Barrick Gold Corp (ABX)

[stockmojo9]

Gold crashing.

Pascua-Lama $5.5B write down.

Job numbers & US Dollar coming back.

FED easing to end.

$.80/share Div yield now about 5.9%.

$1B in div payments per year or 5.5 times the Pascua-Lama write down.

If gold reaches $1000, could the div get cut to $.60 or $.40?

A $12/share cost would cover a $.60 div or 5% yield.