$1,200 key level for gold miners
- "Free cash flow is king,"write Credit Suisse's Anita Soni and Robert Reynolds in their gold company outlook, and those miners who have more of it will see the best stock performance. Top picks are Agnico-Eagle , Kincross , and Osisko .
- The current price of gold near $1,200 is key, and if the metal stays near that level in 2014, expect Newmont Mining to consider a dividend cut, and Eldorado and New Gold to defer capital-spending plans. Agnico too would have to consider more cost cuts or a dividend trim to avoid drawing on its credit line.
- Iamgold would have to convince its JV partner to shut down Sadiola or consider exiting the partnership.
Source: SeekingAlpha
