The Financial Post reports in its Thursday edition that Paul Harbridge, chief executive officer of junior GT Gold, said a gold price of $1,500 may become the new norm. The Post's Gabriel Friedman writes that Mr. Harbridge says the industry is treading cautiously: No one wants to use too high of an assumed gold price because in the past when gold prices crashed, many companies' valuations crashed too, and many mine projects were suddenly no longer economic. "Everyone got carried away with large capital projects that used high gold prices, and then when the crush happened, it was pretty ugly," Mr. Harbridge said. "So we've benchmarked our gold price against what our peers are doing. I think everyone's question is, is this gold price sustainable or is it driven by the short term, this pandemic and the quantitative easing?" GT Gold is an explorer defining a copper-gold deposit in British Columbia. Meanwhile, Pure Gold Mining is on track to finish building a mine near Red Lake, Ont., by the end of the year, and in February released a study on what ore was economically feasible to mine, which assumed gold at $1,275. Darin Labrenz, CEO of Pure Gold, said every aspect of the study "is kind of out of date."