Global Mining Symposium: Garofalo on Gold Royalty’s role in reversing the reserve decline
David Garofalo (left) and Northern Miner publisher Anthony Vaccaro at the Canadian Mining Symposium in London, United Kingdom in 2017. Photo by Martina Lang.
The precious metals-focused royalty and streaming business model continues to unlock value through win-win deals for exploration and development,
Gold Royalty (NYSE-AM: GROY) CEO David Garofalo told The Northern Miner’s recent Global Mining Symposium.
The prominent mining executive has made the transition to the royalty and streaming business. Garofalo is perhaps best remembered for his role as CEO of
Goldcorp before its US$10 billion merger with what is the largest gold producer today,
Chesapeake Gold Corp.: Chesapeake Gold Announces Acquisition of Alderley Gold Corp. Creating a Platform for Future Growth and Mining Innovation; Alan Pangbourne to Be Appointed Chief Executive Officer
Chesapeake or the
Company ), is pleased to announce that it has entered into a definitive agreement on December 9, 2020 (the
Agreement ) to acquire Alderley Gold Corp. (
Alderley ), a private British Columbia mining technology company. With the acquisition of Alderley, Chesapeake gains access to a proven and innovative precious metals processing technology (the
Technology ) together with certain asset rights and proprietary databases, creating the path towards a new growth oriented and innovative gold and silver producer. Chesapeake will now focus on progressing the Metates project towards production using the Technology in a heap leach operation.