Tuesday, September 22, 2009

Following Hunter-Dickinson's holding



Since June 2007, I have been following the holdings of Hunter-Dickinson. Not impressive at all.

Tuesday, September 15, 2009

IAMGOLD ceo sees $1,200 by year end

The price of gold, which just hit the $1,000 per ounce barrier, could keep rising and reach $1,200 by the end of the year, the chief executive officer of Canadian producer IAMGOLD Corp (IMG.TO) (IAG.N) said on Tuesday in Denver.

"You could very easily see $1,200 by year end. It's a possibility," he said in an interview on the sidelines of the Denver Gold Forum industry gathering.

"I can't predict. But do I feel very strongly that the gold price is going to rise significantly over the short to medium term? I am very clear on that."

Asked if that could mean as much as a 50-percent increase, Conway said, "That's a possibility."

Eldorado Gold: Cost below $300.

Eldorado Gold (ELD.TO) CEO Paul Wright, in a presentation via webcast from the Denver Gold Forum, expects costs during the third quarter to come in below estimates and plans to be selective in future asset acquisitions.

"In terms of what you see us buying or developing, the simple guideline will be: Does it allow us to remain in the lower quartile of production costs," he said. "If it doesn't, frankly, you won't see us acquiring it and you won't see us developing it."

The company has forecast production of 330,000 ounces this year at cash costs per ounce of $300, and Wright said the company is on pace to beat that in the third quarter.

"We would expect to see operating costs perhaps improved (on) $300 an ounce," he said.

Wednesday, September 9, 2009