Gold movie true story

No, the real company, Bre-X Minerals Ltd. It was so small that Walsh initially ran it out of his basement.

The explosive new miniseries follows the real-life shocking and infamous robbery that became one of the biggest in British history. Brink's-Mat was a former corporate partnership between the U. While the series has not been heralded as one of the best BBC dramas ever made, it was met with generally positive reviews that inspired distribution interest from Paramount. While The Gold is inspired by true events and dramatized for entertainment purposes, the real story of the Brink's-Mat robbery is stranger than fiction. McAvoy was widely known to be one of the most skilled and dangerous armed robbers in the United Kingdom despite being the youngest member of the heist group at age

Gold movie true story

Real life can be stranger than fiction, which is why stories from the news often form the basis of scripts for the big screen. What follows is a series of timelines, photos and newspaper articles that tell the story that inspired the movie Gold , starring Matthew McConaughey. This is the real-life story and scandal of Bre-X. The compilation starts with a story published on the year anniversary of the Bre-X collapse, in which two Postmedia journalists — Suzanne Wilton and Ted Rhodes — went back to the Indonesian jungles where the gold fraud started. Yopinus, a former Bre-X employee, used his machete to hack into the site of the former office, now reclaimed by the Borneo jungle. But a decade after the junior Calgary exploration company imploded, the locals still search for gold. They crush rock with primitive machines, seeking any fragment of precious bullion that the jungle might give up. Instead, Maliangga and a half-dozen other Indonesians are more interested in the recipe to make a fortune. It is the centre of an unprecedented scam, the ideal location to manufacture a motherlode and sell it to voracious investors on the other side of the world. Now, a decade after the gold dust turned to ashes, locals still believe buried treasure lies beneath the jungle — and they are eager to prove it. Speculators like Lomban are running makeshift mining operations smack in the middle of this patch of rainforest. And other business people in this region are inviting Canadian investors back.

This shameful chapter in the history of mining exploited the stock exchange as well as indigenous workers, and left a dark shadow on the glittering face of gold. Title Performed by Length 1. Oliver and Co.

The Bre-X story is largely one of three men: charismatic promoter David Walsh, swashbuckling prospector John Felderhof and Michael de Guzman, a trusted geologist with a secret life. Montreal-born Walsh went from high school to an investment desk at a small trust company. By , he was making a six-figure salary as head of institutional equity sales for an Ontario brokerage, which transferred him to Calgary. Eventually, he decided to strike out on his own, forming Bresea Resources. In , Bre-X hit the capital markets and began trading on the Alberta Stock Exchange at 30 cents per share. The junior exploration company scoured for gold in Quebec and took part in a diamond rush in the Northwest Territories, but the effort amounted to little. Felderhof was a boy when his family moved to Canada from the Netherlands in the early s.

Is there a more appropriate movie for than Gold? The Matthew McConaughey movie about a gold-obsessed businessman with questionable ethics who becomes embroiled in scandal hits theaters exactly one week after a gold-obsessed businessman with questionable ethics who is embroiled in scandal was sworn in as the 45th president of the United States. While it's true that Wells is a fictitious entity, the character was actually based upon a very real person by the name of David Walsh, and the movie is inspired by the Bre-X scandal that defined his legacy. Walsh was a penny stock promoter who founded Bre-X Minerals, a tiny Canadian mining company, in The company was not successful for its first four years in business, but its fortunes changed when Walsh and a geologist named Michael de Guzman Michael Acosta in the film, played by Edgar Ramirez decided to purchase land in Indonesia that they believed could hold a potential goldmine in They then reported that they had discovered a tremendous amount of gold in the area, and the company's worth rose to several billions by But its success was short-lived. Things went south after an independent third-party started their own investigation of the amount of gold in the Indonesian mine. After they began sniffing around, de Guzman killed himself by leaping from a helicopter, which caused a much higher level of scrutiny around the company. Soon after, it was revealed that Bre-X's Indonesian mine, which supposedly contained billions of dollars worth of gold, was practically gold-free, and basically worthless.

Gold movie true story

Back in , Filipino prospector Michael de Guzman convinced geologist John Felderhof and Canadian businessman David Walsh he had struck gold in the jungles of Borneo. De Guzman duped the labs that tested the samples, which verified roughly 3 oz of gold per ton of rock. In the following years, de Guzman would continue to salt samples with gold he bought from locals. He even fooled an independent auditor. Freeport-McMoRan eventually negotiated a deal to run the mine, with Bre-X maintaining a 45 percent share. Freeport-McMoRan soon began drilling the site and finding no gold whatsoever. On a helicopter flight out to the site, de Guzman disappeared from the back of the chopper. Authorities discovered his body in the jungle below days later, reportedly badly eaten by wildlife. Without any legitimate gold on its property, Bre-X stock soon went to zero.

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What he still possessed, however, was his reputation, his intuition and zero fear of the jungle. Odd practice: It is virtually unheard of in the mining industry to open core sample bags, due to the possible risk of contamination, but witnesses say senior geologist Cesar Puspos defended the practice as necessary in order to maintain the quality of the rock and prevent bag breakage. His character reeks of dishonesty, and although the film tries to make him out to be an underdog, the writing and acting makes this difficult to believe. In the end, de Guzman is killed to keep him quiet. Advertisement 1. The narrative framing is effective, if a bit typical for this genre of film, but the script and writing itself still falls short of everything the film does well. September 5, Toby Kebbell's character is fictional. December 30, United States. This advertisement has not loaded yet, but your article continues below. Abandon Syriana Gold Dolittle The deal was never completed and amid government threats it would seize all of Busang, Bre-X struck a surprise deal with Freeport. In a interview with journalist John McBeth, Genie said six weeks after her husband reportedly jumped to his death, he called her home and spoke to a maid. After the largest gold fraud of the century was exposed on March 26, , Bre-X went bankrupt and its shares became worthless. Another forensic scientist, known as the Sherlock Holmes of the Philippines, reviewed the case for the family and believes de Guzman was tortured and murdered, likely for information about the gold site.

No, the real company, Bre-X Minerals Ltd. It was so small that Walsh initially ran it out of his basement.

In , Pelsart Resources fired de Guzman for using company funds to buy food and furniture for a woman, according to the report by Forensic Investigative Associates FIA. It has been hard for all of them, says Jojo. Nelson as Kenny Wells, Kenny's father. A scene from Gold. Soon, Walsh did as well. Gold 2, The stone he pulled from the expanded area was green. It's a fascinating detail that's left out of the film. A company spokesman said de Guzman committed suicide after being diagnosed with hepatitis B. Jerome Alto, site manager, John Felderhof, senior vice-president, Michael de Guzman, exploration manager Cesar Puspos, senior geologist. A welcome email is on its way. After celebrating, Kenny goes back to America where he sets up a new office for Washoe and is approached by a major Wall Street bank.