Gold Mining Stocks: Major Companies, January 2024
Gold mining is a highly profitable industry that has been around for centuries. In this article, we will discuss some of the major companies in the gold mining industry and their recent developments.
Buenaventura Gold Mines
Buenaventura Gold Mines is a major gold mining company in Peru. In its 4Q23 results, the company reported gold production per metal for the three months ended December 31, 2023, and the year ended December 31, 2023, and 2024 as follows:
- El Brocal - 6,472, 21,103, and 17,000-20,000 ounces
- Orcopampa - 22,692, 83,239, and 70,000-75,000 ounces
- Tambomayo - 12,052, 41,675, and 28,000-32,000 ounces
- Julcani - 2,372, 372, and 3,200 ounces
- La Zanja - 2,308, 908, and 5,000-7,000 ounces
- Total Direct Operations - 43,761, 155,334, and 122,800-137,200 ounces
- Coimolache - 27,351, 67,140, and 38,000-43,000 ounces
- Total incl. Associated - 52,231, 174,114, and 131,500-146,700 ounces
Kinross Gold
Kinross Gold is a major gold mining company with operations in Canada, Brazil, and Russia. In its quarterly earnings report, the company reported earnings of $0.11 per share, beating the Zacks Consensus Estimate of $0.09 per share. The company's revenues of $1.12 billion also surpassed the Zacks Consensus Estimate by 23.67%.
Agnico Eagle Mines
Agnico Eagle Mines is a major gold mining company with operations in Canada, Finland, and Mexico. In its upcoming quarterly earnings report, the company is expected to report quarterly earnings of $0.46 per share, representing a year-over-year change of +12.2%. The consensus EPS estimate for the quarter has been revised 4% lower over the last 30 days to the current level. Agnico Eagle Mines' revenues are expected to be $1.52 billion, up 9.8% from the year-ago quarter.
Conclusion
Gold mining is a highly profitable industry with many major companies. Buenaventura Gold Mines, Kinross Gold, and Agnico Eagle Mines are some of the major companies in the gold mining industry, and their recent developments are worth keeping an eye on.