FX.co ★ Top 5 gold-mining corporations

Barrick Gold

Barrick Gold opens the list of the biggest mining companies. This American corporation was established in 1983. It widely uses advanced technologies for mining and processing of gold. Barrick Gold has 26 operating sites in the US, Canada, South America, Africa, and Australia. At the same time, the company develops projects for a group of platinum metals and nickel and extracts silver and copper. The industrial giant is also involved in the oil and gas industry. During trading, the company uses a number of financial instruments to hedge the risks of falling gold.

Newmont Mining

The second place goes to Newmont Mining, a US corporation founded in 1916. The company specializes in the exploration and production of gold and minerals in the United States, Australia, Peru, Indonesia, Ghana, Canada, Bolivia, Uzbekistan, Mexico, and New Zealand. The organization also mines copper and silver. It uses innovations and non-standard technological solutions in the production of metals. Newmont Mining Corporation is the first gold mining company included in the Fortune 500. Its shares make a part of such global stock indices as S&P 500 and DJ Sustainability World.

Gold Corp. Inc.

Gold Corp. Inc. occupies the third place in the list. The company is engaged in the mining of gold and other precious metals in North, Central, and South America as well as in Australia. The company also produces and sells gold, silver, and copper. Gold production is constantly growing and may reach 2.5 million ounces per year. The corporation is planning to increase the production of yellow metal by 60%. It tries to use eco-friendly innovative technologies to reduce the negative impact on the environment.

Kinross Gold

Kinross Gold Corporation takes the fourth position among the largest mining companies. This organization was established in 1993 in the US. The real reserves of the company are estimated at 50 million ounces of gold and 100 million ounces of silver. The company’s shares are traded on the Toronto Stock Exchange and NYSE. The corporation is involved in the exploration of gold fields as well as in the production and processing of gold-containing ores. Kinross Gold Corporation mines in Canada, the US, Brazil, Ecuador, Chile, and the Russian Far East. The company strives to minimize the negative impact on the environment. It has created the "Generation Gold" project aimed at identifying talented employees with high potential.

Agnico-Eagle Mines Limited

The list of top 5 leading mining companies is closed by Agnico-Eagle Mines Limited. The corporation is involved in the exploration and production of gold in Canada, Finland, Northern Mexico, and the United States. Experts consider Agnico-Eagle to be one of the most efficient gold mining companies with a stable income. The company is characterized by constantly rising gold reserves. In the near future, the production of gold may exceed 1 million ounces per year. The corporation is developing a system that will allow it to control the precious metal production at all stages. The company’s shares are traded on the New York Stock Exchange and the Toronto Stock Exchange.