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Message: a game of guess the gold price at pdac

a game of guess the gold price at pdac

posted on Mar 09, 2010 11:57AM
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PDAC 2010: Guess the gold price
Posted: March 09, 2010, 10:51 AM by Pamela Heaven

It may be a bit of a cliche, but why mess with a classic? Here's the results of the Financial Post's Annual (sort of) gold price guessing game, conducted Monday.

We asked 14 gold companies at PDAC to give their best guess for the price of gold in a year. The average of all the guesses came in at $1,443.58 (all prices U.S.).

The highest figure came from Capital Gold Corp., which guessed $2,000. The lowest was from Northern Freegold Resources, at $1,100.

The spot price at the time of the quiz was $1,122.

The winner, unfortunately, gets nothing but our admiration. And yes, this reporter was asked more than once how much that was worth on the open market.

Here's the full results:

Tradewinds Venture Inc. $1,250
Brazilian Gold $1,200
Crescent Gold Ltd. $1,550
Vault Minerals $1,327.18
Olympus Pacific Minerals $1,650
Linear Gold Corp. $1,700
Capital Gold Corp. $2,000
Rand Gold Res. $1,500
Wits Gold $1,500
Aurizon Mines Ltd. $1,533
Rainy River Res. $1,200
Northern Freegold Res. $1,100
Golden Band Res. $1,400
Acadian Mining Corp. $1,300



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