Business
As Gold Prices Fluctuate, the Driving Factors for Higher Prices Remain Long Term
As Gold Prices Fluctuate, the Driving Factors for Higher Prices Remain Long Term.
About this update from Alamos Gold Inc.
[{"type":"text","content":"\n\n\n\n\nGold-MiningStocks.com - Golden Peaks Resources Ltd., Goldcorp Inc. and\nAlamos Gold Inc. Provide Industry Perspectives on the Gold Market\n\nPOINT ROBERTS, WA, and DELTA, BC, June 29 /CNW/ -\nwww.Gold-MiningStocks.com (GMS), and www.MiningSectorStocks.com (MSS),\ninvestor and industry portals for the gold and mining sector are pleased to\npresent a gold market outlook entitled, \"As Gold Prices Fluctuate, the Driving\nFactors for Higher Prices Remain Long Term.\" So far this year, gold has seen\nits share of sharp increases and periodic corrections, including the one\ncurrently taking place in the market. Offering perspective as we move through\nthis correction period are Ian Telfer, President and CEO of Goldcorp Inc.,\nScott Emerson, Chairman and Director of Golden Peaks Resources Ltd. and Alamos\nGold's President and CEO John A. McCluskey.\nAccording to Scott Emerson, Chairman and Director of Golden Peaks\nResources Ltd. (TSX Venture: GL), an international exploration and resource\ndevelopment firm focused on Argentina, \"We remain bullish on the yellow metal.\nDespite the recent price correction the price of gold (June 26, 2006) is\n144.50% higher than it was one year ago. The fundamentals have not changed and\nCompany's focus and business plan remain unchanged.\"\nAs the World Gold Council currently reported declines in supply over last\nyear's levels, Goldcorp Inc. (TSX: G; NYSE: GG) President and CEO Ian Telfer\nhas said he also believes that, \"World gold supplies are under pressure as\nmine production around the world is declining.\" Looking at the market, Telfer\nalso says, \"It is true, some mid-tier producers will increase production in\nthe years ahead,\" but he said he believes the company will continue to focus\non expanding their own production operations first and foremost.\nIn the midst of declining supplies, mid-tier producers are expected to\nboost exploration and eventually add their share to supplies. Alamos Gold Inc.\n(TSX: AGI) President and CEO John A. McCluskey offers that over the summer\nperiod he expects there may be, \"volatility in the short term, as the\ncorrection continues. Gold is still primarily trading in an inverse\nrelationship to the USD.\" In addition to this, he says at present, \"While we\nare currently in a correction phase, Q1'06 was very positive for gold\nproducers that wer...