Experts Pick Their Top 5 Gold Miners for 2024

[View in browser]( [The Spill Logo] BROUGHT TO YOU BY: [Logo]( Proprietary Data Insights Financial Pros’ Top Gold Miner Stock Searches in the Last Month Rank Ticker Name Searches #1 [NEM]( Newmont Mining 47 #2 [GOLD]( Barrick Gold 15 #3 [CDE]( Coeur Mining 5 #4 [HL]( Hecla Mining 5 #5 [USAU]( U.S. Gold 2 #ad [Pentagon's Game-Changer: The $2 AI Defense Stock]( Brought to you by [Resource Stock Digest]( [Top gold stock for 2024 gains as gold sets all-time highs]( [Resource Stock Digest - Top gold stock for 2024 gains as gold sets all-time highs]( Gold is crushing all-time highs above US$2,400 an ounce! Smart investors are lining up for historic gains now! But what’s the safest and smartest way to invest in 2024? Luckily, our expert team has done all of the heavy lifting for you by uncovering a brilliantly-run small-cap gold firm currently trading around US$0.25 per share with over 4 MILLION OUNCES OF GOLD already confirmed at its flagship US gold property. That’s right, we’re talking over four million gold ounces worth potentially billions for about a quarter a share. And it’s not resting there. No, the company is set to rev up the drills once again to find even more high-grade gold! Plus, it’s advancing its flagship toward a highly-anticipated gold production restart with advanced infrastructure in place — including an onsite gold processing facility. And it just acquired even more gold in the same region through a highly strategic acquisition. Folks, by the time all is said and done… this company could be sitting on one of the biggest hauls in America’s rich gold mining history. And that means the gains ahead could be truly extraordinary for those who jump in now. [All the details are in our FREE online report you can get here.]( Experts Pick Their Top 5 Gold Miners for 2024 Gold prices have jumped 13% this year. While you can own gold futures, or hoard bullion in your home, most investors choose to buy shares of gold miners. With so many to choose from, we turned to financial pros to see which ones they were watching. At the top of the list was Newmont Mining (NEM). This was rather odd, considering the stock is only up 1.25% in 2024. Yet, this could be a catch-up play for the back half. Here’s why. Newmont Mining’s Business Newmont is one of the biggest gold mining companies in the world. It one of the only gold miners the prestigious S&P 500 and Fortune 500 listings. At its core, Newmont explores for, develops, and produces gold along with copper, silver, zinc, and lead deposits around the world. It has active mines across the Americas as well as in Australia, Africa, and other regions. [Gold] [Source: Newmont Q2 2024 Investor Presentation]( An interesting tidbit - Newmont is consistently ranked as one of the most sustainable and responsible mining companies out there. Now, let's break down Newmont's business segments: - Gold (60% of revenues) - This is Newmont's bread and butter - producing and selling gold from major mines in Nevada, Australia, Ghana, Mexico, Argentina, Canada and elsewhere. - Copper (20% of revenues) - Copper production, mainly from mines in North/South America and Australia, makes up a big chunk of Newmont's pie. - Other Metals (20% of revenues) - The remaining revenues come from by-product metals like silver, lead and zinc from their gold/copper operations. In their latest quarterly results, Newmont saw higher revenues thanks to increased gold and copper sales volumes. However, profits took a hit from elevated operating costs despite higher gold prices. Newmont has an ambitious growth pipeline fueled by major projects and expansions at existing operations. Key near-term drivers include the Tanami Expansion 2 and Ahafo North projects extending output in Australia and Ghana, respectively, as well as the Cadia expansion in Australia boosting copper and gold volumes. Longer-dated growth options span the Yanacocha Sulfides deposit in Peru and massive Wafi-Golpu in Papua New Guinea. Funded by robust cash flows, this pipeline positions Newmont to maintain and potentially increase its global gold and copper leadership for decades. Investors can expect a steady stream of project milestones ahead. Financials [Financials] Source: Stock Analysis Like most gold miners, Newmont lives and dies by the price of gold and input costs. Lately, it’s seen both volume and price increase. Yet, higher mining costs have kept margins compressed where other miners have seen them expand. Cash flows have improved as well, though they are far below their peak in 2020 and 2021. Additionally, Capex has idoubled as the company builds out its new mines. At the same time, total debt expanded moderately. Valuation [Valuation] Source: Seeking Alpha Newmont and Barrick Gold (GOLD) have both underperformed the broader gold miner index. Yet, both carry higher P/E ratios while Newmont’s price-to-cash flow is fairly high. Smaller miners like Coeur Mining (CDE) have seen their stocks soar as its volume increased substantially. Yet, its price-to-cash flow ratio isn’t significantly higher than Newmont or Barrick. And with all holding similar forward enterprise value to sales ratios, we can assume markets expect some catch up from the laggards. Growth [Growth] Source: Seeking Alpha Intrestingly, none of the miners exhibit substantial growth. While 2023 was a good year, it wasn’t blockbuster. But, as we can see on the EBITDA line, Coeur shined on profitable growth because new production came online. Profitability [Profit] Source: Seeking Alpha The story bears out on the profitability lines as we see Newmont and Barrick both deliver higher gross and EBITDA margins. If Newmont hadn’t had the non-cash expense, it would see its other margins in line with Barrick. [Making Sense Of Your Money With The Juice]( Unaffordable housing? High cost of living? Wondering how to best save for retirement? Unsure where to put your money? The Juice has the same concerns. We spend our time focused on the money issues that matter to you and your family's future. [Subscribe now!]( Our Opinion 3/10 We’re not overly impressed with the performance of Newmont or gold miners. Generally, miners act as leveraged plays on the price of gold. That’s not the case today. Whether it’s higher operating costs or a changing business environment, we can’t say for sure. Nonetheless, we’d prefer to steer clear of gold miners for the time being. [-facebook-share]( [-twitter-share]( [-linkedin-share]( [-email-share](mailto:?body= %3Cbr+%2F%3E%0A%3Cb%3ENotice%3C%2Fb%3E%3A++Undefined+property%3A+stdClass%3A%3A%24previewText+in+%3Cb%3E%2Fvar%2Fwww%2Fhtml%2Fnl_forms%2Fsrc%2FICTheSpill%2Fautomate-ic-article.php%3C%2Fb%3E+on+line+%3Cb%3E102%3C%2Fb%3E%3Cbr+%2F%3E%0Ahttps%3A%2F%2Finvestingchannel.com%2F%3Fp%3D617377?utm_medium=ic-nl&utm_source=119279 ) News & Insights Just Spilled - [The Best Bond ETFs For Your Portfolio]( - [Beyond Traditional Investments: Embrace Diversity]( - [Should You Hold Nvidia (NVDA)?]( - [Is Now the Time to Buy Microsoft (MSFT)?]( [News & Insights-facebook-share]( [News & Insights-twitter-share]( [News & Insights-linkedin-share]( [News & Insights-email-share](mailto:?body= %3Cbr+%2F%3E%0A%3Cb%3ENotice%3C%2Fb%3E%3A++Undefined+property%3A+stdClass%3A%3A%24previewText+in+%3Cb%3E%2Fvar%2Fwww%2Fhtml%2Fnl_forms%2Fsrc%2FICTheSpill%2Fautomate-ic-article.php%3C%2Fb%3E+on+line+%3Cb%3E102%3C%2Fb%3E%3Cbr+%2F%3E%0Ahttps%3A%2F%2Finvestingchannel.com%2F%3Fp%3D617377?utm_medium=ic-nl&utm_source=119279 ) [We want to hear from you. Let us know your thoughts by clicking here]( [Ads] [InvestingChannel Logo](#) Follow us on: [Facebook Logo]( [LinkedIn Logo]( [Twitter Logo]( [Instagram Logo]( To ensure delivery of all emails, [allow us on your list](. Manage your subscriptions with our [preference center](. [Unsubscribe here.]( View our privacy policy [here](. Copyright ©2024 InvestingChannel. All rights reserved. 1325 Avenue of the Americas, Floor 27 & 28 New York, New York 10019 Disclaimer: This is not investment advice. This InvestingChannel, Inc., newsletter is for information purposes only and is based on opinion. Futures, forex, stock, and options trading are not appropriate for all investors. There is a substantial risk of loss associated with trading these markets. Losses can and will occur. No system or methodology has ever been developed that can ensure returns or eliminate losses. InvestingChannel, Inc., makes no representation or implication that using any of the methodologies or systems in this newsletter will generate returns or insure against losses. Investors should be cautious about any and all investments and are advised to conduct their own due diligence prior to making any investment decisions. [Link](