Natural Resources >> Analyst Interviews >> November 7, 2013

Significant Cost Escalation in the Gold Industry Drives Control Measures

Haughton, David
David Haughton joined BMO Capital Markets Corp., in 2007, where he has been instrumental in building the BMO metals & mining coverage to be one of the most comprehensive in the world in his role as Co-Head of Mining Research. He has 15 years of experience researching global mining companies as a Senior Equity Analyst for international stockbrokers, and a further seven years of experience as a Financial Analyst in the resources sector. Mr. Haughton cofounded and built Global Mining Research into a successful and internationally recognized business, providing unique and world-class mining equity research for institutional investors. He has successfully analyzed the major Australian, North American, South African, U.K., European, Asian and Russian-listed precious metal and mining companies. Mr. Haughton has been rated as a top analyst by investors and companies in Australian and Canadian surveys. In 2011, he ranked third in The Australian Financial Review for accuracy of earnings estimates overall in the Australia and New Zealand region. Mr. Haughton holds a Bachelor of Applied Science and a Master of Applied Science in geology from Queensland University of Technology. He also holds an MBA from the University of Queensland.  Profile
TWST: It looks like the gold price has been kind of reasonably stagnant over the past years. So what's going on?

Mr. Haughton: I wouldn't call that stagnant. I would call it a fairly