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TNM Symposiums are back in North America for the first time since before the pandemic, and it couldn’t come at a better time for investors.
Geopolitics are now shaping our industry more than ever before as the West’s de-coupling from China sparks a push to secure domestic supply of critical minerals, and the late stage of the debt cycle pushes us towards the de-dollarization of the global economy and the resurgence of gold as a stable currency.
To tackle the big themes of the day The Northern Miner brings you not only the industry’s leading minds but also the industry’s leading journalists, who know how to ask the right questions to get you the information you need to make the right decisions in this unprecedented time for our sector.
TNM Global Mining Symposium established itself as the go-to virtual event in the mining and metals industry during the pandemic and now we get to bring this powerful platform to a physical space so you can not only hear from but also meet industry leaders like Rob McEwen, the founder and CEO of McEwen Gold; Futurist George Hemingway, and the newest members of the Canadian Mining Hall of Fame Jim Cooney, Alex Davidson and Douglas Silver.
Joining them is a slate of other executives that are driving the industry forward with new projects and new technologies that will be shaping the industry in the coming months and years.
We look forward to seeing and hearing from you all again on Thursday, May 25th at the TMX Market Centre (120 Adelaide St. W. Toronto, ON).
Time | Presentation |
|---|---|
8:30 - 9:00 | Registration & Breakfast |
9:00 - 9:05 | Welcome and Introductions |
9:05 - 9:35 | Don Lindsay, Former CEO, Teck Resources Ltd. |
9:35 - 9:50 | Metal Energy Corp. |
9:50 - 10:05 | Los Andes Copper Ltd. |
10:05 -10:20 | NextGen Energy Ltd. |
10:20 - 11:15 | The Future Of Mining - Unlocking Opportunities for the Next Generation |
11:15 - 11:30 | Panoro Minerals Ltd. |
11:30 - 11:45 | Fireweed Metals Corp. |
11:45 - 12:00 | Archer Exploration Corp. |
12:00 - 12:45 | Lunch Break |
12:55 - 1:10 | Horizon Copper Corp. |
1:10 - 1:25 | ORECAP Invest Corp. |
1:25 - 1:40 | Victoria Gold |
1:45 - 2:00 | M2 Capital Partners |
2:00 - 2:10 | Break |
2:10 - 2:25 | O3 Mining |
2:25 - 3:10 | How an effective ESG strategy can help ensure the next Super Cycle leaves no one behind |
3:10 - 3:25 | Sanu Gold Corporation |
3:25 - 3:40 | American Eagle Gold Corp. |
3:40 - 4:20 | Frank Giustra, Strategic Advisor, Aris Mining |
4:20 | Closing remarks |
Few modern-era geologists have experienced a more productive quest for mineral wealth than Alexander (Alex) Davidson. From 1993 to 2009, he contributed to the remarkable success of Barrick Gold as it evolved from its North American base into the world’s leading gold producer. As Executive Vice President of exploration and [later] corporate development, Davidson helped expand Barrick’s gold resources through a series of world-class discoveries and strategic mergers and acquisitions. Most notably he led the discovery team at the Pascua Lama gold-silver deposit in the Andes, recognized the exploration upside of the Pierina prospect in Peru, led the team for the grassroots discovery of Lagunas Norte in Peru and evaluated and recommended the acquisition of the Bulyanhulu project in Tanzania. He also maximized the value of assets acquired through takeovers of senior producers such as Lac Minerals, Homestake Mining and Placer Dome.
Born in Montreal, Davidson graduated from McGill University in 1976 with a M.Sc. degree in Economic Geology. Soon after he led an exploration program for a predecessor of Cameco and drilled the discovery hole at the McArthur Lake uranium deposit in Saskatchewan. In 1980 he joined Falconbridge Copper in Ontario, where he contributed to the discovery of the high-grade Winston Lake zinc deposit, which produced from 1988 to 1999. He also played a role in the discovery and development of the Samatosum silver-lead-zinc mine near Adams Lake, BC.
Davidson joined Barrick in 1993 and became part of a top-tier team led by Peter Munk and Robert Smith (both CMHF inductees). He expanded the company’s exploration efforts outside of North America and devised a system to identify quality projects and share knowledge and talent within the global group. His vision and team leadership skills helped Barrick meet the challenge of expanding total resources while continually replacing mined ounces on an annual basis.
In 1994, Barrick acquired Lac Minerals and began exploring its South American assets. A year later, Davidson’s team discovered the Pascua deposit in Chile, which led to ground acquisition and exploration across the border at the Lama project in Argentina. Subsequent drilling at Pascua Lama defined reserves of 18 million ounces of gold and 600 million ounces of silver. During this period a joint venture with Argentina Gold led to the discovery of the nearby Valadero mine.
In 1996, Davidson championed the US$800-million acquisition of Arequipa Resources, based on nine holes at its Pierina discovery. Pierina opened two years later with eight million ounces of reserves and produced for 18 years as one of the world’s lowest cost mines. He also urged Barrick to acquire Sutton Resources and its Bulyanhulu gold deposit and led exploration that quadrupled reserves to 15 million ounces. As part of the deal Barrick gained a dominant position in the Lake Victoria greenstone belt and acquired nearby projects later developed into mines. Davidson continued to make discoveries, including Lagunas Norte in the Alto Chicama district of Peru. In 2005 he spearheaded the US$9.2-billion acquisition of Placer Dome, which gave Barrick a dozen new mines around the world and importantly, consolidated the Cortez Trend which resulted in the Cortez, Goldrush and Fourmile deposits in Nevada. Davidson’s achievements helped elevate the stature of Canadian mining at home and overseas and earned him industry honours including the PDAC’s Prospector of the Year Award (2003), the CIM’s A.O. Dufresne Award (2005) and the SME’s Charles F. Rand Gold Medal (2019).
The career accomplishments of Douglas Silver reflect the close ties between the Canadian and American mining communities and the mutual benefits of enhanced exposure to new concepts and wealth-generating opportunities. Silver rose to prominence in the early 1990s as president and owner of Balfour Holdings, which became a leading mineral economics and management consulting firm. His training in economic geology (including being involved in a major molybdenum discovery) and rare expertise in mining valuation made him a sought-after consultant and speaker at mining and investment conferences on both sides of the border. Silver also launched the Denver Gold Group (DGG), one of the world's leading investment forums for gold producers that features a dominant contingent of Canadian-listed companies. He has made many other contributions to Canada’s mining industry, notably in the mineral royalty and streaming sector. In 2005, he launched International Royalty Corporation (IRC) and grew revenues from US$400,000 to US$50 million by 2007 and sold the company for $749 million in 2010. Silver next joined private-equity firm, Orion Resource Partners., and built another large royalty portfolio that ultimately sold for $1.1 billion to Canadian company, Osisko Gold Royalties, and participated in hundreds of millions of dollars in Canadian mining investments.
Silver was raised in New Jersey and graduated from the University of Arizona with a Masters degree in Economic Geology. He launched Colorado-based Balfour Holdings in 1987, and soon constructed multiple comprehensive databases on mining issues. He developed new valuation techniques for a broad range of mines, mineral deposits and exploration projects. His pioneering expertise in valuations improved the due diligence process, set market values, and ultimately contributed to the drafting of industry valuation standards, such as the CIMVAL Code.
Silver is a prolific writer and speaker, having given more than 130 presentations, including dozens of keynote addresses at industry events such as PDAC and CIM conferences. He also supported Canadian mining through the DGG, which he conceptualized and founded to introduce gold companies to gold institutional investors. The DGG has long been dominated by Canadian-listed companies, and its annual conference continues today as one of the world’s principal forums for gold investment discussion.
Early in his career Silver recognized the downstream value of royalty investments, and chose Canada as the place to fulfill his dream of creating not one, but two outstanding royalty portfolios. He co-founded IRC as a private entity in 2003, with only a small royalty from the Hemlo gold project, and then raised $190 million to expand the portfolio. IRC was the largest mining-related initial public offering on the Toronto Stock Exchange in 2005. Silver and his team turned IRC into a $749-million company within seven years by acquiring 86 royalties, with a net smelter royalty on Labrador’s giant Voisey’s Bay nickel project being IRC’s flagship asset.
After selling IRC to Royal Gold for a 60% premium in 2010, Silver joined privately-held Orion Resource Partners and focused on building his second royalty portfolio. The portfolio included a diamond stream from Stornoway Diamonds—a Canadian first—and more than a dozen royalties from projects in five Canadian provinces. The portfolio was ultimately sold in 2017 to Osisko Gold Royalties for $1.1 billion, which made Osisko the third largest Canadian royalty company.
Silver has received numerous awards for his many achievements, notably from the Society of Mining Engineering, Metallurgy and Exploration (SME), and also was a 2018 inductee into the U.S. National Mining Hall of Fame.
As a non-miner in the mining world, Jim Cooney championed the concept of sustainable development and pioneered the application of policies and procedures to improve the industry’s social and environmental performance. His strongly held convictions were controversial in the early 1990s, but eventually found acceptance from major companies that understood the risks of not adapting to changing times. Among them was Placer Dome (later part of Barrick Gold), which gave Cooney the opportunity to introduce sustainable development across its Canadian and international operations. He introduced the term “Social License to Operate” in 1997, which quickly gained prominence in the mining industry and eventually spread to other industry sectors. From the mid-1990s until his retirement in 2006, he was a thought leader in a broad range of national and international forums that helped mining associations and other organizations draft and adopt sustainable development policies and practices.
Cooney initially intended to become an academic. He studied philosophy and political science at Georgetown University and East Asian studies at the University of Toronto. In 1976, he decided to leave academia and was hired by Cominco (now Teck) as a research generalist supporting the company’s strategic planning group.
In 1982 Cooney was hired by Placer Development as manager of government affairs. In 1986, he left Placer for an Interchange Canada assignment as resource policy analyst with the office of the Federal Economic Development Co-ordinator. During that time Placer Development merged with Dome Mines. In 1988, he returned to Placer Dome as director of international and public affairs. His primary responsibility was to assess and help manage social and political risks in the host countries and communities of Placer’s exploration and mining investments.
In 1987, Cooney was inspired by the Brundtland report, Our Common Future, which introduced the world to the concept of sustainable development. Yet he noted that while governments and civil society embraced the vision of the report, mining risked being left behind in a changing policy environment. In publications and speeches, Cooney advocated that mining companies should adopt sustainable development as an integrated strategy for managing social and environmental risks. In 1996, Placer’s CEO, John Willson, agreed with Cooney’s vision and directed him to prepare a corporate sustainable development policy. During a year of consultations, Cooney garnered input from key stakeholder groups and from Placer’s managers and professionals around the world. Placer’s sustainable development policy was thus embedded in the corporate culture as a statement of the values, insights and aspirations of employees at all levels and locations. In 1998, Placer became the first mining company to fully embrace sustainable development in principle and in practice.
Under Cooney’s guidance, Placer implemented two pathfinding sustainability initiatives. The company’s Las Cristinas mine in Venezuela conducted a multi-year project of constructive engagement with artisanal miners, and in South Africa the company undertook a multi-year project of providing employability and medical support to retrenched mineworkers at the company’s South Deep mine. Both projects attracted complementary funding from the Canadian International Development Agency and both received commendations from the World Bank as innovative and instructive approaches to community development by a mining company.
Cooney helped provide the intellectual framework for the practical application of sustainable development and this legacy endures today through standard industry practices such as stakeholder outreach and indigenous consultation. In recognition of his leadership and achievements, Cooney received the CIM’s award for excellence in sustainable development (2011) and AME BC’s Robert H. Hedley award for social and environmental responsibility (2016).
Chairman, Chief Owner of McEwen Mining, which has four mines located in USA, Canada, Mexico and Argentina. Associated with the gold industry all his career, first 18 years in the investment industry and since 1990 as CEO of several gold mining companies.
Founder of Goldcorp Inc., where he grew its market capitalization from $50 million to over $8 billion. At McEwen Mining (MUX) he owns 17% of the company, takes a salary of $1/ year and the cost of his investment in MUX and McEwen Copper exceeds US$220 million.
He and his wife have donated over $60 million to encourage excellence and innovation in healthcare and education.
Awards: Order of Canada, Canadian Mining Hall of Fame member, Honorary Doctorate of Law Degrees from York University and Western University.
George Hemingway is Managing Partner and leads the Innovation Practice at Stratalis where he advises the leaders of companies, organizations and countries on the future and how to succeed in uncertain times.
Considered one of the leading futurists in the mining industry, he regularly keynotes at venues ranging from the World Mining Congress to NASA and the Pentagon. He has advised many of the world’s leading natural resource and industrial companies, ranging from Vale, Anglo American and BHP to BASF and the Air Force on how their operations and organizations can best pivot and transform to succeed.
In addition to corporate boards, he is passionate about supporting the next generation of leaders as a board member to the Chamber Orchestra of New York, Moon Mark Aerospace and the Lassonde Institute of Mining at the University of Toronto. He holds an MBA from Columbia Business School and a BS from the Stern School of Business at NYU.
TORONTO, May 04, 2023 (GLOBE NEWSWIRE) -- Sprott Capital Partners today announced the completion of a management-led buyout from Sprott Inc. Effective immediately, Sprott Capital Partners will become SCP Resource Finance LP (“SCP”). SCP will be led by Peter Grosskopf, former Chief Executive Officer of Sprott Inc. (2010 – 2022) and managed by its existing experienced executive team. SCP Resource Finance will continue to provide capital markets advisory, investment banking and private client business to mineral exploration and mining clients on a global basis from offices in Toronto and London.
“At SCP, we have one of the broadest investment teams covering the mining industry, with analysts across all sub-specialities from base and energy transition metals to precious metals and uranium. Our independence, specialized knowledge and experienced team differentiates us from other dealers servicing the sector. Thanks to strong financial backing and senior management team ownership, we are now well positioned to build on our leadership position as an independent and resource-focused broker dealer,” stated Peter Grosskopf, Chief Executive Officer, SCP Resource Finance. “With enviable relationships and reputation, strong conviction that minerals and metals markets are on the upswing and ready access to capital, we look forward to remaining an active supporter of the global mining sector.”
Since its formation in 2017, Sprott Capital Partners has raised more than $5.3 billion of capital for mining sector clients and advised on almost $2 billion of M&A transactions and strategic investments. In 2022, Sprott Capital Partners ranked as the 4th largest underwriter in sub-$100 million mining public offerings and private placements.
“After fifty years of underinvestment, the mining sector’s time is now,” added Brock Salier, Head of Research, SCP Resource Finance. “Industry fundamentals have never been healthier; gold is demonstrating its value as the backbone of the international economic system and the energy transition presents the most compelling investment opportunity for the mining sector in decades. We believe investment opportunities will soon reach all-time highs and our ambition is to be the trusted partner to corporate and institutional clients realizing mining’s great potential.”
With the completion of the buyout from Sprott Inc., SCP Resource Finance will continue with no material changes to its management or investment teams, client accounts or day-to-day operations.
Mr. Selby is a founder of Canada Nickel Company and was formerly President & CEO of RNC Minerals (Royal Nickel Corporation) where he led a team that successfully raised over $100 million and advanced the Dumont nickel-cobalt project from initial resource to a fully permitted, construction-ready project. He has held several senior management roles with Quadra Mining, Inco, and Purolator Courier, and was a partner at Mercer Management Consulting.
Ms. Clark, a serial entrepreneur, experienced in early stage and mature high growth companies, successfully started, grew and sold three companies and is presently the founder and principle of 3 Financial and Regulatory Technology companies: a Financial Advisor licensing system, an AML and Terrorist Finance entity checking system with AI identity verification; and an AI driven ESG reporting system with real time data and predictive modelling to manage risks and outcomes. Ms. Clark also advises, invests in, or capital raises for private and public companies, and has been 3X awarded the “Top 100 Most Powerful Women in Canada” in 2017, 2019 and most recently in 2022. Ms. Clark is Chair of the Board of a venture capital company: Independent Director of a North American Futures, Options and Swaps Securities Exchange: Member Advisory Committee for Pelangio Exploration Inc., Board Advisor for AdvisorSavvy – a Securities’ Advisor ratings technology system, and Strategic Advisor to the Canadian Regulatory Technology Association. Ms Clark also sits on the TSX Advisory Council. Ms. Clark is frequently asked to speak at international conferences on Finance and Technolgy, and has written a comprehensive textbook for Financial Advisors and their support staff entitled “Inside Canada’s Securitis Industry”.
A founding partner bringing over 40 years of expertise to his position as President and CEO, Chris Frostad led Public Companies in both the technology and mining & metals industries. Throughout his career, he has been instrumental in the development and building of a variety of high growth, early stage, public and private companies and served as Director for several mining and technology companies. Prior to Purepoint, he held numerous senior positions in the technology industry including CEO in Residence of a Toronto-based Venture Capital firm. Mr. Frostad is a Chartered Accountant and a Chartered Professional Accountant who began his career in International Taxation with Deloitte.
President & CEO, Director
Over 30 years of mining industry experience in exploration, production, corporate development and numerous Board & executive roles. National Leader, Mining at TSX for 8 years. At Richmont Mines Inc, acted as lead director for 7 years, stepped in as interim CEO, introducing a new chapter for the gold producer, and remained on the Board through to the successful near-billion-dollar acquisition by Alamos. Current Director at Alamos & Almaden, previously at Wallbridge Mining and Aurania Resources. Significant capital markets and M&A experience.
John McConnell's +40 years of mining experience is mostly in Canada's northern territories. John has been President & CEO of Victoria Gold since 2010 and has led the exploration, development, and financing of the Eagle Gold Mine in Canada's Yukon Territory. Eagle has been in production since 2019 and at full production will produce +200,000 ounces per year of gold.
Previously, he was President & CEO of Western Keltic Mines until it was acquired by Sherwood Copper; VP, NWT Projects for De Beers Canada primarily responsible for permitting and development of the Snap Lake Diamond Mine; Breakwater Resources Ltd in operations at the Nanisivik Zinc & Lead Mine on Baffin Island; and Strathcona Mineral Services Ltd.
Mr. McConnell is the 2021 Winner of AME BC's prestigious EA Scholtz Award for Excellence in Mine Development for his role in building the Eagle Gold mine. A graduate of the Colorado School of Mines, with a B.Sc. in Mining Engineering Mr. McConnell is also a Director of Lahontan Gold Corp.
Mr. Carmel has 30 years of experience in the mining industry and capital markets. Over the course of his career, he has held senior management and board positions at mining companies, investment banks and private equity firms focused on the mining industry.
Positions held by Paul Carmel prior to 2020 include: Chairman of the Board of Orbit Garant Drilling Inc., Chairman of the Board of Mason Graphite Inc, Inc; President, CEO and Director of Richmont Mines, Managing Director and Head of Mining at Desjardins Capital Markets and President and CEO of MinQuest Capital, a mining private equity fund.
Mr. Carmel holds a Bachelor of Engineering, Mining degree from McGill University, and also an ICD.D certification granted by the Institute of Corporate Directors.
Amyot Choquette is a senior director investments since 2012 at Ressources Québec, a division of Investissement Québec that invests and finances projects in the mining, forestry and energy sectors.
Prior to occupying these functions, Mr. Choquette has held a number of functions at the Société Générale de Financement du Québec in the mining and forestry sectors. Mr. Choquette has also worked at the Fonds regional de Solidarité FTQ, a labor sponsored fund, and at Raymond Chabot Grant Thornton.
Mr. Choquette earned is business degree from Université Laval in 1991 and is a CPA CA since 1993.
Mr Jonathan Lafontaine started his current role as the Mining exploration activity monitor for the ministère des Ressources naturelles et des Forêts in August 2020. Mr Lafontaine graduated with a B.Sc. in geology from Laval University in 2001 including an academic exchange with the University of Alberta, and graduated with a M.Sc. in geology from the University of New Brunswick in 2007. He began his professional career in Saskatchewan for a uranium exploration and mining company and pursued professional interests as a geologist in New Brunswick, Quebec and Saskatchewan. Among his successes, he contributed to the discovery of the Matoush project, Quebec’s discovery of the year in 2008, which helped him convince the IAEA to now recognize it as a new deposit type.
Between 2013 and 2020, he has assumed several different roles in the fields of corporate development and mining investments, and he managed technical committees in the field of hydrogen standardization at both the international and Canadian levels for ISO and SCC respectively, with hydrogen a significant path in the field in electrification. Since the beginning of his career, he has been involved with several commodities and numerous projects representing the entire mineral development process. Mr Lafontaine is a registered professional in Québec, du New-Brunswick and Saskatchewan.
Scott Hicks is currently Executive Vice President at Prime Mining Corp., a gold-silver exploration company focused on its multi-million ounce high-grade Los Reyes project in Mexico.
Prior to joining Prime, Scott was Sr. Vice President of Geology, Mine Planning and Project Evaluations with Kinross Gold Corporation, overseeing global technical services, project optimization and technical diligences.
Prior to joining Kinross in 2011, he held positions of increasing responsibility with Inco Ltd. and Vale in the areas of corporate development, strategic planning and financial evaluation, including several years in Indonesia at one of the world’s largest integrated nickel operations. Scott has several years of Management Consulting experience with Mercer (now Oliver Wyman).
Scott holds a Bachelor of Applied Science in Mining Engineering from Queen’s University in Kingston, Ontario, is a Professional Engineer and a Chartered Financial Analyst (CFA®) charterholder.
P Mr. Mai holds a degree in Geology from the University of Quebec in Montréal and over 15 years’ experience in the mining and metal industry as an executive, senior project manager and geologist in coal, base metals and gold projects in Canada, Australia and South America. Mr. Mai has been with Dundee Sustainable Technologies since 2013, and with strong business oriented, geochemistry, gold metallurgy and processing skills, he has been a key player in the development and commercialization of the Corporation’s Proprietary Processes and current implementation projects.
Mr. Lynch is currently CEO of Power Nickel Inc. a publicly held mining company with the advanced stage Nisk Nickel project south of James Bay Quebec. It also has projects in BC’s Golden Triangle and Chile. Mr. Lynch is also the Founder and Managing Director of Save Canadian Mining.
Save Canadian Mining was launched in November2019 to unify Canada’s junior mining sector in requesting regulatory changes in Canada’s capital markets. The organization is supported by the TSX Venture Exchange, the Ontario Mining Association, the Ontario Prospectors Association, as well as mining industry leaders like Eric Sprott (Sprott Mining) Sean Roosen (Osisko Mining), Keith Neumeyer (First Majestic Silver Corp), and Rod McEwan (McEwan Mining Inc) and over 25 junior mining companies and over 3,000 members.
Mr. Lynch graduated in 1981 from St. Francis Xavier University with a joint honours degree in Economics and BBA. Prior to becoming a director with International PBX Ventures in 2012, Mr. Lynch had been CEO of privately held Nevada-focused Relief Gold. He also had been a director and later CEO of TSX- listed Firstgold Corp. He assumed the CEO position after the company had run into financial difficulty bringing its Relief Canyon mine into production. He arranged a sale of 51% of the company for a total capital injection of $26.5 million from Northwest Non-Ferrous Metals, one of China’s largest mining engineering and consulting groups.
From 2005 to 2008 Mr. Lynch was a partner with Kingsmill Capital Partners, a financial advisory firm specializing in advising public and private early stage growth companies. Prior to joining Kingsmill Capital he spent 15 years operating start-up companies in industrial products, oil and gas and media. Mr. Lynch was also the Cofounder of TSX and NASDAQ listed Cardiol Therapeutics. A leader in producing Pharmaceutical CBD and developer of ground breaking therapies for heart disease.
Co-founded several successful mining companies over 35 years including Wheaton River, Thompson Creek and Glencairn Gold. Former editor of The Northern Miner Magazine.
Chairman Pan American Silver
Vice-Chairman and CEO Agnico Eagle Mines Limited
President and CEO Franco-Nevada Corp.
President and CEO Barrick
Executive co-Chairman and Founder Ivanhoe Mines
Independent Non-Executive Director Glencore plc
Executive Chairman Yamana Gold
Chairman Franco-Nevada Corp.
CEO Franco-Nevada Corp.
President and CEO Teck Resources Limited
Executive Vice President & Chief Financial Officer IAMGOLD Corporation
Chairman Lundin Group of Companies
President and CEO Lucara Diamond Corp
President, CEO and Director B2Gold Corp.
Director Cameco Corporation
CEO and Director Pelangio Exploration Inc.
Managing Director, Senior Portfolio Manager Sprott Asset Management
Portfolio Manager and Gold Strategist VanEck
Vice President Marret Asset Management Inc.
Vice-President and Director Haywood Securities
Global Managing Partner, Mining ERM
President, Chief Economist and Strategist Rosenberg Research & Associates Inc.
