Monday , 2 October 2023

These 5 Gold Mining Companies Have EBITDA Margins Much Higher Than the Industry Average (+2K Views)

Whether it be dollar for dollar or ounce for ounce, the 5 companies on our list beat the industry average EBITDA (earnings before interest, tax, depreciation, and amortization) margin of 28%.

The comments above & below are edited ([ ]) and abridged (…) excerpts from the original article SmallCapPower.com

The EBITDA margin is a measure of a company’s operating profitability as a percentage of its total revenue and it allows investors to compare companies of difference sizes in different mining jurisdictions.

Below are the 5 gold stocks (not just small cap) that have the highest EBITDA margins.

1. Centerra Gold Inc. (TSX: CG/PINK:CAGDF)
Gold

Centerra Gold Inc. is a Canada-based gold mining company focused on operating, developing, exploring and acquiring gold properties in Asia, North America and other markets across the world.

  • Market Cap: $2,059.3 million
  • Total Revenue (LTM): $1,003.7 million
  • Debt to Equity (LTM): 27.1%
  • EBITDA Margin (LTM): 50.7%

2. Barrick Gold Corp. (NYSE/TSX: ABX)
Gold

Barrick Gold Corporation (Barrick) is a gold mining company engaged principally in the production and sale of gold and copper, as well as related activities, such as exploration and mine development….The Company has nine producing gold mines, which are located in Canada, the United States, Peru, Argentina, Australia and the Dominican Republic.

  • Market Cap: $26,486.3 million
  • Total Revenue (LTM): $11,382.3 million
  • Debt to Equity (LTM): 99.9%
  • EBITDA Margin (LTM): 49.3%

3. Semafo Inc. (TSX: SMF/PINK:SEMFF)
Gold

SEMAFO Inc. is a Canada-based mining company. Its primary property is Mana project, which is located in Burkina Faso…

  • Market Cap: $1,024.7 billion
  • Total Revenue (LTM): $394.1 million
  • Debt to Equity (LTM): 8.1%
  • EBITDA Margin (LTM): 49.0%

4. Guyana Goldfields Inc. (TSX: GUY/PINK:GUYFF)
Gold

Guyana Goldfields Inc. is a Canada-based mineral development and exploration company focused primarily on the acquisition, exploration and development of gold deposits in Guyana, South America…

  • Market Cap: $1,122.5 million
  • Total Revenue (LTM): $254.9 million
  • Debt to Equity (LTM): 23.3%
  • EBITDA Margin (LTM): 47.6%

5. B2Gold Corp. (NYSE:BTG/TSX: BTO)
Gold

B2Gold Corp. is a Canada-based gold producer with producing and/or development mines in Mali, Colombia, Burkina Faso, Finland, Chile and Nicaragua…

  • Market Cap: $3,273.8 million
  • Total Revenue (LTM): $897.3 million
  • Debt to Equity (LTM): 33.7%
  • EBITDA Margin (LTM): 46.1%
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2 comments

  1. I like this article, thank you for sharing, but I also would include Polyus Gold International.

    As their EBITDA margin for 2015 stood at 58%. Source: http://pgil.polyusgold.com/upload/investors/annual_reports/Polyus_AR2015.pdf

    I am unsure if the company has kept operating since then, as their website has not been updated. Since it is a Russian-based corporation perhaps they’re yet to share updated results.

    Greetings from Mexico.