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Calgary Herald
09-07-2025
- Business
- Calgary Herald
Canadian mining magnate seeks U.S. projects as Trump deregulates
Canadian mining magnate Frank Giustra is scouring for projects in the United States as President Donald Trump cuts red tape and the outlook for metals like copper and gold remains bright. Article content Giustra — a key figure in the creation and development of Endeavour Mining Corp., Goldcorp and Leagold Mining Corp. over the past quarter century — has built up another stable of projects from Colombia to Botswana. Now, his office staffed by 75 to 80 people is exploring opportunities in U.S. copper-gold deposits, among others. Article content Article content Article content In the U.S., it takes an average of 29 years from the discovery of a copper deposit to the start of production — the longest development time in the world after Zambia. The current administration has invoked emergency powers to boost the ability of the U.S. to produce critical minerals, vowing to speed up permitting and prioritize production on federal land. Article content Giustra's search for his next mining investments isn't limited to the U.S., with only a handful of countries ruled out. Asked about his preference of metals, he said: 'I love gold. I love copper. I love silver. I love uranium. I'm not that crazy about lithium right now, there's just too much of it.' Article content Article content While bargains are getting harder to find as more money flows into mining, Giustra's approach is different to most in that he identifies distressed assets that can be turned around. Article content Gold, he says, is his favourite topic. Giustra sees the precious metal — up about 40 per cent in the past year — at just the beginning of a bull run amid a nascent de-dollarization trend as U.S. debt piles up. Article content 'I just can't see how they can turn the ship around,' he said, referring to America's mounting debt. 'There has to be, at some point, a global monetary system reset, and I believe that is already in the works.' Article content Besides mining, Giustra founded film studio Lionsgate and is heavily engaged in philanthropy. He's also into technology, investing in and advising Streamex, a tokenization firm focused on commodities. The unit of BioSig Technologies Inc. just entered into agreements for US$1.1 billion in financing as it looks to become a major holder of gold.
Bloomberg
08-07-2025
- Business
- Bloomberg
Canadian Mining Magnate Seeks US Projects as Trump Deregulates
Canadian mining magnate Frank Giustra is scouring for projects in the US as President Donald Trump cuts red tape and the outlook for metals like copper and gold remains bright. Giustra — a key figure in the creation and development of Endeavour Mining Corp., Goldcorp and Leagold Mining Corp. over the past quarter century — has built up another stable of projects from Colombia to Botswana. Now, his office staffed by 75 to 80 people is exploring opportunities in US copper-gold deposits, among others.
Yahoo
24-06-2025
- Business
- Yahoo
'I've never seen such societal acceptance of mining' – Wheaton Precious Metals' Randy Smallwood
Early in his geological engineering studies, Randy Smallwood was a recipient of a Canadian Institute of Mining, Metallurgy and Petroleum (CIM) scholarship. Now, several decades later, in a full circle moment, he has been elected CIM's president for 2027–28. Smallwood is known for being instrumental in building Wheaton River/Goldcorp (now part of Newmont), which became one of the world's largest gold producers, as well as Wheaton's successful streaming business model. Here, he discusses how the industry faces an unprecedented opportunity, and why, at this pivotal moment, he encourages his peers to become the change agents the industry badly needs. Randy Smallwood (RS): CIM has always been a leader in technology and innovation. Its universally recognised regulatory framework – 43 101 – allowed Canada to be one of the leaders in responsible resource development and finance, giving investors confidence. That really comes back to CIM and its approach towards technical excellence, finding ways to instill confidence in the technical decisions and resource developments that allow investors and broader society to have confidence in how resources are developed. It is an organisation I have long had great respect for, and I am very excited and honoured to even be considered for this opportunity. RS: In the resources sector, we have got an incredible opportunity right now. I have been in the industry for close to 40 years, and I have never seen such an acceptance from broader society that we do actually need some mines – to electrify the world, to minimise the burning of fossil fuels, to try to improve efficiency in how we capture and use energy. The issue, I think, is that we need to step up to this opportunity and show the world we can deliver the resources needed with less of a footprint on our planet. The world needs responsibly mined resources. I think Canada, which is incredibly wealthy with resources, can lead that opportunity and bring that forward. We should support the best locations to operate, where there are the strictest environmental and social licence requirements, and where we can deliver the best benefits and the best value back to the stakeholders around the assets. RS: One of the most promising things that has come out of Mark Carney since he has become prime minister is his push towards simplifying the permitting process. A challenge in Canada is that we have ten provinces and each has a different approach towards resource development. There are quite dramatic contrasts. Mark has been pushing for a more consistent approach across the country. Anything that works towards streamlining the permitting and project reviewing process would be a benefit. Canada has suffered from much too much bureaucracy for a very long time. RS: I think these recent tariffs have helped wake Canada up to the fact that perhaps we shouldn't be so reliant on our neighbour to the south; perhaps we need to make sure we have access to full global markets so we are getting the best return for our stakeholders on the resources that we choose to develop and move forward. Maintaining that flexibility to the broader global market gives us much more strength around how we decide to move forward; being reliant on trade with any one country isn't recommended. We are surrounded by water outside of the US, so there shouldn't really be any issues with getting our products to the broader world. RS: It is about recognising that we are part of a broader industry and we have a responsibility, as members of the same industry, to make sure that just because it is not your company, if you see something wrong try and fix it. We are all part of one big society; standing back and letting something happen that shouldn't happen is not the right answer. So be the change agent: step forward. If you see opportunities to help your peers be better and opportunities to unlock additional efficiencies, share that. Start thinking about it more from a global sense rather than an individual or a corporate sense. We all wear the same jersey, so to speak. We are part of an industry that will be judged by society, so don't back away and say, well, that is not my problem. It is ultimately all of our problems. RS: So much so. It is not only frustrating, it is embarrassing. I have had this happen where I have been part of a panel, and one of the CEOs of a company is right beside me, and then that company has a huge failure that we think could have been managed. It is frustrating and embarrassing because the technology, science and engineering is there, we should be able to do this with minimal impact. At Wheaton we don't actually operate mines, but we selectively finance around 40-odd mines globally, which we visit at least once a year. One of the mandates we have is to look for and share best practices, so we can help our other partners move down that path. RS: Mining is an industry that has many members that tend to work in silos, on their own projects. There is not much cross pollination or cross communication. I really encourage CEOs to support technical teams. In the end, it is the engineers and the metallurgists and the social scientists that are going to help create an environment that is conducive towards exploring opportunity and having success. Share the successes. Share the challenges with your peers. Let's talk about how this happened, why this happened and what we can do to make sure it doesn't happen again. I always say the biggest challenge in life is to take your challenges and failures and to turn them into lessons and just be better the next time. We need to make sure we have platforms where we encourage that, are open to it, but also contributing and feeding into it. "'I've never seen such societal acceptance of mining' – Wheaton Precious Metals' Randy Smallwood" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
