- Gold coins are sold by the U.S.
- Mint, coin dealers, and through gold mutual funds and ETFs.
- Gold coins are minted in denominations of $50, $25, $10, $5, $1, $5, and $2.
- The 1 oz.
- Gold American Eagle coin is among the most popular gold coins, while the Canadian Gold Maple Leaf coin is the second-most popular coin.
Gold bullion coins are among the most popular types of gold investments. Investors can buy gold coins through coin dealers or directly from the U.S. Mint. They may also invest in gold coins through gold mutual funds or gold exchange-traded funds (ETFs).
Current Operations
The company operates four mines: the Veladero mine in San Juan province in Argentina; the Cerro Blanco mine in Potosí province in Bolivia; and the Chapada mine complex in Goiás state in Brazil.
The Veladero mine, which began operations in 2005, is the largest gold producer in Argentina. The mine produced 798,000 ounces of gold in 2018, 15% higher than its 2017 output. It has an estimated total reserve life of 14 years.
The Cerro Blanco mine, which began operations in 2007, is the second largest gold producer in Bolivia. The mine produced 532,000 ounces of gold in 2018, 18% higher than its 2017 output. It has an estimated total reserve life of 15 years.
The Chapada mine complex, which began operations in 2011, is the second largest gold producer in Brazil. The mine produced 437,000 ounces of gold in 2018, 28% higher than its 2017 output. It has an estimated total reserve life of 17 years.
Corporate Structure
We are incorporated as Gold Bullion International Inc., an Ontario corporation. As a Canadian corporation, Gold Bullion is subject to the jurisdiction of Canadian courts and the Canadian Securities Administrators, the securities regulators of Canada. Gold Bullion is listed on the Toronto Stock Exchange (TSX) under the symbol GBL and on the TSX Alpha Exchange under the symbol GBL.
Our principal executive offices are located at 111 Richmond Street West, Suite 800, Toronto, Ontario, Canada M5H 1K2. Our telephone number is (888) 371-9666 and our web address is www.goldbullion.com.
Gold Bullion’s shares are traded on the TSX and the TSX Alpha Exchange. Shareholders may obtain copies of Gold Bullion’s audited consolidated annual financial statements free of charge upon request. Gold Bullion’s common shares are also quoted on the OTCQB under the symbol GBLNF.
Gold Bullion’s common shares are traded in the United States on the OTCQB under the symbol GBLNF.
Gold Bullion’s officers, directors and principal shareholders, as a group, beneficially own approximately 20% of Gold Bullion’s outstanding shares.
Notable Investors
David Einhorn: Einhorn, an aggressive hedge-fund manager, is a long-time bull on gold. He owns gold-mining stocks, gold exchange-traded funds and gold futures.
George Soros: Soros, father of macro investing, is a big believer in owning hard assets for his portfolio. His investment firm, Soros Fund Management, owns gold bullion.
John Paulson: Paulson, a leading hedge fund manager, bought gold futures in 2009 as the U.S. and global economies were mired in a financial crisis.
Gold Companies
Franco-Nevada: Based in Toronto, Franco-Nevada specializes in gold exploration, production and royalty investments. It is one of the world’s largest gold producers.
Goldcorp: Goldcorp Inc. (GG) is the world’s largest gold producer. It owns a portfolio of gold mines in Canada, Mexico, Argentina and the United States.
Barrick Gold: Barrick Gold Corp. (ABX) is the world’s largest gold mining company. It owns a portfolio of gold mines in Australia, Peru, the USA, Canada, Ghana, Chile, Papua New Guinea and Mexico.
Business Model
Barrick Gold, the world’s largest gold miner, is a gold mining company, from exploration to extraction to refining. Since it has the vast capacity, expertise, and capital, it is able to buy gold at low prices, refine it, and sell it at higher prices. Barrick Gold has a market capitalization of $17.6 billion (which was higher than its rival Newmont Mining).