Top Stock #2 – GoldCorp (GG)
GoldCorp (GG) is one of the largest precious-metal mining companies in the world, operating mainly in Canada and South America. The company produces more than 2.3 million ounces of gold annually and has about 45 million ounces in proved and probable reserves. But don’t be fooled by the name — GoldCorp also owns 1.2 billion ounces of proved and probable silver reserves and 1.4 billion pounds of copper reserves.
Gold and other precious metals have been on a tear lately, setting new highs. In fact, Jim Rogers, a famed investor known for his bullish calls on commodities, recently said that gold would top $2,000 per ounce within a decade. This means the long-term prospects of GoldCorp are quite strong.
- Poll of the Day