Gold – Gold prices are down in the short term, but the commodity metal is here to stay, says geologist Joe Mazumdar. In this interview with The Gold Report, the Canaccord Genuity analyst assesses the current situation and compares the performance potential of the majors with the mid caps. He backs up his analysis and predictions with a few solid companies that are positioned to weather the storm.
Articles Tagged "Newmont mining"
Gold – Nevada is one of the world's most productive gold regions, and juniors are busy aiming to extend that legacy.
Gold – In a historic — and horrendous — week for gold, buyers of the precious metal have snapped up physical gold at a torrid pace. But can they win out against the army of investors and traders that have lost faith in gold and are dumping it en masse?
Gold – A group of Nevada Republicans does not want a broad business tax. It wants more mining taxes.
Gold – Nations that were formerly part of the USSR are largely overlooked, but not by everyone.
Copper – Copper made slight gains in thin holiday trading after encouraging signs of growth from industrial companies in China, the world’s largest copper consumer. New home sales in the US also supported copper prices, but going forward, the tone and outcome of US budget talks are likely to steer the price of copper and other metals.
Copper – CNBC reported that Newmont Mining's quarterly profits dropped in line with decreased output at its Indonesian Mines
Gold – Reuters reported that Newmont Mining (NYSE:NEM)'s production for Q3 has fallen by 6%, and are facing a record-setting $77 Million in charges associated with maintenance and restructuring.
Copper – Forbes reported that Newmont Mining's 2012 revised production targets for its Indonesian mine, cutting the previously reported output to 170.6 million pounds from 192 million pounds. The company may face difficulty with workers in November, due to the lower-than-expected production.
Gold – Bloomberg reported that Newmont Mining's chief executive, Richard O'Brien mentioned that the price of gold could rise to $2,500 per ounce in three years as investors take to buying the yellow metal as a hedge against inflation.