NEW YORK (Reuters) - Gold, silver, platinum and aluminum industry executives visited Reuters U.S. headquarters on Wednesday for the third day of the Reuters Global Mining and Steel Summit to discuss market demand and global expansion.
Following are some of their key comments.
GOLD FIELDS (GFI.N: Quote, Profile, Research, Stock Buzz) CEO IAN COCKERILL
On gold prices and the fiscal fourth quarter: "Clearly it will be very positive for the margins. Off the top of my head I don't know how much it will improve, but it will be a fairly substantial improvement."
"I think people are going to realize that these stocks have moved back into very reasonable territory and I wouldn't be at all surprised to start seeing some judicious buying by the bargain hunters coming in shortly."
ANGLOGOLD ASHANTI (ANGJ.J: Quote, Profile, Research, Stock Buzz) CEO BOBBY GODSELL
"I'm about as interested in the gold price view of gold company CEOs as I am in the view of taxicab drivers. In fact I'd rather take the taxi driver."
"Our company is overwhelmingly focused on effective cost management, not cost savings. I mean if we had a jet, which we don't, we would sell it."
"In 5,000 years of reported history there's never been a time when you couldn't sell (gold) for good value." Continued...
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