In the past month, the largest operating gold mine on the planet – owned by Freeport-McMoRan (NYSE: FCX ) – and what will become the largest – owned by Barrick Gold (NYSE: ABX ) – have been temporarily closed or suspended by the Indonesian and Chilean governments, respectively. As one of the low-cost gold producers in the industry, Goldcorp (NYSE: GG ) is well-positioned to benefit from its competitors' problems. The true extent of the large miners disruptions may be somewhat elusive, but with Goldcorp facing its own challenges, the opportunity is welcome.
In the video below, Fool.com contributor Doug Ehrman discusses the two mine closures and looks at how they may inure to the benefit of Goldcorp.
Goldcorp is one of the leading players in the gold mining market. For the last several years, investors have been the beneficiaries of several successful acquisitions and strong organic growth. Goldcorp's low-cost production of one of the most sought-after metals in the world continues to make this stock an attractive choice for long-term investors. To learn everything you need to know about this mining specialist, you're invited to check out The Motley Fool's premium research report on the company, which comes with a full year of ongoing updates and analysis to keep you informed as key news breaks. Click here now to claim your copy today.