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min2664 GLOBAL uncertainty and a sustained # gold price are likely to underpin future local production as experts up their price forecasts. Australian gold prices hit a record $1806.50/oz last Monday before closing the week at $1703.56. Surbiton director Sandra Close said the higher gold price was giving all producers reason to review old operations. “The recent spike has certainly drawn attention to the industry, but it is the sustained, longer-term, upward trend that has prompted companies to re-evaluate older deposits and also explore for new ones,” she said. Australia’s largest #gold mine, Newmont Mining and Barrick Gold’s “super pit” at Kalgoorlie continued to dominate production last year, producing 788,000 ounces of gold followed by Newmont’s Boddington pit in WA , which produced 757,000 oz of gold and is expected to surpass the super pit. Read full article from Russell Emmerson-Herald Sun At the upcoming Mine Managers Show West 26-27 October 2011, Margaret River, WA, Warren Uyen, Mine Manager at Barrick Gold will be making a presentation on: 'Instilling a mine site wide behavioural safety culture to ensure best practice' and also speaking on 'Undertaking JSA's for Drill and Blast Operations'. Find out more Technorati Tags: Australian gold prices , Newmont Mining , Barrick Gold , Mine Managers Show West , mining , Warren Uyen
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