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Barrick CFO says gold has a lot more upside
By Karl Heilman
13 Dec 2006 at 11:19 AM

Barrick’s CFO said Tuesday that gold’s price fundamentals remain strong.

"I think we've got a lot more upside on the gold price. I certainly can see the highs that we had earlier this year being taken out," Jamie Sokalsky said in an interview.

"I think the supply-demand fundamentals that are there are very supportive to gold. There is certainly no shortage of geopolitical tensions around the world and the U.S. dollar has gotten weaker and the outlook for it is for continued weakness."

"We would be amenable to additional copper, as part of additional gold assets…We are really focused on gold, and a number of deposits that exist in the world are copper-gold porphyries. We would really like to have gold, and if copper came along with that, that would be fine with us.”