Frank Giustra likes to see big where others think small.
The Canadian mining magnate’s latest target is a subterranean patch of red earth in southwestern Mexico. In January his new undertaking, Leagold Mining, bought the Los Filos mine from Goldcorp for $350-million. It wasn’t the openpits churning out 200 000-plus ounces of the precious metal that caught this attention – it was the untapped deposit stretching for roughly 600 m below.
