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TORONTO (miningweekly.com) – Randgold Resources CEO Mark Bristow expects to see the gold price touch $1 200/oz during 2009, he said in Toronto on Friday.
“I've gone on the record as saying I see gold at $1 200 by year-end and I'll stand by that,” he said after a presentation at an event hosted by MineAfrica.
“But, for the record, I don't really care,” he added.
“At $900/oz...$1 000/oz, it all looks good to me.”
Gold was trading at around $1 009/oz on Friday afternoon, a bit of a decline from the notional close in New York on Thursday of $1 011,45/oz.
Randgold's American Depositary Receipts on the Nasdaq Exchange have gained more than 70% since the beginning of this year.
The company, which also has a primary listing on the LSE, was trading at $74,18 a share in New York on Friday afternoon.
