BAR - What Gold Mining Companies Are Telling Their Investors
2024-02-20 17:05:00 ET
Summary
- Looking at the disclosures of some of the biggest gold mining companies shows that gold might be getting even scarcer.
- In its 2022 annual report, Newmont Corporation acknowledged that it might be unable to replenish its reserves of gold and other metals in the future.
- Barrick Gold revealed it had experienced multiple years of declining gold production, but was optimistically hoping that it might be able to increase gold production from 2022 to 2023.
By SchiffGold
The most direct way to invest in gold is to buy gold. Sometimes investors bullish on the long-term prospects of gold take a look at the stocks of gold mining companies. Stocks, of course, lack some of the most attractive features of gold, such as physical portability, and its finite amount (stocks always be diluted). Plus, mining companies can go bankrupt and are at a greater risk from new regulations....
What Gold Mining Companies Are Telling Their Investors