Thursday , 23 November 2017


These 5 Companies Generate the Most Cash/ozt. Of Gold Mined

…By investing in companies with the leanest operations investors have thegold-mining best protection in the industry against declining prices, but also benefit from the rising bullion price. [This article highlights 5] TSX gold mining companies that have the lowest All-in Sustaining Costs per troy ounce of gold mined and the highest operating margins.

The comments above & below are edited ([ ]) and abridged (…) excerpts from the original article by SmallCapPower.com

Operating margins are calculated by taking the gross profit (from the sale of gold production) and then subtracting all the indirect costs involved in production and delivery of goods, such as employee salaries…All-in Sustaining Costs (AISC) per ounce of gold includes all the operating, sustaining, and exploration costs a company incurs per ounce of gold.

The 5 companies are:

1. Centerra Gold Inc. (TSX: CG) – $7.59 Canadian
Gold

Centerra Gold Inc. is a Canada-based gold mining company focused on operating, developing, exploring and acquiring gold properties in Asia, North America and other markets across the world…

  • Market Cap: $2,120.5 million CAD
  • Operating Margin (FY0): 22.0%
  • All-in Sustaining Costs: US$682
  • Average Rating by 5 Analysts: 3.2 (Hold) on a scale of 1 to 5 where 1 represents a strong buy and 5 represents a strong sell
  • Industry Rank: 32 (out of 88 companies in its industry)

2. Torex Gold Resources Inc. (TSX: TXG) – $27.17 Canadian
Gold

Torex Gold Resources Inc. is a Canada-based resource company that…is engaged in the exploration, development and operation of the Morelos Gold Property in Mexico…

  • Market Cap: $2.2 billion CAD
  • Operating Margin (FY0): 32.3%
  • All-in Sustaining Costs: US$733
  • Average Rating by 5 Analysts: 1.4 (Strong Buy) on a scale of 1 to 5 where 1 represents a strong buy and 5 represents a strong sell
  • Industry Rank: 84 (out of 88 companies in its industry)

3. Timmins Gold Corp. (TSX: TMM; AMEX:TGD) – $0.51 Canadian
Gold

Timmins Gold Corp. is a Canada-based gold producer engaged in the operation, development, exploration and acquisition of resource properties in Mexico through its subsidiaries, Timmins Goldcorp Mexico, S.A. de C.V. and Molimentales del Noroeste, S.A. de C.V. (MdN)…

  • Market Cap: $181.7 million CAD
  • Operating Margin (FY0): 30.2%
  • All-in Sustaining Costs: US$800
  • Average Rating by 7 Analysts: 1.6 (Strong Buy) on a scale of 1 to 5 where 1 represents a strong buy and 5 represents a strong sell)
  • Industry Rank: 27 (out of 88 companies in its industry)

4. Barrick Gold Corp. (NYSE/TSX: ABX) – $26.20 Canadian
Gold

Barrick Gold Corporation (Barrick) is a gold mining company engaged principally in the production and sale of gold and copper, as well as related activities, such as exploration and mine development…

  • Market Cap: $30.1 billion CAD
  • Operating Margin (FY0): 28.3%
  • All-in Sustaining Costs: US$730
  • Average Rating by 7 Analysts: 2.1 (Moderate Buy) on a scale of 1 to 5 where 1 represents a strong buy and 5 represents a strong sell
  • Industry Rank: 65 (out of 88 companies in its industry)

5. Guyana Goldfields Inc. (TSX: GUY) – $7.12 Canadian
Gold

Guyana Goldfields Inc. is a Canada-based mineral development and exploration company focused primarily on the acquisition, exploration and development of gold deposits in Guyana, South America…

  • Market Cap: $1.2 billion CAD
  • Operating Margin (FY0): 28.3%
  • All-in Sustaining Costs: US$738
  • Average Rating by 7 Analysts: 2.0 (Moderate Buy) on a scale of 1 to 5 where 1 represents a strong buy and 5 represents a strong sell
  • Industry Rank: 53 (out of 88 companies in its industry)

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