NEW YORK, Oct. 16 2003 (PRIMEZONE) -- Cameron White, Chairman of MBA Gold Corp. (TSX Venture Exchange:MBA) discussed the company's World Beater gold project in Eastern California, and how the property fits in perfectly with the company's property acquisition strategy. White gave projections for the property's gold production, and gave a timeline for the project. White also discussed the company's milestones, including acquisition opportunities, and detailed how his company differs from other mining companies "with a good geologist with a bright idea and some land." White said he's very bullish on the long-term prospects of the gold industry. "I think the bottom line is that the world is changing," he said. "Investors are coming back to hard assets, and moving away from paper assets."
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Ian Telfer, Chairman of Wheaton River Minerals Ltd. (AMEX:WHT) discussed the company's projects in Mexico, and gave an estimate of the company's gold production within two years. Telfer detailed the distinct advantages of their El Limon project, including richer grades. Telfer discussed the company's rapid growth, and projected an increase in the company's earnings for this quarter. Telfer discussed some of the milestones in the coming months that potential investors should look out for, and gave a 3 to 5 year timeline for the company's projects. "Two years ago, this company had nothing," Telfer said. "Within three to five years, we would expect to acquire additional assets, and push our production past the million-ounce mark."
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Peter Bradford, President and CEO of Golden Star Resources (AMEX:GSS) discussed the steps the company is taking to increase their gold production to 250,000 ounces in 2005. Bradford detailed the company's acquisition strategy, and how they have managed to acquire properties that comprise nearly 50 percent of the Ashanti Gold Belt in Ghana. Bradford gave a timeline of the company's Wassa project, as well. Bradford detailed how the company has managed to maintain amicable relationships with local politicians and officials in Ghana, and discussed some of the company's South American projects. Bradford detailed some of the company's upcoming milestones, and discussed how they plan to boost production at their Bogoso-Prestea mine in Ghana.
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