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.
The company also owns gold mines and exploration properties in Africa and gold projects located in South and North America. It also has a strategic cooperation agreement with Shandong Gold Group.
Investors receive a 2.80% dividend yield. BofA Securities has a $27 price target, and the consensus target for Barrick Gold stock is $22.10. On Monday, shares closed at $19.37.
B2Gold
This is a small-cap gold stock for investors who are more aggressive and looking for sector exposure. B2Gold Corp. (NYSE: BTG) operates as a gold producer with three operating mines: the Fekola Mine in Mali, the Masbate Mine in the Philippines and the Otjikoto Mine in Namibia.
The company also has a 25% interest in Calibre Mining and approximately 19% interest in BeMetals. In addition, it has a portfolio of other evaluation and exploration assets in Mali, Uzbekistan and Finland.
B2Gold expects 2023 total gold production guidance between 10,00,000 and 10,80,000 ounces, which includes 60,000 to 70,000 attributable ounces from Calibre. Total consolidated cash operating costs are projected between $670 and $730 per ounce. Total consolidated AISC is anticipated between $1,195 and $1,255 per ounce.
B2Gold stock comes with a 3.73% dividend. The $4.80 BofA Securities price target compares with a $5.87 consensus target and the most recent close at $4.21.
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 recently 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, half of the previously announced price. “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 2.25%. The price target at TD Securities is $6, while the consensus target is $5.53. Kinross Gold stock closed at $5.16 on Monday.
Newmont
This is one of the largest mining companies and a solid buy for investors who are more conservative. Newmont Corp. (NYSE: NEM) is engaged in the production of gold.
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