Gold mining basket companies on LSE

wmb194

NoseyParkersHelper said:

wmb194 said:

k12479 said:

It hasn't been around 100 years I don't think but the OP could look at Barrick Gold, $34.8b market cap, 1.99% dividend yield paid quarterly, but it's listed in New York (GOLD.N) and Toronto (ABX.T, primary listing). The data on my charts goes back to 1985.

I think he'll find there isn't a great correlation - I'm guessing the OP's hoping for a leveraged play on the gold price. After all, mining companies have all of the operational problems of mines...

So your saying that Barrick Gold is a mining company and pay near 2% dividends per quarter. 8% a year right?

Yer I was looking for something that would kind of match gold prices and pay out a small proffit. What is the point in harding gold (meal money) under the matterass if you cant make any profit out of using it somehow

No, usually when yields are discussed they're the historical annual amount so in this instance it's a historical 1.99% p.a. paid quarterly. Dividends aren't guaranteed and they can rise and fall and Barrick's have varied but it looks like it's aiming to pay at least US10c per share per quarter.

https://www.barrick.com/English/investors/shares-and-dividends/default.aspx

Part of the point of owning gold is that it's away from the financial system so if it crashes you will be insulated from the negative consequences. Hedging always has a price and with gold you'll have a hard time earning a yield plus there will be storage costs and/or the risk of theft.

wmb194

NoseyParkersHelper said:

wmb194 said:

The iShares Global Gold Miners ETF should give the OP some ideas - take a look at its holdings e.g., Newmont, Kinrossi Gold Corp, Barrick Gold, Wheaton Precious Metals.

https://www.ishares.com/us/products/239654/ishares-msci-global-gold-miners-etf#/

wmb194 said:

The iShares Global Gold Miners ETF should give the OP some ideas - take a look at its holdings e.g., Newmont, Kinrossi Gold Corp, Barrick Gold, Wheaton Precious Metals.

https://www.ishares.com/us/products/239654/ishares-msci-global-gold-miners-etf#/

Sorry I did not get chance to respond to you on my last post.

But I have had a short look at the link and I dont understand on it where it states "Holding". I mean the page hardly works and keeps crashing the machine

Where dose it state what it pays out in divid ends per year?

Thanks

Works fine for me, try a different browser without blockers and things if you use them. The annual historical/trailing yield on this one is 1.45% - look in the, "portfolio characteristics" section.

NoseyParkersHelper

wmb194 said:

No, usually when yields are discussed they're the historical annual amount so in this instance it's a historical 1.99% p.a. paid quarterly. Dividends aren't guaranteed and they can rise and fall and Barrick's have varied but it looks like it's aiming to pay at least US10c per share per quarter.

So are you saying then that yields are guaranteed and may pay out more then last years 1.99%/ quarter what they quoted?

NoseyParkersHelper

wmb194 said:

Part of the point of owning gold is that it's away from the financial system so if it crashes you will be insulated from the negative consequences. Hedging always has a price and with gold you'll have a hard time earning a yield plus there will be storage costs and/or the risk of theft.

Sure! Other points to bear in mind is that they dont print as much gold as they do money

But I am interested in something that may preform like gold except it will pay out like any stable stock in a failing financial system, if and when it happens

NoseyParkersHelper

wmb194 said:

Works fine for me, try a different browser without blockers and things if you use them. The annual historical/trailing yield on this one is 1.45% - look in the, "portfolio characteristics" section.

Thanks! So again is the yield last years guaranteed pay out and may be more?

wmb194

NoseyParkersHelper said:

wmb194 said:

Works fine for me, try a different browser without blockers and things if you use them. The annual historical/trailing yield on this one is 1.45% - look in the, "portfolio characteristics" section.

Thanks! So again is the yield last years guaranteed pay out and may be more?

Dividends are never guaranteed but if you look at the companies and their payout histories you might be able to get a feel for how reliable they are but in my experience mining companies' dividends tend to be variable.

Berezny

One of the most prominent gold mining companies traded on the LSE is Barrick Gold (ticker: GOLD). As one of the largest gold producers globally, Barrick operates in 18 countries, providing exposure to a broad array of mining assets. The company has a history of paying dividends, supported by its profitability and operational scale. However, like many gold miners, its share price fluctuates in response to both gold prices and its operational performance.

wmb194

Berezny said:

One of the most prominent gold mining companies traded on the LSE is Barrick Gold (ticker: GOLD). As one of the largest gold producers globally, Barrick operates in 18 countries, providing exposure to a broad array of mining assets. The company has a history of paying dividends, supported by its profitability and operational scale. However, like many gold miners, its share price fluctuates in response to both gold prices and its operational performance.

In the conventional, easily accessible sense Barrick isn't listed in London and GOLD.L isn't a ticker for any company: GOLD is its ticker in New York.

Its Canadian shares trade in London under 0R22 but brokers where I've looked - T212, Freetrade, iWeb - aren't offering this.

https://www.londonstockexchange.com/market-stock/0R22/barrick-gold-corp/overview

deejaybee

Slightly off topic, but this thread gives me the shivers....back around 2007 ish i read some research from HL which surmised that to leverage gold price increase, to invest in precious metal mining companies....

So i stuck 40K into a Blackrock Mining fund ( cant remember proper name ) and while it did ok, up 10% or so, the actual gold price trebled during that time.... i was pretty dis-chuffed !!

mebu60

deejaybee said:

So i stuck 40K into a Blackrock Mining fund ( cant remember proper name ) and while it did ok, up 10% or so, the actual gold price trebled during that time.... i was pretty dis-chuffed !!

Blackrock Gold & General?