Chapter 472 Gold Futures

"I'm a reporter for The Times, and I'd like to ask Mr. Goldberg, what kind of strategic adjustment will Newmont Mining take after it was acquired by Tang Mining? What is the purpose of this strategic realignment? Please also ask Mr. Goldberg to explain in detail. ”

As Goldberg and Sam explained the most important issues one by one, the order of the entire press center gradually settled down, and of course, since these reporters are here, they must be digging for news material, after all, it is the second largest gold producer in the world, and Newmont Mining's strategic adjustment is also an extremely important news material.

Gary. Godberg's face is much more relaxed now, as the CEO of Newmont Mining, of course he knows the difficulties faced by Newmont Mining, but he doesn't understand why Newmont Mining will be acquired by a little-known mining company, this is mainly because the plan discussed by Tang Feng and Gorman requires a high degree of confidentiality, so in addition to Tang, Gorman, Sam and Chris, the leaders of the three major families who know about this situation in the United States are left.

But when Goldberg heard Sam talk about Down's Mining, the world's most famous gold manager finally understood what was going on. It is almost impossible to solve the current difficulties faced by Newmont Mining according to normal people's thinking, but this act of taking the initiative to shut down overseas mines like a stroke of genius, and the joining of Tang's Mining, a super financier, have become the only and most effective way to solve Newmont Mining's current problems!

Thinking back to the material that Gorman had given him before this press conference, Mr. Goldberg had a vague understanding of what the plan was all about.

Therefore, at this time, Mr. Goldberg, who was extremely relaxed, said with a smile: "At the same time as the acquisition of Newmont Mining, Tang's Mining also brought a series of adjustment plans for Newmont Mining, the first of which is to temporarily close overseas mines. Organize elite forces to find new gold mines across the globe. ”

"As I said earlier, Newmont Mining's closure of overseas mines is not a permanent closure, but only to survive the period of sluggish international gold prices, once the international gold price stabilizes. Newmont Mining's offshore mines will naturally reopen. The reason why we keep the mines in the United States is because at present, the lowest gold mining costs in the world are in the United States, such as our mines in Nevada, the average mining cost is only 600 US dollars / ounce, and our gold mining costs in Australia, Africa and Asia have exceeded 750 US dollars / ounce, so from the cost point of view, it is very necessary to temporarily close the mines abroad. ”

"When we shut down the mines outside the country. We will organize elite personnel to go all out to find new mine resources during the period of low international gold prices, so that once the international gold price recovers, we will be able to directly expand production capacity, which is the main direction and main purpose of our industrial strategic adjustment. ”

"May I ask Mr. Goldberg, this time Newmont Mining has shifted its industrial focus from mining and refining to large-scale exploration, which is dominated by Newmont Mining or Tang's Mining?"

"Huh. Journalist friend, I think you first confuse a concept. Because from today onwards, Newmont Mining and Tang's Mining are actually a family, regardless of each other, so this strategic adjustment does not matter who is in charge. However, as the parent company, Tang's Mining itself has a strong ability to explore mineral resources. In this regard, even the former Newmont Mining is far from being comparable to Tang's Mining. Newmont Mining's advantage is only in the operation and management of the mine, so this large-scale exploration operation is naturally dominated by Tang's Mining. ”

"I'm Hoffman, a reporter for NBC. I would like to ask Mr. Goldberg a question, that is, after Newmont Mining's decision to suspend offshore mines, are you not worried about the skyrocketing international gold price? After all, Newmont Mining used to produce more than five million ounces a year, and even though you still have mines in the United States, this will still reduce Newmont Mining's annual production by at least three million ounces. The international gold suddenly lacks your more than 3 million ounces of gold production, and the price of gold will definitely skyrocket. ”

Goldberg said with a smile: "First of all, I am very grateful for the concern of this journalist friend, but I can tell you one thing here, it is precisely because of this incident that we Newmont Mining made the final decision to temporarily close the mines abroad." Half an hour before this press conference, I just received the news that the world's largest gold producer, Huaxia, had released its gold production plan for the next year half an hour earlier. The official production plan has already announced that Huaxia will increase its gold production to 600 tonnes next year, an increase of more than 20%. The increase in China's gold production in the next year alone will be enough to offset the production of our Newmont Mining's overseas mines, so we believe that if there is no miracle, the international gold price will remain in a depressed area."

With Mr. Goldberg's words, Bob on the other side of the ocean. Stanton and Nicky. Oppenheimer cried out in horror, even the two of them, who were usually called Tarzan collapse and did not change their faces, couldn't help but lose their temper after hearing the news.

In their plan, at the beginning of the month, a comprehensive attack on Newmont Mining was launched in the past few days, and in their opinion, Newmont Mining was absolutely unable to escape this blow, so as early as half a month ago, they used a huge amount of money to buy a large number of gold longs in the international gold futures market. Because as long as Newmont Mining falls, the international gold price will definitely skyrocket, and with the help of economic leverage, that large amount of long money will definitely make them a lot of money.

But now it's good, not only Newmont Mining has made such a strange move, easily making the eight major gold producers unable to suppress Newmont Mining, Huaxia is even more at this critical moment, the international gold price that could have been rebounded, once again smashed to the bottom!

It's Saturday and Sunday, and both the stock market and the gold market are closed, but not being able to trade for these two days does not mean a dive in gold prices after the opening on Monday! Because the news released by Huaxia is too heavy, if the gold price of the five major gold trading markets does not plummet on Monday, it will be called a miracle!

Once on Monday the international gold price plummeted Bob. Stanton and Nicky. Oppenheimer couldn't have imagined what kind of tragedy it would be! (To be continued.) )