Essay on Gold Mining Industry Analysis - 919 Words

Gold Mining Industry Analysis By: Robert 6/6/2010 The Gold Mining Industry has experienced a huge amount of growth since the beginning of the financial crisis. With the price of gold being at $639 in January 2007 before the beginning of the financial crisis and now in June 2010 the price of gold reaching $1220, there is no denying the interest of gold between investors and governments. Investors are seeking ways to protect themselves from inflation and any other type of financial crisis that may be on the horizon. With the uncertainty that the world financial markets are facing over the next three years and the relation that gold has with the worlds currency, the U.S. dollar, it can be safely assumed that the price of gold will†¦show more content†¦There are many competitors in the industry of gold mining, Newmont Mining Corporation happens to be one of the leaders in the field. In 2007, Newmont became the first gold company selected to be part of the Dow Jones Sustainability World Index. This exemplifies the management structure and their ability to demonstrate transformational leadership in a volatile industry. In the midst of the financial crisis Newmont was able to record several company records in 2009: ï‚ · Record revenues of $7.7 billion, up 26% from 2008; ï‚ · Equity gold sales of 5.3 million ounces and equity copper sales of 226 million pounds; ï‚ · Equity gold sales and costs applicable to sales in line with original 2009 outlook; ï‚ · Record net cash from continuing operations of $2.9 billion, up 109% from 2008; ï‚ · Gold operating margin increased 28% from 2008 on a gold price increase of 12%; ï‚ · $22.3 billion in total assets; ï‚ · Acquired the remaining 33.3% interest in Boddington; ï‚ · Raised $1.7 billion of equity and convertible debt to fund the Boddington acquisition; ï‚ · Commercial production was achieved at Boddington Gold, which will be Australias largest gold mine at full production; ï‚ · Included in the Dow Jones Sustainability World Index for the third year in a row (Figures recorded from http://www.newmont.com/about/company-glance) These figures demonstrate the high growth potential that some gold miningShow MoreRelatedQuestions And Analysis Around Antipodes Mineral Resources Company1480 Words   |  6 PagesCase study 1: Introduction This discussion and analysis around Antipodes Mineral Resources company (AMR). 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