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« Is This the Best Gold Mining Junior to Play Higher Gold? | Main | Is Gold In Trouble? »

Caught the Gold Bug? 3 Gold Stocks to Avoid

Investors interested in adding gold stocks to their portfolio should know the risks involved with this trio of miners.

Jun 25, 2018 at 9:34AM

Gold is back in vogue as an investment. Among some investors, anyway. While there aren't many gold stocks on the market that have proven capable of beating the long-term gains of the S&P 500, a handful have been worthy of consideration for spots in the portfolios of individual investors (mostly gold streaming stocks).

Nonetheless, there are many smaller players with slick investor presentations making promises of big rewards. That could sound intriguing if you've caught the gold bug, but it's important to remember the risks involved when investing in the industry. Luckily, some gold stocks come with big red flags and flashing red lights. Here's why investors might want to avoid Hecla Mining(NYSE:HL), Tahoe Resources (NYSE:TAHO), and Randgold Resources (NASDAQ:GOLD).

Not so Lucky Friday

Hecla Mining is the largest producer of silver in the United States. However, its largest silver mine, Lucky Friday, has been embroiled in a terrible labor dispute since March 2017. The mine has been offline since then and the two sides -- the company and unionized steelworkers -- are no closer to reaching a new contract today. 


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