Refining-based Financing for Gold and Silver Miners
Nueva Granada Gold “NG Gold” is a precious metals investments company, with a rapidly growing and innovative model of financing producers and developers around their refining requirements.
NG Gold provides up-front financing for working capital requirements of precious metals producers. NG Gold and its affiliates have over US$250 Million assets under management and invest in producing or near-term producing precious metals developers and producers.
"Nueva Granada Gold is The Superior Gold Investment"
At a Glance
NG gold invests in gold and silver refining contracts, offering a unique value proposition by:
Investing in a diversified portfolio of quality assets
Focusing on near production or producing assets
Maintaining positive cash flow and a strong balance sheet
Cautiously selecting investment targets via strict due diligence processes and jurisdictional risk assessment
Strong collateral / covenant clauses in all contracts
Refining-Based Financing Model
Provides an upfront payment to the mining company in return for a LOM discounted refining contract
Refines the concentrate / coré at either its affiliate refineries or through its LBMA global refinery relationships
Receives an ongoing market price discount on payable gold (with negligible effect on operator’s realized gold price as the discount is within normal market fluctuation)
Pays market price for mine production and offers full hedging and logistics solutions, as negotiated
Ships its concentrates / doré to NG Gold for refining pursuant to the LOM refining contract
Financing is Non-Dilutive, Non-Stream, Non-Royalty; it behaves as Derivative / Contingent Liability
NG Gold’s Refining-based discount is not Booked as an Encumbrance. It's generally viewed as the realized revenue from production and as a Cost of Sales
Service and Low Cost of Capital to the Issuer. Capital is provided at single digit IRR’s
As an Example
Stage discounts 1-12% on Cordero, La Y and Los Mangos production mines
Hybrid debt instrument that secures interest payments and exposure to the positive gold price outlook
Private Equity entrepreneur with over 20 years of experience implementing buy-out, turnaround, and growth investment strategies in the fin-tech, precious metals, and commercial real estate sectors. Mr. Sodhi has co-founded several private equity funds in the US, Latin America, and India which have overseen over US $ 2 billion in precious metals and real estate transactions and have raised over US$ 1 billion of institutional capital from sovereign wealth funds, pension funds, foundations, endowments, and insurance companies.
Formerly an investment banker at Morgan Stanley and Nuveen Investments, Mr. Sodhi is currently the Managing Partner of Sun Valley Investments, Chairman of NG Gold, Executive Chairman of the Colombian Mint and Executive Chairman of Eaton Gold Corp.
Mr. Sodhi is a graduate of Yale University where he conducted Neuroscience research at the Yale Child Study Centre, was nominated a Dwight Hall Fellow and was awarded full scholarship.
Mr. Morgan is a widely recognized analyst in the precious metals industry and consults for hedge funds, high net worth investors, mining companies, depositories and bullion dealers. He is the publisher of The Morgan Report and the new book “The Silver Manifesto”. Mr. Morgan is a featured speaker at investment conferences in North America, Europe and Asia.
Abraham Drost, M.Sc. P.Geo.
A Professional Geoscientist, Mr. Drost is a former Chairman of Premier Gold Mines and former CEO and founding Director of Premier Royalty, prior to its sale to Sandstorm Gold in 2013. He is a former President and Director of Sabina Gold and Silver, former President and Director of Sandspring Resources, former CEO and Director of Source Exploration, and former Director of Mega Precious Metals prior to its sale to Yamana in 2015. Mr. Drost was most recently CEO and Director of Carlisle Goldfields prior to its sale to Alamos in 2016.
Finance professional with over 30 years of experience. During her career she played a leading role in the establishment of the first dedicated African infrastructure fund focused on financing private sector infrastructure projects as Deputy Managing Director of the Emerging Africa Infrastructure Fund. She is the Founding Partner of Atlante Capital Partners, which specializes in investing in structurally undervalued businesses in emerging markets, and currently Head of Special Situations, as well as a Member of the Investment Committee for Debt and Infrastructure, at the CDC Group plc, a development finance institution. She is currently a non-executive director of TSX listed Endeavour Mining ($ 4 billion market cap), she is also independent non-executive director Yellow Cake plc and Sitex SA and served on the Board of Kenmare Resources plc from 2008 to 2017. She holds a Bachelor of Arts in Economics from the George Washington University and an MBA from The Wharton School. Member of: Audit Committee; Corporate Governance & Nominating Committee (Chair); Remuneration Committee; Technical, Health & Safety Committee.
VP Technical Services
Mr. Doyle has over 35 years experience in mining and exploration with Rio Tinto, Inmet and Wardell- Armstrong. Mr. Doyle has experience across exploration, feasibility studies and construction of major mining projects. He is a qualified Engineer and Geologist with a MSc in Environmental Management.
VP Business Development
With over 10 years in the mining industry, Mr. Henao is an experienced leader focused on generating project value through high-impact exploration, production, acquisition, sales and joint-venture strategies. Former VP Finance of multiple publicly traded Canadian mining companies.
Carlos is a senior geologist with 15+ years’ experience in the mining industry. He has worked in mineral exploration and business development in senior and junior mining companies. Carlos holds a Master of Science (MSc) in Applied Geology focused on mineral exploration, from Queen’s University in Canada, and is a Qualified Person as per the CCRR.
Mr. Velasquez has more than 30 years of experience as Finance and Administrative Manager in different companies in Colombia and in Colombian branches of Canadian companies, such as Energentia Ltd (2007 to 2008), Coalcorp (2008 to 2009), and Alange Energy Corp (2009 to 2010).
Ms. Velez Ospina is an Investment strategist with a decade of successful experience in equities, asset management, and private banking at Lloyd's, Bancolombia, and Sun Valley Investments. She has spearheaded the expansion of Sun Valley's portfolio of precious metals investments which led to the foundation of Nueva Granada. She has an MBA from Cass Business School in London and a degree in Engineering Management.
Investments & Corporate Development
Alberto Navarro has 8 years of work experience in Asset Management in Luxembourg and Investment Banking in Spain. He is a graduate in Business Studies from the Universidad Complutense de Madrid, he holds an Executive Master in Finance from IE Business School and is a PhD candidate in Business Studies and Economics at the Universidad Autónoma in Madrid.
Senior Finance Professional
Mr. González has a Master in Finance and has 8 years of experience in financial planning, economic research, mining, project evaluations and investment banking. Holds a BSs in International Business Management from EAFIT University and a postgraduate degree in finance from EAFIT University.