Because you’ve already heard of BHP Billiton, here’s a compendium of 12 of the more important gold producers in Australia right now in 2012. (Many previous companies have been bought up and/or merged with larger, existing companies, so past data is not as accurate). And you know it’s time to buy gold. So, I’ve done all the work for you – here’s your up-to-date list!
Australian Gold Producers by Market Cap
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These are in order of descending market capitalization as of June 2012. Not that bigger is better – it’s not – but it’s a handy way of sorting these that provides more information than alphabetization, which is all you’re getting when you look up lists of who’s listed on the ASX (Australian Stock Exchange).
1. Newcrest Mining (ASX: NCM) – Now the world’s 5th largest producer of gold after its Lihir Gold acquisition in 2010, Newcrest currently trades around $24.57 (with a 52-week range of 23.56-41.50). $18.78 billion market cap.
2. Oz Minerals (ASX: OXR) – Formerly known as Oxiana, Oz Minerals is focused on copper and gold exploration and production. Currently trades around $8.49 (with a 52-week range of 7.99-14.45). $2.65 billion market cap.
3. Kingsgate Consolidated Ltd. (ASX: KCN) – Claiming to operate the “safest gold mine in the world” and in the lowest 20% of costs of all gold producers, Kingsgate is focused on Australia but also runs operations in Thailand. Currently trades around $5.61 (with a 52-week range of 4.92-9.50). $790.7 million market cap.
4. Evolution Mining Ltd. (ASX: EVN) – This gold and silver producer runs four mines in Australia and is also branching out into copper production in Queensland. The company was created in 2011 as a merger of Conquest and Catalpa Resources. Currently trades around $$1.71 (with a 52-week range of 1.25-2.18). $304.9 million market cap.
5. Norton Goldfields (ASX: NGF) – Norton is a mid-tier, unhedged gold producer focused on Western Australia with current projects possessing over 10 years of life and another 120 prospects in the pipeline. Currently trades around $0.23 (with a 52-week range of 0.12-0.25). $195.4 million market cap.
6. Straits Resources (ASX: SRQ) - This is a gold and copper produced focused on Australia (NSW) and Indonesia, with additional exploration projects in South Australia. Currently trades around $ 0.45 (with a 52-week range of 0.45-0.83). $146.1 million market cap.
7. Unity Mining (ASX: UML) - Unity is a gold producer with operations in Tasmania and West Africa. Currently trades around $0.13 (with a 52-week range of 0.10-0.17). $66.29 million market cap.
8. Citigold Corporation Ltd. (ASX: CTO) - Operating in Northeastern Australia, this company boasts one of the highest grade goldfields in Australia and has no hedging risk. Currently trades around $0.05 (with a 52-week range of 0.05-0.09). $55.3 million market cap.
9. Mutiny Gold (ASX: MYG) - Mutiny is a diversified resource company, (gold, nickel, copper) in Western Australia with a goal to become a significant gold producer. It currently trades around $0.065 (with a 52-week range of 0.06-0.14). $30.16 million market cap.
10. Heemskirk (ASX: HSK) – Heemskirk runs four different business units, with projects in Australia, Canada and Europe. Some of these are production-based and others are investment- and financier-focused. Currently trades around $0.098 (with a 52-week range of 0.09-0.17). $15.46 million market cap.
11. Hill End Gold (ASX: HEG) - On track to become a mid-tier gold producer, Hill End is focused on New South Wales production but is also exploring in Laos. Currently trades around $0.023 (with a 52-week range of 0.02-0.05). $13.01 million market cap.
12. FE Limited (ASX: FEL) - Another diversified resource investment and production company, FE Limited produces iron, gold and nickel in over 300 projects in Western Australia. Currently trades around $0.035 (with a 52-week range of 0.04-0.12). $4.04 million market cap.
As you can see, many of the gold producers on the ASX are basically penny stocks – quite different from the much larger TSX, which sequesters the penny stocks to the TSX-V (TSX Ventures Exchange). And of course, all price amounts are in Australian Dollars (AUD). There are other Australian mining stocks, too – but these are some of the less well-known ones.
For something still a bit different, check out these Kenyan blue-chip stocks or think about investing in Brazilian forestry!
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