Ross Beaty: Mining is a Long-term Game but Politics is a Short-term Game

Mining entrepreneur Ross Beaty tells mining investors to have a long-term outlook. He says that mining is a long-term game but politics is a short-term game.  Ross addresses the recent political movements in South America and worldwide that are or potentially might kill the goose (miners) that lays the golden eggs.  He also addresses investing in an explorer in a country that appears to be moving in a direction unfavorable to mining.  Ross also talks about when should a company JV a project and not advance it alone.  Furthermore, he shares about some of his personal investments including Osino Resources and Orca Gold.

Ross Beaty is a geologist and resource entrepreneur with over 45 years of experience in the international minerals and renewable energy industries. He is an internationally recognized leader in both non-renewable and renewable resource development, having founded and divested several companies. In addition to Pan American Silver, Ross is the Chairman of Equinox Gold Corp., a mid-tier gold producer.

0:00 Introduction

0:42 Governments worldwide are killing the goose (miners) the lays the golden egg

8:48 Mining is a long-term game

12:46 Can an explorer/developer investment succeed in a country less favorable to mining

14:48 “It’s just crazy” to sell an explorer based on commodity price or politics

15:28 Be patience as a mining speculator

16:53 Deciding when to JV a project

20:45 How long will Covid still hinder M&A’s

21:31 How to view an explorer’s shift in commodity focus

23:05 Orca Gold, Osino Resource & other mining investments