Largest gold companiesとは 意味・読み方・使い方

There are different methods by which gold mining companies are ranked. One is by their annual production. Another is by their cash cost per ounce (how much money it costs them to mine the gold. Since gold prices are the same everywhere companies with lower costs per ounce profit more money). The most common method lists by market capitalization which considers the total value of capital holdings by that company. Also considered when comparing companies is their market capitalization per ounce of gold equivalent (sometimes abbreviated MV-GEO, EVO if the enterprise value is used) which takes the market value and total reserves and resources for each company as well as the price of gold into consideration. The figures for each company can be used to determine the value the stock market gives to each company's reserves on an ounce to ounce basis. If the calculation is to exclude financial assets the enterprise value is used instead of market capitalization. EVO = Enterprise Value/Ounce (gold equivalent) = Enterprise Value divided by resources. The enterprise value is the difference between a company's market capitalization (product of the number of company shares and listed stock price) and its cash, investments less debt (ammortization). Two of the 10 largest companies by market cap (low end) that engage in gold mining, Fresnillo and Buenaventura are not included in the first list because they are minor gold producers (most of what they produce is silver, in some lists silver production is treated as gold production, converted to gold equivalent using the gold to silver price ratio).