Management

Ned Goodman

Ned Goodman

Chairman

MBA, BSc Geology

Ned Goodman has made transformative and enduring contributions to Canada’s minerals industry and capital markets as a company-builder, merchant banker and investment advisor during a dynamic career spanning almost half a century. He applied his geological training and business acumen to help build several successful mining companies — notably International Corona and Kinross Gold — and nurtured many other mineral producing companies through astute and timely investments.

In addition to being an outstanding member of the philanthropic community, Montreal-born Goodman is considered one of the leading architects of Canada’s investment management industry. Along with his partners, he founded the first exploration flow-through partnership, CMP Group, which has raised almost $5 billion since the 1980s to help companies explore and develop mining and petroleum companies, leading to the generation of jobs and benefits for rural and northern economies in Canada. He was also the driving force of the Dundee group of financial companies, which grew under his leadership from a $300-million base to a $50-billion mutual fund entity.

An early interest in science prompted Goodman to obtain a BSc degree in geology from McGill University. When geological employment was sparse and Goodman was laid off by Noranda in 1960, business also caught his attention, leading to him achieving an MBA degree from the University of Toronto in 1962. His career path took a financial turn in 1967, when he earned the designation of Chartered Financial Analyst and co-founded Beutel, Goodman & Company Ltd. which offered pension funds and private client investment advice. The firm also established a reputation as a “go-to” destination for mining and oil investment, with junior companies particularly benefiting from Goodman and his partner Seymour Schulich’s ability to recognize resource mineral projects of merit — as well as sound management teams — and raise funds for their exploration and development.
Goodman played a leadership role in the re-emergence of Canada’s gold-mining industry in the 1980s, ultimately becoming the largest shareholder and chairman of International Corona, which held interests in world-class gold mines in Ontario’s Hemlo region. He was involved in the creation of Kinross Gold, Repadre (later IAMGOLD) and Dundee Precious Metals, and was an early backer of FNX Mining Company Inc. (later Quadra FNX Mining) and its discovery and development of new nickel deposits in Ontario’s Sudbury camp.

The Goodman name is synonymous with that of the Dundee group of financial, resource and real estate investments, which he founded in 1991. Dundee’s Dynamic Funds was recently acquired by ScotiaBank. The remaining Dundee enterprise continues to oversee around $14 billion of resource and real estate investments as well as a resource based capital markets and investment banking division – Dundee Capital Markets.

Goodman is Chancellor of Brock University and founder of the Goodman Institute of Investment Management at Concordia University where he is an adjunct professor. He is a meaningful benefactor of many worthy causes. Among his many awards and honours are PDAC’s Developer of the Year Award, presented in 1989; the Entrepreneur of the Year Award in 2004 and the Morningstar Investment Career Achievement Award in 2005. (source Canadian Mining Hall of Fame 2016 - http://mininghalloffame.ca/inductees/2011-2014/ned_goodman ).

Mr. Goodman is the Deputy Chairman of the Canadian Securities Exchange and the President & CEO of Rockland Minerals Corp.



Douglas R. MacQuarrie

President & CEO

P.Geo.BC, B.Sc. Combined Honours Geology & Geophysics

A resident of Vancouver, Mr. MacQuarrie has 40 years’ mineral exploration experience, including 22 years in West Africa. He has been responsible for the discovery, acquisition and development of many significant gold deposits both in Canada and in Ghana. As the former CEO of PMI Gold Corporation he oversaw the acquisition of all the PMI mineral titles including Obotan(now the Asanko Mine) and Kubi, and was responsible for raising over $45 million for exploration and development. Mr. MacQuarrie is a co-founder of Asante Gold; and the Managing Director of Goknet Mining Company Limited - a private Ghanaian exploration company he co-founded in the year 2000 with Ghanaian Nationals Godfried Kesse (former Director Ghana Geological Service), Thomas Ennison (LLB), and Eric Ewen (Canadian Prospector and discoverer of Keegan Esaase orebody).


Philip Gibbs

Chief Financial Officer

B.Compt., MBA, CMA

A resident of Toronto, Mr. Gibbs has extensive experience in the financial management of major international corporations and Canadian listed mining and mineral exploration companies. Mr. Gibbs is also Chief Financial Officer of KILO Goldmines Ltd., and Macusani Yellowcake Inc., operating in the Democratic Republic of Congo and Peru respectively.


Bashir Ahmed

Director & Vice President Production & Development

A resident of Obuasi, Ghana, Mr. Ahmed, a Ghanaian National, is a mining engineer with over 30 years of experience in mine operations, planning, production and management. This wealth of expertise gained him the position as Mine Manager at Obuasi, one of the World’s foremost underground gold mines, producing up to 1.8 million tonnes per year (~4,900 tpd). In this capacity Mr. Ahmed managed a workforce of over a 1000, with an annual budget of US$100 million.


Florian Riedl-Riedenstein

Independent Director

A resident of Vienna, Austria, Mr. Riedl-Riedenstein is a former investment banker working in both New York and Austria. He has over 30 years’ corporate experience as a Director and Officer of Canadian listed companies. His specialty is the successful introduction of Canadian resource companies to European investors. He is a co-founder of Asante Gold and active in Ghana gold exploration for more than 20 years.


Alex Heath

Independent Director

Mr. Heath is a graduate of the UBC/Sauder School of Business. Recent experience includes 8 years with Salman Partners Inc. in their Investment Banking Department as an analyst, Associate and VP. In that capacity, he provided equity financing and financial advisory services to corporate and individual clients including public and private equity offerings, valuations, fairness opinions, and in merger and acquisition advisory work. He was the Lead banker on numerous financings and complex M&A transactions.


Janet Horbulyk

Corporate Secretary

A resident of Vancouver, BC, Ms. Horbulyk has 30 years’ experience with securities and stock exchange regulatory matters including seven years with the listings department of the Vancouver Stock Exchange.

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