A Gold Standard In Mining Operations

Ten years ago, Canadian entrepreneur Peter Munk was looking for a fresh start. With oil prices plunging, the former hotel owner's plan to build a Toronto-based oil-and-gas company was heading for the rocks. Before long, he hit on gold. True, the precious metal had nosedived to around half the $850 an ounce it traded at in 1980. But Munk decided "this was my chance" to get in at the bottom.

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