With gold prices holding near elevated levels, investors are closely comparing AngloGold Ashanti (AU) and Newmont (NEM). Hereโ€™s how they stack up:

๐Ÿ”น AngloGold Ashanti (AU)

โ€ข Successful recent acquisitions

โ€ข Record free cash flow of ~$920M

โ€ข Stronger forward growth expectations

โ€ข Shares up ~297% YoY, reflecting improving fundamentals and execution

๐Ÿ”น Newmont (NEM)

โ€ข Worldโ€™s largest gold producer by output

โ€ข Stable cash flow of ~$1.6B

โ€ข Facing short-term production headwinds

โ€ข Growth momentum remains more subdued

๐Ÿ“Š Bottom Line:

Both miners benefit from higher gold prices, but AU stands out with a stronger growth trajectory and a more attractive valuation relative to its outlook. For investors seeking momentum + fundamentals, AU currently looks like the higher-conviction play.

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