Commodity Equities » Gold Stocks in Motion

The MineFund Gold Equity Index in Motion provides an animated view of key metrics for the world's leading gold stocks. The GEX is a U.S. dollar market capitalization weighted index (January 2011 = 100). See the table below for additional information on the component stocks. To see the GEX, use the interactive chart.

Stocks must meet the following criteria to be included in the GEX:

  • Have attributable annual gold production equal to or exceeding 450,000 troy ounces.
  • Gold production at or above that rate has been recorded for two consecutive trailing years.
  • Attributable proven and probable gold reserves are not less than 10 million troy ounces.

Note that Bueneventura has not been included because of the difficulty in obtaining regular standardized reporting. Additional metrics will be added to the motion chart this year.

Gold Stocks in MotionMonthly Averages. January 2005 to Present.

Gold Equity Index - Daily | Gold Equity Index - Monthly | Gold Equity Leverage Index - Daily | Gold Equity Leverage Index - Monthly

Sources: MineFund Analytics | London Bullion Market Association| Company Reports

Components: AngloGold Ashanti (AU); Agnico-Eagle (AEM); Barrick Gold (ABX); Eldorado Gold (EGO); Gold Fields (GFI); Goldcorp (GG); Harmony Gold (HMY); IamGold (IAG); Kinross Gold (KGC); Newcrest Mining (NCM); Newmont Mining (NEM); Randgold Resources (GOLD); Yamana Gold (AUY).

© Copyright 2010-2012, MineFund & Alpha Found, LLC.

Although every care has been taken to ensure that this data is accurate, MineFund cannot accept responsibility for sourcing variances, mistakes, errors or omissions or for any action taken in reliance thereon. Use of this data is governed by MineFund's Terms of Conditions.

Notes:

  1. Cash costs = US$/oz. According to Gold Institute standards. Co-product basis whenever possible.
  2. Gold price = US$/oz. Monthly average London Afternoon Gold Fix.
  3. Market capitalization = US$ millions.
  4. Production = Monthly average production in thousands of ounces. Based on reported or projected quarterly production.
  5. Production / '000 shares = Troy ounces of gold production per thousand common shares outstanding.
  6. Received gold price = price of gold received by company from sales of production.
  7. Reserves= Millions of troy ounces of proven and probable reserves.
  8. Reserves / '000 shares = Troy ounces of proven and probable reserves per thousand common shares outstanding.

MineFund Gold Equity Index Components

TICKERCOMPANYM. Cap (90DMA)Rsrvs (Moz)MC/ Res ozP/IRVPrdctn (Koz)MC/ Pro oz
CA:ABXBarrick Gold20648140147406.007336281
CA:GGoldcorp1860867277612.002486748
ZA:ANGAngloGold53197472246.003861138
ZA:GFIGold Fields27215252237.00291493
UK:RRSRandgold619816379626.00828748
ZA:HARHarmony Gold11845024112.001182100
CA:KKinross Gold52956089246.002678198
US:NEMNewmont1168499118325.004797244
CA:ELDEldorado Gold434026169478.00690629
CA:YRIYamana Gold683018386657.001027665
CA:IMGIamgold141511125643.00811174
CA:AEMAgnico-Eagle490319258410.001026478
AU:NCMNewcrest59768768314.002055291
CA:OSKOsisko214410212522.00408526
Total/Avg97265729.6169.7416.732099379.5

© Copyright 2010-2012, MineFund & Alpha Found, LLC.

Although every care has been taken to ensure that this data is accurate, MineFund cannot accept responsibility for sourcing variances, mistakes, errors or omissions or for any action taken in reliance thereon. Use of this data is governed by MineFund's Terms of Conditions.

Notes:

  1. MKT CAP = US dollar market capitalization (in millions) average from prior 90 days.
  2. Reserves = proven and probable reserves (in millions of troy ounces) most recently reported to regulatory authorities.
  3. MC/Res oz = Market capitalization divided by ounces of reserves. A widely accepted peer comparison method.
  4. P/IRV = Current stock price divided by the Implied Reserve Value (IRV) per share. When the resulting value is below 1 the stock trades at a discount to the nominal value of its reserves. IRV is highly correlated (R2 = 0.95) with market capitalization per reserve ounce. A widely accepted peer comparison method.
  5. Production = trailing 4 quarters of gold production (in thousands of troy ounces) most recently reported to regulatory authorities.
  6. MC / Pro oz = Market capitalization divided by ounces of TTM production.