These are 9 of the biggest and very best gold companies to own in 2024.

So, you're interested in the potential of gold and want to invest in gold stocks? You've got a few options. One common choice is to buy an ETF, which provides diversification but comes with management fees and might include both good and not-so-good companies in the mix.

Another option is to go for a managed mutual fund, but you'll have to pay a 2% annual fee for that privilege. Or, you can take matters into your own hands by evenly distributing your money among these nine gold companies, effectively creating your own ETF with no management fees and consisting solely of top-tier companies.

Let's dive into the first company on my list, Agnico Eagle Mines. This company boasts a long history of excellence in tier one mining jurisdictions like Canada, Finland, and Australia, which sets them apart from many competitors operating in less stable regions. They also have an impressive track record of paying dividends, even during bear markets, a rarity in the gold mining industry. However, it's important to note that while they've done well controlling costs, expenses have been on the rise, and their stock is not cheap. As always, the gold sector carries inherent risks, so thorough research is essential before investing.

Next up is B2Gold, a company known for not only performing well but also being a good corporate citizen. Their operations in challenging locations like Mali have showcased their commitment to responsible mining. They're also one of the industry's top dividend payers and maintain a strong balance sheet. However, a significant portion of their production comes from Mali, which isn't the most politically stable jurisdiction.

Moving on to Barrick Gold, the second-largest gold producer globally, with significant copper exposure. Led by CEO Mark Bristow, widely regarded as the best in the business, Barrick boasts top-tier assets and an impressive development pipeline. They also maintain a strong balance sheet. However, the company faces risks due to the unstable jurisdictions of many of their assets and a significant increase in production costs over the last five years.

Pan American Silver, despite its name, derives the majority of its revenue from gold. Led by mining entrepreneur Ross Beaty, the company is known for effective operations. Their stock price has recently faced challenges but has the potential for significant growth if they gain government approvals for mines in Guatemala and Argentina, which could double their silver production. However, their operations in Mexico and Peru, which have seen unfriendly mining policies recently, pose risks.

Osisko Gold Royalties is a royalty company with low costs and significant margins. They own arguably the world's best gold royalty. However, the sudden ousting of their CEO without explanation raises concerns. Additionally, their sizable exposure to development companies like Osisko Mining and Osisko Development might not align with investors seeking the safety of a royalty company.

Franco Nevada, the largest of the gold royalty companies, is known for its smart capital allocation and diversification. It boasts low operating costs, robust margins, a solid balance sheet, and continually expanding assets. However, its quality comes at a price, as the stock isn't cheap.

Wheaton Precious Metals, another major streaming company, maintains a strong track record of capital allocation decisions. Their share price steadily climbs due to growing revenues and intelligent reinvestment. They offer high and predictable margins and cash flow. Like Franco Nevada, Wheaton Precious Metals commands a premium due to its quality.

Royal Gold, one of the big three royalty and streaming companies, possesses excellent assets and management. Their stock consistently performs well over time and maintains low costs. However, similar to the others on this list, it doesn't come cheap due to its high-quality reputation.

Lastly, we have Sandstorm Gold, which stands out as one of the top mid-tier royalty companies. They've acquired excellent assets, continuously replenishing their gold reserves. Low costs, great margins, and a promising development pipeline add to their appeal. However, recent decisions by the CEO and the company's increased debt levels pose some risks.

These nine gold companies offer unique advantages and come with their own set of risks. Remember that the gold sector carries inherent uncertainties, so it's crucial to conduct thorough research and consider your investment goals and risk tolerance before making any decisions.

Thanks for watching!

0:00 - Gold investing options
0:40 - One of the best gold producers
1:50 - Great dividend payer
2:32 - Best CEO
3:36 - Best silver company
4:38 - Cheapest mid-tier royalty company
5:44 - The biggest and best
6:16 - Best streaming company
6:58 - One of the big three
7:43 - My favorite mid-tier royalty company

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