Welcome To the Copper Fox Metals Inc. HUB On AGORACOM

CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)

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Orcinus

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Since we got Gold

posted on Mar 27, 2012 02:27PM

Miner Newmont sees gold at $2,000/oz this year

Tue Mar 27, 2012 5:01pm GMT

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NEW YORK, March 27 (Reuters) - Newmont Mining's Chief Executive Richard O'Brien said he believed a gold price at $2,000 per ounce was "reachable" this year.

"Based on this bull market and gold's rise in recent years, $2,000 is still reachable," O'Brien told the Reuters Global Mining and Metals summit in New York on Tuesday.

Gold was trading around $1,686 per ounce on Tuesday.

O'Brien also said he was confident the government of Peru would approve Newmont's proposed $4.8 billion Conga mining project that has been held up because of protests over water supplies for local farmers.

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