Loading ...Some musings here. I never owned it, and just looed at a chart going back to the 2011-12 highs. And for a fact, and lot of other miners tickers have a practically identical chart pattern. Only the best of the best are close or above 2012.
Another thought, the ticker, MUX, it doesn’t appealing, and reminds me of the old failure of DROOY, another unappealing ticker. I think the replacement is DRD, I made some money on that one and BTG last year. I also remember everybody loved Sunshine Mining, a pleasant name. Hey all the woman and girly men voted for Clinton and Gore because they were good looking ya know. 🙂
DRD: https://finviz.com/quote.ashx?t=drd&ty=c&ta=0&p=m
BTG: https://finviz.com/quote.ashx?t=btg%2C&ty=c&ta=0&p=m
Many charts look like MUX.
MUX: https://finviz.com/quote.ashx?t=mux&ty=c&ta=0&p=m
CDE: https://finviz.com/quote.ashx?t=cde&ty=c&ta=0&p=m
IAG: https://finviz.com/quote.ashx?t=iag&ty=c&ta=0&p=m
GPL: https://finviz.com/quote.ashx?t=gpl&ty=c&ta=0&p=m
SAND: https://finviz.com/quote.ashx?t=sand&ty=c&ta=0&p=m (note high volume bar on 2020 low)
Another thought. Sometimes a leader like Rob McEwen of old Gold Corp get the praise because of great employees or other people under them. So he was PART of the success of GG. For example I found this:
“McEwen devised an innovative approach to exploration when he published maps and geological data on one of Goldcorp’s properties and invited scientists and engineers around the world to analyze the data and submit drilling plans to Goldcorp to help it find its next gold deposit. Normally such data is considered proprietary and confidential in the exploration and mining industry and some of Mr. McEwen’s colleagues were horrified at the idea of publishing the company’s proprietary data. Goldcorp offered prize money of $500,000 for the best drilling ideas. The response was overwhelming and more than 1400 participants submitted drilling plans to the company, leading to further gold discoveries”