The frontier spirit that sent gold investors into riskier hunting grounds is a bygone era and investors are “coming back home”, to jurisdictions where the rule of law is not a novelty, says US businessman Thomas Kaplan.
Kaplan is chairperson of NYSE American- and TSX-listed Novagold, which owns the multi-million-ounce Donlin Gold project, in Alaska, in an equal joint venture (JV) with Barrick Gold.
“Our belief is that the era of ‘go-where-the-gold-is’ mentality, that took me to South America, Africa and Asia is over,” said the seasoned gold investor, who had sought out rewarding opportunities all over the world, making his first fortune in Bolivia and his second in Zimbabwe and South Africa.