When will a bull market in gold stocks start? Will a recession take down gold stocks? Will Mexico ban open pit mining? That and much more in this interview with Jose Vizquerra, an alumnus of the General Management Program at the Wharton School of Business. Jose also holds an MSc in Mineral Exploration from Queens University and a B.Sc in Civil Engineering from UPC Universidad Peruana de Ciencias Aplicadas. He is currently the CEO of O3 Mining, which is a paying advertiser on this channel.

Find out more about Jose: https://o3mining.com/team/jose-vizque...

More specifically, Antonio and Jose Vizquerra had a conversation about the mining industry, focusing on its risks and potential for growth. They highlighted a recent disaster in Turkey, emphasizing the dangers associated with mining. The discussion also touched upon the efficiency of mining in Norway and Finland, and its potential for future growth. They also discussed the impact of adhering to standards and protocols in the mining industry, with Jose expressing concerns about the impact of any mishaps on the industry's reputation.

Furthermore, Jose discussed a global campaign by extremist groups, allegedly from the extreme left, which he claimed was tainting various countries including Iran, Syria, Venezuela, Nicaragua, and Mexico. He suggested that these groups were hiding their true agenda behind environmental issues. The case of the shutdown of the Cobra Panama Mine was also brought up, suggesting it might have been a similar situation of a 'watermelon government', with a green exterior but a red interior agenda.

Later on, Antonio and Jose Vizquerra had a discussion about the current state of mining equities, particularly in Canada. Jose noted the lack of risk appetite for exploration projects and compared the situation to the 2020 situation. Antonio, on the other hand, highlighted that money is available for developers and late stage explorers, and pointed out the higher risks and dilution faced by early stage explorers. Jose suggested that, in order to manage that risk, investing in more advanced projects or those with established resources might be something worth looking into, and noted that there is still money available for specific areas like uranium, and that gold's time will come as soon as the interest rates have been cut.

Another focus in this dicussion were gold stocks, and specifically M&A in gold stocks. Jose noted the market's stability and the Canadian government's efforts to assist critical mineral operators. He also suggested the need for market consolidation, predicting a trend of reducing the number of companies from approximately 1,000 to around 30, which he believed would lead to more effective allocation of funds and execution of plans. He then touched upon the challenges faced by smaller gold companies in raising funds for drilling and the potential benefits of partnering with others.

In that part, Jose Vizquerra also discussed the behavior of major companies buying smaller public gold companies, noting that they typically only buy when prices are up and they're making money. He suggested that the current market situation could potentially be at or near the bottom, but Antonio expressed concern about the possibility of a prolonged downturn, given the potential for an upcoming recession. Jose had a different idea.

Although they discussed A Bull Market in Gold Stocks, a Recession, and a Mining Ban in Mexico, a one-hour conversation cannot be destiled into a simple headline.


As mentioned above, O3 Mining is a paying advertiser on this channel. This video should be considered an ad, and nothing more. Nothing in this video was intended to be investment advice. It's a general and impersonal conversation about an extremely risky sector, where failure is the norm. You will lose all of your money if you blindly listen to talking heads on the internet. Do your own research and consult a professional investment advisor before making a decision.

Timestamps
00:00 recap
01:00 what's going on in Turkey?
08:30 what is happening with mining in South America?
16:00 will Mexico ban open pit mining?
22:43 what are the most dangerous jurisdictions to invest in?
31:55 is this the time to be greedy or fearful of gold stocks?
35:15 will the Canadian government really help the mining sector?
41:40 what will take gold stocks out of the bear market?
46:40 will M&A in gold stocks start soon?