I’ve been close to entrepreneur @frankgiustra for almost 5 years, ever since we did the Youtube interview on gold that went viral. Frank’s been a valued mentor to me, and the biggest lesson I’ve learned from him is to ‘go for it - somebody’s got to’.
One of the great joys Frank and I share is swapping stories. He’s taught me that stories connect people, educate, recruit talent and of course, sell.
As a storyteller in the early 2000s, Frank correctly convinced the market that the shine was coming off the US dollar, and alongside Ian Telfer, built Wheaton River Minerals through acquisitions into what is now Goldcorp, Canada’s second largest gold producer.
Today another one of Frank’s stories, Leagold Mining (TSXV:LMC.H), announced a deal to acquire the large and rich Los Filos gold mine in Mexico from none other than Goldcorp. Located in the complicated jurisdiction of Guerrero Mexico, Los Filos is already a significant producer with optimization potential. Retired US Army General Wes Clark bolsters Leagold’s Board and security clout.
This is the biggest and most exciting deal Frank’s done over the past five years, in my biased personal opinion. Upon successful closing (never a guarantee), Leagold will have scale, cash-flow, and upside, providing a great dealing base to build a new gold miner. Leagold CEO Neil Woodyer and his team have done it before with Endeavour Mining.
Frank is over the moon about it.
Read: Leagold Mining to acquire Los Filos from Goldcorp as its first gold mine
Watch: Goldcorp CEO on why I’m selling Mexican mine to Leagold Mining
Mining stocks are high-risk speculations. This is not investment advice. Always do your own due diligence and consult a professional and licensed investment advisor prior to making any financial decisions. I am an existing shareholder and plan to increase my position in Leagold Mining.
