Ross Beaty has been building mining companies for 50 years. From Pan American Silver to Equinox Gold, his name is synonymous with the Canadian resource sector. In this episode of In the Money with Amber Kanwar the legendary mining entrepreneur explains why gold’s surge past $3,300 may have plenty of room left. He breaks down how central banks, geopolitical chaos, and a growing distrust of the U.S. dollar are driving demand—and why tight supply could keep prices elevated.

Amber and Ross discuss the underperformance of gold stocks vs bullion as well as the internal missteps and operational challenges that stalled Equinox Gold’s momentum. Beaty owns those missteps and lays out how the company is positioning for a rebound. 

Beaty weighs in on Trump-era tariffs, M&A in the mining sector, and misguided critical mineral policy in Canada. Plus, he shares how Chinese mining firms are scooping up assets while Western investors remain gun-shy. Beaty also explains why he believes Bitcoin isn’t a real threat to gold’s dominance.

To end the interview, Ross shares the best and worst deals of his career, the Canadian mining leaders he admires, and why gold, silver, and copper still top his list. A must-watch for anyone investing in commodities, macro trends, or Canadian markets.

Timestamps
00:00 Show intro
01:05 Did Ross anticipate this big gold rally?
04:15 What is Ross’s guiding light when it comes to gold and what does the future hold?
11:15 Break
11:50 What usually drives a downside for gold?
14:00 Ross’s view on crypto and what it means for gold
16:20 The relationship between gold and gold stocks
18:50 Discussing gold companies and what’s coming for them
22:20 Break
22:45 M&A in the gold sector
26:10 What happened with Equinox Gold and what’s the path forward?
31:55 Why Ross believes he needs to talk candidly about the problems with Equinox
33:35 Has there been M&A interest in Equinox?
37:40 Who does Ross admire and why he thinks Canada is a great place for mining (and hopes it stays that way)
40:40 Ross’s rant on the obsession with critical minerals
44:20 Ross on renewable energy: Trump is the king of chaos
50:00 Rapid fire questions 

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DISCLAIMERS 

The information provided in this podcast is for informational purposes only and does not constitute financial, investment, or professional advice.The views expressed by the host and guests are their own and do not necessarily reflect the opinions of any organization or company. The host and guests may maintain positions in any securities discussed on the podcast. Always consult with a qualified financial advisor or professional before making any investment decisions.

In the Money delivers expert stock picks, actionable ideas, and timely money management tips. Hosted by business journalist Amber Kanwar, each episode features interviews with top portfolio managers who suggest ways to achieve good returns. Covering everything from ETFs and Canadian stocks to global investing trends, dividend strategies, and risk management, this show is made for DIY investors, stock market enthusiasts, and anyone looking to sharpen their financial strategy.

Contact: [email protected]

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