Freeport-McMoRan Copper & Gold Inc. (FCX), And Is PM Mining Still Worth Looking At?

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Even so, it posted a 35% drop in profits, while Barrick Gold Corporation (USA) (NYSE:ABX) saw earnings fall 18% and Newmont Mining Corp (NYSE:NEM) witnessed its first-quarter profits tumble 36%. Certainly the lower price of precious metals has hit their bottom lines, but higher expenses and the delays they’ve suffered are affecting them as well.

Despite the potential for growth, the miners haven’t satisfactorily resolved the negative impact they’ve created and the disruptions are only likely to grow more pronounced. For me, I’m still trusting in owning actual gold and silver rather than the paper stock of the companies that bring it to the surface.

The article Should You Invest in Precious Metals Miners Anymore? originally appeared on Fool.com is written by Rich Duprey.

Motley Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool owns shares of Freeport-McMoRan Copper & Gold.

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