Are you looking to invest in Canadian companies that deal with gold on a day-to-day basis? There are a lot of great options to consider here at home.
In Canada, gold was the top commodity by value of production, with a value of $12.3 billion in 2020, far outpacing the second place of iron ore:
Gold stocks refer to the shares of companies (mainly mining companies) that are involved in some way with the precious metal.
We’ll cover the best gold stocks in Canada below and discuss them in more depth.
Pros and Cons of Investing in Gold Stocks
Gold stocks have specific characteristics that make them stand out when compared to other stocks. Be aware of the risks and rewards before investing.
Pros
- A high dividend rate that can lead to good income over time
- Large upside if the price of gold is increasing and business is stable
- They are large and mature companies that are trading at relatively lower…
