Dan Wilton: Peak Gold, Volatility and Parallels to the Collapse of 2008

Having followed First Mining Finance from its inspection through its transformation into First Mining Gold this is a company we are very familiar. From our perspective had this company been under someone other than Keith Neumeyer’s direction it would not have transformed, but simply gone the way of the dinosaur.

With mergers and acquisitions in the mining industry beginning to take root we sat down with Dan Wilton, CEO and Director, First Mining Gold to get his take on the state of the gold mining industry, the gold market and the impact of the spreading coronavirus on the overall health of the economy.

We began the conversation by looking at the overlook market and how the banking cabal, Federal Federal Reserve and other central banks all but destroyed the economy back in 2008 and nothing has been repaired since. Giving this as a backdrop it makes it easier to see what is coming up next – weaker dollar, lower Fed Funds Rates – possibly going negative – and how the average citizen is ill prepared for such a shock to the system.

This plays into the hands of what is happening with the spread of coronavirus and the fear surrounding this situation. Are we being duped or is this the set up for the next global economic collapse like 2008?

Over the next 45 minutes Mr. Wilton paints a picture of optimism surrounding the projects he is tasked with developing into world class operations. The Springpole Project looks to produce somewhere close to 400,000 ounces of gold annually for the next ten plus years. In todays terms this is a big win. In this current atmosphere of M&A by the larger mining companies this should have people banging on the door within the next few months as the mine approaches operations.

For more info on today’s guest, please visit:
Dan Wilton – https://firstmininggold.com/

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