Pierre lassonde and his partners have collectively founded a company franco nevada and they have also discovered one of north americas biggest gold deposits known as the goldstrike mine. Oct 31, 2016 the gold book is a comprehensive guide for every investor, whether your buying a few coins or plunging into the world of gold mining stocks. The compendium of chemical terminology is a book published by the international union of pure and applied chemistry iupac containing internationally accepted definitions for terms in chemistry. In addition, pierre authored the wellrecognized investors guide, the gold book, in 1990. Lassonde is well known in the international mining community and north american capital markets, he is currently chairman of franconevada nyse.
Royalties in gold were traded almost exclusively among mining companies, and no one had tried to break into the business before. In other words lassonde has had a remarkably strong track record in the gold and gold mining sector he wrote a book on investing in gold and. There he managed the very successful dynamic gold fund for a period of 10 years. Oh, for a journalist who would put a few serious questions to franconevada chairman pierre lassonde, former chairman of the world gold council, when he says, as he told daniela cambone of kitco news this week, that gold is wellpriced and where it should be. Boring gold giants struggle to compete with hot battery. Now, they have a lifetime royalty for this gold mine. Watch the royalty of the miners for clues on precious metals. Legend pierre lassonde says price of gold to skyrocket.
Pierre lassonde buying at orla mining ola canadian insider. Lassonde and partner seymour schulich founded the original. The first edition was published in 1987 isbn 0632017651 and the second edition isbn 0865426848, edited by a. He and partner seymour schulich started out by focusing on mine exploration. Pierre lassonde announced a recent purchase of 931,500 common shares of foran mining corporation tsxv. Watch the royalty of the miners for clues on precious. This week, we take a look at buying in new gold inc. Today, he is still in the royalty business as chairman of franco nevada corporation. Lassonde is an active and engaged philanthropist in both canada and the united states in the fields of education, the arts and the community in which he lives. The lassonde difference pierre lassonde has come a long way since. And with all of the bullish factors, i would not be surprised to see the price of gold with 4 more digits after the first number, i just dont know what those. Feb 18, 2002 royalties in gold were traded almost exclusively among mining companies, and no one had tried to break into the business before. The lure of gold transcends time, empires, monetary theories and fashion.
The pierre lassonde pavilion named after the chair of the museums board of directors is due to open tomorrow in quebecs parc des champsdebataille. The center of gold trading is moving to china, and between india and china that comprises more than 50 percent of the physical gold market. Represents 189 gold deposits discovered since 1990, each with at least 2m oz of gold in total reserves, resources and past production or at least 1m oz in reserves. May 28, 2016 legend pierre lassonde said chinas exchange will become like a casino and cause the price of gold to skyrocket pierre lassonde.
Last year, however, the growth was more like 2% or 2. Pierre lassonde has made wideranging contributions as a successful businessperson, philanthropist, community leader, and supporter of mining education and research. By purchasing mining royalties, the company grew at a. Dec 29, 2006 pierre lassonde became president of denverbased gold giant newmont mining corp. Pierre lassonde pavilion doubles the size of quebec museum. That was just the beginning for pierre lassonde, who went on to become very rich and the president of newmont mining which for a time was the worlds biggest gold miner until barrick bought placer dome. The complete investment guide to precious metals featuring the death of the golden bear pierre lassonde on. Lassonde, 64, is a legend in the mining industry who amassed his fortune investing in gold and minerals and as cofounder of the franconevada mining corp. Jun 15, 2018 while a much higher gold price is needed to bring bullish sentiment back into the mining space, the yellow metal is already fairly priced, said pierre lassonde, chairman of franconevada corp.
After 35 years leading franconevada, pierre lassonde the founder of the. At lassonde industries, pierrepaul lassonde has 15 colleagues who can be contacted including denis boudreault director, chantal belanger director industry colleagues in the food industry, pierrepaul lassonde has,857 colleagues in 1,493 companies located in 78 countries. Gold is where it should be pierre lassonde youtube. Pierre lassonde increases ownership in calibre mining. Jun 27, 2014 this week, we take a look at buying in new gold inc. Printing of money drives gold pierre lassonde the perfect gold storm 23 october, 2012. Lassonde likes the gold price with central banks rigging the. He thinks this will persist for another 12 to 18 months, at. Legendary and widelyacclaimed mining expert pierre lassonde, chairman of franconevada nyse.
He established the lassonde institute for engineering and geoscience at the univ. Mining legend pierre lassonde says we are in the second leg. In 1982, he cofounded, along with his business partner seymour schulich. Mining legend pierre lassonde says we are in the second. Gold demand in china has been related to the growth in gross domestic product gdp. Looking ahead 30 years, pierre believes the yellow metal could average. In 1983, my friends and early mentors seymour schulich and pierre lassonde founded franconevada mining, the worlds first gold royalty company. The gold book is a comprehensive guide for every investor, whether your buying a few coins.
He is past chair of the world gold council, has served on many mining boards and is recognized for his philanthropy. Im jordan roybyrne, cmt, mfta the editor and publisher of and thedailygold premium, our premium publication which emphasizes market timing and stock selection for precious metals investors. Liste des mariages, baptemes et sepultures pour pierrepaul lassonde. Jan 06, 2016 in 1983, my friends and early mentors seymour schulich and pierre lassonde founded franconevada mining, the worlds first gold royalty company. He is pierre lassonde, in 1982 he teamed up with fellow gold bug seymour schulich to create a cash generating royalty company based on the model used by the oil and gas industry, but in stead they focused on. The gold book is a comprehensive guide for every investor, whether your buying a few coins or plunging into the world of gold mining stocks. The new pierre lassonde pavilion, an over 160,000 square foot space will allow the public to see the museums decorative and design collection, contemporary art collection, as well as a gallery of. He joined the company following newmonts acquisition of franconevada mining corporation limited, which he cofounded and served as president and cochief executive officer from 1982. In 2008, pierre led an investors group bringing back franconevada to the public market. Designated a professional engineer by the association of profession engineers of ontario and a cfa by the university of virginia, he was granted a bachelor of science by ecole polytechnic of. For investors this strategy has paid off golden returns. For more than a decade, each 1% growth in gdp resulted in 1. Founding donor pierre lassonde is the founding donor of the school that bears his name. This year marked the 30th anniversary of the denver gold forum dgf, the worlds most prestigious precious metal equities investment.
Nov 01, 2011 lassonde, 64, is a legend in the mining industry who amassed his fortune investing in gold and minerals and as cofounder of the franconevada mining corp. By purchasing mining royalties, the company grew at a 36% compound rate. He served as chairman of the world gold council from 2005 to 2009. Price new from used from paperback, 1994 please retry. Pierre lassonde became president of denverbased gold giant newmont mining corp. While a much higher gold price is needed to bring bullish sentiment back into the mining space, the yellow metal is already fairly priced, said pierre lassonde, chairman of franconevada corp. Industry veteran buys at new gold the globe and mail. About pierre lassonde lassonde entrepreneur institute university. Sting plays toronto womans 45th birthday bash the star. He is past chair of the world gold council, author of the gold book and has served on many mining boards and industry committees and is recognized for his philanthropy. In addition, lassonde authored in 1990 the gold book. With his 25 years of mining experience, pierre lassonde has acquired a reputation as one of canadas leading gold analysts. Pierre lassonde current chairman of franco nevada he was president of newmont mining corporation from 2002 to 2006 and prior to that from 1982 to 2002 was a cofounder and coceo of the original franconevada.
In his outstanding publication, the gold book, author pierre lassonde tells the fascinating history of bullion through the ages. With over 25 years of experience, lassonde has acquired a reputation as one of canadas leading gold analysts and is author of the gold book. The gold book paperback january 1, 1994 by pierre lassonde author see all formats and editions hide other formats and editions. He is the cofounder and chairman of franconevada corp. Orla mining is in the gold sub industry group under the basic materials sector.
Pierre lassonde increases ownership in calibre mining inn. Lassonde served as chairman of the world gold council from 2005 to 2009. Gold is the quintessential inflation hedge and insurance policy against political and economic turmoil. The complete investment guide to precious metals financial times personal finance library pierre lassonde on. Pierre lassonde, veteran gold analyst, cofounder and chairman of franco nevada mining corp. The two uniquely gifted money managers were on to something big. Lassonde states that the oldest known gold objects are some 7,000 years old dating back to 5000 bc. Gold prices are heading higher, much higher and he is very sure that.
Pierre lassonde, philanthropist and talented businessman, is recognized as one of canadas foremost experts in the area of mining and precious metals. Metals economics group strategies for gold reserves replacement 2012. University of toronto by gold magnate pierre lassonde and a cohort of. Lassonde likes the gold price with central banks rigging. Pierre lassonde was elected president of newmont mining corporation, effective february 2002. Pierre lassonde is here with me for the half hour today. Lassonde predicts chinas gold exchange will become like a casino pierre lassonde continues. The father of the gold royalty model, and an art collector, and a philanthropist and a fan of very fast cars. Few people have achieved more success in the mining business than pierre lassonde.
Pierre lassonde, chairman of franconevada, talks to bnn about challenges in the gold mining industry with deal flow and financing, the signs that are making him bullish on gold right now, and how conditions for gold are different now versus five years ago. Our founding donor pierre lassonde receives an honorary doctorate from york university. I think gold is in a good place, pierre lassonde, cofounder of franconevada, said last week at the denver gold forum. Boring gold giants struggle to compete with hot battery metals. Work on the first edition was initiated by victor gold, thus spawning its informal name. The chinese have a propensity toward gambling and i think the shanghai gold exchange is going to become essentially a gambling casino. Pierre lassonde increases ownership in foran mining inn. We dont know how to replace the great big gold deposits. Pierre lassonde was elected president of newmont mining corporation. The early egyptians used gold for decoration, usually for the pharaohs. Pierre lassonde, if youre unaware, was the founder of franconevada fnv, which was a mostly failed mining explorer in the early 1980s but made a pivotal acquisition of a royalty on a mine in nevada in 1986, with lassonde pretty immediately recognizing the appeal of that approach and beginning a campaign to buy more royalties and get out of the actual mining business over the ensuing several years. Pierre lassonde is a director of the world gold council and was its chairman from 2005 to 2009. Much of that gold ended up as collateral in backtoback loans, commodity loans. Lassonde now owns or exercises control and direction over.
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