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Five Best Gold Stocks to Invest in Now For Long Term Investment - YouTube
Channel: Stocks Telegraph
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[Music]
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gold stocks hit the limelight in 2020 as
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its price climbed to record highs on
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pandemic related fears driving the stock
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market down sharply
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since then gold prices have tapered off
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a bit leading many to believe that the
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precious metal is undervalued
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with the recent events in russia and
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ukraine prices are on the rise once
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again
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moreover due to rising inflation
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investors are looking for a safe place
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to park their money
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investing in safe haven assets gold is
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the best option
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it has long been considered the gold
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standard for an inflation hedging
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investment
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instead of purchasing physical gold
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investors can find the top gold stocks
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to invest in
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therefore we have compiled the five best
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gold stocks to invest in 2022
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but before moving forward if you're new
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to our channel please subscribe to it
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and share it within your circle
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do let us know your thoughts in the
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comment section below
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without further ado let's kick off with
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the first gold stock
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first gold stock on our list is barrick
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gold having the ticker gold
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barrick gold corporation is one of the
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largest gold specific miners out there
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with a market value of around 43 billion
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dollars
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the company has ownership interests in
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gold mines that are located mainly in
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africa and the us
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it produces more than 500 000 ounces of
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gold per year
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by focusing on the operation of large
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mines with significant remaining
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resources barrick can produce gold at a
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relatively steady pace for years
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the company expects to produce an
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average of about 5 million ounces per
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year through 2030.
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barrick also forecasts that its all in
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sustaining costs will decline in the
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coming years
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that's almost 1 000 per rounds in 2020
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to around 800 per ounce by 2025.
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because of its focus on reducing costs
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barracks profits should continue to rise
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even if gold prices modestly decline in
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2022 industrial companies plan to
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produce 64 tonnes a little more than
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last year
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barrick gold is by far the largest
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producer with a forecast of 20.8 tonnes
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for next year
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being one of the largest producers in
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the world geo ld stock seems a great buy
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second stock on our list is franco
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nevada having the ticker fnv
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franco nevada is a canada-based
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streaming and royalty company
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it has a diversified portfolio with
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agreements tied to gold silver the
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platinum group metals iron ore oil and
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gas
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in the recent fourth quarter of 2021 60
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of its revenue came from gold a major
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benefit of franco nevada's focus on
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royalties and streaming is that it
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reduces risk
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it doesn't face the capital and
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operating cost overruns that have
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historically plagued mining companies
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at the same time franco nevada's
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agreements position it to profit as its
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mining partners complete exploration and
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expansion projects the company's
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streaming and royalty contracts provide
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it with the ability to generate lots of
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cash by selling the physical commodities
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it receives
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that cash flow enables it to invest in
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new deals and pay a dividend which the
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company has increased each year since
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its ipo in 2008.
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the company also boasts a debt-free
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balance sheet which is a rarity in the
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mining industry
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that gives it even more financial
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flexibility to invest in new royalty and
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streaming agreements
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because franco nevada can profit from
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gold mining without exposure to the
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risks of mine development its stock has
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historically outperformed the price of
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other gold mining stocks
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all of these factors make fnv ideal as a
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gold stock
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we hope you have enjoyed this video thus
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far
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do let us know your favorite gold stocks
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in the comment section below
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make sure to hit the like button
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your support will help us grow
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next gold stock on our list is kin ross
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gold having the ticker cage gc
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kin ross gold engages in the production
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acquisition exploration and development
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of gold-bearing properties
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with the stock price dropping nearly 22
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in the last year analysts remain bullish
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on it
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though the recent fourth quarter results
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were not that attractive kgc holds
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massive upside
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kinross reported a net loss of 2.7
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million in the fourth quarter of 2021
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against a profit of
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783.3 million a year ago
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while revenues dropped by 26.4 percent
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year-over-year to
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879.5 million dollars
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however adjusted earnings came in at 8
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cents per share topped the x consensus
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estimate of 6 cents
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in 2022 kinross expects to produce 2.65
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million ounces of gold
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it expects a production cost of sales of
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830
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per gold equivalent ounce
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all in all sustaining cost per rounds
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for 2022 is projected at 1001
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capital expenditures are predicted at
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around 1050 million dollars for this
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year
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in 2023 and 2024 the company expects
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capital expenditures to be one billion
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dollars in line with 2022 levels
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with rising gold prices kin ross will
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benefit from it kgc recently announced
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that its la coypa project in chile has
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poured its first gold bar kinross raised
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the expected life of this project by 45
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to roughly 1 million gold equivalent
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ounces at the end of 2021.
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the company intends to evaluate
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opportunities to further expand la
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coypa's mine plan
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moreover kinross has made some key
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strategic developments lately kgc stock
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is a perfect buy at the moment
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fourth gold stock on our list is gold
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fields limited having the ticker gfi
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goldfields is a gold mining stock with
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reserves in south america africa and
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australia
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the company also explores copper
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deposits but as you can tell by the name
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it's the gold that really interests this
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corporation gfi currently holds
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interests in nine operating mines with
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an annual production of about 2.24
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million ounces
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and there's no risk of those mines
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running dry anytime soon as its
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estimated reserves total approximately
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116 million ounces
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that's a run rate of more than 50 years
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at that production level in 2021 the
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company posted profits of
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789 million dollars
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that is more than the profit of
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723 million dollars in 2020.
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despite the challenges experienced
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during 2021 goldfields had a solid
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operational performance achieving both
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production and cost guidance for the
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year
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the company reported a free cash flow of
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463 million dollars
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while the adjusted free cash flow from
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operations was
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913 million dollars
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2022 is going to be another big capex
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year for gold fields given the deferral
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of spending at salaries norte
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also the elevated level of sustaining
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capex across the portfolio to maintain
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the production base of the group
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looking into the long term gfi looks
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like a great stock to invest in now
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last gold stock on our list is wheat and
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precious metals having the ticker wpm
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wheaton precious metals is a canadian
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mining company that engages in the sale
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of precious metals including gold and
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cobalt production
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it operates two dozen mining assets and
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is currently developing seven more to
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ensure a steady stream of precious
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metals for years to come known
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previously as silver wheaton it changed
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its name to wheat and precious metals in
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2017.
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company decided on the growing
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importance of its gold deposits
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that has really attracted gold investors
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towards wpm increasing the significance
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of the stock in the fourth quarter of
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2021 wheaton generated revenue of
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278 million dollars with gold comprising
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51 of the revenue
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for the full year the company posted 1
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202 million
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with 47
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gold revenues
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it generated operating cash flow of
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195 million dollars and
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845 million dollars for the three months
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and full year respectively in 2022 gold
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equivalent production is forecast to
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remain comparatively unchanged relative
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to 2021.
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wheaton expects to produce gold between
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350 000 ounces to 380 000 ounces
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with things looking good in the gold
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sector the company may report surprising
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results with over seven buy ratings wpm
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stock is clearly an analyst favorite
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the stock has also earned an outperform
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smart score from rbc capital markets
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that was it from the video and we hope
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you'd have enjoyed it
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