Robert Quartermain, a geologist and mine builder who began his career at Hemlo in the early 1980s under Teck, said gold at $4,000 “looks very attractive” for mine development. He now serves as lead director of the company that acquired the Ontario gold mine from Barrick. The comments, reported by Kitco, come as gold prices sit near that level, a backdrop relevant to gold-linked assets such as AAAU.
Gold at $4,000 ‘looks very attractive’ to a mine builder who started at $140, Robert Quartermain
Robert Quartermain, the geologist who first went underground at Hemlo in the early 1980s while working for Teck, is now lead director of the company that bought the Ontario gold mine from Barrick, according to Kitco News.
More than 40 years later, he says he knows the rocks better than he did then.
Career and current role
- Quartermain began his career underground at Hemlo in the early 1980s, working for Teck.
- He is now lead director of the company that acquired the Ontario gold mine from Barrick.
Price backdrop
The comments, reported by Kitco, come as gold prices sit near the $4,000 level — a backdrop relevant to gold-linked assets such as AAAU.
The article was published by Kitco News on November 5, 2026.