You’re probably wishing you had more gold right now because gold prices are going crazy. Should you buy gold now? Who's got the gold?
With gold prices hitting historic highs, all eyes are on the companies driving this surge.
Jared Lazerson is the CEO of North Bay Resources. He has 25 years in the resource game and a passion for mining. From his early days playing with core samples in Vancouver to overseeing gold mines today, Jared’s journey is nothing short of fascinating.
North Bay Resources is a gold mining powerhouse with two active mines: one in Canada and another in California’s historic Sierra County, home to the original 1849 Gold Rush.
Jared shared exciting news about North Bay’s latest developments—production is ramping up, with gold yields that are nothing short of impressive. With a production cost of about $500 per ton, they’re poised to see strong returns given gold’s $3,000 per ounce milestone.
Obviously sparked by the recent gold frenzy Jared the gold miner has had to step up whatever he’s been doing to keep up!
So what’s he been doing?
Jared said,
“About a year and a half ago. I started to get re-energized on gold. I've controlled gold projects for, well, way back to the beginning of my career, more than 20 years ago. This one up in Canada that we've taken control over, that one was, for example, something I've been involved with for 20 years, probably $20 million spent on it, 100-plus holes developed, so an advanced project."
"But in terms of what's going on globally, domestically with price of gold, as you mentioned, it's a dangerous world. So gold has always been safe haven asset, but the interesting part is that now it is because of the returns, kind of a growth asset. So I think everybody kind of knows about that. The main factors, geopolitical, a lot of folks internationally and also domestically, you know, getting off the US dollars. So, internationally, for obvious reasons, people, you know, maybe not so friendly countries want to get out of US dollar or just generally diversify. But also domestically, there's a lot of people in the US that feel there's just too many dollars out there. “
And It’s not just gold that North Bay has its eye on—Jared also mentioned the presence of platinum at their California site.
The energy in the industry is electric, and with retail buyers snapping up precious metals from unexpected places like Costco, the demand is clear.
Jared’s mining journey includes a groundbreaking venture in lithium extraction, an industry innovation that helped revolutionize battery production.
Now, he’s taking his expertise and passion into the world of gold, and it’s paying off in a big way.
With North Bay Resources' projects underway and the price of gold soaring, Jared Lazerson’s leadership could very well define this new era of the gold rush.
Enjoy these golden nuggets of gold education in this podcast of my live conversation with Jared Lazerson on The Debbie Nigro Show.
