By James Hyland
Tia Borden with MiningIR spoke with with Frank Giustra, CEO of the Fiore Group, during the very successful Resourcing Tomorrow London 2023. Renowned for his dual expertise in mining investment and philanthropy, Giustra shared his unique perspectives on the current trends and future prospects of the mining industry.
As a mining investor, Giustra has made a substantial impact in the natural resources sector, gaining recognition for his strategic investments and business acumen in the mining industry. His career in this field is marked by successful ventures and influential positions in various mining companies.
“I came back to the mining game in the early 2000’s, as a principal investor and I had a concept and a theory on gold which I wrote about and published because I believed that gold price was going to go higher. I wanted to create a gold mining company so we started a company in 2001 called Wheaten River which became GoldCorp Inc., and incredibly became one of the world’s largest gold mining companies in 11 years of acquisitions.”Frank Giustra, CEO the Fiore Group
In addition to his investment career, Giustra is also well-regarded for his philanthropic efforts. He has been actively involved in various charitable initiatives and foundations, focusing on a range of issues including global poverty, humanitarian aid, and education. His philanthropy demonstrates a commitment to leveraging his success in business to make a positive impact on society and address pressing global challenges.
Frank Giustra stands as a paragon of entrepreneurial success and philanthropic dedication. As the CEO of Fiore Group, a private firm with a diverse portfolio, Giustra has left an indelible mark in various sectors including natural resources, entertainment, art, food, and lifestyle. His crowning achievement in the business world is the founding of Lionsgate Entertainment, which has grown to become one of the largest independent film companies globally.
Giustra’s foray into entrepreneurship isn’t limited to the traditional business world. His unique approach to philanthropy focuses on catalyzing new ideas and fostering innovations with the potential for scalability and widespread adoption. This approach led to the co-founding of Acceso in 2007, a social business builder dedicated to crafting entrepreneurial solutions aimed at alleviating global poverty. Under his guidance, Acceso has developed significant agribusiness ventures in Colombia, El Salvador, and Haiti, demonstrating a practical, sustainable model for economic development in impoverished regions.
For over twenty years, the Giustra Foundation has been at the forefront of addressing some of the most challenging humanitarian and economic issues facing the world today. The Foundation’s efforts are primarily directed towards empowering women and children, promoting health and education, and tackling the issues of homelessness and refugee resettlement. Giustra’s deep commitment to these causes is evident in the Foundation’s active involvement in the global refugee crisis. Not only does it provide humanitarian aid, but it also plays a pivotal role as a founding partner in the Global Refugee Sponsorship Initiative, demonstrating a commitment to finding long-term, sustainable solutions to the refugee crisis.
In 2020, Giustra’s journey of impact and influence reached a new milestone when he became the co-chair of the International Crisis Group. This organization is widely acknowledged as an independent and non-partisan source of analysis and advice for policymakers dedicated to the prevention and resolution of deadly conflicts worldwide. Giustra’s association with the Crisis Group dates back to 2005, when he first joined as a trustee and supporter, reflecting his longstanding commitment to global peace and security.
Frank Giustra’s multifaceted career – spanning from a leading figure in entertainment to a visionary in philanthropy and a proactive leader in global crisis management – illustrates a life dedicated not only to entrepreneurial success but also to creating a profound and positive impact on the world. His journey offers valuable insights into how business acumen can be effectively harnessed for the greater good, making him a true exemplar in the integration of business leadership and philanthropic excellence.
Mr. Giustra sits on a variety of non-profit, private and public boards.