Gold miner says China winning war on US dollar


Source: afr.com afr.com

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“I think Newmont has made it clear that they are looking to dispose of some of their non-core assets,” Mr Klein told investors on Monday. “That is obviously a place that we would be looking in the future, recognising that it will take them probably until 2024 to make any decisions.” Evolution sold gold at more than $3000 an ounce for the first time last month, up from about $1400 an ounce when the company was founded 12 years ago. Evolution will spend $240 million to double plant processing capacity at its Ernest Henry mine in Queensland. Mr Klein said...