Here’s Why Goldcorp Looks Promising

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As bullish as I am on the gold price, I think substantially more money can be made by purchasing well-run gold mining companies. Prudent investors should consider going through the rubble of the gold mining sector in order to find companies that have the following qualities:

  • Relatively low production costs
  • Meaningful foreseeable growth
  • A proven track-record of value creation
  • A strong balance sheet

One company that satisfies these criteria is Goldcorp (NYSE:GG). Goldcorp started as a junior mining company that was developed by former CEO Rob McEwen into a multibillion dollar juggernaut that at one point in 2013 traded with the highest market capitalization of any company in its sector. The company is now run by a very capable management team led by Charles A. Jeannes, who has been with the company since 2006.

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