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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: E. Charters who wrote (86437)6/5/2002 12:34:23 AM
From: marek_wojna  Read Replies (1) | Respond to of 116770
 
You've got support from Newmonts boss....

<<Wednesday June 5, 12:07 am Eastern Time
Newmont CEO Says Won't Up Gold Output, Sees Higher Prices

CANBERRA , June 5 (Dow Jones) - Major world gold producer U.S. -based Newmont Mining Corp. (NEM) won't push to lift production to take advantage of a higher gold price, chief executive Wayne Murdy said Wednesday.

This, plus a host of other positive factors, in part driven by recent global consolidation in the industry, bodes well for the price of the yellow metal, he said.

Murdy was speaking at a seminar organized by mining lobby/services concern Minerals Council of Australia