VANCOUVER, BC, Aug. 31, 2020 /CNW/ – GoldMining Inc. (the “Firm” or “GoldMining”) (TSX: GOLD) (OTCQX: GLDLF) is happy to announce the appointment of John Griffith as Chief Growth Officer of its subsidiary, Gold Royalty Corp. (“Gold Royalty”). Mr. Griffith has additionally joined the advisory board of GoldMining.David Garofalo, Chairman and CEO of Gold Royalty, commented: “We’re delighted to welcome John to the Gold Royalty crew. As the previous Head of Bank of America’s Metals and Mining Funding Banking, John has suggested on greater than $60 billion of profitable mining transactions over the previous decade alone. John was a trusted advisor to me and Goldcorp in our US$32 billion merger with Newmont Mining final yr, the most important merger ever accomplished within the gold sector. I’m assured that John’s wealth of expertise in capital markets with one of many largest funding banks on this planet will serve Gold Royalty very properly as we develop our enterprise.”John Griffith commented: “It’s a super privilege to be working carefully with David Garofalo, Amir Adnani and the crew at Gold Royalty and GoldMining as we got down to construct upon an already thrilling portfolio of belongings to create value for all stakeholders. The royalty and streaming enterprise model has emerged over the previous decade to develop into a vital but rising a part of the worldwide treasured metals sector. Whether or not funding improvement development, M&A, or enhancing steadiness sheet power, royalty and streaming firms are not seen as area of interest gamers throughout the business, however as a main supply of capital and environment friendly autos for driving sector-leading funding returns.”Mr. Griffith is a former Managing Director and the Head of Americas Metals & Mining Funding Banking for Bank of America (2006-2020). He brings practically 30 years of monetary providers sector expertise spanning three continents, together with 26 years of world funding banking experience. He has suggested senior administration and govt board members in M&A, capital markets, investor relations, threat administration and common advisory within the world mining business.John’s world landmark transaction was representing Goldcorp in its merger with Newmont Mining in 2019. Different notable advisory transactions within the gold sector embody Barrick Gold’s gross sales of Yilgarn South, Kanowna Belle and Plutonic for A$400 million, Eldorado Gold’s acquisition of European Goldfields for $2.5 billion, Agnico Eagle’s acquisition of Comaplex Minerals for $655 million and Yamana Gold’s sale of Agua Rica to Xstrata and Goldcorp for an undisclosed quantity.He has in depth structuring and negotiating expertise and has led complicated multi-jurisdictional transactions. In an business first – he structured the US$648 million gold stream with Franco Nevada to partially finance, together with excessive yield notes and fairness, Lundin Mining’s US$1.eight billion acquisition of the Candelaria mine from Freeport McMoRan. Most not too long ago, John labored extensively with Triple Flag Treasured Metals Corp., a personal treasured metals-focused royalty and streaming firm backed by Elliot Capital Administration Company.Mr. Griffith holds a Bachelor of Commerce from the College of Cape City and is a twin citizen of the U.S. and Canada.About Gold Royalty Corp.Gold Royalty Corp., a personal wholly-owned subsidiary of GoldMining, is a gold-focused royalty firm. Gold Royalty’s royalty portfolio is anticipated to initially comprise of 0.5% to 2.0% internet smelter return (“NSR”) royalties on the Firm’s curiosity in 14 current initiatives with the chance to broaden the royalty portfolio by the Firm’s buy-back rights on current NSR royalties starting from 0.5% to 2% held by third-parties on as much as 5 of the 14 initiatives.About GoldMining Inc.GoldMining Inc. is a public mineral exploration firm centered on the acquisition and improvement of gold belongings within the Americas. By its disciplined acquisition technique, GoldMining now controls a diversified portfolio of resource-stage gold and gold-copper initiatives in Canada, U.S.A., Brazil, Colombia and Peru. Moreover, GoldMining owns a 75% curiosity within the Rea Uranium Undertaking, positioned within the Western Athabasca Basin of Alberta, Canada.Ahead-looking StatementsStory continuesThis doc incorporates sure forward-looking statements that replicate the present views and/or expectations of GoldMining with respect to its enterprise and future occasions, together with expectations and future plans respecting every of GoldMining’s and Gold Royalty’s, enterprise plans and techniques. Ahead-looking statements are primarily based on the then-current expectations, beliefs, assumptions, estimates and forecasts concerning the enterprise and the markets during which GoldMining and Gold Royalty, function. Buyers are cautioned that every one forward-looking statements contain dangers and uncertainties, together with: the inherent dangers concerned within the exploration and improvement of mineral properties, fluctuating metallic costs, unanticipated prices and bills and uncertainties referring to the supply and prices of financing wanted sooner or later. These dangers, in addition to others, together with these set forth in GoldMiningꞌs Annual Info Kind for the yr ended November 30, 2019, administration’s dialogue and evaluation for the three months ended February 29, 2020 and different filings with Canadian securities regulators, may trigger precise outcomes and occasions to fluctuate considerably. Accordingly, readers mustn’t place undue reliance on forward-looking statements and data. There may be no assurance that forward-looking info, or the fabric elements or assumptions used to develop such ahead wanting info, will show to be correct. The Firm doesn’t undertake any obligations to launch publicly any revisions for updating any voluntary forward-looking statements, besides as required by relevant securities regulation.View authentic content material:http://www.prnewswire.com/news-releases/goldmining-announces-appointment-of-john-griffith-as-chief-development-officer-of-gold-royalty-corp-301120763.htmlSOURCE GoldMining Inc.View authentic content material: http://www.newswire.ca/en/releases/archive/August2020/31/c6350.html
