Africa and gold projects located in South America and North America. It also has a strategic cooperation agreement with Shandong Gold Group.
Investors receive a 3.11% dividend. BofA Securities has set its price target at $25. Barrick Gold stock has a consensus target of $21.47, and Tuesday’s close at $17.69 was down 3% on the day.
B2Gold
This is a small-cap gold stock for aggressive investors looking for sector exposure. B2Gold Corp. (NYSE: BTG) is a global, growth-oriented mid-tier gold producer whose primary assets include gold mines located in Nicaragua (La Libertad and El Limon), the Philippines (Masbate), Namibia (Otjikoto) and Mali (Fekola).
During the third quarter, the company recorded consolidated gold production of 295,723 ounces, up 19% year over year, on solid performance across three of its operating mines. B2Gold increased throughput at the Fekola mill and completed the significant waste stripping campaigns at both Fekola and Otjikoto mines. Those mines achieved record quarterly gold production in the third quarter of 2021.
B2Gold stock comes with a 4.45% dividend. BofA Securities has a $4.30 price target, and the consensus target is $5.02. Tuesday’s closing share price was $3.59.
Kinross Gold
Investors who are more aggressive may want to consider this smaller-cap mining company. Kinross Gold Corp. (NYSE: KGC) engages in the acquisition, exploration and development of gold properties principally in Canada, the United States, the Russian Federation, Brazil, Chile, Ghana and Mauritania.
The company is also involved in the extraction and processing of gold-containing ores, reclamation of gold mining properties and the production and sale of silver.
The Toronto-based miner announced this week that it has sold all of its Russian assets to Highland Gold Mining, one of the largest gold miners in Russia, for $340 million in cash. The previously announced price was $680 million. “The transaction consideration was adjusted by the parties following review by the recently formed Russian Sub-commission on the Control of Foreign Investments,” Kinross said.
The dividend yield here is 2.91%. The $4.70 BofA Securities price target is less than the $5.18 consensus target. Kinross Gold stock closed on Tuesday at $4.15.
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