Historic Gold Team Adds Another Hall-of-Famer to Roster
The GoldMining Inc. (TSX:GOLD)(OTC:GLDLF) team just keeps getting stronger and stronger.
Last month, we told you about Gold Royalty Corp. — GoldMining Inc.’s wholly-owned gold-focused royalty subsidiary — and the appointment of former Goldcorp CEO, David Garofalo, as CEO.
Now, just one month later, Gold Royalty has tapped Canadian Mining Hall-of-Famer, Ian Telfer, as chairman of the advisory board.
In keeping with the best interests of shareholders, spinning out a gold royalty company just makes sense for GoldMining Inc. With a diversified portfolio of fourteen resource-stage gold and gold-copper projects in the United States, Canada, Brazil, Colombia and Peru — owning the eventual royalties on its own projects creates an additional, long-term, non-dilutive value for GOLD/GLDLF shareholders.
With an impressive string of executive appointments to its subsidiary, GoldMining Inc. is systematically building a who’s-who of the gold mining space.
In addition to David Garofalo’s role as CEO of Gold Royalty, the company recently appointed Warren Gilman – who’s served as an advisor to majors such as BHP, Rio Tinto, and Anglo American and who’s been responsible for some of the largest equity financings in Canadian mining history – to its board.
And in no way inferring the roster is now complete, last week’s tapping of Ian Telfer to chair Gold Royalty’s advisory board certainly rounds out a hall-of-fame team that’s sure to be the envy of the gold royalty industry.
A legend in mining circles, Mr. Telfer has been instrumental in building mineral companies with a combined peak market capitalization north of $50 billion including Wheaton Precious Metals and Uranium One.
Over a period of just three years, Telfer took Wheaton River from a value of roughly $10 million to $2.4 billion and ultimately to the biggest merger in the history of the sector when Goldcorp merged with Newmont last year.
It’s an impressive team to say the least. And with the chess pieces now squarely in place, GoldMining Inc., which is led by Amir Adnani, appears well-positioned to expand its precious and base metals development operations and become an eventual sector consolidator.
Yours in profits,
Editor, Resource Stock Digest
Mike Fagan has mining in his blood. As a teenager he staked countless gold and silver properties in Nevada alongside his dad Brian Fagan, who created the Prospect Generator model that’s still widely used today in the resource space. One of those staking projects was put into production by a major Canadian mining company — a truly rare and profitable experience. That background uniquely qualifies him as a mining stock speculator. One of the most well-known names in the business, Mike is now putting that experience to use for the benefit of Resource Stock Digest and Hard Asset Digest readers.