From All-Time High to 25% Correction: Where Does Gold Go From Here?

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...

Watch the replay

Replay transcript excerpt

[Speaker identities could not be resolved; generic labels used] [00:04] 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, [00:11] Speaker 1: Michael Ferrant, President and CFO at New Break Resources, [00:15] Speaker 1: David Russell, President and CEO at Gallium Gold, and Manish Grigo, Corporate Development at RPX Gold. [00:22] 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, [00:30] Speaker 1: Where do we go from here? [00:32] Speaker 1: As always, this event is being recorded and will be available for replay shortly after we conclude. [00:38] 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. [00:47] Speaker 1: Now we're sitting around 4, 000 to 4, 500. [00:52] 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 [01:00] Speaker 1: And are those same opportunities [01:02] Speaker 1: still on the table? [01:04] Speaker 1: David, we'll start with you. [01:05] Speaker 2: OK. [01:07] Speaker 2: 1 is, [01:09] Speaker 2: years ago, early 2000, I wasn't a believer in gold going up [01:13] Speaker 2: and made some major positioning mistakes. But [01:16] Speaker 2: did I expect it the last year or 2 to go up? Yeah, I did. [01:20] Speaker 2: A lot of things were going obviously you got Russian and Ukraine and you've got Iran, US now. [01:26] Speaker 2: And when you get these wars going on, who's most unstable, [01:30] Speaker 2: both countries will run to gold. So I...