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Dividend Payouts Could be Threatened if Gold Price Potential Dips Below $1,000/oz: Fitch
Jun. 27, 2013 05:02AM PST
Precious MetalsMineweb reported that recent major write-downs by gold companies may cause them to write down the value of their assets when reporting results, and that a price drop below $1,000/ounce could result in dividend cuts.
Mineweb reported that recent major write-downs by gold companies may cause them to write down the value of their assets when reporting results, and that a price drop below $1,000/ounce could result in dividend cuts.
As quoted in the market report:
Nonetheless, a potential dip below $1,000 per ounce in gold price could result in dividend cuts, Fitch cautioned, adding, “We have already seen cuts to capital budgets and an increasing focus on costs.
