Newmont president Richard O'Brien predicted gold prices could rise as high as US$1350 per ounce this year at the opening of Australia's largest gold mine yesterday.
In the penultimate edition of a series of exclusive outlooks for the global metals markets in 2010, MINING DAILY and IBISWorld find out whether the growth of gold will continue.
Sino Gold shareholders have voted in favour of a takeover deal with Canada's Eldorado Gold Corporation.
Despite breaking through the US$1200 per ounce mark overnight, an analyst told MINING DAILY it was unrealistic for gold to become the world's main foreign reserve and was cautious on continued price surges.
ASX 200 mid-tier gold producer, Avoca Resources, has announced that it produced 50,584 ounces from its Trident underground gold mine during the September quarter.
Despite gold prices reaching a record $1045 per ounce overnight, Resource Capital Research senior gold analyst Tony Parry has stood by his prediction that prices would steady over the rest of the year.
The Foreign Investment Review Board has given the green light to the takeover of Sino Gold by Canada's Eldorado Gold.
Resource Capital Research (RCR) predicted that returning stability to the US dollar will see gold trading steady to prices of around US$950 to $1000 per ounce for the rest of 2009.
Newmont Mining Corporation's Boddington gold mine is MINING DAILY's Mine of the Week.
Cortona Resources has completed a positive scoping study for a potential $30 million underground mine development at its Majors Creek Gold Project.