Top Gold Mining Stocks
Gold miners give operational leverage — profits rise faster than the gold price because most costs are fixed.
Senior producers
| Ticker | Company | Production Moz | AISC USD/oz | |--------|---------|----------------|-------------| | NEM | Newmont | 6.0 | 1500 | | GOLD | Barrick | 4.0 | 1400 | | AEM | Agnico Eagle | 3.5 | 1300 | | KGC | Kinross | 2.1 | 1450 | | AU | AngloGold | 2.7 | 1500 | | HMY | Harmony | 1.5 | 1700 | | GFI | Gold Fields | 2.3 | 1400 | AISC (all-in sustaining cost) is the key metric — gap to spot = margin/oz.
Royalty & streaming
Franco-Nevada (FNV), Wheaton (WPM), Royal Gold (RGLD) finance miners for a cut of production — exposure without operating risk.