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  1. May 30, 2024 · Starring Matthew McConaughey, the movie didn’t purport to be a replica of the Bre-X true story but was loosely based on the real life tale of the Bre-X mining scandal. Calgary Herald; page A1 ...

  2. Nov 18, 2019 · It’s often been said that the story of Calgary’s Bre-X Minerals had all the makings of a Hollywood script: gold, love, betrayal and mystery. Two decades after stock-market darling was declared a colossal hoax, the mining firm’s amazing tale is finally getting the celluloid treatment — though loosely based on true events — in a new film called Gold, starring Matthew McConaughey.

  3. Jan 26, 2017 · A $2.5-million private investigation he commissioned with Bre-X funds ultimately exonerated him of involvement in the fraud. Scott Danyshyn of Brown Bag Gourmet in Toronto jokingly offered a free ...

    • 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?

    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

  4. Jul 30, 2021 · The Bre-X story was dramatized in a 2016 film called “Gold” starring Matthew McConaughey. The film followed in Bre-X's footsteps and was a flashy money-losing production.

  5. By 10:30 local time on 19 March 1997, de Guzman was dead. Handwritten suicide notes were found in the helicopter and, four days later, a body was recovered in the vast jungle. Six weeks after de ...

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  7. Aug 28, 2024 · The unlikely friendship trio of a married couple and a serial killer will return to screens in 2024 for a second season of Peacock's dark comedy Based on a True Story. By Caitlin Schunn Aug 28 ...