Business
Beament backs gold to bounce back as financial reality bites – The Australian Financial Review
Northern Star Resources boss Bill Beament says he isn’t about to panic about the fast falling gold price as his company looks to finalise what started out as a…
Mr Beament said the price was still strong at about $2500 an ounce, a level that would have had him “popping champagne corks” along with Saracen managing director Raleigh Finlayson at this time last year.
“It is a fantastic price already but still longer term gold is in a great position,” he told a business breakfast in Perth.
“It will rebound very, very hard when people turn their attention to how we are going to pay for this.”
Saracen shareholders are scheduled to vote in January on what the two…
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