💰 Consider royalty companies like Franco Nevada, Wheaton, and Royal Gold for gold exposure.
⛏️ Look for mining companies with good assets and growth potential.
📈 Agnico Eagle is a well-managed major gold miner with strong cash flows.
🏗️ Developers with fully financed construction projects can offer interesting returns.
@Academiadeinversion:
“Well, in the end, to play gold, apart from playing physical gold or with ETFs that have physical gold, in the end, the simplest thing is to go to royalty companies, in the end, Franco Nevada, Wheaton, Royal Gold, some of these. Within miners, well, that have good assets that are growing. In the end, that combination of a tier-one mine that is doing an expansion, that is building another one, are usually very good ideas. For example, a mine has done incredibly well, is finishing building one, and is going to start building another one as soon as Waf finishes. In fact, they published the annual results today, tonight in Australia online. Operationally, Waf is amazing how they comply, of the few that go below guidance practically, that is, what is the cost in production in the all-in sustaining cost is very good, they traffic well. Aura has a lot of, some of the big ones, for example, among the big ones, the one that is about to, if it is not already, the largest gold miner in the world, Agnico, because Barrick has had many problems and each time a rather dubious management, Agnico has done very well. The rise in gold has been very noticeable in the cash flows. So, of the big ones, Agnico is possibly one of the best. What else can I tell you? There is some other more conservative one that you have to see what they do with the money, for example, Dundee, which has mines in Bulgaria and has almost half of the market cap in cash, and the issue is to see what they do with the money. And some other, then also some other idea that I always like a lot are developers that to play the rate of construction, that is, that are already fully financed, fully permitted, and start building, and then there is usually always a rate, once they start producing, unless there is a problem, they are usually quite interesting plays. For example, now in construction, Montage has started in Ivory Coast, Rio2 in Chile has also started. There is some other also that is waiting for permits and so on, like Osino. So, there are several very interesting things around there, the truth is.”
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