Big Gold Miners Finally Making Big Profits

Big Gold" is finally benefiting from big gains in the price of its product. Back in May, I noted how the world's largest gold mining companies have struggled to increase their profits and share prices… even though gold was in a big bull market. Vital input costs like fuel, labor, and infrastructure rose just as fast as gold… so shares of most gold producers stagnated from 2006 to 2010. But as giant gold producer Goldcorp GG just showed us, gold's recent climb from $950 an ounce to $1,350 has finally turned on the money machine for miners… Goldcorp is one of the five largest gold miners in the world and one of its most efficient. Last week, the company reported it made $979 on every ounce of gold produced in the quarter. Continue reading the article.