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Torex Gold Resources Inc (TXG.TO)

TXG.TO on Toronto Stock Exchange

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Summary

Name Age Since Current Position

Frederick Stanford

61 2020 Executive Chairman of the Board

Jody Kuzenko

50 2020 President, Chief Executive Officer, Director

Steven Thomas

2018 Chief Financial Officer

Anne Stephen

2012 Vice President - Human Resources

Daniel Rollins

2019 Vice President - Corporate Development and Investor Relations

Jonathan Gilligan

2019 Vice President - Automated Mine Design

H. Bernard Loyer

2017 Vice President - Projects

E. Barry Murphy

2019 Vice President - Engineering

Mary Batoff

2014 General Counsel, Corporate Secretary

Richard Howes

62 2020 Lead Independent Director

Andrew Adams

63 2009 Independent Director

Robin Bienenstock

52 2020 Independent Director

Franklin Davis

65 2012 Independent Director

David Fennell

67 2009 Independent Director

Michael Murphy

55 2009 Independent Director

Roy Slack

61 2020 Independent Director

Elizabeth Wademan

44 2016 Independent Director

Biographies

Name Description

Frederick Stanford

Mr. Frederick M. Stanford serves as Executive Chairman of the Board of the Company. He is a mining executive with over 35 years of experience in the mining industry. Mr. Stanford started his career at Vale Canada Limited (“Vale”, formerly Vale Inco and Inco Limited) in 1981 as a software designer and then moved into operations management as an underground mine foreman. He progressed through senior roles in mines operations, processing plant operations, engineering, environmental, health and safety, human resources, and production services operations. In 2006, he was appointed to the role of President of Vale’s Ontario operations, a position he held until June of 2009. Mr. Stanford graduated in Industrial Engineering from the Technical University of Nova Scotia. Mr. Stanford is also a certified director, Institute of Corporate Directors. He has served on the board of directors of Laurentian University, Cambrian College and the Northern Centre for Advanced Technology (“NORCAT”), a non-profit commercial incubator.

Jody Kuzenko

Ms. Jody Lynne Mary Kuzenko serves as President, Chief Executive Officer, Director of the Company. She joined the Company as Chief Operating Officer in October 2018. She is a mining executive with over 20 years of operational and business experience, mainly acquired at Vale (formerly Vale Inco and Inco Limited). She has a proven record of execution and leadership in the areas of base metals refining, sustainability, energy, safety, health and environmental protection, transport functions, oxygen and acid plants, maintenance shops, and community, labour and government relations. Ms. Kuzenko joined Vale as Chief Legal Officer in 2004 and in 2009 moved to the operational side of the business where she held roles of increasing responsibility in operations management until July 2018. Her most recent role with Vale was Director, Business Strategy, Ontario Operations of Vale. Ms. Kuzenko is also a founding Advisory Board member of the Centre for Research in Occupational Safety and Health at Laurentian University. Ms. Kuzenko holds a Bachelor of Laws from the University of Western Ontario, London, Ontario and an Honours Bachelor of Arts from McMaster University, Hamilton, Ontario.

Steven Thomas

Mr. Steven J. Thomas serves as Chief Financial Officer of the Company. He holds Bachelor of Science Accountancy & Economics from the University of Wales; Fellow of the Institute of Chartered Accountants. Steven Thomas is an accomplished finance executive with over 30 years of international corporate experience, particularly in operating mining companies where he has held positions of increasing responsibility. He joined the Company from Goldcorp Inc., where he held the role of CFO Canadian Operations, responsible for improving commercial performance and governance. Prior to that, he held the role of CFO of De Beers Canada Inc. for ten years where Mr. Thomas had a proven track record of delivering results and building, developing and leading finance teams, and co-developing the company’s strategic direction in regard to business growth projects.

Anne Stephen

Ms. Anne E. Stephen serves as Vice President - Human Resources of the Company. She holds Bachelor of Arts (Hons) from McMaster University Anne Stephen is a Human Resource professional with over 30 years’ international experience working both as an executive and as a management consultant. She has worked in a variety of industries with companies such as AngloGold Ashanti, Oman Oil, Vale Inco, Vancity, BMO Financial Group, George Weston, Canadian Pacific Railway and Apple Computer. Ms. Stephen has helped business leaders to build efficient and effective work environments that are 20 – 30% more productive than their competition. Ms. Stephen has been a lecturer at the University of Toronto’s Rotman School of Management and is a founding member of the Global Organization Design Society. Ms. Stephen was a consultant to the Company from January 2011 to June 2013.

Daniel Rollins

Mr. Daniel Rollins serves as Vice President - Corporate Development and Investor Relations of the Company. He holds Bachelor of Science (Chemical Engineering) from Queen’s University and a Master of Business Administration from the University of Toronto. Dan Rollins has over 15 years of metals and mining industry related experience with more than 10 years of experience as a sell-side equity research analyst. Mr. Rollins joined the Torex team in 2019 from RBC Capital Markets, where he provided investment research on precious metal companies and the broader precious metal sector to institutional investors. Prior to RBC Capital Markets, Mr. Rollins was employed in a similar role by UBS Securities Canada. Mr. Rollins started his career at Noranda/Falconbridge where he was involved in the sale of refined zinc metal.

Jonathan Gilligan

Dr. Jonathan Gilligan Ph.D. serves as Vice President - Automated Mine Design of the Company. He holds B.Sc. (Hons.) in Geology from University College London and completed his Doctoral thesis on gold mineralisation at the University of Southampton UK. He is a Fellow of the Geological Society of London, a member of the Australian Institute of Mining and Metallurgy and a member of the Australian Institute of Directors. Jon Gilligan is a senior executive with over 30 years of multi-commodity, international mining experience across advanced exploration, resource development, capital projects, technical services and operations. He joins Torex from SSR Mining where he was Vice President Technical Services, Exploration and Projects Development and took direct responsibility for Argentina open pit silver operations. Dr. Gilligan pursued 17-year career at BHP with senior roles in advanced nickel exploration in Tanzania, technical services and mine operations at the Escondida copper mine in Chile and as Deputy Project Director for the Olympic Dam Expansion Project in South Australia.

H. Bernard Loyer

Mr. H. Bernard Loyer serves as Vice President - Projects of the Company. Mr. Bernie joined the Company as Project Director, Mexico, in March 2015 and then served as Vice President, Latin American Operations of the Company from April 2016 to October 2017. Prior to March 2015, Mr. Loyer had been employed with Goldcorp Inc. commencing in April 2010 where he led the completion of the construction through to commercial production status. Then as Vice President Projects South America, he led both the El Morro and Cerro Negro Projects, the latter in Argentina beginning with engineering through construction and beyond commercial status. Prior to joining Goldcorp in early 2005, Mr. Loyer spent five years at FLSmidth Minerals serving as Vice President, Minerals Technology and Chief Product Officer where he was responsible for all global process technology, manufacturing and material handling. Prior to that he served 15 years with BHP Billiton, spending the last 10 years in Peru and Chile where he held operational leadership roles and led a number of projects. Mr. Loyer has served on the boards of various international companies including KOCH-MVT Material Handling, RAHCO International, Conveyor Engineering, Excel Foundry and CEIM Centro de Entrenamiento Industrial y Minero in Antofagasta, Chile.

E. Barry Murphy

Mr. E. Barry Murphy serves as Vice President - Engineering of the Company. He holds a Professional Engineer Engineering Counsel of South Africa; Bachelor of Mechanical Engineering degree from the University of the Witwatersrand in Johannesburg, South Africa, Bachelor of Commerce from the University of South Africa. Barry Murphy is an accomplished mining executive with more than 25 years of operational and project development experience in the mining and metals industry across three continents. He started his career with Anglo American in South Africa and during his 22 year tenure with the company, punctuated by a period with engineering consultancy, Hatch, he held progressively more senior roles until departing Anglo as the Vice President Projects for the Copper Division based in Santiago, Chile. His most recent appointment prior to joining Torex Gold was as Senior Vice President Technical Services & Projects for Yamana Gold in Toronto, Canada where he was responsible for major project development and technical support for the organisation.

Mary Batoff

Ms. Mary D. Batoff serves as General Counsel, Corporate Secretary of the Company. She is a Member of the Ontario Bar; Bachelor of Laws from the University of Western Ontario; and, Bachelor of Arts and Bachelor of Education from Queen’s University Mary Batoff is a senior executive with over 20 years of experience with publicly traded companies in the mining and exploration sector. Her experience includes successfully leading multi-jurisdictional, debt, equity and restructuring transactions and providing advice and counsel to managers of capital construction projects and operations. Ms. Batoff served as the President and CEO of First Uranium Corporation from August 2012 to December 2013, a gold and uranium company and prior to that she served for over six years as its Vice President, Legal and Secretary. She also served as Vice

Richard Howes

Mr. Richard Allen Howes serves as Lead Independent Director of the Company. He recently retired as President and Chief Executive Officer of Dundee Precious Metals Inc. having served in the role since April 2013. He is a seasoned senior mining executive with over 39 years of experience in the mining industry. He is a visionary leader in mining, organizational innovation and transformation to create competitive advantage and was recognized as the Outstanding Innovator of 2016 by the International Mining Technology Hall of Fame. Throughout his career, Mr. Howes has been closely associated with the practices that make for world-class mining operations, including Inco’s North Mine which won the 2006 Ryan Award as the safest mine in Canada. His extensive industry experience includes progressive technical, operating, management and project roles in many of the largest underground mines and mining companies throughout Canada and internationally. Mr. Howes joined Dundee Precious Metals in early 2009. He was General Manager and Executive Director of the Chelopech mine until November 2010 when he was appointed Executive Vice President and Chief Operating Officer and he served in that role until April 2013, when he was appointed President and Chief Executive Officer. Mr. Howes also serves as a non-executive director of Sabina Gold and Silver Corp., of which he is chair of the safety, health and environment committee and a member of the compensation committee and a non-executive director of Hudbay Minerals Inc., of which he is a member of the compensation and human resources committee and a member of the technical committee. Mr. Howes holds a Bachelor of Applied Science with Honours in Mining Engineering from Queen’s University, Kingston, Ontario and he is a member of the Institute of Corporate Directors.

Andrew Adams

Mr. Andrew B. Adams serves as Independent Director of the Company. Mr. Andrew Adams is a corporate director and has over 30 years of international financial experience in extractive industries. He served as Chief Financial Officer of Aber Diamond Corporation from 1999 to 2003 and Chief Financial Officer of Anglo Gold North America from 1995 to 1999. From 2004 onwards, he has served as an independent, non-executive director on several Canadian mineral resource companies. Mr. Adams is the independent Chairman of TMAC Resources Inc. (“TMAC”) and also serves as an independent, non-executive director of First Quantum Minerals Ltd. (“First Quantum”). He is the chair of the corporate governance and nominating committee and compensation committee and a member of the audit committee of TMAC. He is also a member of the audit committee and corporate governance and nominating committee of First Quantum. Mr. Adams obtained his Bachelor of Social Sciences (Accounting and Statistics) from Southampton University and then qualified as a Chartered Accountant in the United Kingdom in 1981.

Robin Bienenstock

Ms. Robin Anne Bienenstock serves as Independent Director of the Company. She is a founder and investment partner of RBMP Capital LLP, an investment advisory firm, founded in London, United Kingdom in 2017. Prior thereto, Ms. Bienenstock was a partner at Marlin Sams Fund LP, a hedge fund, from 2014 until 2016. She was a senior research analyst at Sanford C. Bernstein & Co., LLC, Research Division from 2007 until 2014. Ms. Bienenstock currently serves as a non-executive director of Pretium Resources Inc. of which she is chair of the compensation committee. Ms. Bienenstock previously served as a non-executive director and member of the audit committee of Sunrise Communications Group AG, a Swiss telecommunications provider, member of the supervisory board of Tele Columbus AG, a German cable provider, and a director and chair of the committee responsible for audit, risks and contingencies of Oi S.A., a large telecommunications company in Brazil and South America. Ms. Bienenstock holds a Master of Arts degree in International Economics and Management from SDA Bocconi in Milan, Italy, Master of Arts in International Relations from the University of Toronto, and a Bachelor of Arts degree in Politics, Philosophy and Economics from the University of Oxford.

Franklin Davis

Mr. Franklin Lorie Davis serves as Independent Director of the Company. He was counsel to the law firm Bennett Jones LLP between March 2013 and September 2019, and prior thereto, counsel to the law firm Fraser Milner Casgrain LLP (“FMC”) from January 2011 to February 2013. Prior thereto, Mr. Davis was a partner of FMC, practicing principally in the areas of securities and capital markets, corporate finance, mergers and acquisitions, mining and corporate governance. Mr. Davis has represented various public companies and investment banking firms in public and private offerings of equity and debt securities. He has acted as counsel to offerors, target companies and financial advisors in both hostile and negotiated merger and acquisition transactions and has been active in a variety of takeover bids, mergers, acquisitions, amalgamations, arrangements and divestitures. Mr. Davis holds a Bachelor of Commerce, Master of Business Administration and Juris Doctor from the University of Toronto. He is a certified director, Institute of Corporate Directors, and was recognized as a leader in his field by such authorities as The Best Lawyers in Canada, and listed in The Canadian Legal LEXPERT Directory, Who’s Who Legal: Canada, The International Who’s Who of Business Lawyers and Canadian Who’s Who.

David Fennell

Mr. David A. Fennell serves as Independent Director of the Company. He Fennell has over 35 years’ experience in the mining industry. He practiced law until he founded Golden Star Resources Ltd in 1983. During his term as president and CEO, Golden Star became a TSE 300 company and one of the largest and most successful exploration companies. In 1998, Mr. Fennell became chairman and CEO of Cambiex Explorations Ltd, which became Hope Bay Gold Corporation. He held this position through the merger of Hope Bay and Miramar Mining Corporation, and remained as executive vice-chairman and director for the combined entity until its takeover by Newmont Mining Corporation in 2008. Mr. Fennell has been instrumental in the success of several resource companies. He currently serves as Chairman of Reunion Gold Corporation and Highland Copper Company Inc., and he is a director of Sabina Gold & Silver Corp, of which he is a member of the safety, health and environment committee and the nominating committee. Mr. Fennell holds a Bachelor of Arts from the University of North Dakota and a Bachelor of Laws from the University of Alberta.

Michael Murphy

Mr. Michael D. Murphy serves as Independent Director of the Company. Mr. Michael Murphy is the President and Chief Executive Officer of Global Battery Metals Ltd., a Canadian based mineral exploration company with a focus on metals that make up and support the rapid evolution to battery power, and President of Woodman Capital Ltd., a private consulting company. Mr. Murphy currently serves as a non-executive director of Ethos Gold Corp. Mr. Murphy previously spent 15 years working in institutional equities in London, with Merrill Lynch, Donaldson, Lufkin & Jenrette and Credit Suisse, where he managed the hedge fund coverage team. Mr. Murphy graduated from the University of British Columbia with a Bachelor of Arts, from the London School of Economics and Political Science with a Master of Science in Finance, and from Saint Mary’s University with a Master of Business Administration and he is a certified director, Institute of Corporate Directors.

Roy Slack

Mr. Roy S. Slack serves as Independent Director of the Company. Mr. Slack has extensive experience acquired over a career of 38 years in mine design and mine construction throughout North America and overseas. He is the founder and a board member of Cementation Americas and served as president from inception in 1998 to 2018. Cementation Americas was acquired by Murray & Roberts in 2004 and Mr. Slack was responsible for their mining operations in North and South America as well as Europe. He also served as a board member of Cementation Sudamérica (Chile) and Murray & Roberts UK. Cementation, part of the Murray & Roberts worldwide mine service group, established to provide mine contracting and consulting services to the North and South American market, as well as services for North American companies carrying out work overseas. In 2019 the company was recognized as the Gold Winner safest employer in Canada in the Natural Resources Sector. Mr. Slack also currently serves on the board of NORCAT. Mr. Slack also served as President of the Canadian Institute of Mining, Metallurgy & Petroleum (“CIM”), the leading technical industry institute in Canada, for the 2019/2020 term ending May 3, 2020. In 2008 he was awarded the Engineer’s Medal for Entrepreneurship by the Professional Engineers of Ontario and in 2009 he was given the Metal Mining Society Award by the CIM. In 2012 he was named a Paul Harris Fellow by Rotary International. In 2017 Nipissing University bestowed upon him an Honorary Doctorate. Mr. Slack holds a Bachelor of Science, Mining Engineering from Queen’s University in Kingston, Ontario.

Elizabeth Wademan

Ms. Elizabeth Anne Wademan serves as Independent Director of the Company. Ms. Elizabeth Wademan is a corporate director with over 23 years of financial services experience as a senior capital markets executive. Ms. Wademan most recently spent 18 years in investment banking at BMO Capital Markets where she was one of the firm’s most senior capital markets professionals, responsible for leading capital markets advisory and complex transactions. She focused on the global metals and mining and technology sectors and was Head of Global Metals & Mining Equity Capital Markets prior to retiring in 2016. As a former Managing Director in Investment Banking, Ms. Wademan has extensive experience in capital markets and strategic advisory as well as a deep expertise in commodities and securities markets. She currently serves on the boards of SSR Mining Inc., of which she is the chair of the compensation committee and member of the safety and sustainability committee, BSR Real Estate Investment Trust (“BSR REIT”), of which she is the chair of the compensation, governance and nominating committee and a member of the audit committee, and St. Joseph’s Health Centre Foundation. Ms. Wademan obtained her Bachelor of Commerce in Finance and International Business from McGill University, Montreal, Quebec. She is a CFA charterholder and she is a certified director, Institute of Corporate Directors.