With Canadian bellwether Major Drilling announcing several significant belt-tightening measures, does this signal to investors that mining companies are adjusting accordingly to the current landscape? With the major precious-metals ETFs -- the SPDR Gold Trust (NYSEMKT: GLD) and the iShares Silver Trust (NYSEMKT: SLV) -- down significantly year to date, big miners such as Barrick Gold (NYSE: ABX) and Goldcorp (NYSE: GG) are continuing to make themselves aware of cost structures. Ultimately, the hardships that are affecting miners may be enough to position these companies to perform.
In the following video, Fool.com contributor Doug Ehrman discusses some of the challenges the industry faces and how current conditions may benefit investors.
