The new afton mine in canada, the mesquite mine in the united states, the peak mines in australia and the cerro san pedro mine in mexico which transitioned to residual leaching in 2016 provide the. The value of your investment goes up when the gold price goes up, and down when the gold price falls. Lassonde now owns or exercises control and direction over. Lassonde is a gold industry pioneer having established the first gold royalty trust three decades ago. Lassonde is an active and engaged philanthropist in both canada and the united states in the fields of education, the arts and the community in which he lives. By purchasing mining royalties, the company grew at a 36% compound rate. Jul 27, 2016 according to pierre lassonde, chairman of the gold royalty and streaming company franco nevada, the number of supergiant discoveries more than 20 million ounces has plunged in recent years. Pierre lassonde current chairman of franco nevada he was president of newmont mining corporation from 2002 to 2006 and prior to that from 1982 to 2002 was a cofounder and coceo of the original franconevada. This certainly lends some credence to claims that bitcoin is the new gold, especially for techsavvy millennials who are distrustful of central banks and traditional financial markets. On the heels of the recent plunge in the gold and silver markets and collapse in the mining stocks, today legend pierre lassonde spoke with king world news about the recent carnage as well as what he is doing with his own money right now as well as where he believes the price of gold is headed from here. The gold book is a comprehensive guide for every investor. In addition, lassonde authored in 1990 the gold book. We dont know how to replace the great big gold deposits from. Im jordan roybyrne, cmt, mfta the editor and publisher of and thedailygold premium, our premium publication which emphasizes market timing and stock selection for precious metals investors.
Pacific coast highway laguna beach, california 92651 1415, united states. The rainy river project is an example of new golds strategy of investing in longerlived, largerscale, lowercost assets. The lure of gold transcends time, empires, monetary theories and fashion. Chrysogonum virginianum pierre aka pierre s green and gold. Not much gold in region, but plenty of prospectors the. The companys secondhalf gold production of 111,164 ounces topped its own internal estimates, while its 2017 forecast of 230,000 to 240,000 ounces of gold with a midpoint allin sustaining cost. Pierre lassonde, veteran gold analyst, cofounder and chairman of franco nevada mining corp. The virtually unknown gold investment i want to tell you about was pioneered by a canadian named pierre lassonde. This week, we take a look at buying in new gold inc. Es gibt keine grossen goldfunde mehr unternehmen ausland.
Jun 16, 2018 while a much higher gold price is needed to bring bullish sentiment back into the mining space, the yellow metal is already fairly priced, said pierre lassonde, chairman of franconevada corp. Chrysogonum virginianum pierre pierres green and gold for. The company has a portfolio of four producing assets and two significant development projects. He is a former chair of the world gold council and is current board chair of franco nevada.
Through a mexican subsidiary company, they also own the cerro san pedro goldsilver mine in san luis potosi, mexico, which ceased operation in 2017. While new gold was founded in 1980 for the purposes of mineral. The physical gold is stored by the etf issuer, which solves your mattress problem. He is past chair of the world gold council, author of the gold book and has served on many mining boards and industry committees and. Selecting the right skilled nursing facility can be critical to your speedy recovery. For an allegedly precious metal, gold has gone without love for a long time. Legendary and widelyacclaimed mining expert pierre lassonde, chairman of franconevada nyse. We also have three significant development projects.
Pierre lassondes views of the gold mining sector seeking alpha. He is past chair of the world gold council, author of the gold book and has served on many mining boards and industry committees and is recognized for his philanthropy. Pierre lassonde increases ownership in foran mining inn. Founding donor pierre lassonde is the founding donor of the school that bears his name. Apr 08, 2017 for an allegedly precious metal, gold has gone without love for a long time. Lassonde holds the position of chairman of the board of the new franconevada. New gold has a set of core principles that are well entrenched within the company. Industry veteran buys at new gold the globe and mail. Looking ahead 30 years, pierre believes the yellow metal could average.
What have been the biggest changes in gold investment since then. Metals economics group strategies for gold reserves replacement 2012. Legend pierre lassonde discusses the panic in the gold. Lassonde is arguably the greatest company builder in the history of the mining sector.
Represents 189 gold deposits discovered since 1990, each with at least 2m oz of gold in total reserves, resources and past production or at least 1m oz in reserves. About new gold new gold is an intermediate gold producer with operating mines in canada new afton mine, the united states mesquite mine, australia peak mines and mexico cerro san pedro mine. By purchasing mining royalties, the company grew at a. Individuals at all levels of the company are bound by these principals thus creating a positive work environment. Mining magnate pierre lassonde says this will be golds. New gold limps to q4 net loss, releases new lifeofmine plans. For every etf share sold, the etf buys 1100th of a fine troy ounce of actual gold. Deer resistant plants, dry shade plants, florida native plants, georgia native plants, groundcovers, pollinator plants, north american native plants, north carolina native plants, salt. Chrysogonum virginianum pierre pierres green and gold. In addition, pierre authored the wellrecognized investors guide, the gold book, in 1990.
New gold operates a number of highyield properties in california, british columbia. The first biggest change is the development of gold. Jun 27, 2014 this week, we take a look at buying in new gold inc. Pierre lassonde, cm, oq, born in sainthyacinthe, quebec in 1947, is a canadian. New gold is an intermediate gold producer with operating mines in canada new afton mine, the united states mesquite mine, australia peak mines and mexico cerro san pedro mine. Jeff orchard, who wrote a book about finding gold in new hampshire, said some of the.
Trade shares from major stock exchanges such as nyse, nasdaq and more. Pierre lassonde revealed how he and other wealthy investors are taking advantage of. New gold is an intermediate gold mining company with four operating mines. I think gold is in a good place, pierre lassonde, cofounder of franconevada, said last week at the denver gold forum. Ngd ceo renaud adams on q4 2019 results earnings call transcript.
While a much higher gold price is needed to bring bullish sentiment back into the mining space, the yellow metal is already fairly priced, said pierre lassonde, chairman of franconevada corp. New gold inc is an intermediate gold mining company with operations across the globe. With the recent drops in gold and silver prices, the former president of newmont mining told king world news that the superwealthy are now buying massive positions in the gold sector. Pierre lassonde, chairman of franconevada, expects production in the. The gold book is a comprehensive guide for every investor, whether your buying a few coins or plunging into the world of gold mining stocks. When it comes on stream next year, rainy river has the potential to boost our companys annual gold production by 75 percent from current levels at lower allin sustaining costs.
May 28, 2016 pierre lassonde current chairman of franco nevada he was president of newmont mining corporation from 2002 to 2006 and prior to that from 1982 to 2002 was a cofounder and coceo of the original franconevada. Gold legend pierre lassonde sounds unphased by the correction in an interview with. Pierre lassonde announced a recent purchase of 931,500 common shares of foran mining corporation tsxv. Oct 31, 2016 the gold book is a comprehensive guide for every investor, whether your buying a few coins or plunging into the world of gold mining stocks. According to pierre lassonde, chairman of the gold royalty and streaming company franco nevada, the number of supergiant discoveries more than. The new afton mine in canada, the mesquite mine in the united states, the peak mines in australia and the cerro san pedro mine in mexico which transitioned to residual leaching in 2016.
Jun 15, 2018 while a much higher gold price is needed to bring bullish sentiment back into the mining space, the yellow metal is already fairly priced, said pierre lassonde, chairman of franconevada corp. While a much higher gold price is needed to bring bullish sentiment back into the mining space, the yellow metal is already fairly priced, said. As the world becomes ever more datadriven, smart businesses look to fully realize the benefits of the data revolution, from streamlining internal processes and communicating more ably with current and potential customers, to lowering costs and creating jobs. Gold is the quintessential inflation hedge and insurance policy against political and economic turmoil. In addition, new golds principal development projects are its 100%owned rainy river and blackwater projects, both in canada. Lassonde served as chairman of the world gold council from 2005 to 2009. Trillions from global central banks have lifted many assetsfrom stocks and bonds to manhattan condosto or close. Legendary gold mine investor pierre lassonde appears for the first time. Proponents argue that bitcoin is a better store of value than u.
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