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Message: Re: Formerly Head of GOLDCORP... Rob McEwen blasts Gold Miners ...

Gold corp has a 2% dividend but the gold companies need to be more cautious with cash than other companies. The have a depleting resource and need to constantantly renew it.

The reason for the share underperformance is both higher costs for raw materials and energy and P/E compression. Most of the shares are now very cheap in comparision to the price of gold.

I bought Goldcorp recently for the first time in about 5 years.

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