Three Gold Miners Poised for More Upside

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(Source: TC2000.com)

The safest way to gain leverage to the price of gold is the GDX, but with several names unable to post positive returns over a 2-year, 5-year, and 10-year basis, many laggards often drag down the index and weigh on its performance. This means that for those willing to do their research or select the top-tier names, one can gain leverage on the index without having ones’ performance partially tied to the serial underperformers within the group. In this update, we’ll look at three stand-out names with exceptional business models, pay competitive dividend yields, and have mines in predominantly safe jurisdictions. These three companies are Newmont (NEM), SSR Mining (NASDAQ:SSRM), and Alamos Gold (NYSE:AGI), with two being intermediate producers (400,000 plus ounces of production per annum) and one being the largest producer in the world. Let’s take a closer look at each name below:

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