Esperanza | Morelos, Mexico

 

Portfolio Transactions

Equinox Gold

WEBSITE

 

Formed via a 3-way merger (Trek Mining acquired NewCastle Gold and Anfield Resources) and now led by industry veteran Ross Beaty (Chairman), Equinox Gold is a well-financed, multi-asset gold mining company with a multi-million ounce resource base and an exceptional long-term growth platform.

 

Equinox Gold has seven operating mines and a clear plan to increase production by advancing a pipeline of growth projects.  The company is delivering on its growth and diversification strategy, advancing from a single-asset developer to a multi-mine producer in just two years, and is rapidly advancing toward it vision of producing one million ounces of gold annually.

 

Previous to the creation of Equinox, several companies were merged together. In October 2016, Lowell Copper (co-founded by David Lowell, David De Witt and Marcel de Groot) acquired Anthem United and Gold Mountain to form JDL Gold.  At that  time the companies completed a non-brokered $60 million financing. In March of 2017, JDL Gold acquired Luna Gold to form Trek Mining at which time an additional $80 million in equity. In December, 2017 Trek Mining completed the acquisitions of NewCastle Gold and Anfield Resources and was renamed Equinox Gold  and Ross Beaty became Chairman.

Solaris Resources

WEBSITE

Solaris Resources currently has a market cap of approximately $1 billion and is responsibly and sustainably advancing a portfolio of copper and gold projects in the Americas. The company’s flagship Warintza project in Ecuador hosts a high-grade open pit resource within a 7km x 5km cluster of porphyry targets defined on the property, with a number of untested, large-scale gold-in-soil and geophysical anomalies. The company is also expected to be drilling for discoveries at Tamarugo and Ricardo projects in Chile and Capricho and Paco Orco projects in Peru. 

 

All of the exploration programs of Solaris were conceived by the late David Lowell, who made more discoveries of greater consequence than anyone in history.

 

As the founding Chairman of Solaris, Marcel de Groot was instrumental in the formation of the company; Mr. de Groot remained a director of Solaris until 2020.

Sandstorm Gold Royalties

WEBSITE

 

Sandstorm Gold Ltd. is a gold royalty company with a current market cap of approximately $2 billion. Sandstorm provides upfront financing to gold mining companies that are looking for capital and in return, receives the right to a percentage of the gold produced from a mine, for the life of the mine. Sandstorm has acquired a portfolio of 229 royalties, of which 29 of the underlying mines are producing.

 

Pathway founded the capital pool company that formed the basis of Sandstorm in 2009. David De Witt remains a Director of Sandstorm and is currently Chairman, while Marcel de Groot continues to be an adviser to Sandstorm.

Sunpeak Metals Corp.

WEBSITE

 

Sunpeak Metals is an exploration and development company focused within the highly prospective Arabian Nubian Shield in Ethiopia. 

 

The Sunpeak Metals management team has a proven track record of success in the discovery and identification of volcanogenic massive sulphide (VMS) deposits within the Arabian Nubian Shield, having been involved in the discovery of Nevsun Resource’s Bisha Mine in Eritrea in 2003 and the development of Sunridge Gold Corp’s Asmara Project in Eritrea in 2004.

Bisha Mine (Nevsun Resources)

 

Senior members of the Sunpeak Metals team were involved in the discovery of Nevsun Resource’s Bisha Mine (Bisha) in Eritrea. Bisha is a large, high-grade VMS deposit located within the Arabian Nubian Shield in Eritrea and, at the initial reserve estimate prior to production, held over 28 million tonnes of high-grade gold, copper, and zinc. Production at Bisha commenced in 2011 and, to date, the mine has produced 1.25 million ounces of gold, 500 million pounds of copper, and 100 million pounds of zinc.

 

Asmara Mine (Sunridge Gold Corp)

 

The entire Sunpeak Metals team held senior management roles with Sunridge Gold and, in 2004 they began exploring the Asmara Project in the Arabian Nubian Shield in Eritrea. During their tenure at Sunridge Gold, the team completed 300,000 meters of exploration and delineation drilling to ultimately define a measured and indicated resource of over 100 million tonnes of copper, zinc, and gold within six deposits. The team then progressed four of the six deposits through feasibility before a large Chinese company acquired the Company in 2016 for $65 million.

CIC Resources | Mission Gold | Northern Dynasty Minerals Ltd.

WEBSITE

 

Mission Gold | CIC Resources merged with Northern Dynasty (TSX: NDM) in 2015. Northern Dynasty owns 100% of the Pebble Limited Partnership (Pebble Partnership), which is advancing the world-class Pebble Project in Alaska towards permitting and development. The Pebble Project is the most significant undeveloped copper and gold resource in the world. The company is currently awaiting a final decision on the permitting process. The company is focused on designing, permitting, building and operating a modern mine.

 

Mission/CIC founded by Dr. J. David Lowell discovered the largest undeveloped titanium project in the world in Paraguay and Mr. Lowell is regarded as the most successful exploration geologist in the world having over 10 world-class mineral discoveries to his credit, including Escondida, the world's largest copper mine.

 

David De Witt and Marcel de Groot, co-founders of CIC and Mission Gold, have worked closely with Mr. Lowell over the past 20 years and were both instrumental in merging CIC with a third-party company to form Mission Gold, which then merged with Northern Dynasty.

Eclipse Gold Mining Corp.

WEBSITE

 

Eclipse was formed in 2019 with a view to acquiring an option on and exploring the Hercules gold exploration project in Nevada. The Company raised in excess of $40M over the 18 months prior to its acquisition by Northern Vertex Minerals Corp. The combined company offers a combination of production from its Moss mine as well as significant exploration potential from two projects on the Walker Lane Gold Trend of Western Nevada and Arizona.

 

Marcel de Groot was a director of Eclipse from inception and has continued as a director of Northern Vertex Minerals Corp.

Esperanza Resources

WEBSITE

 

Esperanza, taken over by Alamos Gold in 2013, owned a development stage open pit heap leach gold project in central Mexico called Esperanza (formerly called the Cerro Jumil gold project). The project located in Morelos, Mexico, had a resource of 1.5 million ounces of gold and 16 million ounces of silver. In September of 2011 Esperanza completed a Preliminary Economic Assessment (“PEA”) on the Esperanza gold project outlining an initial six-year mine life with expected production of a total of 0.6 million ounces of gold at an average rate of 103,000 ounces per year and average cash costs of US$499 per ounce.

 

Pathway assisted in reorganizing Esperanza and facilitated bringing in a strong development team with experience in developing and operating mines, which led to Esperanza being taken over my Alamos. Both Messrs De Witt and de Groot were major shareholders of Esperanza.

Peru Copper

CHINALCO WEBSITE

 

Peru Copper Inc. was formed for the purpose of exploring and developing the Toromocho copper project located in Peru. In 2007, Peru Copper was sold to Chinalco for approximately $860 million. The Toromocho project to date has had approximately $4 billion expended on it and is one of the largest producing copper mines in Peru.

 

David De Witt was a Director of Peru Copper and the Vice–President of Corporate Development from inception to the time of sale to Chinalco.