It’s your time to buy gold

Article Excerpt

NEWMONT GOLDCORP $39.13, is a buy. The stock (New York symbol NEM; Shares o/s: 819.6 million; Market cap: $32.3 billion; TSINetwork Rating: Average; Dividend yield: 1.4%; www.newmontgoldcorp.com) gives you exposure to the world’s largest gold miner now that Newmont has acquired Vancouver-based Goldcorp Inc. for $10 billion in cash and shares. The combined firm continues to streamline its operations and add value for investors. It will now sell its Red Lake gold mine in Ontario to Australian gold producer Evolution Mining for $375 million. Due to labour problems at its Penasquito mine in Mexico and problems at the Goldcorp mines, Newmont now expects to produce 6.3 million ounces of gold in 2019. That’s down from its earlier forecast of 6.5 million. However, new mines and the expansion of its existing proper-ties should boost its output in 2020. That bodes well for investors. investors…