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May 19, 2024 · Michael de Guzman was a chief geologist at Bre-X Minerals, a Canadian company that claimed to have found a huge gold deposit in Indonesia. He died in mysterious circumstances in 1997, after the company's fraud was exposed and its share price plummeted.
- Was The Mining Company Really Based Out of Reno, Nevada?
- Did The True Story Happen in The Late 1980s?
- Was David Walsh's Company Nearly Broke Before He "Found" Gold in Indonesia?
- Is Bryce Dallas Howard's Character Kay Based on A Real person?
- How Did The Real Kenny Wells and Michael Acosta Meet?
- What Motivated Michael de Guzman to Commit Fraud?
- Is FBI Agent Paul Jennings Based on A Real person?
- Was Michael de Guzman (Michael Acosta in The Movie) Married in Real Life?
- How Much Were Bre-X Stock Shares Worth at Their Peak?
- Is The Mining Tycoon Played by Bruce Greenwood Based on A Real person?
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No, the real company, Bre-X Minerals Ltd., founded by David Walsh (renamed Kenny Wells in the movie), was a small Calgary-based mining company. It was so small that Walsh initially ran it out of his basement. For legal reasons and to make the story more appealing, the movie relocates the company to Reno, Nevada and calls it Washoe Mining Inc. after...
No. While fact-checking the Goldmovie, we discovered that the filmmakers transplanted the story to the late 1980s. The Bre-X Minerals scandal actually happened in the mid-1990s.
Yes. "Basically, Bre-X was a shell of a company with almost nonexistent working capital," said David Walsh (the real Kenny Wells) in a March 1997 interview. The Gold true story reveals that prior to his success with Bre-X, Walsh had declared personal bankruptcy in June 1992, $200,000 in debt. "I decided to go into Indonesia, and that's where we sta...
Not exactly. David Walsh (the real-life Kenny Wells) did not have a girlfriend named Kay like Matthew McConaughey's character does in the movie. Instead, David Walsh had a wife, Jeannette, who had helped him start Bre-X out of the basement of their Calgary home in 1987. She eventually held the title of corporate secretary, but after being named in ...
As indicated by the photos at the top of this page, Kenny Wells (Matthew McConaughey) is based on Canadian businessman David Walsh (Matthew McConaughey's character was originally named Kenny Walsh in early iterations of the script). -Financial Post While Edgar Ramírez's character, Michael Acosta, seems to be primarily based on Filipino geologist Mi...
In an industry dominated by big American mining companies, Michael de Guzman struggled for recognition in his field. Despite being very intelligent and having an engineering degree, De Guzman never got a shot at a high-paying job. In researching the Gold movie true story, we learned that it was very hard for Filipinos, even with the right credentia...
No. Since the mining company at the heart of the scandal was actually based out of Canada and not the U.S. like in the movie, Canadian authorities investigated the real case. Toby Kebbell's character is fictional.
Yes. The movie implies Edgar Ramírez's character is not married, when in fact, the real Michael de Guzman had at least four wives all around Asia. His frequent traveling allowed him to keep them a secret from one another. In order to put more focus on the story's main plot points, screenwriters John Zinman and Patrick Massett had to omit this inter...
In 1993, geologists John Felderhof and Michael de Guzman convinced Bre-X founder David Walsh to buy an area of land in the middle of the jungle not far from the Busang River in Borneo, Indonesia. Bre-X had been a penny stock, but as the estimated amount of gold at the site went from 2 million Troy ounces to a whopping 70 million ounces a few years ...
No. Fact-checking the Gold movie revealed that Bruce Greenwood's character, mining bigwig Mark Hancock, was intended to be a composite of various mining tycoons who fought for control of the deposit. These real-life bigshots included Norman B. Keevil of Teck Resources Ltd., among others. -TheGlobeandMail.com
Edgar Ramírez plays Michael de Guzman, a composite of two geologists who claimed to find a massive gold deposit in Borneo. Learn how the real Michael de Guzman salted the samples, committed fraud, and died in Indonesia.
Bre-X was a Canadian company that claimed to have discovered a huge gold deposit in Indonesia, but was exposed as a fraud in 1997. Michael de Guzman, a Filipino geologist who worked for Bre-X, died under mysterious circumstances after the scandal broke out.
Jun 7, 2006 · The article explores the mysterious fate of Mike de Guzman, the man who faked the biggest mining fraud in history and then disappeared in 1997. It reveals his background, his achievements, his lies, and the doubts about his suicide.
May 30, 2024 · The mysterious death of Michael de Guzman, the Filipino chief geologist for Calgary-based Bre-X Minerals, was the intriguing centre of the story. He was believed responsible for salting the ...
Jul 13, 2023 · Michael De Guzman convinced experienced investors, expert auditors and even Bre-X management that a dry mine was worth over $6 billion. In David Walsh's words, "four and a half years of hard work and the pot at the end of the rainbow is a bucket of slop."
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Michael de Guzman was the head geologist of Bre-X, a mining company that claimed to have discovered massive gold deposits in Indonesia, but turned out to be a $6 billion fraud. Learn how de Guzman disappeared after allegedly falling from a helicopter and what really happened to him.
