Any opinions expressed are the opinions of the authors only. We have taken reasonable steps to ensure that any information provided by The Motley Fool Ltd, is accurate at the time of publishing. Last month, the company released disappointing results for 2022, showing a 30% drop in profit.Įven though the total dividend for last year is 60% lower than it was for 2021, the stock is still yielding 5.9% - above the FTSE 100 average. Its share price has taken a bit of a battering lately, falling by 13% over the past month. That’s why I own shares in Anglo American. They also need to be of sufficient scale to pay a generous dividend to shareholders. Because of the risks associated with exploration, I’m now only interested in miners with proven reserves that are generating revenue. I know how easy it is to get caught up in the hype surrounding mining companies.īut I’ve learned my lesson. The company does have other interests, but I don’t see how they can be worth £75m given that they’re at an early stage of development. An independent expert recently valued its stake in Havieron at $360m (£300m).

Gold strike