No one has more to lose in gold's bear market than South African miners, as gold drops to as low...

|By:, SA News Editor
No one has more to lose in gold's bear market than South African miners, as gold drops to as low as $1,245/oz. and below production and capital spending at Gold Fields (GFI -5.3%), Harmony Gold (HMY -3.9%) and Sibanye Gold (SBGL -9.8%). Labor demands are coming at the wrong time: "There's a vast difference between what labor unions are demanding and what South African mines can afford."