SOURCE: Rothman Research

Rothman Research

March 16, 2010 09:15 ET

Gold Industry Outlook

JOHANNESBURG, SOUTH AFRICA--(Marketwire - March 16, 2010) - -- With the gold prices moving stead fast in late 2008 and 2009, many gold mining companies fraught the year, with their shares moving the ladder. However, some of the demand entails sturdy pricing in 2009 which could be unsustainable in the long run; ultimately meaning that gold prices could witness substantial volatility in the years to come.

Although solid demand may have proved a blessing for most gold miners in 2009, this however, does not necessarily mean that the trend will carry on. The gold outlook in the future is highly uncertain, but the leading low-cost producers in the industry are well-prepared to bear the volatility in business sphere. On this note David Cowan, senior analyst at, has overseen research on two companies of Basic Materials concern, Harmony Gold Mining Co. Ltd. (NYSE: HMY) and Rubicon Minerals Corp. (NYSE Amex: RBY); and his team of analysts evaluated the likely performance of these companies as the future of Gold hazes.

*Free downloadable reports of Harmony Gold Mining Co. Ltd  and Rubicon Minerals Corp. are now available upon registration at or

"The recent movement in gold prices to solidify the demand for gold investment has offset industrial and jewelry gold demand due to the recessionary period," analyzed David Cowan, senior analyst at, "The demand for gold investment budged more than 72% in 2008 and grew by an additional 90% through the first nine months of 2009. The factors driving this sturdy investment demand include the moving popularity of gold ETFs as well as the renewed institutional purchases through hedge funds and central banks."

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Harmony was brought in existence in South Africa on 25 August 1950 and got a new name Randgold-managed company, exploiting the single mine at lease. In 1995, the company was restructured as a separate entity after the winding up of Randgold.

Harmony's operations have seen itself growing and moving ahead since 1995, stretching out from a single, lease-bound mining operation into an independent, world-class gold producer. In FY09, Harmony recorded 1.46 million ounces of gold, making through the records and setting an example of being one of the world's largest gold mining companies. 

Rubicon Minerals Corporation riding the waves of dreams in the gold exploration sector has made a track record of discovery in the same sector. Rubicon's targets highly prospective gold producing areas of North America, while making a hold on 65,000 acres of prime exploration ground in the prolific Red Lake gold camp of Ontario, Canada, which hosts Goldcorp's high-grade, world class Red Lake Mine. Rubicon grabbed the 380,800 acres of upcoming exploration ground in Alaska in the area of the 5.6 million ounce Pogo deposit as well as a 225,000 acre land package in northeast Nevada.

Visit to see how these companies have grown over the past years.

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