specializes in "streaming" deals, buying future production at a fixed, low price. This allows them to capture almost all the upside when gold prices rally. 📊 Diversified Gold Funds (ETFs)
Large-cap miners own and operate physical mines. They offer "operational leverage," meaning their profits can grow significantly faster than the price of gold itself as margins expand. Newmont Corporation (NEM) best gold stocks to buy
These companies don't dig for gold; they provide upfront capital to miners in exchange for a percentage of future production. This model drastically reduces operational risk while maintaining high margins. Franco-Nevada (FNV) specializes in "streaming" deals