Caribbean Journey
Is There Really Gold In Jamaica? Barrick, Freeport & C3 Metals Say Yes
Is there really gold buried beneath Jamaica? Yes and three of the biggest mining companies on Earth are betting hundreds of millions of dollars to find out exactly how much.
Barrick Gold, the world's second largest gold producer, has staked a claim to 4,000 square kilometers of Jamaican land nearly a third of the island. Freeport McMoRan has committed up to $75 million to a single property. And in September 2025, drill bits hit gold less than 2 kilometers from a mine that already failed once and nearly broke the community around it.
In this 41-minute deep dive documentary, Caribbean Journey traces the full story of Jamaica's modern gold and copper discovery: from the collapse of the AusJam mine in Pennants, Clarendon in 2001-2004, to the private company that quietly mapped the entire island, to the multinational mining giants now racing to confirm what's underground and what it actually means for Jamaican families in Kingston, London, Toronto, and New York.
WHAT YOU'LL LEARN IN THIS VIDEO:
• Why Barrick Gold compared Jamaica's geology to its $800,000 ounce a year mine in the Dominican Republic
• The real story behind the 2001 Pennants mine collapse and the community still living with the consequences
• Who Bobby Stewart is, and how Geophysx Jamaica mapped an entire country in 6 years
• The exact drill results from Bellas Gate and Super Block (with real assay numbers)
• Why a viral "gold rush" in Chester Castle, Hanover turned out to be worthless pyrite
• What Jamaica's 70-year bauxite history reveals about who actually profits from mining deals
• The new 2026 discovery that could put Jamaica on the global rare earth minerals map
• What happens next and why it matters for diaspora families weighing land, jobs, and investment back home
CHAPTERS:
0:00 – The $4 Billion Question
1:20 – Why This Story Matters To The Diaspora
2:45 – The Pennants Mine: Jamaica's Gold Warning (2001–2011)
7:15 – Bobby Stewart & The Company That Mapped An Island
12:10 – Barrick Gold's $4,000 km² Bet
16:05 – Freeport-McMoRan & C3 Metals Move In
19:40 – The Drill Results: Real Assays, Real Numbers
23:15 – 2026 Update: Rare Earths & The Second Freeport Deal
26:30 – Porphyry vs Epithermal: What They're Actually Looking For
29:10 – The Chester Castle Pyrite Panic
32:20 – Real Exploration vs Wishful Thinking
34:45 – The Bauxite Warning: Who Actually Gets Paid
37:10 – What Happens Next For Jamaica
39:20 – Jamaica, Guyana & The Same Question Every Small Nation Faces
SOURCES & FURTHER READING:
This video is built entirely on verified public reporting, company filings, and regulatory disclosures. Key sources include:
– Barrick Mining Corporation, official press release, May 2024
– Jamaica Observer, "Geophysx Jamaica strikes deal with mining giant Barrick Gold Corp," May 2024
– C3 Metals Inc., NI 43-101 disclosures and Newsfile Corp press releases (2023–2026)
– InvestorNews, Bobby Stewart interviews on Geophysx Jamaica
– Proactive Investors & TipRanks, C3 Metals 3DIP survey coverage, August 2026
– Jamaica Mines and Geology Division, Chester Castle pyrite determination, January 2023
– Jamaica's National Environment and Planning Agency (NEPA), Pennants restricted area declaration, 2011
DISCLAIMER:
This video is for journalistic and educational purposes only. It is not financial, investment, or legal advice. Mining exploration results discussed in this video are early stage and have not been independently certified under NI 43-101 standards unless explicitly stated. Caribbean Journey holds no political affiliation and does not take a position for or against any company, government, or policy discussed. Viewers should conduct their own research before making any financial or property decisions related to the topics covered.
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Published Aug 21, 2026