3. Goldcorp Inc. (NYSE:GG)
Goldcorp Inc. (NYSE:GG) is headquartered in Toronto, Canada. It is also one of the biggest and well-recognized names in the mining sector. It has operating properties in Canada, the U.S., Mexico, and Central and South America.
In the third quarter of 2015, the company produced 922,200 ounces of gold. In the same period a year ago, Goldcorp’s production was 651,700 ounces. Doing some simple math, this represents an increase of more than 40%. (Source: “Goldcorp Delivers Strong Free Cash Flow as Third Quarter Gold Production Increases 42%,” Goldcorp Inc., October 29, 2015.)
Goldcorp’s all-in cost to produce was $949.00 per ounce in the third quarter of 2015. In the same period a year ago, this cost was $1,566. In other words, the company’s costs have declined roughly 40% year-over-year.
With a market capitalization of $9.7 billion, this gold stock trades around $12.00 per share.
4. Barrick Gold Corporation (NYSE:ABX)
Barrick Gold Corporation (NYSE:ABX) is the biggest gold mining company in the world. In the first nine months of this year, the company has produced 4.49 million ounces of gold and it’s on track to produce over six million ounces by the end of 2015. Its cost to produce is low as well. In the first nine months of this year, the company produced an ounce of gold at an all-in cost of $957.00. (Source: “Barrick Reports Third Quarter 2015 Results | Growing Free Cash Flow,” Barrick Gold Corporation, October 28, 2015.)
Barrick gold has properties in Argentina, Chile, the Dominican Republic, Peru, the U.S., Canada, Australia, Saudi Arabia, and Zambia.
With a market capitalization of $8.6 billion, this gold stock trades around $7.50 per share.
5. Lake Shore Gold Corp. (NYSEMKT:LSG)
Lake Shore Gold Corp. (NYSEMAKT:LSG) is headquartered in Toronto, Canada. It engages in the exploration, acquisition, development, and production of gold properties in Canada with a focus on Northern Ontario.
In the first nine months of 2015, the company produced 136,200 ounces of gold at an all-in sustaining cost of $845.00 per ounce. In the same period a year ago, Lake Shore’s gold production was 40,600 ounces at all-in sustaining cost of $861.00 an ounce. (Source: “Lake Shore Gold Reports Nine Month and Third Quarter 2015 Financial and Operating Results,” Lake Shore Gold Corp., October 29, 2015.)
With a market capitalization of $331 million, this gold stock trades around $0.75 per share.