John Paulson is known for his bets on Gold and he made $5 billion in 2010 with his gold bets. John Paulson’s Paulson & Co. has a 13F portfolio of $23, 075 million, according to the latest 13F SEC filing. Paulson has placed his bets on some of the leading gold miners of the industry. AngloGold Ashanti Limited (ADR) (NYSE:AU), NovaGold Resources Inc. (USA) (NYSEMKT:NG), Randgold Resources Ltd. (ADR) (NASDAQ:GOLD), and Agnico Eagle Mines Ltd (USA) (NYSE:AEM) are among his favorite gold miners. (See John Paulson’s entire 13F portfolio here.)
AngloGold Ashanti Limited (ADR) (NYSE:AU) is the top gold mining stock in Paulson’s portfolio with 26,585,100 shares worth $457 million. In the second quarter 2014, AngloGold Ashanti Limited (ADR) (NYSE:AU) mined 326, 059 ounces of gold with the cost of $626 per ounce. The company reported mining operations revenue of $438 million with net income of $38 million. Other major hedge funds investing in the AngloGold includes First Eagle Investment Management ($543 million) and Impala Asset Management ($61 million).
NovaGold Resources Inc. (USA) (NYSEMKT:NG) comes at number two in terms of Paulson’s investment in gold miners with investments worth $151 million and 35,809,914 shares. The company has a market cap of $1.20 billion. NovaGold Resources Inc. (USA) (NYSEMKT:NG) is known for its mining operations in the US, Canada, and other worldwide destinations. Some major hedge funds with investment in NovaGold Resources Inc. (USA) (NYSEMKT:NG) include Baupost Group ($91 million) and Kopernik Global Investors ($21 million).
The other two major gold miners in Paulson’s portfolio include Randgold Resources Ltd. (ADR) (NASDAQ:GOLD), and Agnico Eagle Mines Ltd (USA) (NYSE:AEM). Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) has a market cap of $7.68 billion whereas Agnico Eagle Mines Ltd (USA) (NYSE:AEM) has a $7.91 billion market cap.
This article has been written by Prakash Pandey.
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