Natural Resources >> Sector Roundtables >> December 27, 1999

Roundtable Forum: Investing In Gold Companies

VICTOR FLORES is a Senior Analyst with HSBC Securities (USA) Inc., focusing on precious metals. Previously, he was associated with Marleau, Lemire Securities, Inc., and U.S. Global Investors. He earned both his Bachelor's degree in Geological Sciences and his MA in Energy and Mineral Resources Management from the University of Texas at Austin. A Chartered Financial Analyst, Mr. Flores is a member of the AIMR and the Society of Mining Engineers. Profile
LEANNE M. BAKER is a Director in the Equity Research Department of Salomon Smith Barney, recently promoted to Managing Director. Previously, she was associated with Salomon Brothers, Philipp Brothers, the Golden Daily Transcript, and the Colorado School of Mines as a Public Information Officer. Dr. Baker holds a Bachelor's degree in Journalism from the University of Colorado, as well as Master's and Doctoral degrees in Mineral Economics from the Colorado School of Mines. She is a member and former president of the Nonferrous Metals Analysts Group and a member of AIME, Women in Mining, and the Mineral Economics and Management Society. Profile
JOHN HATHAWAY is a Senior Portfolio Manager with Tocqueville Asset Management. A Chartered Financial Analyst, he previously served as President and CIO of Oak Hall Capital Advisors. He is also a member of the NYSSA. Mr. Hathaway earned his Bachelor of Arts degree from Harvard and an MBA from Darden Business School. He is married, has three children, and includes golf, skiing, gardening, and photography among his personal interests. DAVID G. MALLALIEU is Mining Analyst at Scotia Capital Inc. He was previously associated with Nesbitt Burns Inc. as a Gold Mining Associate, Placer Dome Inc., as a Project Geologist, Emerald Lake Resources as a Mine Geologist and Kidd Creek Mines Ltd. as a Senior Geologist. Mr. Mallalieu received a BSc with Honors from Carleton University and an MBA from Queen's University and is a Treasurer for the Mining Analyst Research Group. Profile
EGIZIO BIANCHINI is a Managing Director at BMO Nesbitt Burns, Inc., covering gold mining. He was previously associated with Levesque Beaubien and Echo Bay Mines where he worked in Planning and Corporate Development. He received a BSc with Honors in Geology and an MBA from the University of British Columbia. Profile
Bryan, Caesar M.P.
Caesar M.P. Bryan joined Gabelli Funds, Inc. in 1994 as the Portfolio Manager of the Gabelli Gold Fund. He has also managed the GAMCO International Growth Fund since its inception in June 1995. Prior to joining Gabelli Funds, Mr. Bryan was a portfolio manager at Lexington Management. At Lexington, he was responsible for managing the Lexington Gold Fund and international equity portfolios. Mr. Bryan started his career at Samuel Montagu, a London-based Merchant Bank in 1979. Mr. Bryan is a graduate of the University of Southampton, England, and is a member of the English Bar. Profile
TWST: Egizio, will you look back and trace the movement in the price of

gold through 1999 year-to-date?

Mr. Bianchini: The gold price started the year at just below $300. It