Getting your player ready...
Newmont Mining Corp., a Denver-based gold producer, said “industry- wide inflation” is putting pressure on development of the Boddington mine in Australia.
Newmont will update the market on the project’s cost when it reports third-quarter earnings, chief executive Richard O’Brien said Wednesday in a presentation at the Denver Gold Forum.
The project, which Newmont owns along with Johannesburg, South Africa-based AngloGold Ashanti Ltd., is 83 percent complete and will be Australia’s largest gold mine when finished, he said.
