Gold bugs, take note: A new S&P report indicates gold miners (GDX) could face pressure on...

|By:, SA News Editor

Gold bugs, take note: A new S&P report indicates gold miners (GDX) could face pressure on their underlying credit ratings to the point that new projects are curtailed, investment is reduced and dividends could be cut. S&P says major gold miners have adequate financial flexibility to deal with low gold prices 12-18 months, but the commodities boom has added 10%-15% in production costs.