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gold price

Newmont up-beat about Boddington future

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Map: Boddington 6390 At the mine's official opening yesterday, Newmont chief executive Richard O'Brien said the miner will continue to search for new gold deposits beyond the 24-year life of the Boddington operation. The project is set to become Australia's largest gold mine. Mr
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Newmont Mining | Richard O"Brien

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The head of Newmont Mining, the world's second-largest gold producer by sales, reaffirmed his forecast for the gold price to rise to $US1350 an ounce by the end of this year. ''I feel pretty confident we will see continued support for gold,'' the chief executive, Richard O'Brien, said.
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Gold could hit $US1350 an ounce: Newmont

AAP The gold price could rise to $US1,350 per ounce this year, Newmont Mining Corporation President Richard O'Brien says. "We will see continued support for the gold price," Mr O'Brien told media at the official opening of the company's huge Boddington gold mine, 130 kilometres