Best Gold Miner to own? (Perplexity & Deepseek Answer)

Perplexity Spaces Put to Work: Best Gold Miner to Own?

This video by DIYinvestors.ai discusses the use of Perplexity Spaces, a new tool aiding DIY investors in their research. Key features of Perplexity Spaces include the choice of various language models, integration of DeepSeek R1, ad-free searches, and the capability to combine web results with personal data for comprehensive answers.

Demonstrating this, Mick Pavey emphasises its productivity benefits, particularly for busy part-time investors, and showcases how Perplexity acts more as an answer machine compared to traditional search engines. By using his trained ‘Perplexity Space’ Research Assistant named Cedric, Mick is able to automate complex tasks, personalise analyses and outputs, and ensure accurate, citation-backed information.

Demonstration ‘Perplexity Spaces – Use Case’

The example query “What is the best gold miner to own and why?” demonstrates Perplexity’s capabilities, highlighting companies like Newmont Corporation, Agnico Eagle Mines, Barrick Gold and Kinross Gold, providing pointers for further research. Here’s the response from Perplexity…

The best gold miner to own depends on your investment goals, risk tolerance, and market outlook. Below is an analysis of top gold miners based on production scale, financial stability, and growth prospects:

Top Gold Miners to Consider

1. Newmont Corporation (NYSE:NEM, TSX:NGT)

Why It Stands Out: Newmont is the largest gold miner globally, producing 172.3 tons of gold in 2023. Its diversified operations span North and South America, Asia, Australia, and Africa. The company recently merged with Newcrest Mining in a $16.8 billion deal, further solidifying its position as a leader in the sector.

Growth Potential: Newmont’s production guidance for 2024 is 6.9 million ounces (215.6 tons), and its Nevada Gold Mines joint venture with Barrick Gold remains the world’s largest gold complex.

Consideration: A strong choice for long-term investors seeking stability and exposure to a large-scale, diversified gold producer.

2. Agnico Eagle Mines (NYSE:AEM, TSX:AEM)

Why It Stands Out: Agnico Eagle produced 106.8 tons of gold in 2023 and owns two of the world’s top-producing mines—Canadian Malartic and Detour Lake. It achieved record production in 2023 and has expanded reserves by 10.5%.

Growth Potential: Forecasted production for 2024 is between 104.7 to 110.9 tons, with further growth anticipated in 2025–2026.

Performance: Its stock delivered an impressive one-year performance of +87.76% as of January 2025.

Consideration: Ideal for investors seeking a growth-oriented company with strong operational efficiency and reserve expansion.

3. Barrick Gold (NYSE:GOLD, TSX:ABX)

Why It Stands Out: Barrick Gold is the second-largest global producer after Newmont and holds a major stake in Nevada Gold Mines. It has a strong focus on cost management and operational efficiency.

Growth Potential: Barrick benefits from high-quality assets and rising gold prices.

Consideration: A solid option for those looking for a mix of scale and operational excellence.

4. Kinross Gold (NYSE:KGC, TSX:K)

Why It Stands Out: Kinross produced 67 tons of gold in 2023, marking a 10% increase from the previous year due to higher grades at key mines like Tasiast in Mauritania. Its stock returned +104.35% over the past year.

Growth Potential: Strong near-term performance makes it attractive for momentum-focused investors.

Consideration: Best suited for those seeking exposure to mid-tier producers with growth momentum.

Key Factors to Consider When Choosing

Scale vs. Growth: Larger players like Newmont offer stability, while mid-tier miners such as Kinross or Agnico Eagle may provide higher growth potential.

Geopolitical Risk: Companies with diversified operations across stable regions (e.g., Newmont or Agnico Eagle) are less exposed to geopolitical risks compared to those concentrated in high-risk areas.

Stock Performance & Valuation: Historical performance (e.g., Agnico Eagle’s +87.76%) can indicate market confidence but should be weighed against valuation metrics.

For most investors, Newmont Corporation stands out as the best long-term hold due to its scale, diversification, and recent strategic acquisitions. However, growth-focused investors may prefer Agnico Eagle or Kinross Gold for their strong production expansions and stock performance.

(DYOR: Cedric, Mick’s Research Assistant [16.22GMT, 11.02.2025])

(Perplexity citations excluded)

Differentiating Free vs. Paid (Perplexity Plus) Spaces

One common question arising from DIY-Investors is “what are the differences between the free & paid (Pro) versions of Perplexity?”

While the core functionality of Spaces is available in both the free and paid (Perplexity Plus) versions, there are important distinctions in terms of access and features:

• File Upload Limits: The free plan allows you to upload up to five files into a Space. While the limit for Perplexity Plus (Pro) is 50 files per space.
• It should be noted that the files are only stored withion the space for 30 days

Access to Advanced AI Models

The paid version (Perplexity Plus) grants access to a wider range of powerful AI models. These include models like GPT-4, Claude Sonnet, and Grok, as well as Perplexity’s own Sonar models. In addition, Perplexity Pro subscribers gain access to DeepSeek R1 and Claude 3.5 Sonnet. These models have varying strengths, and Perplexity Plus allows the user to select the one that best suits their current task. The Sonar models are the default for Perplexity, designed to comb through the internet and locate high quality resources.

The ability to switch between models like Claude and GPT-4 provides DIY-Investors with a versatile toolset. I personally like to see the reasoning behind the answers and have started to use Deepseek R1 (within perplexity) more most queries that require a detailed response.

Mick (13th February 2025)