This article will bring you to the list of the biggest gold mining companies in the world. Insider Monkey has recently published an arresting article about it. In 2018, gold prices are expected to continue their appreciation, as the Fed has signaled that it might speed up tightening monetary policy and across the pond the ECB is considering scaling back monetary stimulus. In addition, as gold prices are quoted in US dollars, its price should see more upside as the greenback might slid amid higher interest rates and some degree of uncertainty surrounding President Trump’s economic agenda.
Now without a further ado let’s see what Insider Monkey has investigated for us. We have picked three of the biggest gold mining companies in the world from their list.
The first one is Sibanye Gold Ltd (SBGL) that is the largest gold producer in South Africa and one of the largest producers of platinum and palladium in the world. The company is currently in the process of acquiring Lonmin plc, which should expand its production of platinum and propel it to the second-largest platinum producer in the world. Last year, Sibanye Gold Ltd (SBGL)’s gold production declined by 7.2%. There were just eight funds long Sibanye Gold Ltd (ADR) (NYSE:SBGL) heading into 2018. The second company on our short list should be China National Gold Group Corporation that is the largest gold producer in China, which reported a profit of around $120 million last year. The company is centrally state owned and aside gold it is also engaged in mining and refining of silver, copper, and molybdenum. China National Gold Group Corporation’s main mines are in Inner Mongolia and Tibet and the company is reportedly looking at acquisitions in other countries to expand its production. At last, but not least we are mentioning Gold Fields Ltd (GFI) that is another one of the biggest gold mining companies in the world that is based in South Africa. The company operates mines in South Africa (South Deep Gold Mine), Ghana (Tarkwa Gold Mine, Damang Gold Mine), Australia (Agnew Gold Mine, St Ives Gold Mine, Granny Smith Gold Mine) and Peru (Cerro Corona Gold Mine). In addition to gold, Gold Fields Limited (ADR) (NYSE:GFI) generates revenue from the production of copper. Gold Fields Limited (ADR) (NYSE:GFI) saw 11 investors from our database holding shares at the end of 2017.
For any further useful information, read Insider Monkey’s article about 13 biggest gold mining companies in the world.