In this conversation with Ross Beaty, Chairman Emeritus & Special Adviser to Equinox Gold Corp. (TSX: EQX, NYSE: EQX) and Chair of Lumina Metals Corp. (TSX: LMCU, WSE: LMCU), we discuss what decades of building mining companies have taught him about risk, speculation, timing, and where the best opportunities are in the sector today.
Ross explains why exploration investing is closer to a casino than most people want to admit, how a small discovery can turn a million-dollar drill program into a billion-dollar asset, and why getting the commodity cycle right can matter just as much as picking the company. We also discuss why mining is suddenly back in favour with governments around the world, what can kill a project within the first hour of due diligence, and why infrastructure, jurisdiction and social licence often matter just as much as the orebody.
Ross also gives an update on Equinox Gold’s growth plans, explains why he recently invested another $10 million personally, and discusses Lumina Metals and what he sees as one of the largest copper-silver deposits in the world.
