RE: Mr Seingjonstoneo15 Nov 2024 17:29
I see Newmont share price is down by 30% over the past month missing analyst expectations and higher costs, not looking great for them at the moment.
Our nearest neighbour purchased the 8.5mt
Akyem mine from Newmont, one of Ghana’s largest gold operations in October so they certainly have deep pockets spending more than a billion.
Zijin Mining's have set a goal of producing more than 100 tonnes per annum of gold by 2028. Although we are not tier one we certainly could be in the near future. You bet the Chinese are on our radar. To have two gold mines within an hour and a half of each other would be a no brainer.