Newmont sees gold at $380-$450/oz in year ahead September 5, 2004 12:35am ET (Reuters)
SHANGHAI, Sept 6 (Reuters) - Newmont Mining Corp , the world's largest gold miner, expects gold to trade in a range of $380 to $450 an ounce for the next 12 months, and possibly higher, because of a poor outlook for the dollar and the U.S. economy, its president Pierre Lassonde said.
The Denver-based company would uphold its non-hedging philosophy and expected more gold firms to declare bankruptcy as gold prices rose, Lassonde told Reuters by email.
