Veragold Mining forges ahead on financing

MJ Editor, Tom Hoskyns is joined by Veragold Mining's Stefan Kreis and Minexia's Richard Lloyd

Veragold Mining

Mining Journal Editor, Tom Hoskyns is joined by Veragold Mining EVP Corporate Finance, Stefan Kreis and Minexia CEO / Veragold Mining Director, Richard Lloyd.

After Mr. Kreis finished his education in Stuttgart, Germany, he founded his first company in the financial sector. As a specialist for Corporate Finance, Mr. Kreis has been engaged by numerous international Companies -mainly Switzerland, Austria and United Kingdom- to develop and structure financial instruments. Besides skills in organisation and structuring of financial instruments, Mr. Kreis was partner in a Swiss-based Foreign Exchange- and Commodity Trading company for nearly a decade. He joined Veragold in 2015 as a Consultant for the Project Financing of the Mina Santa Rosa Project in Panama. Mr. Kreis, alongside with the Management Team and the Principals of Veragold Mining Company Inc., is responsible for structuring the financial operations for Veragold Group.

Richard is a qualified Mining Geologist (BSc Hons & MSc from The Royal School of Mines, Imperial College, London), spending the early part of his career in gold and copper exploration, mine development and production. Since 1998 he has worked in Investment Banking and risk gaining significant experience in Natural Resources and associated Infrastructure. Over a 20 year career including M&A, Corporate Finance Advisory and Relationship Management with many of the global metals and mining companies, he has gained a detailed knowledge of the risks inherent to the industry, the development of projects and the solutions and financeability therein. Richard has been developing disruptive financing solutions for the industry filling a gap in the traditional forms of financing. He is also an independent non-executive director of Ghanaian gold company, Goldstone Resources PLC.

Veragold Panama is a private, emerging mining company preparing to be a gold and silver producer in the Republic of Panama. Veragold's principal asset is the world-class Minas Santa Rosa project near Cañazas, Republic of Panama. With over 1.2M ounces of gold already defined, along with over 5M ounces of silver, a 6000tpd environmentally and socially responsible mill is currently in design with start-up scheduled for Q3 2020.

All concessions for the exploration and/or the exploitation of metallic minerals reserves (gold and others) in a 50 km radius are covered by a contract law from the National Assembly of the republic of Panama (Law N92/2013) affording the company the opportunity to convert the mine into a hub for a regional operation.

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