About the Company
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 Value/Ounce (gold equivalent) = Enterprise Value divided by resources. The enterprise value is the difference between a company's market capitalization (product of the number of company shares and listed stock price) and its cash, investments less debt (amortization). Three of the 10 largest companies by market cap that engage in gold mining, Fresnillo, Buenaventura and Freeport-McMoran (copper/molybdenum) are not included in the first list because they are minor gold producers/most of their revenue comes from a metal other than gold (Fresnillo and Buenaventura rely more on silver, in some lists silver production is treated as gold production, converted to gold equivalent using the gold to silver price ratio; McMoran produced 32.375 tonnes of gold in 2013 (up 32% after falling by 31% in 2012) but gold accounted for only 8% of revenue (down from 10%).World gold production in 2008 declined by 50 tonnes despite a strong showing in market price. Total production cash costs were up 4.1% industrywide in the third quarter of 2010 to US$585 per ounce of gold mined. The lower price of gold in 2013 is expected to impact gold production in the coming years; Barrick Gold is slowing construction at one of its largest gold projects Pascua Lama (18 m ounces of gold, 676 m ounces of silver) while in Australia mines are being shuttered by companies in an attempt to curb costs.In 2016, five of the world's 10 largest producing regions recorded growth in output, they are: China (450 tons +5), Russia (250 +8 tons), USA (209 tons +9), Canada (170 tons +10), Mexico (125 tons +5) and Indonesia (100 tons +25); In 2015 only Australia, Peru, Mexico, Uzbekistan and Indonesia produced more than the year before. In 2013, nine of the world's 14 major producing regions recorded growth in output, they are: Australia, Brazil, Canada, Chile, China, Indonesia, Mexico, Papua New Guinea and Russia; In 2012 only Canada, China, Ghana, Mexico, Peru and Russia produced more than the year before. In 2013, the world's five leading gold producers, in order of total production were China (420 tons +17), Australia (250 tons +5), US (227 tons -8), Russia (218 tons +2), South Africa (145 tons -15). In 2011, all of the world's 14 major producing countries recorded growth in output except for Peru, Indonesia and Brazil (global primary production up 5.5%); list was led by China (355 tons), Australia (270 tons), USA (237 tons), Russia (200 tons), South Africa (190 tons). South Africa's drop in output (down 10% from 2010 to 2012) is not a result of resource depletion but rather high production costs.
Employees
3
Exchange
NEW YORK STOCK EXCHANGE INC.
Fundamental Data and Insider Transactions (Quarterly data) Full Screen
Loading the fundamentals chart...
Latest $AGAC News
Investors move to withdraw $368 million from Dermot Desmond-backed gold firm
African Gold Acquisition Corporation has got an extension on its deadline to complete a major deal, but with far less money ...
Dermot Desmond-backed gold firm gets more time to land major deal after embezzlement case
However, investors in African Gold Acquisition Corporation have asked to redeem much of the cash they put up for acquisitions ...
WorldVest Launches Africa Gold Corporation to Finance Gold Production
WorldVest will initially manage all Africa Gold operations through a dedicated team of professionals experienced in managing the development of global resource properties. With an ...
The 7 Best Gold Stocks to Buy for Portfolio Diversification
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Gold is typically a safe haven investment that offers ...
B2Gold (BTG) Gains From Upbeat Mine Performance Amid Cost Woes
B2Gold Corp. BTG is benefiting from strong mine performances amid cost inflation and market volatility. B2Gold’s strategic ...
Infinity Power Finalizes Acquisition of Lekela Power in Africa's Biggest Renewable Energy Deal
announced today it has completed the acquisition of the entire shareholding of Lekela Power. The transaction makes Infinity Power the largest renewable energy company on the African continent.
KCB and Naivas Deals Named Among East Africa’s notable Mergers and Acquisitions for 2022
East Africa’s notable company mergers and acquisitions have been recognised at this year’s DealMakers AFRICA Awards gala ...
Avantor advances laboratory services in Southern Africa
As South Africa’s mining industry continues to grow, mining laboratories are relied upon to provide high-quality testing, inspection and certification services that adhere to internationally ...
Masdar: Infinity Power Finalizes Acquisition of Lekela Power in Africa's Biggest Renewable Energy Deal
The transaction makes Infinity Power the largest renewable energy company on the African ... acquisition-of-lekela-power-in-africas-biggest-renewable-energy-deal-301775957.html Gold geht durch ...
Infinity Power Finalizes Acquisition of Lekela Power in Africa's Biggest Renewable Energy Deal
The acquisition of Lekela Power marks a significant milestone for Infinity Power, paving the way for the company to capture ample opportunities in the energy space in Africa, delivering clean and ...
Infinity Power Finalizes Acquisition of Lekela Power in Africa’s Biggest Renewable Energy Deal
The acquisition of Lekela Power marks a significant milestone for Infinity Power, paving the way for the company to capture ample opportunities in the energy space in Africa, delivering clean and ...
Infinity Power Finalizes Acquisition of Lekela Power in Africa's Biggest Renewable Energy Deal
announced today it has completed the acquisition of the entire shareholding of Lekela Power. The transaction makes Infinity Power the largest renewable energy company on the African continent.
Loading the latest forecasts...