Neil Woodyer

BC Business Magazine - - Entrepreneur Of The Year 2018 - –J.W.


Gold min­ing “is ac­tu­ally a stupid busi­ness,” says Neil Woodyer. “It's very cap­i­tal­in­ten­sive, and you don't con­trol the sales prod­uct. Some­times you won­der why you do it.” Still, gold has been very good to Woodyer, 73–so much so that his re­tire­ment in Monaco lasted all of a month be­fore he ac­cepted an in­vite from leg­endary Van­cou­ver-based fi­nancier Frank Gius­tra. The pitch: to do in South Amer­ica what the pair had done in Africa, where they as­sem­bled mines to cre­ate $2.3-bil­lion, mid-tier gold pro­ducer En­deav­our Min­ing Corp.

In 2016, the Eng­land-born Woodyer and Gius­tra founded Leagold Min­ing, which snapped up four op­er­at­ing mines in Mex­ico and Brazil. The com­pany is on track to pro­duce 425,000 ounces of gold this year, with rev­enue of US$400 mil­lion. Woodyer says that num­ber will climb to a yearly rate of US$600 mil­lion by 2020, as two more mines go into pro­duc­tion.

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