Moody 's analysts suggest that this year the price of trox ounce of gold will drop to $ 1,100. The new rating forecast, given by the agency regarding credit indicators of Canadian gold mining companies, reflects a sharp decrease in gold prices in 2013 and the prospects for their further fall this year.
In addition, according to Moody 'S, the cost of gold mining continues to grow, and soon they will be able to exceed income from its implementation. The agency expects a 10 percent drop in the cost of the main precious metals in 2014. In this regard, credit ratings of many of the large gold miners in Canada, including GoldCorp, Barrick, Yamana Gold, etc. Currently, are at the “investment class” level.
Moody 's warns about the danger of overhanging over gold mining companies
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