Newmont CEO: Investment Decision Drove Batu Hijau Sale; Projects ‘Progressing Well’
Faced with a decision on whether to invest another $2 billion at the Batu Hijau copper and gold mine in Indonesia within the next few years, Newmont Mining Corp. (NYSE: NEM) decided to sell instead and use the proceeds to pay down debt and advance other projects, says Gary Goldberg, president and chief executive officer.
Newmont CEO: Supply Fundamentals, Investment To Underpin Gold
The chief executive of Newmont Mining Corp. (NYSE: NEM) looks for gold to remain underpinned by both supply and demand fundamentals for some time to come, which in turn provides a big revenue boost for companies in the mining sector.
Read moreHedge Funds Increase Bearish Bets In Gold, Remain Bullish On Silver
After hitting record levels for the last three weeks, hedge funds and money managers have started increase their bearish bets in gold and silver, according to the latest data from the Commodity Futures Trading Commission.
Read moreCommerzbank Sees $1,350 Gold At Year-End, $1,450 In 2017
Commerzbank hiked its year-end gold forecast by $100 to $1,350 an ounce and expects $1,450 sometime next year as the market continues to benefit from safety flows after the U.K.
Read more2016: The Year Gold Dip Buyers Ruled
The gold market has slipped off its recent highs and is consolidating quietly. Don’t worry –the bulls are just biding their time. Pausing to regain fresh momentum. Recharging their batteries.
Gold Posting Modest Rally On Short Covering, Bargain Hunting
Gold prices are showing modest gains in mid-morning U.S. trading Monday, on short covering in the futures market and bargain-hunting buying interest in the cash market.
Read moreHarmony Meets Output Guidance, Announces Gold Hedging
Harmony Gold Mining Co. (NYSE: HMY) reports that it met its annual production guidance of approximately 1.1 million gold ounces and has undertaken hedging for gold prices in South African rand terms. Harmony says it entered into short-term gold forward…
Read moreLook Around: Difficult To Be Bearish Gold
Gold has settled to unchanged after Friday’s big rally near the close, with the report of the attempted coup in Turkey.
Gold Weaker As Investor/Trader Risk Appetite Remains Positive
Safe-haven gold prices are seeing slight selling pressure in early U.S. trading Monday, as rallying world stock markets suggest traders and investors do not have a lot of worry on their marketplace radar screens.
Read moreGold Slightly Lower To Start Trading Week
World stock markets were mostly higher overnight.
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