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Largest Gold Companies
There are different methods by which gold mining companies are ranked. One is by their annual production. Another is by their cash cost per ounce, that is, how much money it costs them to mine the gold. Since gold prices are the same everywhere, companies with lower costs per ounce make more profit. The most common method lists by market capitalization which considers the total value of capital holdings by that company. Also considered when comparing companies is their market capitalization per ounce of gold equivalent (sometimes abbreviated MV-GEO, EVO if the enterprise value is used) which takes the market value and total reserves and resources for each company as well as the price of gold into consideration. The figures for each company can be used to determine the value the stock market gives to each company's reserves on an ounce to ounce basis. If the calculation is to exclude financial assets the enterprise value is used instead of market capitalization. EVO = Enterprise ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
AngloGold Ashanti
AngloGold Ashanti Limited is a global gold mining company. It was formed in 2004 by the merger of AngloGold and the Ashanti Goldfields Corporation. It is now a global gold producer with 21 operations on four continents. The company is listed on the New York, Johannesburg, Accra, London and Australian stock exchanges, as well as the Paris and Brussels bourses. In 2008, AngloGold produced 4.98 million ounces of gold from its operations, estimated to be seven percent of the global production. In 2009, the company's gold output dropped to 4.6 million ounces. As of the third quarter of 2014, Anglogold was the world's third-largest producer of gold, behind Barrick Gold and Newmont Mining. The company is claimed to be the 'most sophisticated and technologically advanced' mining operations with strict adherence to safety regulations. History AngloGold Ashanti was formed on 26 April 2004, after the High Court of Ghana approved the merger of AngloGold and the Ashanti Goldfie ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Agnico-Eagle Mines
Agnico Eagle Mines Limited is a Canadian-based gold producer with operations in Canada, Finland and Mexico and exploration and development activities extending to the United States. Agnico Eagle has full exposure to higher gold prices consistent with its policy of no-forward gold sales. As of 2017, it has paid a cash dividend every year since 1983. History In 1953, five struggling mining companies joined together to become Cobalt Consolidated Mining, which would last until 1957, when the company changed its name to Agnico Mines. "Agnico" is derived from the periodic table of elements using the symbols for silver (Ag), nickel (Ni) and cobalt (Co). In 1963, visionary Paul Penna became the president of Agnico Mines, and he eventually oversaw the merger of Agnico Mines with Eagle Mines Ltd, a successful gold exploration company, enabling the development of Eagle's Joutel mining complex. The newly formed company became Agnico Eagle Mines Limited. In 1974, the Joutel mine went into ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alamos Gold
Alamos Gold ("Alamos") is a Canadian multinational gold producer, headquartered in Toronto, Canada. Alamos operates three mines across North America, and has six further projects in development. Alamos Gold is engaged in the mining and extraction of, and exploration for, precious metals, primarily gold. Alamos owns and operates three mines, including the Young-Davidson Mine and the Island Gold Mine in Ontario, Canada and the Mulatos Mine in Sonora, Mexico. In 2019, the Young-Davidson mine produced 188,000 ounces of gold, the Island Gold mine produced 150,400 ounces of gold, and Mulatos mine produced 142,000 ounces of gold. In addition, the former El Chanate mine in Sonora, Mexico produced 14,100 ounces of gold. Alamos' total gold production in 2019 was 494,500 ounces. Alamos also owns several development-stage projects: the Lynn Lake Gold Project in Lynn Lake, Manitoba, the Kirazlı, the Ağı Dağı, and Çamyurt Projects in the Biga district of northwestern Turkey, the Esper ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Red Back Mining
Red Back Mining Inc. is an unhedged Vancouver based mineral resource company. Its focus is West Africa where it operates the Chirano Gold Project in Ghana and the Tasiast Gold Mine in Mauritania. It has one division, Red Back Mining NL, based in Perth, Australia. While independent it was considered one of Canada's Largest gold companies with a market capitalization of $ 5.8 billion or 3/4 as much as the 10th largest gold mining company in the world however at the time its key mines hadn't yet reached full potential or critical mass. In May 2010, there was an announcement of a private placement in which one of the world's largest gold mining companies Kinross Gold will purchase 9.4% of Red Back's outstanding shares. When the deal is completed Kinross will be the company's largest shareholder next to Fidelity Management which currently owns 6%. On August 3, 2010 an announcement was made by Kinross offering to merge Red Back into Kinross with Kinross paying $7.1 billion for a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New Gold
New Gold Inc. is a Canadian mining company that owns and operates the New Afton gold-silver-copper mine in British Columbia and the Rainy River gold-silver mine in Ontario, Canada. Through a Mexican subsidiary company, they also own the Cerro San Pedro gold-silver mine in San Luis Potosí, Mexico, which ceased operation in 2017. While New Gold was founded in 1980 for the purposes of mineral exploration, the company became a mine operator with its merger of Peak Gold and Metallica Resources in 2008. A fourth company, Western Goldfields, joined in 2009. Together they operated the Peak mine in Australia and Mesquite Mine in California but sold both in 2018. Headquartered in Toronto, shares of the company are traded on the Toronto Stock Exchange and NYSE American. Operating mines As of 2020, New Gold operates two mines: * New Afton - The New Afton gold-silver-copper mine is an underground (block cave) mine located within the footprint of the Afton mine, 10 km west of Kamloops, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dollar
Dollar is the name of more than 20 currencies. They include the Australian dollar, Brunei dollar, Canadian dollar, Hong Kong dollar, Jamaican dollar, Liberian dollar, Namibian dollar, New Taiwan dollar, New Zealand dollar, Singapore dollar, United States dollar, Trinidad and Tobago Dollar and several others. The symbol for most of those currencies is the dollar sign $ in the same way as many countries using peso currencies. Economies that use a "dollar" Other territories that use a "dollar" * : Eastern Caribbean dollar * (Netherlands): US dollar * : US dollar (alongside the pound sterling) * : US dollar * : Eastern Caribbean dollar * (Netherlands): US dollar * (France): Canadian dollar (alongside the euro) * (Netherlands): US dollar * : US dollar Countries unofficially accepting "dollars" * Afghanistan: US dollar * Argentina: US dollar * Bolivia: US dollar * Cambodia: US dollar * Cuba: US dollar * Guatemala: US dollar * Lebanon: US dollar * Macau: Hong Kong d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ivanhoe Mines
Ivanhoe Mines is a Canadian mining company focused on advancing its three principal projects in Southern Africa: the development of new mines at the Kamoa-Kakula copper discoveries in the Democratic Republic of Congo (DRC), the Platreef palladium-platinum-nickel-copper-rhodium-gold discovery in South Africa, and the extensive redevelopment and upgrading of the historic Kipushi zinc-copper-germanium-silver mine, also in the DRC. Ivanhoe also is exploring for new copper discoveries on its wholly owned Western Foreland exploration licences in the DRC, near the Kamoa-Kakula Project. History In October 2012, the company held an IPO on the Toronto Stock Exchange, raising $300 million, and valuing the company at $2.5 billion. In August 2013 the company changed its name to Ivanhoe Mines, taking advantage of Friedland's right to that name. In 2015, Ivanhoe sold half of its interest in the Kamoa copper project to Zijin Mining Group, a Chinese mining company, for US$412 million. In Apri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kerr Sulphurets Mitchell
Kerr-Sulphurets-Mitchell (KSM) is an active mine exploration project 65 km northwest of Stewart, British Columbia (1,545 km northwest of Vancouver, British Columbia). The property is 100% owned by Toronto-based Seabridge Gold. Denver-based royalty company Royal Gold owns a 2% net smelter return royalty on the mine. Since May 2011, the project has also been called Kerr-Sulphurets-Mitchell-Iron Cap due to the addition of significant reserves from the Iron Cap region. When operational it will feature three open-pit mines, a processing plant and a tailings facility. It is the largest undeveloped gold deposit in Canada and one of the world's biggest copper-gold porphyry deposits. Though 2P reserves are significant (39 million ounces of gold, 214 million ounces of silver, 9.9 billion pounds of copper and 257 million pounds of molybdenum) they only represent about 65% of the mine's total resource of each metal. The mines have a 52-year mine life (up from the 37 year estimate i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Goldcorp
Goldcorp Inc. was a gold production company headquartered in Vancouver, British Columbia, Canada. The company employed about 15,800 people worldwide, engaged in gold mining and related activities including exploration, extraction, processing and reclamation. Goldcorp’s operating assets included four mines in Canada, two mines in Mexico, and four in Central America, Central and South America. As of the third quarter of 2014, Goldcorp was the Largest gold companies, world's fourth-largest producer of gold. On January 14, 2019, Goldcorp agreed to a merger acquisition by Newmont Mining Corporation, the world’s second-largest producer of gold, with the merged “Newmont Goldcorp” to be the world’s largest producer. In June 2016, Goldcorp was named one of Corporate Knights magazine's Best 50 Corporate Citizens in Canada. In the same year, the company was also ranked among Canada's Top 100 Employers. Goldcorp has repeatedly been accused of harming the environment, livestock, and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
