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Gold/Mining/Energy : MONETA PORCUPINE ME.t -- Ignore unavailable to you. Want to Upgrade?

To: D LEE who wrote (343)	12/6/1997 4:12:00 PM
From: D LEE	Respond to of 440

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