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How One Man Came To Own 49% Of the World’s Largest Gold Miner

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In 1990, one man incredibly owned 49% of Newmont, the world’s largest gold mining company. He was one of the wealthiest and most charismatic capitalists who ever lived. This is Sir Jimmy Goldsmith’s unbelievable story: Jimmy Goldsmith was born into a family of prosperous outsiders. His ancestors took refuge from religious persecution at the turn of the 16th century in the Jewish ghetto of Frankfurt, Germany. Forbidden from marrying outside the ghetto, members of the Goldsmith family and the famous Rothchild family intermarried and went on to build European banking dynasties. By the early 1900’s the Goldsmith family was based at a plush estate in the UK called Cavenham.   Jimmy’s father Frank became a conservative MP from 1910 until 1918. Ostracised in England during WWI due to his family’s German origin, he accepted a foreign posting during the war and later settled in France where he became a prominent hotelier and father of two boys. Jimmy Goldsmith was born in Paris in 1933 with...

My Limited Howe Street Wisdom: Interviews of Tommy Humphreys

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April 22, 2022 - Tommy Humphreys on the Evolution of CEO.CA - Mining Stock Daily ( Link ) Sep 3, 2020 - Making and Keeping Millions from Mining Stocks with Tommy Humphreys (Mining Stock Education) May 25, 2020 - Behind Success Episode #1: Tommy Humphreys, Founder of CEO.ca (Matthew Nelson): Dec 3, 2019 - $5-$10 Million Companies Can Easily Become $50 Million (Daily Gold's Tenbagger Podcast): Nov 13, 2019 - For Investors in this Bull Market, 100 Baggers are Possible (Palisade Radio): Jan 13, 2017 - Date Your Mining Stocks, Don't Marry Them (Kitco News)

From Howe Street to the Big Time: Robert Friedland Celebrates 40 Years in Mining

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Robert Friedland shakes the hands of workers at the Kamoa Kakula mine in Feb 2014. Tommy Humphreys photo He’s the most celebrated mining entrepreneur alive but 40 years ago, Robert Friedland arrived in Vancouver, aged 34, with no contacts nor experience in mining. “You might say I literally entered the mining industry on my hands and knees,” Friedland told author Michael Caldwell. Crawling into an abandoned gold mine in Southern Oregon he was permanently bitten by the mining bug. “From that day on, I really knew what I wanted to do–had to do.” In mid 1982 Friedland floated Galactic Resources on the Vancouver Stock Exchange at 50 cents per share with no properties nor management. The stock hit $13.25 by 1984. For Galactic’s flagship asset, Friedland negotiated to acquire a 100 year old mining site in Colorado from ASARCO for $7 million before financing was in place. “The thing about Robert is he likes to see things finalized before he goes on to something else,” said Dr. William Bird, a...

Letter From the CEO.CA Founder

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Chelsea, Rosie and me It's been an emotional roller coaster ride here for a few months. My wife and I are thrilled to be expecting the arrival of another daughter any day now, but I’ll confess, that’s not what's been preoccupying me. After spending most of my adult life building CEO.CA, I just signed a deal to sell it to a friendly listed company, subject to exchange and other customary approvals. GoldSpot Discoveries (SPOT-TSXV) has entered into an agreement to acquire CEO.CA I believe this transaction will see CEO.CA become what I have always hoped it could be. For CEO.CA’s business to grow, its value proposition to its community must grow in lock-step. Our new owners understand this and are planning to expand the product and content rapidly. They do not wish to alter the culture, privacy policy, or the brand of CEO.CA in any way. The small team you know and love (cough) of Murat, Vaughan and myself are sticking around, and we will be complemented by new blood and greater r...

A Dollar for the Richest Gold Mine in US History

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Peter Munk (Barrick photo) The richest gold mine in US history has yielded 45+ million ounces since 1987, transforming its owner from a small player to #1 in the world. Yet a 50% stake in the same asset was valued at just a dollar a year earlier. He’d already lived an amazing life, but Peter Munk was new to the mining sector. At 16, Munk escaped Nazi occupied Hungary in 1944 on the Kastner train of 35 cattle wagons. After WW2, he moved to Canada and studied electrical engineering. Claritone, Munk’s first company, went viral in 1964 building beautiful home stereos endorsed by Frank Sinatra and later TVs. As quickly as Claritone took off it went broke over a troubled factory in Nova Scotia. Munk and partner David Gilmour dusted off and founded the largest resort in Fiji from a raw plot of oceanfront land. The venture exploded to 54 resorts in Australia and the South Pacific at its peak before fetching a $128 million sale price. Flush from Fiji, Munk returned to Canada in 1979 with design...

Winemaker with golden touch returns to mining

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John Skinner of Painted Rock Estate and Meridian Mining (TSXV:MNO) In Spring 2008, mining magnate Frank Giustra’s cell phone rang. John Skinner was on the line, looking to sell a large block in Giustra’s company New Gold to fund a 'side venture’. Skinner had worked two decades funding mining deals with Yorkton Securities and Canaccord Genuity. After a string of wins in the mid 2000’s mining boom he wanted to retire from finance and pursue his dream to build a winery. Skinner’s ‘side venture’ was already staked. He’d found an idyllic property on the north shore of BC’s Skaha Lake in 2003, bought the land, and begun it’s transformation. Giustra instructed Skinner to offer the New Gold stock at a set time, and with a few keystrokes and a blip on the screen, it was gone. As fast as Giustra bought his stock that day in 2008 Skinner left the investment industry. The timing turned out to be good. As the stock market reeled from the global financial crisis Skinner built Painted Rock Estate...

The last time I saw a setup this good, I banked enough for a house...

It was early 2016, and I doubted I would ever be able to afford a home in Vancouver. Six months later I bought a beautiful house with a garden big enough to practice my short game. I am a scavenger of the mining market. I look for ten baggers with less risk than pure exploration. Out of favour assets trading well below historical investment, ideally dropped by majors changing focus. Add skilled new management and good things happen if you time it right. My down payment came from a handful of startups following this formula. K92 Mining was one of them. They acquired a gold project from Barrick, the world’s top producer, for pennies on the dollar in a bear market. Around K92’s 2016 IPO I bought stock at 35 cents a share plus warrants at 45 cents. It reached $8.95 last week. - that’s a 50X return including warrants. You may have seen our reports on Skeena Resources ( 1 , 2 , 3 ). Like K92, Skeena brought new life to an old Barrick mine and has seen its share price 10X since. Sabina Gold ...