Pierre Lassonde’s Views of the Gold Mining Sector

Legendary gold mine investor Pierre Lassonde appears for the first time on the radio program this week.  Pierre is known for his leadership as an innovative mining executive and founder of the largest natural resources royal company, Franco-Nevada.

In 1985 Franco-Nevada acquired a royalty in a small mining operation in the heart of the Carlin gold belt of Nevada for US$2 million. From inception to February 2002 when the company was sold to Newmont Mining for US$3.2 billion, Franco-Nevada provided its shareholders a 36% annualized rate of return. For obvious reasons there are fewer mining company executives your host would rather talk to about the current state of the gold mining industry and whether or not he thinks now is a good time to increase gold share holdings.

Dr. Tony Barresi precedes Pierre to update us on Triumph Gold’s potential world-class, gold-copper porphyry project and we asked Michael Oliver if his analytical view of the gold markets is in sync with Pierre’s view from a fundamental viewpoint.

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Pierre Lassonde obtained his BA, BSc, U of Montreal 1971, MBA U. of Utah 1973, P.Eng 1976, CFA 1984, Hon PhD Engineering U of Toronto, Montreal, Ryerson, Hon PhD Business, U of Utah, Hon.D.Law, York University, June 2014 and Western University June 2015.

Pierre Lassonde co-founded Franco-Nevada Mining Corporation in 1982. Over the next 20 years Franco provided shareholders with a 36% annualized rate of return. The company was acquired by Newmont Mining Corp in February 2002 and Pierre became President and Vice Chairman in 2007. He served as Chairman of the World Gold Council from 2005 to 2009.

Mr. Lassonde’s philanthropic interest in education and the arts is well known. He has been Chairman of the Quebec National Art Museum since 2005. In July 2015 Mr. Lassonde was appointed Chair of the Board of the Canada Council for the Arts. He was made a Member of the Order of Canada in 2002 and Officer of the Quebec Order in 2008. Pierre was inducted into the Canadian Mining Hall of Fame in 2013.

Tony Barresi, Ph.D., P.Geo, VP Exploration of Triumph Gold, is an economic geologist with greater than ten years of base and precious metal exploration experience. He has conducted successful exploration programs on grassroots and brownfields projects, and specializes in volcanogenic massive sulfide, porphyry and epithermal deposit exploration.  Tony obtained his B.Sc. (honours) from Saint Mary’s University in 2004 and Ph.D. from Dalhousie University in 2015.  His Ph.D. thesis focused on the interplay between island-arc evolution and metallogenesis as recorded by the Hazelton Group in northwestern B.C., within one of Canada’s premiere metal districts.  Tony was awarded the prestigious Mary-Claire Ward Geoscience Award for his thesis by the Prospectors and Developers Association of Canada (PDAC) and the Geological Association of Canada (GAC).

Michael Oliver entered the financial services industry in 1975 on the Futures side, joining E.F. Hutton’s International Commodity Division, NYC. He studied under David Johnson, head of Hutton’s Commodity Division and Chairman of the COMEX.

In the 1980’s Oliver began to develop his own momentum-based method of technical analysis. In 1987 Oliver, along with his futures client accounts (Oliver had trading POA) technically anticipated and captured the Crash. Oliver began to realize that his emergent momentum-structural-based tools should be further developed into a full analytic methodology.

In 1992 he was asked by the Financial VP and head of Wachovia Bank’s Trust Department to provide soft dollar research to Wachovia. Within a year Oliver shifted from brokerage to full-time technical research. MSA has provided its proprietary technical research services to financial and asset management clients continually since 1992. Oliver is the author of The New Libertarianism: Anarcho-Capitalism.