Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG Message Board

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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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To: Wade who wrote (44937)	6/24/2013 11:15:58 AM
From: Jacob Snyder	Read Replies (2) of 48092

I want to thank you for being critical of NEM as my choice for investing in gold miners. Since I've spent little time following this industry, my first instinct was to choose a safe large cap dividend payer. I realize now that, with the POG at $1300, NEM's dividend yield won't be anything special. GG has a better balance sheet than NEM, and much better prospects for increasing production in the next few years. Therefore, GG, although it only yields 2.4% today, has much better prospects for increasing its dividend than NEM. The all-in costs of production for most silver miners is $21-26, and $1200-1400 for gold. When production price = selling price, in any industry, it is a temporary situation. Price has to rebound (time frame 3-12 months) or production will cease. Maybe that isn't true for gold, since it isn't consumed. If I buy small-cap miners, I'd need to spread the risk among several of them. Looking at GORO, others. Do you currently have any picks among smaller-cap silver and gold miners?

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