Gold mining is performed by extracting gold ores underground or open-pit mine. Once mined, the ore is crushed, heated, smelted and refined into gold bars. Gold is most profitably mined on a very large scale. That's because unless ore grades are exceptionally high, most mining companies need to dig up a lot of ore to extract enough gold to make it worthwhile to build a mine. The best way to profit from rising gold prices is by sticking with top-quality gold mining stocks, particularly shares of companies with rising production and strong prospects. Even so, because of their volatile nature, we continue to recommend that gold stocks make up only a limited portion of your portfolio's resources segment. We recommend staying away from buying gold bullion, coins (unless you collect them as a hobby) or certificates representing an interest in bullion. We also advise staying out of promotional penny mines that are merely prospecting for gold. Also stay out of investment vehicles (like options or futures) that will only make money for you if gold goes up in the short term. Gold mining stocks are worth considering for your portfolio, but for the bulk of your investments, we recommend following TSI Network and using our three-part Successful Investor strategy:
Discover how to make the most of your copper investments in this free special report, Gold Mining: How to Choose the Best Stocks and ETFs to Profit from the Reconstruction of Japan, from TSI Network
The decline in the price of gold over the past three years has pushed down the price of senior and junior gold mining stocks alike. Yet gold stocks with high-quality properties have appeal for investors seeking more aggressive investments. Today we… Read More
What are mining stocks and how can you successfully invest in them?
What are mining stocks? Great question. Mining stocks are investments in companies that produce or explore for minerals, such as uranium, coal, molybdenum (which is used in steelmaking), copper, silver and gold.
Mining stocks… Read More
Learn how to buy gold as an investment in your RRSP
As a rule, we recommend that you hold investments like gold separately and not within your Registered Retirement Saving Plan (RRSP).
That’s because, if you hold speculative investments like gold inside… Read More
Today, we examine a Canadian gold mining stock that we view as a buy for more aggressive investors. IAMGold is now focused on its gold mines following the sales of a niobum mine in Quebec and its royalty on a diamond… Read More
Here’s the text of the quarterly letter I recently sent to our Portfolio Management clients:
“Most investors find they improve their investment results when they invest conservatively. Speculating can pay off from time to time. But the gains are generally too small and/or… Read More
TEMPUR SEALY INTERNATIONAL INC., $61.35, symbol TPX on New York, makes and distributes mattresses and neck pillows made of its Tempur material, which conforms to the body to provide support and alleviate pressure points.
The company is benefiting from its $1.3-billion purchase of rival Sealy in… Read More
Every Monday we feature “A Stock to Sell” as our daily post. With every stock or investment we recommend as a sell, we give you a full explanation of why we advise against investing in it at this time.
Metalore Resources (symbol MET on Toronto;… Read More
Metalore Resources, $2.88, symbol MET on Toronto (Shares outstanding: 1.8 million; Market cap: $5.1 million; www.metaloreresources.com), produces natural gas in Norfolk County in Southwestern Ontario. Right now, the company is producing gas from 85 wells. It also distributes gas to 85 businesses and consumers along… Read More
NEW GOLD $4.71 (Toronto symbol NGD; TSINetwork Rating: Speculative) (888-315-9715; www.newgold- .com; Shares outstanding: 504.0 million; Market cap: $2.4 billion; No dividends paid) has four mines: the Mesquite project in the U.S., Cerro San Pedro in Mexico, the Peak mine in Australia and the New… Read More
YAMANA GOLD $4.48 (Toronto symbol YRI; TSINetwork Rating: Speculative) (416-815-0220; www.- yamana.com; Shares outstanding: 880.8 million; Market cap: $4.0 billion; Dividend yield: 1.5%) owns eight operating gold mines in Mexico, Brazil, Chile and Argentina. It also holds a 12.5% stake in the Alumbrera copper/gold mine… Read More
Learn everything you need to know in 'Juniors to Giants: The Complete Guide to Mining Stocks' FREE Special Report from The Successful Investor.
Best Canadian Mining Stocks TSX:
Plus Gold Stocks, Canadian Diamond Mines and more.
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