Miner’s Drilldown: Weekly Technical Analysis of the Top 10 Gold and Mining Stocks – July 25, 2023 Edition

Forty years ago, I broke into this industry as a market reporter on the trading floor of the Chicago Mercantile Exchange. As a cub reporter, one of the first things I learned from the professional traders on the floor was the value of technical analysis of the price charts. Virtually every trader on the floor of the CME used some form of chart analysis in their trading methodologies – relying on the charts and technical analysis for better entry and exit points in the market. You should do the same. If you are a gold/mining stock watcher/trader/investor you need to check out this unique and exclusive report that can only be found on Kitco News.

(Click here for an explanation of my Wyckoff’s Market Rating system.)

Agnico Eagle Mines (NYSE:AEM;TSX:AEM)

Agnico Eagle is a senior Canadian gold mining company that produces precious metals from operations in Canada, Australia, Finland and Mexico. It has a pipeline of high-value exploration and development projects in these countries, as well as in the United States and Colombia. Agnico Eagle is a partner of choice within the mining industry, recognized worldwide for its leading environmental, social and governance practices. Founded in 1957, the company has consistently created value for its shareholders by paying a cash dividend every year since 1983.

Anglo Gold Ashanti (NYSE:AU)

AngloGold Ashanti is an independent, global gold mining company with a diverse, high-quality portfolio of operations, projects and exploration activities in nine countries on four continents. We pursue value-creating opportunities related to other minerals where we can leverage our existing assets, holdings, skills and experience.

Barrick (NYSE: Gold; TSX: ABX)

Barrick is a leading gold and copper producer in the industry. The portfolio includes the world’s most productive gold and copper districts and focuses on high-margin, long-lived assets.

BHP

BHP produces essential raw materials through our assets, including iron ore, buyer, nickel, potash And metallurgical coal. Our operated assets are wholly owned and controlled by BHP or owned as a joint venture and controlled by BHP. BHP also has interests in assets owned by a joint venture but not operated by BHP.

French Nevada (TSE:FNV)

Franco-Nevada Corporation is the leading gold-focused royalty and streaming company with the largest and most diversified portfolio of cash-flow-producing assets. The business model offers investors options for gold prices and exploration while limiting exposure to cost inflation.

Freeport McMoran (NYSE:FCX)

Freeport-McMoRan (FCX) is a leading global mining company headquartered in Phoenix, Arizona. Our company was incorporated under the laws of the State of Delaware on November 10, 1987. We operate large, long-lived geographically diverse assets with significant proven and probable reserves of copper, gold and molybdenum. Our asset portfolio includes the Grasberg mineral district in Indonesia, one of the world’s largest copper and gold deposits; and major mining operations in the Americas, including the large-scale Morenci mineral district in North America and the Cerro Verde operation in South America.

Gold fields (NYSE:GFI)

Gold Fields has nine mines in Australia, Peru, South Africa and West Africa (including the Asanko JV) and one project in Chile.

Kinross (NYSE: KGC; TSX: K.TO)

Founded in 1993, Kinross Gold is a senior gold mining company with a diverse portfolio of mines and projects in the United States, Canada, Brazil, Chile and Mauritania. Headquartered in Toronto, Canada, Kinross is focused on delivering value through operational excellence, balance sheet strength, disciplined growth and responsible mining.

Newmont (TSX: NGT.TO)

Newmont is the world’s largest gold company and a producer of copper, silver, zinc and lead. The company’s world-class portfolio of assets, prospects and talent is anchored in favorable mining jurisdictions in North America, South America, Australia and Africa. Newmont is the only gold producer included in the S&P 500 index and is widely recognized for its principled environmental, social and governance practices. The company is an industry leader in value creation, backed by robust safety standards, superior execution and technical prowess. Newmont was founded in 1921 and has been publicly traded since 1925.

Rio Tinto (NYSE:RIO)

The ambition is to be a company with a raw material mix that is aligned with changing customer demand in a decarbonising world. A home for curious people, who care about their work and colleagues, and are courageous to find better ways of doing things and are able to adapt quickly to solve problems and seize opportunities. And the partner of choice for customers, governments and communities.