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Dip below $1,000/oz could see gold miners cut dividends - Fitch

Posted on 27 June 2013

Recent writedowns in the gold mining sector are a non-cash, non-credit event, said Fitch Ratings, as “companies have already announced changes to capital expenditure plans and/or operations associated with the gold in gold prices and lower valuation multiples in the sector.”
Nevertheless, in an article published Tuesday, Fitch cautioned that lower gold prices “may cause some companies to write down the value of their assets when they report annual results.”……………………………………….Full Article: Source


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