Moneta partner -Barrick- Retains its 'A' O.K. Credit Rating:
Reflecting the recent deterioration in gold prices,
coupled with the possibility of a sustained period of
continued weak prices, Standard & Poor's has taken
the following rating actions:
biz.yahoo.com
summery: Dec5-97
Barrick Gold Corp. No change: A good report.
Single-'A' corporate credit rating, stable outlook,
given its low cost structure,
significant hedge position,
and substantial financial flexibility,
including a large cash position.
There I also found an older link to:
Wednesday September 10, 1997
Barrick Gold To Record
Provision for Cost Cutting Program - Standard & Poor's -
biz.yahoo.com
the company said it will focus exploration on its
mining properties in North and South America.
I sense a little well executed juggling here
between the cost cutting and the time limitation
Barrick is perposing. Whether the Mechaud partnership
falls within Barrick's definition of "focus"
is up to them.
Though I have been lead to believe the
relation exists, I'm vague on the extent,
let alone if any dickering with accountants
might be presently going on. I would sooner believe
their poorer commitments are dropped like
hot potatoes, the longer nothing is said here,
indicating strength in the relationship.
Has anyone seen Barrick's recorded provision
for the cost cutting program?
Dave |
