U.S. Markets open in 9 hrs 26 mins
  • S&P Futures

    3,663.75
    -3.50 (-0.10%)
     
  • Dow Futures

    29,845.00
    -23.00 (-0.08%)
     
  • Nasdaq Futures

    12,468.00
    +13.75 (+0.11%)
     
  • Russell 2000 Futures

    1,834.30
    -3.20 (-0.17%)
     
  • Crude Oil

    45.20
    -0.08 (-0.18%)
     
  • Gold

    1,837.50
    +7.30 (+0.40%)
     
  • Silver

    24.12
    +0.05 (+0.19%)
     
  • EUR/USD

    1.2123
    +0.0007 (+0.0606%)
     
  • 10-Yr Bond

    0.9480
    +0.0140 (+1.50%)
     
  • Vix

    21.17
    +0.40 (+1.93%)
     
  • GBP/USD

    1.3388
    +0.0013 (+0.0951%)
     
  • USD/JPY

    104.4610
    +0.0370 (+0.0354%)
     
  • BTC-USD

    19,048.78
    -32.57 (-0.17%)
     
  • CMC Crypto 200

    373.80
    +8.89 (+2.44%)
     
  • FTSE 100

    6,463.39
    +78.66 (+1.23%)
     
  • Nikkei 225

    26,743.00
    -57.98 (-0.22%)
     

Newmont CEO sees copper growth, not worried about Barrick takeover

·1 min read

Oct 16 (Reuters) - Copper will account for up to one-fifth of the metal produced by top gold miner Newmont Corp by the end of the decade through development of its existing portfolio, the miner's chief executive said on Friday.

"Simply developing, and shepherding through and stewarding our organic project pipeline, we will deliver an exposure to copper in the Newmont portfolio by the end of this decade of around 15% to 20% of the metal we produce," Tom Palmer said at the Financial Times Mining Summit.

Palmer also said Newmont is not worried rival Barrick Gold will make another takeover attempt after a failed hostile bid last year ended in a joint venture between the companies in Nevada.

(Reporting by Jeff Lewis and Helen Reid)