Greed and obsession collide in Gold (2016), a gritty morality tale set in 1980s Nevada, Wall Street, and Indonesia. Matthew McConaughey plays Kenny Wells, a prospector desperate for a lucky break. He teams up with geologist Michael Acosta (Edgar Ramírez), and together they descend into the uncharted jungles of Indonesia hoping to find one big score. This poorly-advertised film almost escaped my notice, until I saw it playing at my local theater. I’m glad I took a chance on it. Gold is a solid film and surprisingly entertaining. Matthew McConaughey disappears into the role, achieving absolute rock bottom in body and spirit.
Gold is loosely based on a true story. In 1995, a small Canadian mining company called Bre-X, owned by David Walsh, claimed to find a massive gold deposit deep in the Indonesian jungle on the Island of Borneo, near the Busang River. Filipino geologist Michael de Guzman and John Felderhof convinced Walsh to invest $80,000 to purchase and develop the gold mine.
In 1997, Bre-X collapsed and its shares became worthless in one of the biggest stock scandals in Canadian history. On March 19, 1997, de Guzman committed suicide by jumping from a helicopter in Busang, Indonesia. An independent investigation of core samples from the mine determined de Guzman had been “salting” the samples with gold flakes, some from his own wedding ring. Walsh died of a brain aneurysm in the Bahamas in 1998, and in 2007, Felderhof was acquitted of securities charges. The scandal cost investors an estimated $3 billion.
Gold follows Nevada prospector Kenny Wells, who inherited his father’s company, Washoe Mining, in the early 1980s. Stress-induced alcoholism caused by the economic downturn leads him to sell the last of his jewelry and fly to Indonesia to meet geologist Michael Acosta. There he endures hardship and survives malaria. When he emerges from the illness, Acosta tells him he made what might be the largest gold discovery in history.