5 Best Mining ETFs

3. L&G Gold Mining UCITS ETF (BIT:AUCO)

5-Year Performance as of September 9: 70.23%

The L&G Gold Mining UCITS ETF (BIT:AUCO) seeks to replicate the performance of the Global Gold Miners Index. This index tracks the leading gold mining companies that generate at least 50% of their revenue from gold mining activities. The ETF fully replicates the index’s performance and reinvests accumulated dividends. L&G Gold Mining UCITS ETF (BIT:AUCO) is one of the best mining ETFs. The fund currently has an expense ratio of 0.65%.

Gold Fields Limited (NYSE:GFI) is one of the top holdings of the L&G Gold Mining UCITS ETF (BIT:AUCO). Gold Fields Limited (NYSE:GFI) is a gold producer that operates in Chile, South Africa, Ghana, West Africa, Australia, and Peru. The company also explores for copper deposits. It owns nine operating mines and holds significant gold mineral reserves and resources.

According to Insider Monkey’s second quarter database, 21 hedge funds were bullish on Gold Fields Limited (NYSE:GFI). This number increased from the previous quarter when 12 funds had invested in the stock. William B. Gray’s Orbis Investment Management is the largest position holder in the company, with 8.7 million shares worth $120.15 million.

Here is what Baron Funds specifically said about Gold Fields Limited (NYSE:GFI) in its Q2 2022 investor letter:

“Gold Fields Limited (NYSE:GFI) is an established gold producer based in South Africa with a diversified global portfolio of precious metals assets. Shares fell due to the pullback in gold prices and the company’s announced acquisition of gold producer Yamana Gold at a large premium. We are positive on gold prices and expect continuous improvements in Gold Fields’ cash costs. We expect at least 50% production growth over the next decade as the company ramps up volumes, including Yamana’s high quality development projects in Chile, Canada, and Brazil.”