From All-Time High to 25% Correction: Where Does Gold Go From Here?
Join us as we dig into gold's sharp 25% drop from its all-time high and tackle the question every investor is asking right now: is this a buying opportunity or a warning sign?
Tue, June 30, 2026 at 11:00 AMendedReplay
Investor webinar replay
Meeting Overview The meeting focused on the current state of the gold market, discussing the recent fluctuations in gold prices and the implications for various mining companies. The participants shared their insights on market trends, positioning strategies, and expectations for future gold prices. Key Discussion Points - Overview of the gold price fluctuations, reaching an all-time high of over $5,500 an ounce. - Individual company strategies and positioning in response to gold price changes. - The impact of geopolitical tensions and macroeconomic factors on gold prices. - Discussion on the profitability of gold mining at current price levels. - Perspectives on future gold price trends and market conditions. Decisions Made - No explicit decisions recorded. Action Items & Next Steps - [Unassigned] : Monitor macroeconomic factors affecting gold prices and adjust strategies accordingly. - [Unassigned] : Evaluate the potential for production increases based on current gold price level...
David Russell is a seasoned mining executive with a track record of leading companies through project development, mine construction and strategic transitions (M&A, turnarounds). He holds a B.Sc. in Mining Engineering from Montana Tech and currently serves as President & CEO of Galleon Gold Corp., where he leads the development of the West Cache Gold Project in Timmins, Ontario. Prior to this, he founded and led Apollo Gold where he acquired the Black Fox Mine bringing it into production. Mr. Russell has held senior roles at companies including Getchell Gold, LAC Minerals / Barrick, Hecla, and Independence Mining.
Mr. Farrant has 28 years’ experience in gold mining, including President and CEO of Sierra Minerals Inc., a TSX listed Mexican gold producer (now Goldgroup Mining Inc.), CFO of junior gold producers and explorers, Vice President, Treasurer and Operations Controller with Kinross Gold Corporation and Corporate Controller with Barrick Gold Corporation. Mr. Farrant was co-founder, President and CEO of Commonwealth Silver and Gold Mining Inc., sold to Marlin Gold Mining Ltd. in 2015. Mr. Farrant received a Bachelor of Commerce (Honours) from Queen’s University in 1992 and earned his CA in 1995 with Coopers & Lybrand (now PwC).
Mr. Skanderbeg was most recently President and CEO of Claude Resources Inc. since November 2014 – which was acquired by Silver Standard Resources Inc. for $337 million. He previously worked for Goldcorp, Inco Ltd. and Helio Resources, holding positions in both exploration and operations. Mr. Skanderbeg is also a director of Wesdome Mines. He holds a B.Sc. from the University of Manitoba and an M.Sc. from Rhodes University, South Africa. He brings extensive experience in the exploration and evaluation of gold systems, operational management, cost and asset optimization and strategic analysis.
15+ years in capital markets as a Research Analyst with sector and special situations coverage. Extensive experience advising companies on capital markets strategy across a wide range of sectors, including mining.
Replay transcript excerpt
Speaker 1: Hello everyone and thank you for joining us for this live event. Today we have Brian Skanderbeg, President and CEO of GFG Resources, Speaker 1: Michael Ferrant, President and CFO at New Break Resources, Speaker 1: David Russell, President and CEO at Gallium Gold, and Manish Grigo, Corporate Development at RPX Gold. Speaker 1: We'll be talking macro today to try and get a sense of where we are in the gold cycle. From an all-time high to gold hovering around $4, 000 an ounce, Speaker 1: Where do we go from here? Speaker 1: As always, this event is being recorded and will be available for replay shortly after we conclude. Speaker 1: So, gentlemen, welcome. Let's start off with a big picture moment that brought us all here. Gold hit an all-time high over 5, 500 an ounce in January. Speaker 1: Now we're sitting around 4, 000 to 4, 500. Speaker 1: Did any of you actually expect gold to get that high? And when it did, how did your company's position to take advantage of that environment Speaker 1: And are those same opportunities Speaker 1: still on the table? Speaker 1: David, we'll start with you. Speaker 2: OK. Speaker 2: 1 is, Speaker 2: years ago, early 2000, I wasn't a believer in gold going up Speaker 2: and made some major positioning mistakes. But Speaker 2: did I expect it the last year or 2 to go up? Yeah, I did. Speaker 2: A lot of things were going obviously you got Russian and Ukraine and you've got Iran, US now. Speaker 2: And when you get these wars going on, who's most unstable, Speaker 2: both countries will run to gold. So I expect the gold to, you know, between hedging and whatnot to start moving up. I didn't expect to go to 55, 5, 600, Speaker 2: but I expected it to push the 4, 000 mark and it did, and then it hit the 5, 500. Speaker 2: So a...
