DENVER, Sept 14 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
"Eliminating the hedgebook is a step in the right
"We don't believe we (de-heging) have any impact on the
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
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
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)