Looming Financial Meltdown: Why Giustra & Woodyer Are Betting Big on Gold
Mining legends Frank Giustra and Neil Woodyer told Kitco their recipe for building a successful mining company.
Giustra spoke to Kitco mid-September at the Gold Forum Americas 2023 held in Colorado Springs, Colorado. Giustra was joined by Neil Woodyer, CEO of Aris Mining.
Giustra is a major player in the mining industry. Woodyer was a founder and CEO of both Leagold Mining and Endeavour Mining, one of the largest gold producers in West Africa.
Woodyer is now leading the two-year-old Colombia-focused Aris. The company has charted a path to 400,000 equivalent gold ounces per year in production.
Woodyer distilled his strategy for building a successful mining company.
"It's a buy and build strategy," said Woodyer. "I think from the buy side, what we always look for is an asset that has a fair valuation but has some good upside potential."
Giustra added patience.
"Find a great asset, back a great management team, invest early and then you just wait," said Giustra. "On average [these] take between three and seven years to mature and become something of great value, depending upon the market. That's been our experience."
Giustra was asked why he is still building miners.
"The thrill of achieving success, which we've done several times, is just too much to walk away from," said Giustra. "This is fun. I love doing this. I love starting from nothing and creating something of great value."
Watch the full video on Kitco Mining’s YouTube channel - https://youtu.be/WbZwIz9KraU?feature=shared
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Видео Looming Financial Meltdown: Why Giustra & Woodyer Are Betting Big on Gold канала Kitco NEWS
Giustra spoke to Kitco mid-September at the Gold Forum Americas 2023 held in Colorado Springs, Colorado. Giustra was joined by Neil Woodyer, CEO of Aris Mining.
Giustra is a major player in the mining industry. Woodyer was a founder and CEO of both Leagold Mining and Endeavour Mining, one of the largest gold producers in West Africa.
Woodyer is now leading the two-year-old Colombia-focused Aris. The company has charted a path to 400,000 equivalent gold ounces per year in production.
Woodyer distilled his strategy for building a successful mining company.
"It's a buy and build strategy," said Woodyer. "I think from the buy side, what we always look for is an asset that has a fair valuation but has some good upside potential."
Giustra added patience.
"Find a great asset, back a great management team, invest early and then you just wait," said Giustra. "On average [these] take between three and seven years to mature and become something of great value, depending upon the market. That's been our experience."
Giustra was asked why he is still building miners.
"The thrill of achieving success, which we've done several times, is just too much to walk away from," said Giustra. "This is fun. I love doing this. I love starting from nothing and creating something of great value."
Watch the full video on Kitco Mining’s YouTube channel - https://youtu.be/WbZwIz9KraU?feature=shared
__________________________________________________________________
Kitco News is the gold standard in precious metals, commodities, cryptocurrencies, mining, and financial news.
SUBSCRIBE to our channel to stay up to date on the latest market and industry news.
For breaking news, views, charts, and data on precious metals, cryptocurrencies, and financial markets - visit us at https://www.kitco.com
To get market updates on the go, download the Kitco Gold Live! APP - https://applications.kitco.com
Stay connected:
Twitter - https://twitter.com/kitconewsnow
Instagram - https://www.instagram.com/kitconews
Facebook - https://www.facebook.com/KitcoNews
LinkedIn - https://www.linkedin.com/company/kitconews
StockTwits - https://stocktwits.com/kitconews
Live gold price and chart: https://www.kitco.com/gold-price-today-usa/
Live silver price and chart: https://www.kitco.com/Silver-price-today-USA/
Live crypto market data: https://www.kitco.com/price/crypto/
Learn more about Kitco News: https://www.kitco.com/news/about/
For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: www.kitco.com/advertising
Disclaimer: The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News.
Видео Looming Financial Meltdown: Why Giustra & Woodyer Are Betting Big on Gold канала Kitco NEWS
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