Moody's: Gold miners to invest more in 2017, making project funding a key consideration
Toronto, November 23, 2016-- Gold miners' appetite for capital spending is likely to increase in 2017 as higher gold prices allow companies to start investing in their businesses again, says Moody's Investors Service in a new report. As a result, the rate at which they develop projects and how those projects are funded will be key credit considerations next year. The average spot gold price through end of October 2016 was $1,273 per ounce, 10% higher than the average price of $1,160 in...
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