“We are already starting to see what we would need to restructure should the gold price continue to go down,” Chief Executive Officer Mark Bristow said in an interview at Bloomberg offices in London on Thursday. “The industry would be fried at $800. It’s a very real possibility.”

The company would write down the value of assets if gold fell below $1 000 an ounce, and cut production with prices below $800. It’s making plans to remain cash-flow positive in that scenario, Bristow said.