11 Best Gold Mining Companies to Invest in Right Now

9. Coeur Mining, Inc. (NYSE:CDE)

Number of Hedge Fund Holders: 28

Coeur Mining, Inc. (NYSE:CDE) is a diversified precious metals company specializing in the extraction and production of silver and gold. The corporation operates mines in Palmarejo, Rochester, Wharf, and Kensington, as well as projects throughout North America.

Coeur Mining, Inc. (NYSE:CDE) announced in October 2024 that it would purchase SilverCrest metals for $1.7 billion in equity. This deal, expected to be finalized in February of this year, would add the high-grade Las Chipas mine in Mexico to Coeur’s portfolio. The merged company is estimated to generate 21 million ounces of silver and 432,000 ounces of gold annually. Furthermore, projections indicate that the acquisition will improve Coeur’s free cash flow immediately and reduce its debt ratio by 40%.

Gold output at Coeur’s Rochester mine grew by almost 20% in the third quarter of 2024 compared to the previous quarter, owing to improved operational metrics and optimization initiatives. Furthermore, the company earned $69 million in free cash flow in the quarter, which was mostly utilized to repay its revolving credit facility.