Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
A Hollywood movie set for release this week, loosely based on the real life story about how the world’s biggest gold discovery turned out to be the largest fraud in mining history, has investors recounting lessons learned two decades ago.
The film “Gold,” starring Matthew McConaughey as a prospector on a journey to find gold opens Friday in the US and some may believe it’s based on Calgary-based Bre-X Minerals scandal of the 1990s, which marked a watershed in the mining industry and helped inspire Canadian stock market regulations designed to prevent a recurrence of the incident.
