Frank Giustra Makes Comeback With Leagold, Talks Mining - PART 4/4

After a long hiatus from the gold sector, well-known Canadian billionaire Frank Giustra makes a comeback with his latest venture: Leagold Mining. He expects the mid-tier company to become a major gold producer in the next four years, and that’s what brought him back to the sector. ‘I saw a couple of years ago that the end was coming to the bear market in gold and I thought it’s time to do one more time what we’ve done several times…to build a gold mining company by way of acquisition,’ he told Kitco News. Leagold’s first acquisition took place this year when it bought Goldcorp’s Los Filos mine in Mexico for $350 million. In case you missed it, here's PART 1, PART 2 and PART 3. (show less)

After a long hiatus from the gold sector, well-known Canadian billionaire Frank Giustra makes a comeback with his latest venture: Leagold Mining. He expects the mid-tier company to become a major gold producer in the next four years, and that’s what brought him back to the sector. ‘I saw a couple of years ago that the end was coming to the bear market in gold and I thought it’s time to do one more time what we’ve done several times…to build a gold mining company by ... (read more)

 

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