Canadian Mining Journal

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Mining titan and philanthropist Peter Munk’s lifetime of achievement


It’s an extraordinary story about an extraordinary man who became one of the most legendary entrepreneurs in Canadian history.

But at its core it is also a love story. It’s a tale about Peter Munk’s life-long romance with Canada — the country that welc

Peter Munk

omed him after he and 14 members of his family fled Hungary and the Nazi’s death camps in the final year of the Second World War.

Since then the iconic entrepreneur and founder of gold mining giant Barrick Gold has donated $300 million to institutions in Canada, primarily to healthcare and education in recent years, before his death on March 28, 2018, at age 90.

Last November, Munk and his wife Melanie gave $100 million to the Toronto General Hospital’s Peter Munk Cardiac Centre — the largest gift to a single Canadian hospital in history.

“We’re not talking about charity, we’re not talking about a gift, we’re talking about repaying a debt,” Munk said at the time. “I’m here to thank you … you guys who were born here, who take it for granted, will never appreciate the immense debt I have.”

Continue reading at The Northern Miner.