Quotes from the Denver Gold Forum-Monday
DENVER, Sept 14 (Reuters) - Here is a selection of quotes on Monday from the Denver Gold Forum, an annual get-together for the world's biggest gold mining companies:
AARON REGENT, CHIEF EXECUTIVE OFFICER OF BARRICK GOLD CORP, THE WORLD'S LARGEST GOLD PRODUCER
"Gold as an asset class has performed well as expected, particularly in periods of uncertainties."
On what $1,000 gold means for a gold mining company:
"It's a good price. We generate decent revenue, decent profit and lots of cash."
On buying back its hedges:
"It is a significant overhang of the company, and it has obscured many of the positive things. Because of that, the appeal of Barrick to the broader (investor) community had been limited."
"Eliminating the hedgebook is a step in the right direction."
"We don't believe we (de-heging) have any impact on the gold market."
JEFFREY CHRISTIAN, MANAGING DIRECTOR OF COMMODITIES CONSULTING FIRM CPM GROUP
"We are now into the ninth year of the current bull market in gold. We have had more investors buying more gold for a longer period of time than ever before. They probably will continue to buy even if the economy stabilizes."
On official-sector gold sales:
"What we are seeing is that central banks are making the transition from large net sellers to large net buyers."
"You will see a net buying of 6 (million) to 10 million ounces per year by central banks, and that is an extremely conservative projection,"
ROB MCEWEN, CHIEF EXECUTIVE OFFICER OF US GOLD CORP AND MINERA ANDES INC
"The M&A (mergers and acquisitions) activity I think will pick up as people become more comfortable with this environment at a higher price."
On the current global market compared to a year ago:
"The capital markets are turning around."
"You got big bounces off it because a lot of assets got mispriced. (But) They've come back with the governments of the Western world saying they're going to cure the problem by printing money."
On currency depreciation:
"Anybody that's long a lot of U.S dollars -- China being one, maybe the Middle East -- they're going to go: 'This thing is going downhill fast. We have to get out of it and we're going to buy assets.'" (Reporting by Frank Tang and Steve James)