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stung by some lousy investments that led to billions of dollars in losses a few years ago, the world's major gold producers have cut back on mining deals.
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this makes it one of the cheapest gold mining stocks among the large cap miners. by comparison, its peers newmont mining, even if gold prices fall.
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new york (thestreet) looking to buy gold should pay attention to gold mining stocks barrick gold (abx), yamana gold (auy), goldcorp (gg) and newmont mining (nem), which have dramatically lagged the price of the precious metal so far in 2015. unless comex gold has a bad day on friday
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