2020. The following is a rundown of the five largest Canadian mining companies by market capitalization and as reported in 2020 by Northern Miner.. Agnico Eagle Mines. SmallCapPower/Ubika Research does not provide or guarantee any financial, legal, tax, or accounting advice or advice regarding the suitability, profitability, or potential value of any particular investment, security, or information source. Kinross. "Kirkland Lake Gold Announces Q3 Production, Boosts Dividend." Accessed Dec. 11, 2020. Investopedia uses cookies to provide you with a great user experience. Nutrien was born in 2016 through a merger between Potash Corp. and Agrium Inc., with the deal closing in 2018. The Canadian gold mining stocks we’ve discovered are producing gold at the lowest cash costs in the industry SmallCapPower | October 22, 2019: Mining companies are price takers with regards to the commodities that they sell, meaning that the market price for their product(s) can fluctuate wildly, impacting their bottom lines. No.39 Teranga ($306.8 million) Teranga Gold Corp. is a Canadian-based gold company. The Çöpler mine operated at All-In Sustaining Costs (AISC) of US$700 per ounce during the first quarter of 2020, generating $47 million of unlevered free cash flow during the period. The companies production number for the third quarter of 2020 showed a growth of 37% year over year to 339,584 ounces in the third quarter. Potash, from the Dutch potaschen, meaning pot ashes, is the common name for any of several compounds which are used in the manufacturing of fertilizer. In such instances, Ubika and/or its affiliates and/or their respective officers, directors or employees will use all reasonable efforts to avoid engaging in activities that would lead to conflicts of interest and Ubika and/or its affiliates will use all reasonable efforts to comply with conflicts of interest disclosures and regulations to minimize the conflict. On May 11, 2020, Alacer Gold announced an “at-market merger of equals” with SSR Mining Inc. Alacer Gold had a free cash flow yield of 13.9% at the end of 2019. Image by Sabrina Jiang © Investopedia 2021, The Northern Miner. The firm produced 974,615 ounces of gold in 2019 and has a market cap of U.S.$11 billion as of December 2020. Kirkland is a much smaller company when compared with some of its peers, but it has seen incredible growth in its mining capabilities. Accessed June 17, 2020. Arizona Mining Inc. AZ: Asanko Gold Inc. AKG: Ascendant Resources Inc. ASND: Atalaya Mining plc: AYM: ... Canadian Zinc Corporation: CZN: Canarc Resource Corp. CCM: Candente Copper Corp. DNT: ... EDMONTON – Over the past two years, three insurance companies from Europe – … Barrick produced more than 5.3 million ounces of gold in 2019. Barrick Gold is Canada’s largest mining firm, coming in at number 11 in PwC’s 2019 ranking of the Top 40 global mining companies by market capitalization. Accessed Dec. 11, 2020. The company operates gold and copper mining operations and projects in 13 countries in North and South America, Africa, Papua New Guinea, and Saudi Arabia. Finance. Investors seeking exposure to the Canadian mining sector may want to consider some of the options. canadian gold mining companies. Crocodile Gold is a Canadian mining company operating in the Northern Territories and other parts of the world. Nutrien (NTR) is a fertilizer company and the largest producer of potash in the world. It is also one of the largest producers of nitrogen fertilizer. The company holds a number of large and undeveloped gold deposits. Gold charts, Gold fixes, Gold performance and ratios. Newcrest is the largest gold producer listed on the Australian Securities Exchange and one of the world’s largest gold mining companies. Accessed Dec.11, 2020. In 2020, payable gold production is expected to be 1.63 to 1.73 million ounces, while total cash costs per ounce are expected to be between $740 to $790, and all-in sustaining costs are forecast between $1,025 to $1,075 per ounce of gold., Kirkland Lake Gold (KL) is a gold mining company with operations in Canada and Australia. The company has mining operations in 15 countries, including Argentina, Australia, Canada, Chile, the US, Saudi Arabia, Zambia, etc. Nevada Gold Mines Launched: Best Assets, Best People Will Deliver Best Value, High-quality, Lower-Cost Potash Operations, Agrium and PotashCorp Merger Completed Forming Nutrien, a Leader in Global Agriculture, Nutrien Announces Agreement to Purchase Brazilian Ag Retailer Agrosema, Agnico Eagle Provides Update on Mexico Operations, Kirkland Lake Gold Announces Q3 Production, Boosts Dividend, Kirkland Lake buying Detour Gold in stock deal worth $3.7 billion. "Operations." Nutrien posted earnings before interest, taxes, depreciation, and amortization of U.S.$4 billion on sales of U.S.$20 billion. The company is working to ensure that its Tasiast, Mauritania mine will reach a throughput capacity of 24,000 tonnes per day by mid-2023. In 2020, Kinross announced its decision to proceed with the restart of La Coipa in Chile, which is expected to begin contributing to the company's production in 2022. "About Us." Strong gold prices, which remained at $1,900 levels in late 2020, as well as rising prices for copper, nickel and zinc were cited as the main factors that boosted Canadian companies’ performance. Yahoo! "Top 10 Canadian Miners by Market Cap." iShares Gold Bullion ETF is the closest thing investors will get to owning physical gold without actually having to buy, hold, and store it. Consolidated gold sales rose 29.5% year over year to 331,959 ounces.. Interested in physical gold? Today we have identified three Canadian gold mining stocks that are most profitable based on free cash flow yield, a metric that gives investors an indication as to how much cash a business is generating after taxes relative to how much it costs to operate. Agnico Eagle Mines is one of the best-managed gold companies in the world, which is why it has remained in our top five on our list of the best gold mining companies to invest in. Canadian gold mining company, Gold X Corp, says it plans to begin production at its Toroparu project as soon as the necessary steps are completed. At that time, Barrick Gold had the largest market capitalization of any Canadian mining company, at 45.6 billion Canadian dollars. Yahoo! "Tasiast, Mauritania." Alacer Gold Corp. (TSX:ASR) – $7.87 In fact 75% of the world's mining companies are headquartered in Canada. *Returns are based on closing stock prices as of May 11, 2020. Kirkland Lake Gold is a gold mining company with operations in Canada and Australia. Brexit refers to the U.K.'s withdrawal from the European Union after voting to do so in a June 2016 referendum. By using Investopedia, you accept our, Investopedia requires writers to use primary sources to support their work. "Nevada Gold Mines Launched: Best Assets, Best People Will Deliver Best Value." The Company’s headquarters are in Melbourne, Australia, and it operates mines in Australia, Canada and Papua New Guinea. The Reader should apply his/her own judgment in making any use of any Content, including, without limitation, the use of any information contained therein as the basis for any conclusions. Nutrien. A total of 1,290 Canadian mining and exploration companies had CMAs valued at $263.2 billion in 2019, a slight 1.0% decline from $266.0 billion in 2018. Accessed June 17, 2020. 1. Barrick. The company is owned 61.5% by Barrick and 38.5% by Newmont. Barrick Gold (TSX:ABX,NYSE:ABX) Market cap: C$23.84 billion 7. The merger combined the fertilizer mines of Potash and the direct to farmer retail network of Agrium. Nutrien had a market cap of U.S.$19 billion market cap as of June 2020. The company reported free cash flow of U.S.$2.2 billion. canada is the world's tenth-largest economy as of 2016, with a nominal gdp of approximately us$1.52 trillion. Canadian Gold Mining is happy to be selling gold mining equipment made in Canada by Fred’s Gold Panning in Kelowna B.C and will be expanding into other items and categories as time goes on. To read our full disclosure, please click on the button below: The Content contained on this page (including any facts, views, opinions, recommendations, description of, or references to, products or securities) made available by SmallCapPower/Ubika Research is for information purposes only and is not tailored to the needs or circumstances of any particular person. Get the Mining stock market overview with current price and changes. Gold price quotes in ounce, gram, kilo, pennyweight, tola and tael in Canadian Dollars. You can learn more about the standards we follow in producing accurate, unbiased content in our. A junior company is a small company that is looking to find a natural resource deposit or field. Kinross Gold’s (KGC) mines in the Americas, Russia, and West Africa produced 2.5 million gold-equivalent oz. Accessed June 17, 2020. Kinross. The offers that appear in this table are from partnerships from which Investopedia receives compensation. in 2019, and the company had a market cap of U.S.$9 billion as of Dec. 2020., Fifty-six percent of its production in 2019 came from the Americas, 23% from West Africa, and 21% from Russia. Accessed June 17, 2020. These companies are big players in the Canadian industry which ranks 7th globally but rely mostly on assets in foreign countries (Barrick Gold alone produced 209.79 tonnes of gold in 2009, Canada produced 100 tonnes). Canadian mining assets located abroad, by region Canadian mining assets, by company type Annual variations Use of statistics on Canadian mining assets located abroad. "Agrium and PotashCorp Merger Completed Forming Nutrien, a Leader in Global Agriculture." This joint venture is one of the largest gold-producing complexes in the world, which includes three of the Top 10 Tier One gold assets.. The firm produced 974,615 ounces of gold in 2019 and has a … "Dividends." Its three largest mines—Paracatu (Brazil), Kupol (Russia), and Tasiast (Mauritania)—accounted for more than 61% of the company’s annual production in 2019.. B2Gold is an international gold producer with operating gold mines in Mali, Namibia and the Philippines and numerous exploration and development projects in various countries including Mali and Colombia. There are no gold mining companies in this ETF. Accessed Dec. 11, 2020. All market cap and share price data was accurate as of July 12, 2017. We also reference original research from other reputable publishers where appropriate. Finance. "Agnico Eagle Provides Update on Mexico Operations." Accessed Nov. 2020. Kinross. Barrick Gold Corporation is the largest gold mining company in the world with annual production of approximately 5.5 million ounces of gold. In an industry plagued by high capital expenditures that can lead to insurmountable debt, Agnico’s debt to equity ratio is well below industry average. In early 2020, Nutrien announced that it will be purchasing Agrosema, a Brazilian Ags retailer. BTO had a free cash flow yield of 5.1% at the end of 2019. Following are the world’s top 10 and top 20 largest gold producing companies ranked by gold production and market capitalization. Nutrien. "Nutrien Announces Agreement to Purchase Brazilian Ag Retailer Agrosema." Accessed June 17, 2020. MiningFeeds.com is an informational website with free comparables lists, mining news, company information, live quotes and research reports. A fall in the value of the Canadian dollar over the past few years, coupled with a recent upswing in the gold price, make gold mining in the country particularly appealing at this time. In 2019, Barrick and Newmont Goldcorp established Nevada Gold Mines LLC. Headquartered in Toronto, the company was originally an oil and gas company but evolved into a mining company. The NYSE Arca Gold BUGS Index, also known as the HUI Gold Index, is an index of publicly-traded gold-mining companies useful for tracking gold prices. The Mubadala Development Company is a sovereign wealth fund that now operates as the Mubadala Investment Company. Nitrogen contributed 29% and phosphate 5%. Since the company’s inception at the beginning of 2018 until the end of 2019, it has allocated U.S.$5.7 billion to shareholders through dividends and share buybacks. Canadian Mining Report provides mining companies, junior miners, gold mining stocks, uranium mining stocks, silver & copper mining stocks & latest mining news in Canada. Goldcorp is one of the largest gold mining companies in Canada, with a headquarters in Vancouver and operations in Canada, Mexico, Honduras, Guatemala and the Dominican Republic. Canada's biggest undeveloped gold deposit is the Kerr Sulphur… Kirkland Lake Gold. Canada derives much of its wealth from its plentiful natural resources and, as a result, has some of the largest mining companies in the world. Finance. "Kirkland Lake Gold Ltd. (KL)". Battle North starts 22,000-metre drill program in Red Lake February 16, 2021 by Canadian Mining Journal Staff . Other Canadian entries in the Top 40 were Teck Resources, Agnico-Eagle Mines Group, Goldcorp, First Quantum Minerals, … In 2020, B2Gold forecasts consolidated gold production of between 1,000,000 and 1,055,000 ounces. Find top gainers & losers by index, major world indexes, futures indexes and stock news. "Kinross Gold Corporation (KGC)." From the colonial race of European empires, to the multinationals of today's neoliberal capitalist world, this region continues to draw interest. Any mention of a particular security is merely a general discussion of the merits and risks associated there with and is not to be used or construed as an offer to sell, a solicitation of an offer to buy, or an endorsement, recommendation, or sponsorship of any entity or security by SmallCapPower/Ubika Research. Following on last week’s announcement that it would be going ahead with construction of the Bateman gold project in Red Lake, Battle North Gold (TSX: BNAU; OTCQX: BNAUF) has started a $7-million 2021 exploration program, which includes up to 22,000 … The Reader bears responsibility for his/her own investment research and decisions. Gold Fields. Eloro Resources Set to Become the Greatest Silver Play Ever? A Brazil ETF is an exchange-traded fund (ETF) that passively invests in Brazilian securities belonging to a designated index. Mining.com. Nutrien. The company has a strong reputation as an environmentally responsible operator and a fair employer with the Canadian reputation. Barrick had a market cap of U.S.$47 billion as of June 2020. Accessed June 17, 2020. Gold price guide. BTO also raised its quarterly dividend by 100% to US$0.02 per share. Coming in third on this top gold-mining companies list is AngloGold Ashanti, which produced 102.1 tonnes of gold in 2019. Featuring Gold, … It also runs exploration activities in these countries as well as the United States and Sweden., With a market cap of U.S.$15 billion, Agnico Eagle has paid out an annual dividend since 1983, making it an attractive investment choice. According to the company's website, operations exceeded production targets in 2019 for the eighth year in a row. "High-quality, Lower-Cost Potash Operations." list of companies of canadawikipediacanada is a country in the northern part of north america. The Canadian gold mining stocks on our list boast superior free cash flow yields. Those companies with a history of superior profitability are poised to perform best during a rising gold price environment. Quebec was the second largest gold producer in Canada, having produced a 32.6 percent share of Canada’s gold in 2017. "Operations." it is a member of the organisation for economic co-operation Top Canadian mining companies by market cap. Relay Medical Could Have the Best COVID-19 Testing Solution, Canada-Listed Gaming and Betting Play Looks Like a Worthy Gamble, Ideanomics Stock Should Continue to Charge Higher on U.S. President Biden’s Renewable Energy Push, Leviathan Gold Poised to Become the Next Big Gold Play Down Under, ‘Bank’ Stock Looks to Be a Better Way to Play Cryptocurrencies. Accessed Dec. 11, 2020.". As of 2017, Canada’s gold reserves amounted to … Ubika and/or its affiliates and/or their respective officers, directors or employees may from time to time acquire, hold or sell securities and/or commodities and/or commodity futures contracts in certain underlying companies mentioned in this site and which may also be clients of Ubika’s affiliates. Accessed Dec. 11, 2020. "Operations." SmallCapPower | May 12, 2020: The gold mining industry is expected to have a good year in 2020 given the record amount of global monetary stimulus that has propelled the gold price to its current level of US$1700 per ounce. Agnico Eagle Mines. That represents a small decrease from the 106.1 tonnes it … Mining is a global industry, but five of the largest companies are headquartered in China, the world's second-largest economy. B2Gold Corp. (TSX:BTO) – $7.32 Latin America and the Caribbean's vast resources give the region great geopolitical importance, attracting foreign interest for centuries. To get gold, you need to mine it. Alacer Gold is an intermediate gold producer that owns an 80% interest in the Çöpler Gold Mine in Turkey. SmallCapPower | May 12, 2020: The gold mining industry is expected to have a good year in 2020 given the record amount of global monetary stimulus that has propelled the gold price to its current level of US$1700 per ounce. These include white papers, government data, original reporting, and interviews with industry experts. Before making any investment decision, it is strongly recommended that you seek outside advice from a qualified investment advisor. The Company reported consolidated gold production of 250,632 ounces during Q1 2020, an increase of 25% from the same period last year, at AISC of US$695 per ounce sold. Four Gold-Mining Companies to Watch Although Inton is bearish on the price of gold over the longer term because of potential selling from gold-backed ETFs, his shorter-term outlook is more bullish. Overview. Canadian mining in Latin America and the Caribbean began in the 20th century. Barrick Gold Corporation (ABX) is the second-largest gold mining company in the world. Matador Mining well-positioned to advance Canadian gold exploration plans for 2021 Looking forward, the company is focused on its exploration program … No.40 Rio Alto ($293.7 million) Rio Alto Mining is a Vancouver-based international gold producer. In January 2020, Kirkland completed its purchase of Detour Gold Corp. for approximately $3.7 billion. The acquisition added a large Canadian mine to Kirkland's asset holdings and allowed for exploration within the area.