"..“Miners have re-positioned themselves for the current metals price environment, with operations largely reconfigured to be operating cash flow positive at gold prices above $1,000-$1,100/oz,” said the analysts. “While the increased spending trend may indicate growing management confidence, aggregate capital spending cross seniors still appears to decline in 2015, with the largest declines expected from ABX [Barrick], GG [Goldcorp], AUY [Yamana Gold], and KGC [Kinross Gold], offset by capital spending increases expected from NEM [Newmont] and AEM [Agnico-Eagle Minerals].”.."
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