GOLD) (OTCQX: GLDLF) is pleased to announce that Ian Telfer has joined Gold Royalty Corp.
Ian Telfer Joins Gold Royalty Corp.
VANCOUVER, BC,
Sept. 3, 2020
/CNW/ - GoldMining Inc. (the "Company" or "GoldMining") (TSX:
GOLD) (OTCQX: GLDLF) is pleased to announce that
Ian Telfer
has joined Gold Royalty Corp.
("Gold Royalty"), a subsidiary of the Company, as Chairman of its Advisory Board.
Amir Adnani
, Chairman of GoldMining, commented: "We are honored that
Ian Telfer
, a giant of both
the gold mining and streaming industries has joined Gold Royalty. As a visionary mining
entrepreneur, Ian built and led a series of very successful companies through strategically timed
mergers and acquisitions, including Wheaton River, which became Goldcorp, Wheaton Precious
Metals and Uranium One. The companies that he founded or led reached a combined market
capitalization of more than
$50 billion
at their peaks. Ian's achievements earned him the honor of
being appointed Chairman of the World Gold Council (2009-2013) and being named to the Canadian
Mining Hall of Fame (2015) and the Canadian Business Hall of Fame (2018). His knowledge and
experience evident through this impressive track record of success will be invaluable to Gold
Royalty."
David Garofalo
, Chairman and CEO of Gold Royalty, commented: "Any time you can welcome a hall
of famer to your team - it's a privilege! When it comes to the gold business, Ian is a luminary with
an unparalleled 35-year track record. When he took the helm at Wheaton River in 2001, he grew a
company from a value of roughly
$10 million
to
$2.4 billion
over a short three-year period and
ultimately to the biggest merger in the history of the sector when Goldcorp merged with Newmont in
2019. Ian also pioneered the streaming model which was spun out of Goldcorp and became
Wheaton Precious Metals. Ian and I worked very closely over the years and I am confident his
contribution to Gold Royalty will be significant as we move forward with our growth plans."
Ian Telfer
commented: "I am pleased to chair Gold Royalty's advisory board and I look forward to
working with
David Garofalo
,
Amir Adnani
and the team as we build out this exciting new royalty
company. The royalty business has evolved into a crucial and high margin component of the mining
industry. The initial platform of 14 royalties on Goldmining's projects, gives us a strong platform
from which we can grow a business which will look to be a sector consolidator."
About
Ian Telfer
Ian Telfer
is a Canadian executive and philanthropist who is known for his strategic business success
in the mining and resource sector.
Originally from
Oxford, England
, Ian grew up in
Canada
and studied Political Science at the
University of Toronto
. Ian then earned his Master of Business Administration from the
University of
Ottawa
.
From 2001, Ian was the Chief Executive Officer of Wheaton River until its merger with Goldcorp in
2005, when he became Goldcorp's President and Chief Executive Officer. In 2006, Ian was
appointed Chairman of the Board for Goldcorp, a position that he held until 2019 when Goldcorp
merged with Newmont Mining, creating the world's largest gold company.
About Gold Royalty Corp.
Gold Royalty Corp., a private wholly-owned subsidiary of GoldMining, is a gold-focused royalty
company. Gold Royalty's royalty portfolio is expected to initially comprise of 0.5% to 2.0% net
smelter return ("NSR") royalties on the Company's interest in 14 existing projects with the
opportunity to expand the royalty portfolio through the Company's buy-back rights on existing NSR
royalties ranging from 0.5% to 2% held by third-parties on up to 5 of the 14 projects.
About GoldMining Inc.
GoldMining Inc. is a public mineral exploration company focused on the acquisition and development
of gold assets in the Americas. Through its disciplined acquisition strategy, GoldMining now controls
a diversified portfolio of resource-stage gold and gold-copper projects in
Canada
,
U.S.A.
,
Brazil
,
Colombia
and Peru. Additionally, GoldMining owns a 75% interest in the Rea Uranium Project,
located in the
Western Athabasca
Basin of
Alberta, Canada
.
Forward-looking Statements
This document contains certain forward-looking statements that reflect the current views and/or
expectations of GoldMining with respect to its business and future events, including expectations
and future plans respecting each of GoldMining's and Gold Royalty's, business plans and
strategies. Forward-looking statements are based on the then-current expectations, beliefs,
assumptions, estimates and forecasts about the business and the markets in which GoldMining
and Gold Royalty, operate. Investors are cautioned that all forward-looking statements involve
risks and uncertainties, including: the inherent risks involved in the exploration and development of
mineral properties, fluctuating metal prices, unanticipated costs and expenses and uncertainties
relating to the availability and costs of financing needed in the future. These risks, as well as
others, including those set forth in GoldMiningꞌs Annual Information Form for the year ended
November 30, 2019
, management's discussion and analysis for the three months ended
February
29, 2020
and other filings with Canadian securities regulators, could cause actual results and
events to vary significantly. Accordingly, readers should not place undue reliance on forward-
looking statements and information. There can be no assurance that forward-looking information,
or the material factors or assumptions used to develop such forward looking information, will prove
to be accurate. The Company does not undertake any obligations to release publicly any revisions
for updating any voluntary forward-looking statements, except as required by applicable securities
law.
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SOURCE
GoldMining Inc.
View original content:
http://www.newswire.ca/en/releases/archive/September2020/03/c3074.html
%SEDAR: 00031036E
For further information:
GoldMining Inc., Amir Adnani, Chairman; Garnet Dawson, CEO,
Telephone: (855) 630-1001, Email: [email protected]
CO: GoldMining Inc.
CNW 06:00e 03-SEP-20