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Gold Miners, Bullion Set to Extend Gains, Northern Star Says

  • Company would take look at Barrick’s Super Pit stake, CEO says
  • Doray Minerals sees chance gold may rise to A$2,000 an ounce
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North Star CEO on Gold Prices, Valuations

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Gold producers will extend this year’s share gains with bullion prices likely to continue to rise on haven demand, according to Australia’s third-largest producer.

“We are on a longer-term trend for the gold price,” Northern Star Resources Ltd.’s Chief Executive Officer Bill Beament said in an interview with Bloomberg Television broadcast Tuesday. “The valuations have still got a long way to go and people are projecting the gold price to go up.”