Investing

10 Top Gold and Silver Miners May Be the Next M&A Targets

SSR Mining

Denver-based SSR Mining Inc. (NASDAQ: SSRM) paid $21 million to acquire the 20% it did not own of a joint venture with Taiga Gold in a Canadian gold mine. The company’s gold-equivalent reserves totaled 10 million ounces at the end of 2021, an increase of 1 million ounces during the year. SSR’s gold reserves account for 9.2 million ounces of the total.

Its average realized price per gold-equivalent ounce in 2021 was $1,802, down from $1,812 in 2020, and the AISC per gold-equivalent ounce fell from $1,193 per ounce to $955. Gold-equivalent production rose from 484,153 ounces in 2020 to 794,456 ounces last year. SSR’s market cap is $4.23 billion. The company’s weighting in the MVIS Junior Gold Miners Index is 4.04%.

Endeavour Mining

London-based Endeavour Mining trades over the counter in the United States under the ticker symbol EDVMF. At the end of last year, the company reported proven and probable gold reserves of 17.75 million ounces. Endeavour’s mining operations are located in West Africa.

Gold production rose 69% year over year in 2021 to 1.54 million ounces. The company’s AISC for the year was $885 per ounce, up 1% year over year, and its realized price also rose 1% to $1,773 per ounce. Endeavour’s market cap is $5.78 billion. The company’s weighting in the MVIS Junior Gold Miners Index is 3.75%.

B2Gold

British Columbia-based B2Gold Corp. (NYSEAMERICAN: BTG) operates three gold mines in Mali, the Philippines and Namibia, and it is evaluating and exploring other assets it owns in Mali, Uzbekistan and Finland. Last week the company acquired more than 1,400 square kilometers of Malian properties from Australia’s Oklo Resources for about $65.6 million.

The company produced 1.05 million ounces of gold last year at an AISC of $888 per ounce and sold more than 981,000 ounces for an average realized price of $1,796 per ounce. At its three operating mines, B2Gold reported 6.21 million ounces of probable reserves. The mining company’s market cap is $4.27 billion. The company’s weighting in the MVIS Junior Gold Miners Index is 3.69%.

Alamos Gold

Toronto-based Alamos Gold Inc. (NYSE: AGI) reported proven and probable gold reserves at the end of last year of 10.26 million ounces, a year-over-year increase of 4%. The company has mining operations in Canada, Mexico, the United States and Turkey.

For 2021, the company’s AISC was $1,135 per ounce. Alamos sold 457,517 ounces of gold last year at an average realized price of $1,800 per ounce, and it posted record revenues of $823.6 million for the year. The company expects to lower its AISC to a range of $950 to $1,050 per ounce in 2024. Its market cap is $3.03 billion. The company’s weighting in the MVIS Junior Gold Miners Index is 2.91%.

Sponsored: Tips for Investing

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.