![]() ![]() The latest quarterly dividend of $0.0538 was paid out on September 8. The company has a dividend yield of 5.24% as of September 23 and a payout ratio of 33.96%. Even though the company suspended production in the Öksüt mine for the rest of the year due to the detection of mercury, there are still over 58,000 ounces of gold from the mine, ready to be processed. ![]() (NYSE:CGAU) produced $314 million of mine-site FCF. To put things into perspective, two of the gold mines owned by Centerra Gold Inc. The company’s enterprise value is close to $418 million as of mid-September. After the settlement of the Kumtor mine dispute with the Kyrgyz government and its Q2 results, the stock fell by 20% even though it was trading at fair value. (NYSE:CGAU) is currently one of the best Canadian gold stocks to buy now because of the discounted price it is selling for. 71% of the gold was produced in Quebec and Ontario.Ĭenterra Gold Inc. It is the country’s most valuable mined commodity and the production of gold in the country increased by 78% in 2020 from its 2010 levels. With 182 tonnes of gold production in 2020, Canada was ranked as the fifth largest producer of gold. In Canada, the production value of gold was approximately $12.3 billion in 2020. Jewelry as an end-use held the most significant market share at $107.3 billion, which is forecasted to grow to $124.6 billion by 2026. According to a market report from 2021, the global gold mining market is expected to grow from $214.1 billion in 2021 to $249.6 billion by 2026, at a CAGR of 3.1% for the period. Despite the pandemic-induced recession, the commodity posted 33% in returns for investors in the year. However, it saw a significant change in 2020. Gold underperformed the broader market from 2010-2019. To skip the detailed analysis on the subject, go directly to 5 Best Canadian Gold Stocks to Buy Right Now. In this article, we discuss 10 best Canadian gold stocks to buy now. ![]()
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