Loading ...Revisiting Goldcorp -GG
Stay away from Goldcorp. Their most recent report was a total nightmare. Anything that has ever been touched by the “Goldcorp Gang” must be avoided. This includes TAHO, PPP, SLW. Just look at the underperformance of all of these names. If the market gives us another shot to buy, DO NOT BUY THESE NAMES. Buy The companies run by miners and class acts… RIC, NEM, AEM, MUX.
Thanks Cashcosts..Ididn’t know TAHO was in this group
They have been buying up juniors like maniacs
If your junior gets taken out by TAHO…Sell !
Goldcorp discovered the Escobal Silver deposit. Kevin MacArthur used to run Goldcorp. He now runs TAHO. Goldcorp exchanged the deposit for shares in TAHO as it was IPO’ed in 2010. Goldcorp was TAHO’s largest shareholder until they sold their entire stake much lower.
That’s what happens when you have a PM stock run by lawyers and accountants.
Have you ever seen a legal firm run by a mining engineer? What about an accounting firm run by a geologist?
So why would anyone buy into a miner run by lawyers and accountants?
Another reason for steering clear of GDX. Its full of these. Better to own individual rocks, where one can be very selective.
Goldcorp was basically a rollup artist in a bull market that unravelled in a bear market… never to recover. It’s so clear to see how poor their assets are relative to Newmont, Agnico, and Barrick.