[Music] gold stocks hit the limelight in 2020 as its price climbed to record highs on pandemic related fears driving the stock market down sharply since then gold prices have tapered off a bit leading many to believe that the precious metal is undervalued with the recent events in russia and ukraine prices are on the rise once again moreover due to rising inflation investors are looking for a safe place to park their money investing in safe haven assets gold is the best option it has long been considered the gold standard for an inflation hedging investment instead of purchasing physical gold investors can find the top gold stocks to invest in therefore we have compiled the five best gold stocks to invest in 2022 but before moving forward if you're new to our channel please subscribe to it and share it within your circle do let us know your thoughts in the comment section below without further ado let's kick off with the first gold stock first gold stock on our list is barrick gold having the ticker gold barrick gold corporation is one of the largest gold specific miners out there with a market value of around 43 billion dollars the company has ownership interests in gold mines that are located mainly in africa and the us it produces more than 500 000 ounces of gold per year by focusing on the operation of large mines with significant remaining resources barrick can produce gold at a relatively steady pace for years the company expects to produce an average of about 5 million ounces per year through 2030.
barrick also forecasts that its all in sustaining costs will decline in the coming years that's almost 1 000 per rounds in 2020 to around 800 per ounce by 2025. because of its focus on reducing costs barracks profits should continue to rise even if gold prices modestly decline in 2022 industrial companies plan to produce 64 tonnes a little more than last year barrick gold is by far the largest producer with a forecast of 20.8 tonnes for next year being one of the largest producers in the world geo ld stock seems a great buy second stock on our list is franco nevada having the ticker fnv franco nevada is a canada-based streaming and royalty company it has a diversified portfolio with agreements tied to gold silver the platinum group metals iron ore oil and gas in the recent fourth quarter of 2021 60 of its revenue came from gold a major benefit of franco nevada's focus on royalties and streaming is that it reduces risk it doesn't face the capital and operating cost overruns that have historically plagued mining companies at the same time franco nevada's agreements position it to profit as its mining partners complete exploration and expansion projects the company's streaming and royalty contracts provide it with the ability to generate lots of cash by selling the physical commodities it receives that cash flow enables it to invest in new deals and pay a dividend which the company has increased each year since its ipo in 2008.
the company also boasts a debt-free balance sheet which is a rarity in the mining industry that gives it even more financial flexibility to invest in new royalty and streaming agreements because franco nevada can profit from gold mining without exposure to the risks of mine development its stock has historically outperformed the price of other gold mining stocks all of these factors make fnv ideal as a gold stock we hope you have enjoyed this video thus far do let us know your favorite gold stocks in the comment section below make sure to hit the like button your support will help us grow next gold stock on our list is kin ross gold having the ticker cage gc kin ross gold engages in the production acquisition exploration and development of gold-bearing properties with the stock price dropping nearly 22 in the last year analysts remain bullish on it though the recent fourth quarter results were not that attractive kgc holds massive upside kinross reported a net loss of 2.7 million in the fourth quarter of 2021 against a profit of 783.3 million a year ago while revenues dropped by 26.4 percent year-over-year to 879.5 million dollars however adjusted earnings came in at 8 cents per share topped the x consensus estimate of 6 cents in 2022 kinross expects to produce 2.65 million ounces of gold it expects a production cost of sales of 830 per gold equivalent ounce all in all sustaining cost per rounds for 2022 is projected at 1001 capital expenditures are predicted at around 1050 million dollars for this year in 2023 and 2024 the company expects capital expenditures to be one billion dollars in line with 2022 levels with rising gold prices kin ross will benefit from it kgc recently announced that its la coypa project in chile has poured its first gold bar kinross raised the expected life of this project by 45 to roughly 1 million gold equivalent ounces at the end of 2021.
the company intends to evaluate opportunities to further expand la coypa's mine plan moreover kinross has made some key strategic developments lately kgc stock is a perfect buy at the moment fourth gold stock on our list is gold fields limited having the ticker gfi goldfields is a gold mining stock with reserves in south america africa and australia the company also explores copper deposits but as you can tell by the name it's the gold that really interests this corporation gfi currently holds interests in nine operating mines with an annual production of about 2.24 million ounces and there's no risk of those mines running dry anytime soon as its estimated reserves total approximately 116 million ounces that's a run rate of more than 50 years at that production level in 2021 the company posted profits of 789 million dollars that is more than the profit of 723 million dollars in 2020.
despite the challenges experienced during 2021 goldfields had a solid operational performance achieving both production and cost guidance for the year the company reported a free cash flow of 463 million dollars while the adjusted free cash flow from operations was 913 million dollars 2022 is going to be another big capex year for gold fields given the deferral of spending at salaries norte also the elevated level of sustaining capex across the portfolio to maintain the production base of the group looking into the long term gfi looks like a great stock to invest in now last gold stock on our list is wheat and precious metals having the ticker wpm wheaton precious metals is a canadian mining company that engages in the sale of precious metals including gold and cobalt production it operates two dozen mining assets and is currently developing seven more to ensure a steady stream of precious metals for years to come known previously as silver wheaton it changed its name to wheat and precious metals in 2017.
company decided on the growing importance of its gold deposits that has really attracted gold investors towards wpm increasing the significance of the stock in the fourth quarter of 2021 wheaton generated revenue of 278 million dollars with gold comprising 51 of the revenue for the full year the company posted 1 202 million with 47 gold revenues it generated operating cash flow of 195 million dollars and 845 million dollars for the three months and full year respectively in 2022 gold equivalent production is forecast to remain comparatively unchanged relative to 2021. wheaton expects to produce gold between 350 000 ounces to 380 000 ounces with things looking good in the gold sector the company may report surprising results with over seven buy ratings wpm stock is clearly an analyst favorite the stock has also earned an outperform smart score from rbc capital markets that was it from the video and we hope you'd have enjoyed it before signing off please subscribe to our channel for daily updates on the market you can visit our website stockstelegraph.com
