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Message: RE: Gold Companies 2nd Quarter results

Please click on the link below to read an article published in The Financial Post, quoting Pawel Rajszel’s views on gold companies’ second quarter results.

While they have announced some aggressive measures to preserve cash, Veritas analyst Pawel Rajszel said that details have been limited so far, and that companies are largely pushing spending into the future rather than cutting it. “I think all the gold companies are talking more than walking,” he said. “It would be easier to have confidence in the cost cuts if they laid out a more detailed plan of where they will be coming from.”

Gold earnings season as noisy as expected so far

For additional information on Veritas Investment Research, please visit our web-site at www.veritascorp.com.

Veritas Investment Research Corporation

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