Meeting Overview The meeting was led by Dan Wilton, CEO of 1st Mining Gold, and Jeremy Wyatt, CEO of Treasury Metals, to discuss the recent distribution of Treasury Metals shares to 1st Mining shareholders and to provide an update on the developments at Treasury Metals, particularly regarding the Goliath Gold Complex. Key Discussion Points - Introduction of new team members at Treasury Metals and their relevant experience. - Overview of the Goliath Gold Complex and its potential. - Discussion of the base case economics from the Preliminary Economic Assessment (PEA). - Importance of infrastructure and regional exploration opportunities in the Wabagoon Greenstone Belt. - Plans for a 60,000-meter drill program to prioritize resource targets. Decisions Made - No explicit decisions recorded. Action Items & Next Steps - [Unassigned] : Continue to communicate updates to shareholders regarding the distribution of Treasury Metals shares. - [Unassigned] : Monitor and report on the progress of...
Mr. Wyeth brings more than 35 years of diverse international experience in the mining industry to his role as President & CEO of Treasury Metals. Most recently, Mr. Wyeth was Operations Director at a large engineering company, where he led the Oakville office with a strong focus on both local and international projects. During his tenure, he built a strong team that grew the business, seeing the office more than double in size in the last few years and with continued growth planned into the first quarter of 2021. Mr. Wyeth started his career with De Beers, and worked on mines around the world in Canada, Russia, Brazil and South Africa. With De Beers, he moved to Canada to lead the development, construction, commissioning and ramp up of the Victor Diamond Mine in Northern Ontario. He took the Victor project from pre-feasibility study to nameplate capacity. The Victor Project had a capital budget of $1 billion and under Mr. Wyeth’s leadership, it was completed 9 months ahead of schedule and under budget.
Dan Wilton has 25 years of experience in M&A, corporate finance and principal investing in the mining sector, having executed as principal or advised on more than $10 billion of mergers, acquisitions and divestitures and more than $1 billion of financings. Dan was most recently a Partner at Pacific Road Capital Management, a mining-focused private equity investment firm with approximately $800 million under management.
Prior to joining Pacific Road, Dan’s previous roles included Managing Director and Head of the Global Mining and Metals Group at National Bank Financial Inc.; Managing Director in Business Development at General Electric based in London, England; and other corporate finance and M&A roles at global financial institutions based in Toronto and New York.
Dan currently serves as Vice Chair of the Board of Directors and is Chair of the Audit and Finance Committee for Providence Health Care in Vancouver, Canada. Dan holds a B.Comm (First Class Honours) from Queens University and an MBA (with Distinction) from INSEAD in France.
Replay transcript excerpt
Speaker 1: Hi, good morning, slash good afternoon, everyone. Speaker 1: I'm Dan Wilton, CEO of 1st Mining Gold and joined by Jeremy Wyatt, the CEO of Treasury Metals. Speaker 1: And Speaker 1: we're delighted that you've joined us here for Speaker 1: our latest update and summit. Speaker 1: Listen, Speaker 1: with the distribution Speaker 1: of Treasury Metals shares going out to our 1st mining shareholders Speaker 1: over the course of the next couple of days. Speaker 1: We just really wanted to make sure that all of our shareholders had a chance to understand the game plan Speaker 1: at Treasury Speaker 1: and get a sense for why Speaker 1: we as shareholders Speaker 1: remember that 1st Mining is going to continue to be, I think, the largest shareholder of Treasury metals after the distribution, Speaker 1: but why we're so excited about the great work that Jeremy and his team are doing in advancing the Goliath Gold Complex. So Jeremy, thanks very much for joining us today. Speaker 2: Excellent, thanks Dan. It's great, it's a great opportunity. There's so much happening in both our companies. It's an absolute pleasure to be able to join you and update Speaker 2: everyone on where things are going. Speaker 1: Oh, that's great. And listen, I think Speaker 1: 1st and foremost, Speaker 1: we sometimes Speaker 1: forget that Speaker 1: you haven't been on the job here that long. Speaker 1: And I was part of the fortunate crew that had a chance to go through the process Speaker 1: to bring you on board. Speaker 1: And Speaker 1: it's now been Speaker 1: what, 6 months, a little bit over 6 months? Almost 7 months, Dan. Yeah, it doesn't feel like that when I look at what we've achieved, but it's literally only 7 months, correct? Yeah, no, that's amazing. So, you know, 1 of...
