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Pierre Lassonde Reflects on his Life, Career, and Paving the Path for Mining's Royalty Business Model

Mining Stock Daily

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Is There Anything Like This in the Mining Business?

Sally Kohn: In 1985, you found an advertisement in the Reno Gazette newspaper for mine royalty. You jumped on that with a $2 million investment at the time; it has produced over a billion dollars since then. That had to have been difficult writing that check? Did you have concerns after you handed it over? And when was the, oh, yeah, that was the best decision I may have ever done professionally? When did that idea happen? Well, it's all the story is quite true. But let me just kind of, you know, re-position it a little bit. The idea of royalty started in my partner's office.

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