- Higher gold prices are drawing investors back into the resource sector. According to one mining executive, generalist investors should pay attention to the management team behind each project.
Following a good management team could help investors avoid projects that suffer from"cognitive biases,” according to Desharnais’ presentation at the 2023 CIM convention and expo in Montreal. In his conversation with Kitco News, Desharnais said that two-thirds of mining projects struggle or fail because of biases that overestimate the deposit's resources or underestimate operational costs or the capital required.
Desharnais said that management teams with successful track records are more likely to find better projects and can avoid errors related to cognitive biases.
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