Corporate

  • Overview & Management
  • Audit Committee Charter
  • Corporate Governance

Overview

Mexican Gold Mining Corp. brings a unique approach to the science of mine finding. Managed and directed by experienced mining executives, operators and geologist, our philosophy and practice is to start at the end point - a mine.

The Las Minas project, which encompasses a number of historical mines, meets our strict criteria. We believe it has the potential to become an operating mine.

Management

PHILIP O’NEILL

CEO AND PRESIDENT

Mr. O’Neill is an experienced mining executive and corporate director. He is currently the President and founder of MP1 Capital, a Calgary based company created to focus on investments in the natural resources sector. Mr. O’Neill was a founder, director, and CEO of TSX listed Sunward Resources where he raised $81 million for the company and led its acquisition by NovaCopper, now Trilogy Metals, at a +140% premium to market. He has been a director of several TSX, TSX Venture, and ASX listed companies.

In 2012, Mr. O’Neill was honored with induction into the inaugural Casey Research NexTen – a group of industry players identified as the “Next Generation of Resource Industry Titans.” He holds a Bachelor of Applied Science degree, Honours Program, from the University of Guelph.

MATT LIARD

VICE PRESIDENT OF EXPLORATION

Mr. Liard has more than 30 years of mineral exploration experience on 4 continents covering numerous geological environments and commodities.

Mr. Liard’s involvement and success with discoveries include: Vanstar Mining’s Nelligan gold project, Goldbrook Ventures’ nickel, copper, and PGE resource, and the Company’s own Las Minas gold and copper skarns. Mr. Liard has been involved with Las Minas since 2013.

SONNY BERNALES

SENIOR GEOLOGIST AND PROJECT MANAGER

Mr. Bernales has more than 35 years of experience working on grassroots to advanced-stage projects across a wide range of deposit types and commodities, mainly gold and copper. He has worked extensively in Canada, the Philippines, Indonesia, South Korea, Myanmar, and Mexico.

Mr. Bernales has been involved at Las Minas since 2010.

MICHAEL KANEVSKY

CHIEF FINANCIAL OFFICER

Mr. Kanevsky is Chartered Professional Accountant and began his professional career in the audit and assurance practice at Deloitte. Prior to joining the Company, Mr. Kanevsky held controllership and financial reporting roles with several Canadian-based mining companies with operations in Argentina, Peru, and Chile.

Most recently, Mr. Kanevsky has been CFO of several private mining companies.

Directors

JOHN ANDERSON

CHAIRMAN OF THE BOARD AND DIRECTOR

John Anderson has over 20 years of Capital market experience specializing in the resource sector. He was a founder and Financier of many start-up companies with experience on the TSX, NYSE, NASDAQ , London AIM and Swiss Stock Exchange. He was a founder of Deep 6 PLC, American Eagle Oil and Gas as well a founding general partner in Aquastone Capital LLC, a New York based gold fund.

Anderson has raised more than $35 million for Triumph Gold (formerly Northern Freegold). Prior to this, he worked in Investor Relations at Bema Gold and corporate Development at Manulife Financial in commercial real estate development.

PHILIP O’NEILL

CEO AND PRESIDENT

Mr. O’Neill is an experienced mining executive and corporate director. He is currently the President and founder of MP1 Capital, a Calgary based company created to focus on investments in the natural resources sector. Mr. O’Neill was a founder, director, and CEO of TSX listed Sunward Resources where he raised $81 million for the company and led its acquisition by NovaCopper, now Trilogy Metals, at a +140% premium to market. He has been a director of several TSX, TSX Venture, and ASX listed companies.

In 2012, Mr. O’Neill was honored with induction into the inaugural Casey Research NexTen – a group of industry players identified as the “Next Generation of Resource Industry Titans.” He holds a Bachelor of Applied Science degree, Honours Program, from the University of Guelph.

JAY SUJIR

DIRECTOR

Jay Sujir is a Partner in Farris Law’s Mining and Securities practice groups and has nearly 30 years of experience acting for mining and other natural resources companies. He was called to the BC Bar in 1986 after obtaining his LLB from the University of Victoria. He obtained his BA (Economics & Philosophy) in 1981, also from the University of Victoria.

ALI ZAMANI

DIRECTOR

Mr. Zamani served as the Managing Partner of Overlook Investments LLC since January 2016. Prior to Overlook Investments, Mr. Zamani served as a Portfolio Manager at Gefinor Capital Management and as Chief Investment Officer of the GEF Opportunities Fund. From 2012-2013, Mr. Zamani was a Principal at SLZ Capital Management. Prior thereto, he was a Portfolio Manager at Goldman Sachs & Co from 2004 to 2012 responsible for managing the firm’s proprietary investments in publicly traded mining and materials companies.

Audit Commitee
Charter

Mandate

The primary function of the audit committee (the "Committee") is to assist the board of directors in fulfilling its financial oversight responsibilities by reviewing the financial reports and other financial information provided by the Corporation to regulatory authorities and shareholders, the Corporation's systems of internal controls regarding finance and accounting and the Corporation's auditing, accounting and financial reporting processes. The Committee's primary duties and responsibilities are to:

  • Serve as an independent and objective party to monitor the Corporation's financial reporting and internal control system and review the Corporation's financial statements.
  • Review and appraise the performance of the Corporation's external auditors.
  • Provide an open avenue of communication among the Corporation's auditors, financial and senior management and the Board of Directors.

Composition

The Committee shall be comprised of up to four directors as determined by the Board of Directors, the majority of whom shall be free from any relationship that, in the opinion of the Board of Directors, would interfere with the exercise of his or her independent judgment as a member of the Committee. At least one member of the Committee shall have accounting or related financial management expertise. All members of the Committee that are not financially literate will work towards becoming financially literate to obtain a working familiarity with basic finance and accounting practices. For the purposes of the Audit Committee Charter, the definition of “financially literate” is the ability to read and understand a set of financial statements that present a breadth and level of complexity of accounting issues that are generally comparable to the breadth and complexity of the issues that can presumably be expected to be raised by the Corporation's financial statements.

The members of the Committee shall be elected by the Board of Directors at its first meeting following the annual shareholders' meeting. Unless a Chair is elected by the full Board of Directors, the members of the Committee may designate a Chair by a majority vote of the full Committee membership.

Meetings

The Committee shall meet a four times annually, or more frequently as circumstances dictate. As part of its job to foster open communication, the Committee will meet at least annually with the Chief Financial Officer and the external auditors in separate sessions.

Responsibilities and Duties

To fulfill its responsibilities and duties, the Committee shall:

Documents/Reports Review
  1. Review and update the Charter annually.
  2. Review the Corporation's financial statements, MD&A and any annual and interim earnings, press releases before the Corporation publicly discloses this information and any reports or other financial information (including quarterly financial statements), which are submitted to any governmental body, or to the public, including any certification, report, opinion, or review rendered by the external auditors.
External Auditors
  1. Review annually, the performance of the external auditors who shall be ultimately accountable to the Board of Directors and the Committee as representatives of the shareholders of the Corporation.
  2. Recommend to the Board of Directors the selection and, where applicable, the replacement of the external auditors nominated annually for shareholder approval.
  3. Review with management and the external auditors the audit plan for the year-end financial statements and intended template for such statements.
  4. Review and pre-approve all audit and audit-related services and the fees and other compensation related thereto, and any non-audit services, provided by the Corporation's external auditors.

Provided the pre-approval of the non-audit services is presented to the Committee's first scheduled meeting following such approval such authority may be delegated by the Committee to one or more independent members of the Committee.

Financial Reporting Processes

To fulfill its responsibilities and duties, the Committee shall:

Documents/Reports Review
  1. In consultation with the external auditors, review with management the integrity of the Corporation's financial reporting process, both internal and external.
  2. Consider the external auditors' judgments about the quality and appropriateness of the Corporation's accounting principles as applied in its financial reporting.
  3. Consider and approve, if appropriate, changes to the Corporation's auditing and accounting principles and practices as suggested by the external auditors and management.
  4. Following completion of the annual audit, review separately with management and the external auditors any significant difficulties encountered during the course of the audit, including any restrictions on the scope of work or access to required information.
  • Overview & Management
  • Audit Committee Charter
  • Corporate Governance

Get in touch