Ms. Douglas: I'm focused on gold, in particular the large cap gold miners. My colleague Andrew Mikitchook looks primarily at the smaller cap advanced developers and explorers.
TWST: As we look back, how would you characterize the first half of the year for
these companies from a business perspective?
Ms. Douglas: From a business perspective, it's been a good six months for them.
They've had a rally in their metal price for the first six months. The
inflationary influences on their costs have been abating. More recently we are
seeing some input price increase, but in the interim they've been able to raise
money to shore up their balance sheets and advance their projects. The tone of
their recent earnings conference calls are quite positive.
TWST: That's a pleasant change, I guess, from the recent past.
Ms. Douglas: A year ago, certainly, companies were seeing significant capital
increases and delays of projects because of the tightness of labor markets and
that sort of thing.
Tickers included in this excerpt: CEE:TSX, IAG, KGC, OSK:TSX, RBI:TSX
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