Already, the industry is making strides, he said, citing Yamana Gold Inc. as an example.
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Hill's second-best performer, Brazilian miner Yamana Gold, gained 100% over the course of the year.
Yamana has most of its operations and development projects located in South America, namely Argentina, Brazil and Chile.
Yamana Gold, Inc. shares are currently trading off about 10.6% on the day.
The acquisition of Extorre Gold Mines in the third quarter will give Yamana another important project, the company said.
FORBES: Third-Quarter Results In Line With Expectations: Yamana CEO
Yamana Gold, Inc. shares are currently trading off about 2.1% on the day.
The company attributed the lower production to lower grades of copper and lower recovery rates, which Yamana said they expected.
FORBES: Third-Quarter Results In Line With Expectations: Yamana CEO
Yamana expects feasibility work to be completed by 2014, where they will then take a decision on construction for 2015.
Located in the province of Santa Cruz, Argentina, Yamana is looking to move Cerro Moro into production start-up in 2015.
South African gold miner Anglogold Ashanti, Yamana Gold, Goldcorp, Kinross, and IAMGOLD have scheduled their earnings releases for next week.
In fact, certain stocks, like Yamana Gold, Desert Sun Mining and Western Silver, were owned by several of top seven portfolios.
Although, the best strategy may not necessarily be to invest in miners, like Yamana Gold (NYSE: AUY) or Hecla Mining (NYSE: HL).
Even though shares are only trading at 14 times forward earnings, Yamana Gold may be one of the precious metal miners to avoid.
Yamana said its fourth quarter dividend will be 65 cents per share for shareholders of record at the close of business on Dec. 31.
FORBES: Third-Quarter Results In Line With Expectations: Yamana CEO
Yamana said they had begun the evaluation of exploration and development plans for the Cerro Moro project, located in the Santa Cruz Province, Argentina.
FORBES: Third-Quarter Results In Line With Expectations: Yamana CEO
Retiree Jim Cook, 64, is another guru who owes much of his 2006 success to precious metal stock, including Yamana Gold and Western Silver.
Yamana is targeting 1.2 million gold equivalent ounces by year end.
FORBES: Third-Quarter Results In Line With Expectations: Yamana CEO
Candelaria's best stock for the year was Canadian-based Brazilian mining company Desert Sun Mining, up 213% after it was acquired by competitor Yamana Gold in April.
Yamana Gold and its peers to please investors and keep their stock prices up as elevated gold prices are their key to increased margins and subsequent profits.
Yamana produced 278, 832 gold equivalent ounces in the first-quarter of 2012, a rise of 4% compared to 267, 368 gold equivalent ounces during the same period last year.
FORBES: Yamana Supports Argentine Government's Objectives Of Controlling Inflation
Yamana hit record gold equivalent production in the third quarter totaling 310, 490 ounces, and 11% increase over the 279, 274 gold equivalent ounces produced in the third quarter of 2011.
FORBES: Third-Quarter Results In Line With Expectations: Yamana CEO
An interesting option could be Yamana Gold, which has delivered a 15% return in the last three months and beaten bullion and its general peer group. (Read Existential Gold Investors Seek Fresh Catalysts).
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Those estimates themselves are iffy, since nobody knows yet where the leaks are, says Hajimu Yamana, a professor of nuclear engineering at Kyoto University and head of a government panel studying how to dismantle the plant.
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Yamana has two projects located in Argentina.
FORBES: Yamana Supports Argentine Government's Objectives Of Controlling Inflation
Is Yamana Gold too cheap to last?
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The ones I personally like right now are Endeavour Silver ( EXK), Richmont Mines ( RIC), Aurico Gold ( AUQ), New Gold ( NGD), Minefinders ( MFN), First Majestic Silver ( AG), Yamana Gold ( AUY), Royal Gold ( RGLD), and Randgold ( GOLD).
It has also spurred massive interest in miners such as Yamana Gold (NYSE: AUY) and Hecla Mining (NYSE: HL) and has even spawned funds that seek to capture different sections of the gold value chain, such as the Market Vectors Gold Miner ETF (NYSE: GDX).
Both byproduct metals have risen in price since the second quarter of 2009 (copper has gained 25% and zinc 19%.) Stronger copper and zinc prices will reduce cash cost per ounce and go directly toward the bottom line for companies with significant byproduct credits, like Barrick Gold, Newmont Mining, Goldcorp, Agnico-Eagle and Yamana Gold.
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