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.
Fool contributor Doug Ehrman has no position in any stocks mentioned. The Motley Fool owns shares of Freeport-McMoRan Copper & Gold. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.