Being based in Australia I love the Australian gold miners. I am a mining engineer from Canada but primarily with experience in the gold industry in Western Australia. Australian mining practices are best in the world in my experience, with highest levels of production and best implementation of new technologies.
I think Northern Star is a fantastic company that I am buying into as the price dips at the moment. They have great mines (resource and reserve metrics), are a relatively low cost producer, and have an excellent mangement and operational structure with a history of success. They have a proven track record, and as a dividend paying gold miner this is another attraction for me. They have just merged with Saracen, and gained some great assets from them and inherited some great people from them. They are also branching outside of Australia and bought their first overseas mine in Alaska.
Another company I like is Newcrest as they are a bulk, low cost producer, and I think will fair very well when we eventually see a decent uptick in gold price. They have an opportunity for very very high profit margins if the gold price increases significantly due to their very low mining cost profile.
A more speculative pick would be Resolute mining with a key project in Mali that has been underperforming, that I think they will turn around, and I think their share price will rebound well.
On a side note, I am no chartist, but is... (More)