This article will go over the 12 Best Gold Stocks to Invest In According to Billionaires.
Within the global metals industry, the gold sector is essential because it offers long-term investors a profitable opportunity as well as a store of value in times of crisis. Gold continues to be one of the most sought-after precious metals in the world due to its historical use as a haven during times of inflation and geopolitical unrest, as well as its growing use in cutting-edge technologies.
According to Reuters, gold prices have risen to all-time highs as of March 2025, with spot prices hitting $2,936.38 per ounce and U.S. gold futures topping $2,956.10. Record central bank purchases, growing fears about inflation, and changing global monetary policies have all contributed to the surge, which has made gold a key asset class in an uncertain environment. Demand for gold as a safe haven has increased as a result of increased investor uncertainty brought on by the ongoing trade war between the United States and China, which has resulted in supply chain disruptions and retaliatory tariffs.
Gold produced a 43.83% return in 2024, significantly above the 20.89% gain of the whole market. Supported by over-the-counter investments and strategic central bank hoarding, especially in emerging nations like China and India, the total demand for gold hit a record high of 4,974 metric tons. For the third year in a row, central bank purchases topped 1,000 metric tons, according to the World Gold Council. Gold’s appeal is strengthened by this accumulation, which is a part of a larger trend of diversification away from the U.S. currency. The premium that investors are willing to pay in the current inflationary environment is reflected in the 9% increase in overall expenditure on gold jewelry, despite an 11% drop in demand for jewelry due to high costs.
Strong demand for investments further supports the market’s momentum. Demand for actual bars and coins remained stable at 1,186 metric tons, while ETFs saw no significant withdrawals for the first time since 2020. Due to gold’s use in semiconductor and artificial intelligence applications, technology use also increased by 7%. As gold moved from Asian markets like Dubai and Hong Kong to the U.S. due to favorable futures premiums and expected import duties, arbitrage opportunities drove an 80% increase in U.S. Comex inventories since late 2024.
Additionally, billionaire investors have increased their attention to the metals industry. According to the 2024 UBS Billionaire Ambitions Report, 40% of affluent investors intend to expand their holdings of gold and other precious metals in the upcoming year. Warren Buffett’s conglomerate has chosen mining stocks over actual gold, and Jeff Bezos and Bill Gates have invested $537 million in Africa’s rare metals sector. This is part of a larger strategy move toward assets linked to technology and sustainable energy. The fact that eight of the top 100 billionaires in Forbes have made their riches in mining and metals highlights the industry’s ongoing profitability.
With this backdrop in mind, let’s move on to our list of the 12 Best Gold Stocks to Invest In According to Billionaires.
A man, dressed in protective gear, holding a golden nugget freshly extracted from an underground mining shaft.
Our Methodology
To create our list of the 12 Best Gold Stocks to Invest In According to Billionaires, we examined Insider Monkey’s exclusive database of billionaire stock holdings. Based on the largest number of billionaire investors, as of Q4 2024, we have chosen the 12 best gold stocks. We have included the total value of billionaire holdings as a secondary criterion to rank the stocks that have the same number of billionaire holdings. We have also considered the number of hedge funds holding a stake in the respective stocks, as per Insider Monkey’s database of Q4 2024.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
12. Wheaton Precious Metals Corp. (NYSE:WPM)
Number of Billionaire Investors: 7
Number of Hedge Fund Holders: 36
One of the top precious metals streaming businesses with operations in North America, South America, Europe, and Africa is Wheaton Precious Metals Corp. (NYSE:WPM). Long-term purchase agreements linked to gold, silver, palladium, platinum, and cobalt are the company’s main source of value. With $119.5 million in billionaire holdings, Wheaton Precious Metals Corp. (NYSE:WPM) is among the best gold stocks.
Wheaton Precious Metals Corp. (NYSE:WPM) reported record revenue of $381 million for the fourth quarter ending December 31, 2024, thanks to strong performance from key assets. Operating cash flow increased 30% to $319 million, while adjusted net earnings hit a record high of $199 million, or $0.44 per share, a 21% year-over-year gain. Supported by solid asset contributions and favorable commodity prices, revenue increased 26% to a record $1.3 billion for the full year 2024, while adjusted net profitability increased 20% to $640 million.
Q4 production reached 187,000 GEOs, up 14% from the previous year, helped by record silver and gold outputs from Constancia and Salobo, respectively. With 635,000 GEOs for the entire year, Wheaton surpassed its guidance range. In 2025, it anticipates 600,000–670,000 GEOs. With an annual throughput of over 35 million tons, Salobo III is now fully operational, and Peñasquito has also recovered from previous setbacks.
In 2024, Wheaton Precious Metals Corp. (NYSE:WPM) committed $910 million to four significant deals, including the Koné project, which was the company’s biggest streaming agreement in almost ten years. In order to expedite delivery, it also modified its Blackwater deal. In addition to maintaining a $2 billion undrawn credit line and $818 million in cash on hand, the company raised its quarterly dividend by 6.5% to $0.165 per share.
Wheaton Precious Metals Corp. (NYSE:WPM) anticipates a large increase in output in the future, with a goal of 870,000 GEOs by 2029 and more than 950,000 GEOs yearly through 2034. The company is well-positioned for long-term growth, with nine development-stage properties scheduled to start production within the next five years and more prospects in the gold and copper streams.
11. Hecla Mining Company (NYSE:HL)
Number of Billionaire Investors: 9
Number of Hedge Fund Holders: 27
Hecla Mining Company (NYSE:HL) operates in China, Japan, Korea, Canada, and the United States. The company mostly mines doré that contains gold and silver, as well as lead, zinc, and silver. According to Insider Monkey’s database, 27 billionaires held stakes in HL worth over $75.1 million.
Hecla Mining Company (NYSE:HL) had record revenues of $261 million and record adjusted EBITDA of over $90 million for the first quarter of 2025, which concluded on March 31, 2025. In addition to more than 34,000 ounces of gold, 4.1 million ounces of silver were produced. In the first quarter of 2025, silver margins increased from 54% in 2024 to 65%. Additionally, the company’s financial situation improved, as evidenced by a net leverage ratio that dropped from 2.7x to 1.5x annually.
Hecla’s principal mines operated effectively. With 1.3 million ounces of silver produced and $8.4 million in free cash flow, the Lucky Friday mine set a milling record. With a gross profit of $1 million, the Keno Hill mine, which Hecla owned, produced more than 770,000 ounces of silver and became profitable for the first time. About 20,500 ounces of gold were produced by Casa Berardi, with an emphasis on cost reduction in the second half of 2025.
The four pillars of Hecla Mining Company’s (NYSE:HL) strategic efforts are financial discipline, portfolio rationalization, operational excellence, and silver market leadership. With a $3.3 million investment aimed at high-grade gold and silver veins, the business is exploring Nevada and moving forward with development at its Keno Hill project. In addition, Hecla intends to develop its Libby project, which has substantial resource potential, and is examining strategic options for Casa Berardi.
As the economy improves, Hecla Mining Company (NYSE:HL) is still dedicated to growing its exploration investment and fortifying its balance sheet.
10. Franco-Nevada Corporation (NYSE:FNV)
Number of Billionaire Investors: 9
Number of Hedge Fund Holders: 38
With a primary concentration on precious metals, such as gold, silver, and platinum group metals, Franco-Nevada Corporation (NYSE:FNV) runs a broad royalty and streaming business in the Americas, Australia, Europe, and other countries. By selling natural gas and crude oil to third parties, the company is also exposed to energy assets. According to billionaires, it is among the best gold stocks; their combined investments are worth $669.48 million.
Franco-Nevada Corporation (NYSE:FNV) reported record financial achievements for the quarter ending March 31, 2025. Revenue was $368.4 million, up 43% from the first quarter of 2024, while operational cash flow increased 62% to $288.9 million. In addition to selling 126,585 GEOs, adjusted EBITDA increased 49% to $321.9 million, indicating a robust 87% margin. Despite no contributions from Cobre Panama, net income increased by 45% year over year to $209.8 million, driven by high gold prices, robust energy output, and recently acquired assets.
Additionally, in Q1 2025, Franco-Nevada Corporation (NYSE:FNV) added two significant assets to its portfolio: a $448.6 million finance package for Discovery Silver’s Porcupine Complex and a $500 million stream from Sibanye Stillwater Limited’s Western Limb operations. It is anticipated that these expenditures would improve GEO’s future contributions. Candelaria, Hemlo, and Salares Norte increased their production during the quarter, which helped the company’s precious metal assets sell 8% more GEOs.
With a strong balance sheet, $2.1 billion in available cash, and no debt, Franco-Nevada Corporation (NYSE:FNV) is well-positioned for future expansion. The company is optimistic regarding the current conversations with Cobre Panama, anticipating increasing contributions from ramping gold projects. Since precious metals account for 79% of its income, it is well-positioned to gain from rising commodity prices and industry momentum in 2025.
9. Pan American Silver Corp. (NYSE:PAAS)
Number of Billionaire Investors: 10
Number of Hedge Fund Holders: 35
In Latin America and Canada, Pan American Silver Corp. (NYSE:PAAS) is a mining company that explores, develops, and extracts copper, zinc, lead, gold, and silver. In Peru, Mexico, Argentina, Bolivia, and Brazil, it manages a varied portfolio of mining projects. It is among the best gold stocks on our list.
Stronger metal prices and better operating performance propelled Pan American Silver Corp.’s (NYSE:PAAS) outstanding financial results for the quarter that ended on March 31, 2025. The company reported $773.2 million in revenue and $169.3 million in net earnings, or $0.47 per share. Operating cash flow prior to working capital adjustments was $240.1 million, while adjusted earnings were $153 million. At the end of the quarter, the company had $1.16 billion in total working capital and a healthy $923 million cash position.
Furthermore, 182,200 ounces of gold and 5.0 million ounces of silver were produced in Q1 2025. All-in sustaining costs for the company’s gold and silver sectors were $1,485 and $13.94 per ounce, respectively. The management reiterated its full-year 2025 forecast, predicting increased output in the second half of 2025.
During the quarter, project development funding was allocated to further exploration and optimization of important assets. The La Colorada Skarn project continued to receive investment, and drilling and engineering advancements were also made. Continuous optimization efforts were made in the Jacobina and Timmins operations, and the Escobal consultation process went on without a restart schedule being established.
Pan American Silver Corp. (NYSE:PAAS) repurchased more than 900,000 shares as part of its buyback program and announced a $0.10 per share dividend for the first quarter. The company’s steady outlook and robust cash generation allow it to be committed to strategic growth projects and careful capital allocation until 2025.
8. Coeur Mining, Inc. (NYSE:CDE)
Number of Billionaire Investors: 10
Number of Hedge Fund Holders: 37
North American precious metals manufacturer Coeur Mining, Inc. (NYSE:CDE) operates in the United States, Canada, and Mexico. With properties including Palmarejo, Rochester, Kensington, Wharf, Silvertip, and the recently merged Las Chispas, the company searches for and produces gold, silver, zinc, and lead. It uses long-term off-take agreements to market its metal concentrates. CDE is among the best gold stocks on our list.
Coeur Mining, Inc. (NYSE:CDE) reported $360 million in sales for the quarter that ended March 31, 2025, up from $305 million in Q4 2024 and $213 million in Q1 2024. Adjusted net income from continuing operations was $60 million, or $0.11 per share, whereas GAAP net income was $33 million. At $149 million, adjusted EBITDA showed a significant year-over-year gain and a 28% sequential rise. Despite $130 million in one-time expenditures, such as tax and incentive payments, free cash flow was $18 million.
At low adjusted costs per ounce, Las Chispas alone contributed 7,175 ounces of gold and approximately 714,000 ounces of silver. Profitability was further supported by an improvement in average realized prices to $2,635 per gold ounce and $32.05 per silver ounce. Up to 8.3 million ounces of silver and 75,000 ounces of gold are expected to be delivered by the Rochester site by 2025.
The full-year 2025 production projection of 95,000–105,000 ounces of gold and 5.4–6.5 million ounces of silver was reiterated by Coeur Mining, Inc. (NYSE:CDE). With the help of improved margins, lower leverage, and sustained performance from Las Chispas, the company anticipates generating $75–$100 million in average quarterly free cash flow for the rest of the year. It demonstrated better financial health and operational momentum by ending the quarter with $78 million in cash and a 44% reduction in its revolving credit amount to $110 million.
7. Alamos Gold Inc. (NYSE:AGI)
Number of Billionaire Investors: 10
Number of Hedge Fund Holders: 37
With active mines and development projects in Canada, Mexico, and the U.S., Alamos Gold Inc. (NYSE:AGI) is a Canadian gold producer. With billionaire stakes totaling around $368.5 million, the company, which specializes in the discovery, development, and production of gold, is among the best gold stocks to invest in.
Sales of 118,000 ounces of gold at an average realized price of $2,802 per ounce helped Alamos Gold Inc. (NYSE:AGI) produce $333 million in revenue for the quarter that ended March 31, 2025. $53 million in cash taxes were the main cause of the $20 million negative free cash flow, even though adjusted net earnings of $60 million were reported. Prior to working capital adjustments, the business recorded an operating cash flow of $131 million. However, early-year operating difficulties, especially at Magino and Young-Davidson, were reflected in AISC’s earnings of $1,805 per ounce, which was higher than quarterly guidance.
Notwithstanding early difficulties, production reached 125,000 ounces in Q1 2025, with Island Gold producing 59,200 ounces with an average grade of 11.36 g/t. After correcting ore flow difficulties, Magino experienced an improvement in throughput to 9,500 tpd by late April, and by March, Young-Davidson mining rates were back to design levels. Mulatos provided 30,400 ounces, and it is anticipated that grades will rise during the year.
In addition to anticipating a 20% decrease in AISC for Q2, Alamos Gold Inc. (NYSE:AGI) reiterated its full-year production target of 600,000 ounces. The company is financing a number of expansion initiatives, such as the Phase 3+ expansion at Island Gold, which is currently 75% committed and expected to be finished by early 2026, with $290 million in cash and close to $800 million in liquidity. First production is anticipated in 2028 for the Lynn Lake project and 2027 for the PDA project. Alamos plans to increase throughput and make strategic advancements throughout its asset base in order to achieve a 1-million-ounce production profile in the long run.
6. Barrick Mining Corporation (NYSE:GOLD)
Number of Billionaire Investors: 10
Number of Hedge Fund Holders: 44
With activities in Argentina, Canada, Côte d’Ivoire, the Democratic Republic of the Congo, Papua New Guinea, the Dominican Republic, Tanzania, and the United States, Barrick Mining Corporation (NYSE:GOLD) is a company that explores, develops, and produces gold and copper resources. In addition, it owns exploration and development projects in the Americas, Asia, and Africa, as well as producing copper assets in Zambia, Saudi Arabia, and Chile. As of Q4 2024, billionaire stakes of the firm were valued at $459.8 million, making it one of the best gold stocks.
As anticipated, Barrick Mining Corporation (NYSE:GOLD) reported $0.46 in earnings per share for the fourth quarter of 2024, which ended on March 31, 2025. The company produced strong financial results, with yearly adjusted net earnings of $1.26 per share, up 50% from 2023, and a 30% year-over-year rise in EBITDA. The quarter’s operating cash flow increased 18% to $1.4 billion, helping to reach the highest full-year total since 2020 of $4.5 billion. In 2024, Barrick gave $500 million back to shareholders in dividends and share buybacks, while free cash flow doubled to $1.3 billion.
Operationally, Barrick Mining Corporation (NYSE:GOLD) achieved a 15% quarter-over-quarter production growth in Q4 and decreased expenses, meeting its full-year gold production estimate. Its assets in Nevada improved significantly, and the Lumwana copper mine produced at a record rate. However, export limitations and team member detention caused Loulo-Gounkoto in Mali to experience a disruption in operations, resulting in the mine being placed under temporary care and repair.
With significant projects like the extension of Pueblo Viejo and the Reko Diq copper-gold project in Pakistan, which has a projected 36-year mine life and may produce $74 billion in free cash flow, Barrick Mining Corporation (NYSE:GOLD) is strategically putting long-term growth first. Additionally, the Lumwana Super Pit Expansion has been advanced by the company, adding 20 years to the mine’s lifespan. By 2030, management hopes to raise gold equivalent ounces by more than 30%, and higher capital deployment is anticipated across these significant developments.
5. Agnico Eagle Mines Limited (NYSE:AEM)
Number of Billionaire Investors: 11
Number of Hedge Fund Holders: 53
A prominent gold mining company, Agnico Eagle Mines Limited (NYSE:AEM) operates exploration and production projects in Canada, Australia, Finland, Mexico, and other countries. The company also looks for copper, zinc, and silver in addition to gold. With total billionaire assets valued at $250.3 million as of Q1 2025, Agnico Eagle Mines Limited (NYSE:AEM) is one of the best gold stocks.
Agnico Eagle Mines Limited (NYSE:AEM) posted record financial performance for the quarter ending March 31, 2025, including $2.5 billion in sales and $770 million in adjusted earnings, or $1.53 per share. The company made $1.6 billion in adjusted EBITDA from the production of 874,000 ounces of gold at total cash expenses of $903/oz. Despite more than $500 million in tax-related outflows, free cash flow was $594 million. The company returned $250 million to stockholders, or 42% of its free cash flow, and concluded the quarter with zero net debt, down from $1.5 billion at the beginning of 2024.
Agnico Eagle Mines Limited (NYSE:AEM) maintained solid profitability through steady production delivery and efficient capital management, despite high industry-wide expenses. The route to producing one million ounces per year at Detour Lake and the continuous growth at Canadian Malartic were strategic highlights. Long-term production is also anticipated from the Upper Beaver and Hope Bay projects, while the San Nicolas copper project in Mexico is moving closer to a feasibility study by the end of 2025.
Strong exploration findings at Hope Bay, Detour Lake, and Canadian Malartic were also announced by Agnico Eagle Mines Limited (NYSE:AEM), indicating support for future reserve expansion. If gold prices stay high, the company plans to keep its 2025 cost guidance, aiming for a net cash position above $1 billion, and dramatically increasing share buybacks. In 2026–2027, important development decisions for a number of projects are expected.
4. Royal Gold, Inc. (NASDAQ:RGLD)
Number of Billionaire Investors: 12
Number of Hedge Fund Holders: 42
Royal Gold, Inc. (NASDAQ:RGLD) is involved in the acquisition and management of royalties, precious metal streams, and associated businesses. With operations in the United States, Canada, Chile, the Dominican Republic, Australia, Africa, Mexico, and other countries, the company’s primary focus is on gold, silver, copper, nickel, zinc, and lead.
With $193.4 million in revenue and $136.4 million in operating cash flow, Royal Gold, Inc. (NASDAQ:RGLD) recorded record profitability of $113.5 million ($1.72 per share) in the first quarter of 2025. In addition to selling 67,600 gold equivalent ounces (GEOs), the company’s adjusted net income was $99.8 million ($1.51 per share). The company had great operational efficiency with an adjusted EBITDA margin of 82%. Total liquidity rose to $1.25 billion, and the quarterly dividend was increased to $0.45 per share, a 12.5% increase from the year before.
Regarding commercial expansion, Royal Gold, Inc. (NASDAQ:RGLD) paid back its Rainy River advance stream deposit in full and signed a $50 million gold stream arrangement with Xavantina. Rainy River is predicted to generate 265,000 to 295,000 ounces of gold, while Khoemacau is expected to produce 1.3 to 1.5 million ounces of silver.
The first quarter of 2025 saw an increase in the price of copper, silver, and gold. The average price of gold increased from $2,070 per ounce in Q1 2024 to $2,860 per ounce. Prices for copper and silver also increased dramatically, averaging $4.24 per pound and $31.88 per ounce, respectively. As such, billionaire investors owned $240.9 million worth of stakes in Royal Gold, Inc. (NASDAQ:RGLD), demonstrating their strong belief in the company’s diverse holdings and growth prospects in the face of positive precious metal price trends.
3. Kinross Gold Corporation (NYSE:KGC)
Number of Billionaire Investors: 12
Number of Hedge Fund Holders: 42
The acquisition, exploration, and development of gold properties in the United States, Brazil, Chile, Canada, and Mauritania define Kinross Gold Corporation’s (NYSE:KGC) operations. In addition, the company manufactures silver and works on gold mining property reclamation. The $598.4 million that billionaires own in Kinross Gold shows how confident investors are in the company’s sound foundation and future expansion, helping it rank among the best gold stocks.
According to its yearly projection, Kinross Gold Corporation (NYSE:KGC) produced 512,000 gold equivalent ounces in Q1 2025 at a cost of sales of $10.38 per ounce. Strong free cash flow of $371 million and a decrease in net debt to $540 million were the results of this success. The company was able to achieve strong margins across its portfolio because of the favorable gold pricing environment. Kinross is still in a great financial position with a healthy cash position and $2.3 billion in total liquidity. The business plans to produce 2 million ounces over the course of the year, with an all-in sustaining cost of $15 per ounce and a cost of sales projection of $11.20 per ounce.
Adjusted operating cash flow of $676 million, attributable free cash flow of $371 million, and a cash position of $695 million are the financial highlights for the first quarter of 2025. A $500 million share repurchase program is also planned by Kinross Gold Corporation (NYSE:KGC), demonstrating its confidence in its financial stability. Risks include operational disruptions, shifting gold prices, and exploration difficulties, especially in new project locations, even in a good market scenario.
With a particular focus on brownfield projects, Kinross Gold Corporation (NYSE:KGC) is nevertheless committed to exploration at important locations including Tasiast and Paracatu. While acknowledging Kinross’s emphasis on producing net cash by the end of the year, CEO Paul Rollinson voiced confidence in the company’s production profile and cash flow generation.
2. AngloGold Ashanti plc (NYSE:AU)
Number of Billionaire Investors: 13
Number of Hedge Fund Holders: 31
Multinational gold miner AngloGold Ashanti plc (NYSE:AU) operates in the Americas, Australia, and Africa. Its main purpose is to search for gold, but it also produces byproducts like sulfuric acid and silver. Its African business is anchored on its flagship Geita mine in Tanzania. It is among the best gold stocks to invest in.
A significant financial turnaround was achieved by AngloGold Ashanti plc (NYSE:AU) during the year that concluded on December 31, 2024. Adjusted EBITDA over quadrupled to $2.8 billion, and free cash flow nearly tenfolded to $942 million. A loss from the previous year was reversed when basic earnings reached $1.2 billion. Adjusted net debt decreased 55% to $567 million, while operating cash inflow more than doubled to about $2 billion. The company ended the year with $2.6 billion in total liquidity and $1.4 billion in cash.
Managed operations produced 2.352 million ounces of gold, a 2% increase over the previous year. However, owing to ongoing inflationary pressure, total cash costs increased 4% to $1,157 per ounce. The margin increase was supported by the average realized gold price, which rose 24% to $2,394 per ounce. With a minimum distribution of $250 million, or $0.50 per share, the dividend payout ratio was increased to 50% of free cash flow.
High rains at Tropicana and Iduapriem, as well as poor performance from the Kibali joint venture, caused operational difficulties for the company despite this impressive result. Higher gold prices and tax-related receivables were the main drivers of the increase in working capital outflows.
AngloGold Ashanti plc (NYSE:AU) anticipates that between 2.9 and 3.2 million ounces of gold will be produced in 2025, with cash expenses estimated to be between $1,125 and $1,225 per ounce. Cost control is still a top concern, but growth capital will increase as a result of significant expenditures in Sukari and Nevada. The company still prioritizes dividend stability above share buybacks in an effort to win over investors with steady returns.
1. Newmont Corporation (NYSE:NEM)
Number of Billionaire Investors: 13
Number of Hedge Fund Holders: 69
Newmont Corporation (NYSE:NEM) is among the best gold stocks according to billionaires, as 13 billionaires hold stakes in the company. With a significant global presence in resource-rich areas, the company manages a diverse portfolio of gold, copper, silver, and other metal assets throughout Australia, West Africa, and North and South America.
Newmont Corporation (NYSE:NEM) reported record operational cash flow of $2 billion and free cash flow of $1.2 billion in Q1 2025, which ended on March 31. This was the company’s biggest first-quarter cash flow ever. In line with full-year forecasts, 1.5 million ounces of gold and 35,000 tons of copper were produced. Additionally, the company reported a strong adjusted net income of $1.25 per diluted share and $2.6 billion in adjusted EBITDA. With $4.7 billion in cash on hand, Newmont is well-capitalized going into the second half of the year.
Additionally, the company successfully sold off six non-core businesses, releasing $3.2 billion in post-tax income. In 2025, almost $2.5 billion of this was realized, with an extra $1.2 billion from deferred consideration and stock holdings. Over the course of the last year, Newmont Corporation (NYSE:NEM) repurchased almost $2 billion worth of shares as part of its $3 billion buyback program and utilized a portion of these profits to pay down $1.5 billion in debt.
Operationally, gold production is expected to pick up speed, with the second half of 2025 accounting for about 52% of total output. While the Ahafo North project is still on schedule to produce its first gold by the end of 2025, key assets like Tanami and Boddington are expected to generate increased volumes in H2 2025. Additionally, Newmont Corporation (NYSE:NEM) is giving Red Chris development first priority and expects Lihir to continue to grow starting in 2028.
In the future, Newmont Corporation (NYSE:NEM) intends to exploit high gold prices and continuous central bank demand to stabilize its 11 controlled operations and carry out capital return schemes. Newmont is still in a strong position in the precious metals market, thanks to the support of numerous billionaires and a well-defined production and balance sheet expansion strategy.
Overall, Newmont Corporation (NYSE:NEM) ranks first on our list of the best gold stocks to invest in according to billionaires. While we acknowledge the potential of NEM, our conviction lies in the belief that certain AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than NEM but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
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