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Commodities Briefing - Categorized | Bullion/Gold, Metals and Minerals more

Miners can’t operate with gold below $1,500 - Gold Fields

Posted on 01 July 2013

Bullion must rise to $1,500 an ounce for the gold mining industry to be sustainable, according to Gold Fields Ltd. (GFI)’s Chief Executive Officer Nick Holland.
“The industry is not sustainable at $1,230 an ounce, which is where the gold price is at the moment,” Holland said today in a telephone interview. “We’re going to need at least $1,500 an ounce to sustain this industry in any reasonable form.”…………………………………Full Article: Source


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