Apr 29, 2021 Guest(s): Tom Palmer CEO, Newmont Corp.
Newmont's CEO Tom Palmer touted the company's exposure to copper due to its acquisition of GT Gold in March for $311 million and other projects in the pipeline.
Palmer spoke to Kitco Thursday.
During the quarter, the company sold 12 million pounds of copper. Newmont's average realized price for copper was up 169% compared to the same quarter a year prior.
Palmer said the focus is on being a top gold miner, but as the energy transition in the world economy plays out in the second half of this decade, "... we'll have some very nice exposure to copper," said Palmer.