2017 Shortlist of gold investment recommendations

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Goldletter I N T E R N A T I O N A L th e in te rn a tio n a l in d ep e n d en t in fo rma tio n a n d a d vice b u l let in fo r g o ld a n d re la t ed in ve st men t s

2017 Shortlist of Gold investment recommendations as at 30 June 2017 Company

Trading symbol

Share price 30 June Year-end 2017 2016 Cdn$

Cdn$

TSX TSX TSX

20.63 58.48 15.85

21.49 56.45 14.40

NEM

NYSE

US$ 31.59

Australia (3) Newcrest Mining Northern Star Resources Alacer Gold (also Turkey)

NCM NST AQG

ASX ASX ASX

China (1) Zijin Mining

2899/601899

Burkina Faso (1) Roxgold

ROXG

Canada (3) Barrick Gold Agnico Eagle Mines Osisko Gold Royalties

ABX AEM OR

U.S. (1) Newmont Mining

TSX.V

Change Market in % capitalization local US$ 30/6/2017 31/12/2016 US$ bln.

US$ bln.

Change MC in % 2017/2016

-4.0 3.6 10.1

-3.8 3.5 9.7

18.4 10.4 1.0

18.5 9.4 1.5

-1 11 -33

US$ 34.07

-7.3

-7.3

16.8

18.1

-7

A$ 20.16 4.75 2.14

A$ 20.25 3.62 2.29

-0.4 31.2 -6.6

-0.4 29.3 -6.2

11.8 2.2 0.5

11.2 1.6 0.5

5 38 0

HK$ 2.58

HK$ 2.50

3.2

3.2

7.1

6.9

3

Cdn$ 1.12

Cdn$ 1.21

-7.4

-7.1

0.3

0.4

-25

*

* Osisko Gold Royalties included as at 1 May 2017

Removed as at: March 6, 2017: Nord Gold *

NORD

6/3 3.45

LSE

31/12 3.20

Change in %

Change in % MC 2016/17

8

8

* delisted at 16 March 2017; tendered at US$ 3.45 for a gain of 7.6% since year-end 2016

Market performance 2017 (in US$) as at 30 June 2017: Market performance 2016 (in US$):

2.9% 88.7%

Market capitalization 2017 (in US$) as at 30 June 2017: Market capitalization 2016 (in US$):

-0.1% 99.5%

Gold price HUI-Index

30/6/2017

31/2/2016

Change

1,242 185.71

1,159 182.31

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Goldletter International ● a publication by Metal Commodities Investment Platform, the Netherlands ● Marino G. Pieterse, Publisher and Editor ● Information and investment comments are independently and thoroughly researched and believed correct. No guaranty of absolute accuracy can be given however. ● Investment decisions are fully made for own risk ● tel.: +31-251-828247 ● Chamber of Commerce 58330445 ● www.metalcommodities-ip.com ● e-mail: marino.pieterse@metalcommodities-ip.com


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