Jul 18th 2012 - Edison Investment Research today published a report on African Barrick Gold (ABG.L, LSE:ABG, LON:ABG) entitled "ABG Re-evaluated". In summary, the report says:
African Barrick’s second quarter results are scheduled to be released on Monday 23 July at 0700 British Summer Time (GMT+1hr). At the time of its Q1 results, Edison forecast Q2 EPS of 8.4 US cents. Since then however, the gold price has declined by US$50/oz, to US$1,594/oz. In addition there has been some evidence of a hangover from the earlier power supply consistency problems at Buzwagi. As a result, Edison has now revised its Q2 EPS expectation to 6.3 US cents (excluding any effect from changes in inventory).
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