Trillions from global central banks have lifted many assetsfrom stocks and bonds to manhattan condosto or close. Metals economics group strategies for gold reserves replacement 2012. 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. 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. New gold limps to q4 net loss, releases new lifeofmine plans. The lure of gold transcends time, empires, monetary theories and fashion. Pierre lassonde, cm, oq, born in sainthyacinthe, quebec in 1947, is a canadian.
Golds bottom in place, time to look at miners marketwatch. 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. 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. 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. While new gold was founded in 1980 for the purposes of mineral. The gold book is a comprehensive guide for every investor. We also have three significant development projects. Through a mexican subsidiary company, they also own the cerro san pedro goldsilver mine in san luis potosi, mexico, which ceased operation in 2017. 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. This week, we take a look at buying in new gold inc. For every etf share sold, the etf buys 1100th of a fine troy ounce of actual gold.
Golden livingcenter pierre located in pierre, sd, in hughes county, offers a variety of therapies and care services to help you regain your independence. 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. Pierre lassonde, veteran gold analyst, cofounder and chairman of franco nevada mining corp. Pierre lassonde revealed how he and other wealthy investors are taking advantage of. Trade shares from major stock exchanges such as nyse, nasdaq and more. Jeff orchard, who wrote a book about finding gold in new hampshire, said some of the. Individuals at all levels of the company are bound by these principals thus creating a positive work environment. Lassonde is a gold industry pioneer having established the first gold royalty trust three decades ago. Ngd ceo renaud adams on q4 2019 results earnings call transcript. Legendary gold mine investor pierre lassonde appears for the first time.
Chrysogonum virginianum pierre pierres green and gold. Industry veteran buys at new gold the globe and mail. New gold is an intermediate gold mining company with four operating mines. 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. 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. 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. Chrysogonum virginianum pierre pierres green and gold for. 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.
Gold is where it should be pierre lassonde youtube. Apr 08, 2017 for an allegedly precious metal, gold has gone without love for a long time. 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. By purchasing mining royalties, the company grew at a. Lassonde is arguably the greatest company builder in the history of the mining sector. Selecting the right skilled nursing facility can be critical to your speedy recovery. In addition, lassonde authored in 1990 the gold book. By purchasing mining royalties, the company grew at a 36% compound rate.
Proponents argue that bitcoin is a better store of value than u. I think gold is in a good place, pierre lassonde, cofounder of franconevada, said last week at the denver gold forum. Legendary and widelyacclaimed mining expert pierre lassonde, chairman of franconevada nyse. New gold inc is an intermediate gold mining company with operations across the globe. We dont know how to replace the great big gold deposits from.
Looking ahead 30 years, pierre believes the yellow metal could average. The company has a portfolio of four producing assets and two significant development projects. Gold legend pierre lassonde sounds unphased by the correction in an interview with. Legend pierre lassonde discusses the panic in the gold. 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. Lassonde now owns or exercises control and direction over. The rainy river project is an example of new golds strategy of investing in longerlived, largerscale, lowercost assets. Pacific coast highway laguna beach, california 92651 1415, united states. 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. 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. Pierre lassonde announced a recent purchase of 931,500 common shares of foran mining corporation tsxv. The physical gold is stored by the etf issuer, which solves your mattress problem. 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. 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.
The complete investment guide to precious metals in 1990. Not much gold in region, but plenty of prospectors the. Jun 27, 2014 this week, we take a look at buying in new gold inc. Mining magnate pierre lassonde says this will be golds. 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. The virtually unknown gold investment i want to tell you about was pioneered by a canadian named pierre lassonde. The value of your investment goes up when the gold price goes up, and down when the gold price falls. 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. In addition, pierre authored the wellrecognized investors guide, the gold book, in 1990. 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. According to pierre lassonde, chairman of the gold royalty and streaming company franco nevada, the number of supergiant discoveries more than. 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.
The company has a portfolio of four producing assets. Lassonde holds the position of chairman of the board of the new franconevada. Pierre lassonde, chairman of franconevada, expects production in the. Pierre lassonde increases ownership in foran mining inn. What have been the biggest changes in gold investment since then. Founding donor pierre lassonde is the founding donor of the school that bears his name. For an allegedly precious metal, gold has gone without love for a long time. New gold operates a number of highyield properties in california, british columbia. 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. Es gibt keine grossen goldfunde mehr unternehmen ausland. Chrysogonum virginianum pierre aka pierres green and gold. Chrysogonum virginianum pierre aka pierre s green and gold.
Mining magnate pierre lassonde says this will be golds main. He is a former chair of the world gold council and is current board chair of franco nevada. Deer resistant plants, dry shade plants, florida native plants, georgia native plants, groundcovers, pollinator plants, north american native plants, north carolina native plants, salt. 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. Pierre lassondes views of the gold mining sector seeking alpha.