Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG Message Board

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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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To: Ms. Baby Boomer who wrote (48029)	3/20/2014 1:08:01 PM
From: Ms. Baby Boomer	of 48092

Moody's Affirms IAMGOLD's Ba3 CFR; Outlook to Negative... The negative outlook reflects Moody's view that the increase in ore hardness at the company's Essakane and, particularly, Rosebel mines will increasingly challenge IAMGOLD's ability to control costs over the next few years. The outlook also incorporates ongoing execution risks to ramping up production at Westwood's underground operations. The rating could be upgraded if IAMGOLD achieves greater mine diversity and reduced reliance on countries that have elevated political/economic risks. IAMGOLD's leverage would also need to be maintained below 2.5x. The rating could be downgraded if Moody's expects cost pressures at the company's owner-operated gold mines to continue beyond 2014, if Moody's expected the company's adjusted debt/EBITDA to be sustained above 3.5x or should Moody's believe the company's liquidity position would materially contract... moodys.com Could be time for activist shareholder to step up to the plate....

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