Mexican Billionaire Carlos Slim Is One of the Biggest Losers in the Gold Crash
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Mexican billionaire Carlos Slim is becoming one of the biggest victims of the collapse in gold prices to a six-year low.
His mining company, Minera Frisco SAB, has tumbled 53 percent this year, the worst performance among 90 international peers tracked by Bloomberg. Mexico City-based Frisco has had only one profitable quarter in the past nine, and this year’s 6.7 percent slide in gold prices is just making things worse.