Dipping Into Metals Miners

Gold and silver mining stocks have been destroyers of shareholder value over the last year and a half amid a perfect storm of profit-wrecking. The industry has suffered declines in underlying metal prices and soaring cost inflation, as well as inopportune strikes at mines and governments in geopolitically risky parts of the globe demanding a bigger slice of the pie. Many mining stocks have suffered 60% to 80% declines as a result.

As a result, miners are finally taking some positive steps to arrest their profit slides. They are pulling back on expansion plans, cutting production from marginal assets, slashing operational and capital budgets and, in some cases, reducing dividend payouts. Over time, these actions should result in better times ahead for players in the sector. For patient value investors willing to wait for the cycle to turn, following are two miners that should have much brighter days ahead....395 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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