9 Best Gold Mining Companies to Buy With High Upside Potential

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6. AngloGold Ashanti plc (NYSE:AU)

Stock Upside Potential: 30.01%

Number of Hedge Fund Holders: 31

AngloGold Ashanti plc (NYSE:AU) is one of the best gold mining companies to buy with high upside potential. On March 26, AngloGold Ashanti plc (NYSE:AU) reiterated that its Arthur Gold Project in Nevada is a tier-one gold deposit with robust economics and strong potential.

The remarks follow a pre-feasibility study that identified a probable mineral reserve of 4.9 Moz of contained gold. The reserve consists of 88 million tons at 1.75 grams per tonne gold and 2.76 grams per tonne silver. The study supports a nine-year mine life with average annual production of 500,000oz.

At the Merlin deposit, the company also detailed an Indicated Mineral Resource of 1.0 Moz and an Inferred Mineral Resource of 5.5 Moz.

The Arthur Gold Project is a cornerstone of AngloGold Ashanti’s strategy to build a world-class, long-life production platform, given its significant mineral reserves. Backed by a world-class orebody, discipline, and a capital approach, the company has a clear roadmap to growth and long-term shareholder value.

AngloGold Ashanti plc (NYSE:AU) is a leading global gold mining company with a diverse portfolio of operations and projects across four continents. It explores, mines, and produces gold while also producing by-products like silver and sulphuric acid.

While we acknowledge the potential of AU to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AU and that has 100x upside potential, check out our report about the cheapest AI stock.

Click to continue reading and see the 5 Best Gold Mining Companies to Buy With High Upside Potential.

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