Gold Collapse: What Price Can Mining Companies Bear?

The gold collapse might just be the defining economic story of the first half of 2013. We’ve taken a look at several different aspects of the price adjustment, including the hedge funds yielding big returns, and John Paulson’s loss of $1 billion of his own money, but Bank of America Corp (NYSE:BAC) analysts are looking at something else: the effect of the drop on gold mining companies. According to the new report, if the price of gold drops to $1000 per ounce, half of the global gold mining industry becomes worthless. Highly leveraged gold companies, include Sibanye Gold Ltd (NYSE:SBGL), and…