Does Gold Mining pay at Newmont Goldcorp?

On the junk side, Goldcorp had a Market Capitalization of $26.179 billion on 30 May 2019. However, some people will view Newmont as a bargain because of the low price. Correspondingly, Newmont Goldcorp reported a gross profit of $825 million, an operating income of $288 million, and a net income of $87 million on 30 March 2019.

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Can Gold Miners Still Make Money?

One potential culprit for gold’s weak performance is cryptocurrencies. The altcoin market might be sucking up money that might normally be going to gold.

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