Gold News

Newmont unveils bold future vision

Major gold company Newmont is upbeat about the future of gold and its vice-chairman wants his company to become the number one producer once more.

At the present time rival Barrick is the world's biggest gold producer but Newmont vice-chairman Pierre Lassonde is determined that recent corporate restructuring will help it regain its crown, the Brisbane Times reports.

He did not go into specifics but recent changes at Newmont have included doing away with its hedge book. Other big news will be announced soon, he said.

On the subject of the gold price, Lassonde went even further than those analysts predicting an eventual bullion price of $850 per ounce.

"I think this bull market will be a lot longer than we think," he said. "I believe gold could have three zeros after the first number. I just don't know what the first number will be."

Newmont operates assets on five continents and employs around 34,000 employees and contractors around the world.


BullionVault-cube-18237618-ADNFCR

See all articles by Gold Bug here.

Please Note: All articles published here are to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it. Please review our Terms & Conditions for accessing Gold News.

Follow Us

Facebook Youtube Twitter LinkedIn

 

 

Market Fundamentals