Blue Chip Stock #6 -
GoldCorp (GG; +1,430)
The current gold surge is nothing compared with the +1,430 jump in GoldCorp (GG) shares over the past decade. GoldCorp 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.
I don’t have to tell you how hot gold is right now, but please note that silver and copper prices have been on a tear lately as well. The diverse mining operations of GoldCorp make it a great investment for 2010 and beyond.
- Poll of the Day