woensdag 8 april 2020

Lowest cost gold mines

If you're planning on investing into some gold miners, try to buy the lowest cost gold mines. B2Gold is a good candidate. 


- open pit gold mine
- long mine life 10+
- high operating cashflow ($700 million)
- no coronaproblems
- low cost
- low debt
- pays dividend
- growth 
- owned by Peter Schiff fund
- buyout target

Here is the latest financial statement and when we calculate:
free cash flow = operating cash flow - capital expenditures from investing activities = $491 - $262 = $292 million free cash flow.  In 2020 however, the company is expecting $700 million cashflow, so that means free cash flow will be in the $500 million. Compared to the market cap of $4 billion this is extremely cheap.


Make sure to avoid negative swap line countries.




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