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Re: BigStogie post# 2006

Wednesday, 06/26/2013 12:06:22 PM

Wednesday, June 26, 2013 12:06:22 PM

Post# of 4917
The shake out is just starting among the big boys -- Newmont Mining is about to lose billions just like Newcrest Mining in Australia, writing off nearly $6 billion in losses! Barrick is laying off a third of its labor force while GoldCorp is heading in the same direction..Until the deleveraging happens in this industry, no real activity is going to occur.. Again, nothing much will move the dial until perhaps the end of the year..