The Phaserl


Looming gold & silver ‘production cliff’ now accelerating – NBF

by Dorothy Kosich,

“Q3/13 results are likely to underwhelm, whether by lower earnings generation or depleting cash balances,” National Bank Financial mining analysts warned investors Sunday.

“Overall, we suggest that momentum for producers could remain subdued through year end as depressed gold prices could trigger another round of impairment charges in Q3/13, reserve writedowns at year end, , and, in some cases, significant revisions to 2014 mine plans as companies revisit cut-off grade strategies to navigate the current low gold price environment,” advised NBF Mining Analysts Steve Parsons, Paolo Lostritto, and Shane Nagle, along with Mining Associates Craig Thomson, Raj Ray, and Charles LeBlanc.

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