Why in the world would people own ABX with $14.7 BILLION of debt versus NEM with $6.3 Billion of debt?
Does ABX have 2.3 X as much gold ? Of course not. Try only 140.3M ounces ABX versus 99.2M ounces for NEM. The ratio of ABX ounces of gold reserves is 1.4 X NEM. Clearly in this low price gold world, NEM stock is the better value proposition.