Introduction

The best time to invest is often when sentiment is at its lowest, and sentiment around gold and silver equities is pretty low right now but history tells us that this could be the perfect time to buy.

6 Largest Gold Mining Companies Portfolio

To help you determine which precious metal equities to consider investing in our portfolio of the 6 largest ($+10B) stocks by market capitalization that trade on Canadian and/or American stock exchanges they are highlighted below with their performances for the w/e Sept 6th, in descending order, the month of August and YTD, along with their market capitalizations and company profile.

1. Gold Fields (GFI): DOWN 2.4% last week;  DOWN 15.4% in August; DOWN 7.7% YTD​
   • Profile: operates as a gold producer in Chile, South Africa, Ghana, Canada, Australia, and Peru and also explores for copper and silver deposits.
     • Mkt. Cap: $12.0B
2. AngloGold Ashanti (AU): DOWN 3.9% last week; UP 11.0% in August; UP 52.6% YTD
   • Profile: primarily explores for gold in Africa, Australia, and the Americas (as well as produces silver and sulphuric acid as by-products) with its flagship property located in the Lake Victoria gold fields of the Mwanza region in north-western Tanzania.
   • Mkt. Cap: $11.9B
3. Agnico Eagle Mines (AEM): DOWN 5.6% last week; UP 7.3% in August; UP 40.2% YTD
   • ​​​​​​​Profile: explores, develops, and produces gold with mines in Canada, Australia, Finland and Mexico and exploration and development activities in Canada, Australia, Europe, Latin America, and the United States.
   • Mkt. Cap: $38.4B
4. Barrick Gold (GOLD): DOWN 5.9% last week; UP 10.8% in August; UP 5.0% YTD
   • ​​​​​​​Profile: engages in the exploration, mine development, and production of gold and copper properties (also explores and sells silver and energy materials) with producing gold mines located in Argentina, Canada, Côte d’Ivoire, the Democratic Republic of Congo, the Dominican Republic, Mali, Tanzania, and the United States.
   • Mkt. Cap: $33.3B​​​​​​​
5. ​​​​​​​Kinross Gold (KGC): DOWN 7.9% last week;  UP 1.0% in August; UP 37.7% YTD​​​​​​​
   • ​​​​​​​Profile: engages in the acquisition, exploration, and development of gold properties principally in the United States, Brazil, Chile, Canada, and Mauritania.
   • Mkt. Cap: $10.2B
6. Freeport-McMoran (FCX): DOWN x% last week;  DOWN 1.7% in August; UP 4.4% YTD
   • ​​​​​​​Profile: engages in the exploration and mining of copper, gold, molybdenum, silver, and other metals in the USA, Indonesia, Peru and Chile North America, South America, and Indonesia.
   • Mkt. Cap: $57.5B​​​​​​​

Summary

The Portfolio, with an average market cap of $29.3B, was DOWN 6.2% last week, UP 3.8% in August and is now UP 20.4% YTD.

The Van Eck Gold Miners ETF (GDX​​​​​​​), which consists of 60 constituents with an average market capitalization of $23.6B, and has an expense ratio of 0.51%, went DOWN 6.0% w/e Sept. 6th, went UP 4.0% in August and is now UP 17.1% YTD.

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