@ Lio
http://www.mining.com/barrick-gold-anti
ign=digest
Et lu sur Seeking Alpha :
Sunday, June 30, 2:41 AM A record quarterly drop of 23% in gold prices in Q2 to $1,223.80 has exposed miners' massive debts, which have increased to a high of $21B at 55 top gold and silver producers from under $2B in the past 10 years. Gold has now become cheaper to buy than to extract for many firms. If prices stay below $1,300 for over two quarters, S&P reckons downgrades could be on the cards. Barrick Gold (ABX) is particularly exposed with debts of $14.8B. 21 Comments [Commodities]
Friday, June 28, 6:39 PM Barrick Gold (ABX) expects to record a $4.5B-$5.5B post-tax charge related to its suspended Pascua-Lama Chilean gold mine project, the company says in a project update; the charge stems both from project delays and falling gold/silver prices. Barrick adds it has cut its 2013/2014 capex forecast for Pascua-Lama by $1.5B-$1.8B to a total of $2.8B-$3.2B, and has submitted a plan to Chilean regulators it hopes will allow the project to be completed by the end of 2014. Comment! [Commodities]
Friday, June 28, 5:23 PM After recently saying the price is headed to $1K if $1.2K support is broken, Dennis Gartman says it's no longer time to be short gold. He thinks the yellow metal has probably "seen its worst" in the recent selloff in which the precious metal fell to its lowest level since 2010 to under $1.2K an ounce. "I'm not sure that I want to step up and buy," he adds, "but the time to be short of it is passed... it's time to go to the sidelines." (Video) 12 Comments [Commodities]