Natural Resources >> Sector Roundtables >> December 25, 2000

Roundtable Forum: Investing In Gold Companies

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
JOE FOSTER is a Portfolio Manager for Van Eck International Investors Gold Fund. He was previously associated with Atlas Minerals in Green River, Utah and has since worked for several precious metals mining and exploration companies based in the western US Prior to joining Van Eck, Mr. Foster was employed at the Geology Department for Pinson Mining Company in Winnemucca, Nevada. He received a BS in Geology from Tennessee Technological University, an MS in Geology from the Mackay School of Mines and an MBA from the University of Nevada. 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
DANIEL R. MCCONVEY is a Vice President at Goldman Sachs & Company. He was previously associated with Lehman Brothers, where he was a Gold Mining Equity Analyst. Prior to that Mr. McConvey was associated with Barrick Gold Corporation as an Operations Controller and prior to that he spent five years with what is now Peat Marwick Thorne in Toronto and became a Canadian Chartered Accountant. He received a Bachelor of Commerce degree from the University of Windsor Ontario. Profile
TWST: Dan, how do you view the sentiment surrounding gold these days?

First, among investors, then at the central banks.

Mr. McConvey: Well, I think, first of all, that up until a couple