Gold is trending up and gold mining companies do look a cheap bargain, many having seen their marketcap reduced by more than 80% form their historic highs.
You can explore ASX listed MML (Medusa Mining) which in 2015 write off more than AUD200M and look to start anew. Low producer from the Philippines. Current price of AUD0.62 vs historic high of AUD8.35
Another is US listed KGC (Kinross Gold) which has US$1B cash at hand. Has recently been upgraded with a target price of US$2.55.
Please do your own research before buying.
I own MML and have intention to buy KGC in the next 24 hours
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