| Following Moody’s large-scale review of the global mining sector in January, the ratings agency expected the price of gold to remain volatile. In a report released on Tuesday, Moody’s anticipated capital spending for gold miners – which fell to $8-billion in 2015 from $23-billion in 2012 – to remain at diminished levels.
With the steady decline of gold prices since a peak at nearly $1 900/oz in 2011, producers adjusted their strategies to address debt levels and spending in an effort to respond to the new gold price environment...............................................Full Article: Source
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