| The pain is not likely to be over for investors in mining shares after the steepest drop in gold prices in a generation led to a $6 billion asset writedown at Australia's Newcrest Mining, fuelling speculation of more to come.
A $200 plunge in prices in two days in April heightened fears that gold's 12-year rally may have topped out. For nearly a month the price has languished around 1,400 an ounce, which could force more miners to write down the value of their reserves - calculated based on a higher price - and eroding the value of projects, some of which may no longer be profitable...............................................Full Article: Source
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