Barrick Gold (ABX +1.8%) moves up despite an S&P credit rating cut to BBB+ from A- with a...

|About: Barrick Gold Corporation (ABX)|By:, SA News Editor

Barrick Gold (ABX +1.8%) moves up despite an S&P credit rating cut to BBB+ from A- with a negative outlook, reflecting higher capital spending plans even as gold production is delayed at its Pascua-Lama project. Shares could be getting a lift from a positive blog article which says ABX is undervalued, enjoys strong earnings growth, and production will pick up in H2.