Ned Goodman Death – Ned Goodman, a Canadian businessman and a former Chancellor of Brock University in St. Catharines, Ontario has passed away. He was 85 years old. Goodman used his geological training and business savvy to build several successful mining companies, including International Corona and Kinross Gold (TSX: K; NYSE: KGC). He invested wisely in many mineral-producing companies.
Early life and education
Ned Goodman was born in Montreal in 1937. He received a B.SC. degree in geology from McGill University in 1960, and a master’s degree in Business Administration from the University of Toronto in 1962. Goodman was a philanthropist and a pioneer in Canada’s investment management industry. Since the 1980s, he and his partners have raised billions by funding exploration campaigns and developing mining and petroleum companies.
It boosted Canada’s rural and northern economies. The Dundee group of financial companies grew from $300 million to $50 billion under his leadership. Goodman earned a BSc in geology from McGill University. After Noranda laid off Goodman in 1960, he turned to business. In 1962, he earned an MBA from the University of Toronto. In 1967, he became a CFA and co-founded Beutel, Goodman & Company Ltd., which advised pension funds and private clients.
Junior companies benefited from Goodman and his partner Seymour Schulich’s ability to recognize resource mineral projects of merit and good management teams and raise funds for their exploration and development. Goodman led the resurgence of Canada’s gold-mining industry in the 1980s, becoming the largest shareholder and chairman of International Corona, which held interests in Ontario’s Hemlo region.
He also played key roles in Repadre (later IAMGOLD) and Dundee Precious Metals and was an early backer of FNX Mining Company Inc. (later Quadra FNX Mining) and its discovery and development of new nickel deposits in Ontario’s Sudbury camp. Goodman made Canada’s mining industry a global powerhouse. He knew how to manage risk and complete a project.
At the 32nd annual Management Achievement Awards, Goodman received the 2012 Lifetime Management Achievement Award. Goodman was inducted into the Canadian Mining Hall of Fame in 2012. Goodman received the Mining Journal Lifetime Achievement Award in 2016. He was appointed to the Order of Canada in 2016, making him one of only 113 Canadians to receive the country’s highest civilian honor. He has received two honorary PhDs as well as an honorary law degree.
Ned Goodman’s obituary and funeral arrangements will be announced at a later date by his family.
News from snbc13.com