Newmont Mining and gold price suppressionThere was an old article, can't remember the author, that spoke to gold price suppression, aided and abetted, by firms like Newmont Mining (and Barrick).
Here's an article from January 2019 where the CEO, Goldberg, believes gold could possibly go lower from the $1250 price range at that time.
He couldn't have been more wrong.
https://www.cnbc.com/2019/01/16/newmont-says-goldcorp-deal-designed-to-survive-a-drop-in-gold-price.html Newmont Mining CEO says Goldcorp deal is designed to ‘survive’ a drop in gold price
“We do test our plans at an $800 price, $900, and then up to $1,200,” he said. “At this stage, you look at past history and look at where we’re at, I think we sit in a solid position in terms of cost of production to be able to compete through cycles.”