Newmont Gold Mine Nevada

Newmont CEO Sees Gold North of $1600 Next Year

Newmont Mining’s CEO, Richard O’Brien, predicted that gold is likely to reach $1,600 per ounce this year and to surpass that level in 2012.  O’Brien cited rising demand for the yellow metal from Asia – in particular from India and China.

“Next year we could maybe get over $1,600 for a while… Longer term, it’s still potential upside, depending on U.S. dollar weakness, and a sustained building of the middle class in both India and China.”

The Newmont CEO also discussed his outlook for copper, given the company’s significant exposure to the industrial metal.  “$4-$4.5 range (per pound) is a reasonable place for us to be for the next two years.”

Newmont Mining (NEM) – the world’s second largest gold producer and the only gold company included in the S&P 500 Index – runs the Batu Hijau gold and copper mine in Indonesia’s West Nusa Tenggara through its unit PT Newmont Nusa Tenggara.

In June of this year, Martiono Hadianto, Newmont Nusa Tenggara’s CEO, announced that the company intends to launch an IPO in the second half of 2011.  However, O’Brien stated this week that the IPO could be delayed until the middle of 2012, due to the fact that the company is waiting for the closure of the divestment of a 7% stake required under its mining contract, according to a Reuters report.

PREMIER GOLD MINES (PG.TSX) provided a mid-year update from ongoing exploration activities at several of the Company's project sites. Drilling is presently underway at the Hardrock, Rahill-Bonanza, and PQ North Projects in Northwestern Ontario and at the Saddle Project in Nevada. The Canadian-based gold company noted that numerous developments in the first half of 2011 bode well for future resource growth on several company projects. Full Premier Gold Mines Press Release. Premier Gold Mines recently announced its intention to acquire Goldstone Resources. New discoveries have been made at Hardrock including the recently identified Tenacity South horizon where drilling has confirmed high-grade mineralization up to 10.89 grams per tonne (g/t) gold across 10.0 meters including 45.40 g/t across 2.0m and 37.49 g/t across 2.1m. Drilling at the Rahill-Bonanza joint venture project in Red Lake continues to define high-grade gold mineralization within the "2E Horizon" with visible gold seen in recent down-plunge drilling.

Newmont Mining Corporation gold and silver - gold price - silver ...

Gold and Silver | Newmont Mining Corporation | Newmont Mining Corporation (NYSE: NEM , TSX: NMC ), based in Denver, Colorado, USA, is one of the world's largest producers of gold , with active mines in Nevada, Indonesia, Australia, New Zealand, Ghana, and Peru. Some smaller operations include Bolivia, Mexico, and Canada. Holdings include Battle Mountain Gold , Normandy Mining , and Franco-Nevada Corp. Newmont Mining Corporation also has many joint venture relationships. As of December 31, 2006, Newmont Mining Corporation produced approximately 5.9 million equity ounces of gold annually and held reserves of about 94 million of those equity ounces. Production in the Americas accounts for about 70% of the company's equity ounces, but even so, Newmont Mining Corporation is the largest gold mining company in Australia.Newmont Mining Corporation employs approximately 15,000 people worldwide. Other metals that the company mines include copper and silver. Newmont Mining Corporation was founded in 1921 in New York by Colonel William Boyce Thompson as a holding company to invest in worldwide mineral, oil, and relations companies. The name Newmont was chosen by Thompson as a contraction of New York, and Montana, because, as one biographer put it, "he grew up in the latter and made his money in the former." Newmont Mining Corporation discovered dispersed gold at Carlin, Nevada in 1962 and began operating its first mill there in 1965 under the name Carlin Gold Mining Company. The "Carlin Trend" is the largest gold discovery in North America during the 20th century. In 1971, Newmont Mining Corporation began using the heap leaching technology on sub-mill grade ores at Carlin. It was one of the first in the gold industry to use heap leaching. In 1986, the company's name was changed to Newmont Gold Company , and five million shares were sold publicly for US$47.5 million. Newmont Mining Corporation held a 90 percent interest. As a further step in the restructuring, the company moved its headquarters from New York City to Denver in February 1989. On January 1, 1994, Newmont Mining Corporation , and Newmont Gold Company combined assets to form a unified worldwide gold company. Shareholders of both companies had identical interests in the reserves, production, and earnings of Newmont Gold's operations.

The Nevada Mineral Industry 1986

Carlin Gold Mining Co. produced 94400 oz gold from its Nevada mines in the ... CGM's name was changed to Newmont Gold Co., and 5 million shares in the new ...

The Nevada Mineral industry 2004

Carlin South- Gold Quarry and Ruby Hill Mine Newmont Mining Corp. ... 775-778- 4000 Fax: 778-4757 www.newmont.com 16 PO Box 676 Eureka, NV 89316 775-237-6060 ...

Nevada Bureau of Mines and Geology

ML mining grinding OP processing shipping 18 PO Box 288 Mina, NV ... Newmont Mining Corp. Barrick Gold Corp. S33,T36N,R50E gold S19,T36N,R50E gold S14,T35N ...

Hoover's Handbook of American Business 2003

Newmont acquired Battle Mountain Gold, with four mines (two in Canada and one each in Bolivia and Australia) in 2001 and Franco-Nevada Mining (now Newmont ...

The Nevada Mineral Industry

Nevada Barth Iron Mine & Mill Newmont Gold Mining Co. Bechtel, Inc., Contractor Newmont Operations S33,T27N,R48E gold S26,T33N,R48E barite S7,8,T31N,R51E ...