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"A Gold Mine Is a Hole in the Ground with a Liar at the Top"

– Mark Twain

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If a gold mine is a hole in the ground with a liar on top, we help you to find that liar, we help you to find the Truth Below Ground. Join a community led by a world-renowned technical team, and read expert and multidisciplinary analysis of mining companies, exclusive insights, and high-impact risks and opportunities in the mining sector.

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Latest posts

Hot Chili Limited

by Truth Below Ground | Aug 7, 2026

Hot Chili Limited (ASX: HCH) is a mining development company focused on the Costa Fuego copper and gold project in the Atacama Region of Chile, an asset that combines three...

Gold falls, central banks keep buying – Macro and Metals newsletter #6

by Truth Below Ground | Jul 16, 2026

The mining sector falls sharply this past month. We analyse the new dynamics in precious metals and the Middle East conflict.

Chile as a Mining Jurisdiction – Country Report

by Truth Below Ground | Jun 11, 2026

The attractiveness of Chile as a mining jurisdiction and long-term investment destination in minerals critical to the energy transition Chile is entering a new political and...

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Juan Cantus, Analyst at Cobas Asset Management

I particularly appreciated the technical analysis of the Geology, Mining, Metallurgy and Regulation/Permitting sections of the Sigma report. This is exactly what we look for at Cobas as a generalist value manager: a thorough review and in-depth analysis of the technical assumptions underlying mining projects. I believe you can add significant value for investors seeking exposure to the mining sector.

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I found the Sigma report to be very, very good. There is no doubt that the team behind Truth Below Ground is top-tier. The mining sector will benefit from their independent and rigorous analysis.

Timothy Chilleri, Commodities Analyst

I have become a regular reader of Truth Below Ground since their launch. Their reports are a tremendous addition to my own research. Detailed and thorough reports getting to the core of what I care about, which is what’s the comprehensive risk/reward in this situation? I recommend it for investors who value third party independent research.

Aurora Davidson, CEO at Amerigo Resources

Truth Below Ground has done an excellent job capturing key points to understand about the copper market today. Their analysis is clear and grounded in real data. This report cuts through noise and provides practical insight for anyone trying to understand where the sector is headed.

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Truth Below Ground provides rigorous, well-structured analysis on key industry topics, cutting through the usual noise and offering valuable context for investors and professionals.

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