Rob McEwen | |
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Nationality | Canadian |
Education | St. Andrew's College University of Western Ontario Schulich School of Business, York University |
Occupation | Canadian Businessman |
Rob McEwen, CM (born April 15, 1950) is a Canadian businessman. He is the chairman and chief executive officer of McEwen Mining and was the founder and former chairman and chief executive officer of Goldcorp. In January 2019, Goldcorp merged with Newmont creating Newmont Goldcorp Corporation, which today is the largest gold mining company in the world. McEwen followed his father into the investment industry and also developed a passion for gold. As of 2016 he is one of the top one-hundred wealthiest Canadians, with an estimated personal net worth over $800 million. [1]
McEwen devised an innovative approach to exploration when he published maps and geological data on one of Goldcorp's properties and invited scientists and engineers around the world to analyze the data and submit drilling plans to Goldcorp to help it find its next gold deposit. Normally such data is considered proprietary and confidential in the exploration and mining industry and some of Mr. McEwen's colleagues were horrified at the idea of publishing the company's proprietary data. Goldcorp offered prize money of $500,000 for the best drilling ideas. The response was overwhelming and more than 1400 participants submitted drilling plans to the company, leading to further gold discoveries. [2]
A graduate of St. Andrew's College in 1969, McEwen later earned a Bachelor of Arts from the University of Western Ontario and a Master of Business Administration from the Schulich School of Business. Rob also holds an Honorary Doctor of Laws Degree from York University. McEwen is a member of WPO, the Canadian Council of Chief Executives and the Dean's Advisory Board, Schulich School of Business. In 2008, McEwen was invested in the Order of Canada, the country's highest civilian honor. [3]
With his wife, Cheryl, McEwen co-founded the McEwen Centre for Regenerative Medicine. Cheryl McEwen (née Mason) has served as Vice-Chair of the Toronto General & Western Hospital Foundation Board since 2005, which is part of the University Health Network, [4] and is the founder of Make My Day Foods Inc., manufacturer of the Veggie Puck. [5]
Rob McEwen was inducted into the Canadian Mining Hall of Fame in 2017. [6]
Barrick Gold Corporation is a mining company that produces gold and copper with 16 operating sites in 13 countries. It is headquartered in Toronto, Ontario, Canada. It has mining operations in Argentina, Canada, Chile, Côte d'Ivoire, Democratic Republic of the Congo, Dominican Republic, Mali, Papua New Guinea, Saudi Arabia, Tanzania, the United States and Zambia. In 2023, it produced 4.05 million ounces of gold at all-in sustaining costs of $1,335/ounce and 420 million pounds of copper at all-in sustaining costs of $3.21/pound. As of 31 December 2023, the company had 77 million ounces of proven and probable gold reserves.
Newmont Corporation is an American gold mining company based in Greenwood Village, Colorado. It is the world's largest gold mining corporation. Incorporated in 1921, it owns gold mines in Nevada, Colorado, Ontario, Quebec, Mexico, the Dominican Republic, Australia, Ghana, Argentina, Peru, and Suriname. In addition to gold, Newmont mines copper, silver, zinc and lead.
The Schulich School of Business is the business school of York University located in Toronto, Ontario, Canada. The institution provides undergraduate and graduate degree and diploma programs in business administration, finance, accounting, business analytics, public administration and international business as well as a number of PhD and executive programs. Originally known as the Faculty of Administrative Studies (FAS), it was renamed in 1995 after Seymour Schulich, a major benefactor who has donated $15 million to the school. The Dean of the School, Detlev Zwick, was appointed in 2021 after having served as Interim Dean for 15 months.
Yanacocha is a gold mine in the Cajamarca region of the Northern Highlands of Peru. Considered to be the fourth largest gold mine in the world, it produced 0.97 million ounces of gold in 2014. The 251-square kilometer open pit mine is situated about 30 kilometers north of Cajamarca, in high pampa, straddling the watershed. The operation is a joint venture between Newmont Goldcorp, Compañia de Minas Buenaventura (43.65%) and the International Finance Corporation (5%).
Newcrest Mining Limited is an Australian-based corporation which engages in the exploration, development, mining and sale of gold and the froth flotation product, gold-copper concentrate. It is Australia's leading gold mining company and its operations have expanded beyond Australia, for example Indonesia, thus becoming a prominent international mining corporation. Newmont initially started the company as a subsidiary in 1966. The subsidiary became Newmont Holdings Pvt Ltd in 1980 and in 1990 acquired 100 per cent of Australmin Holdings Limited taking the current name.
Seymour Schulich is a Canadian businessman, investor, author, and philanthropist.
Goldcorp Inc. was a gold production company headquartered in Vancouver, British Columbia, Canada. The company stood among the largest gold producers in the world, employed about 15,800 people worldwide, engaged in gold mining and related activities including exploration, extraction, processing and reclamation. Goldcorp’s operating assets included eleven mines in North and South America.
Dome Mine is situated in the City of Timmins, Ontario, Canada; and was developed during the Porcupine Gold Rush. Last operated by Canadian company Goldcorp, before it became a subsidiary of American company Newmont, it is one of three mines owned by Newmont in the Porcupine district in and around Timmins.
Gold Fields Limited is one of the world's largest gold mining firms. Headquartered in Johannesburg, South Africa, the company is listed on both the Johannesburg Stock Exchange (JSE) and the New York Stock Exchange (NYSE). The firm was formed in 1998 with the amalgamation of the gold assets of Gold Fields of South Africa Limited and Gencor Limited. The company traces its roots back to 1887, when Cecil Rhodes founded Gold Fields of South Africa Limited. As of 2019, Gold Field was the world's eighth-largest producer of gold.
Frank Giustra is a Canadian businessman, mining financier and global philanthropist, who also founded Lionsgate Entertainment. He is CEO of Fiore Group of Companies and co-chair of the International Crisis Group think tank. From 2001 to 2007, he was the chairman of the merchant banking firm, Endeavour Financial, which financed mining companies.
There are different methods by which gold mining companies are ranked. One is by their annual production. Another is by their cash cost per ounce, that is, how much money it costs them to mine the gold. Since gold prices are the same everywhere, companies with lower costs per ounce make more profit. The most common method lists by market capitalization which considers the total value of capital holdings by that company. Also considered when comparing companies is their market capitalization per ounce of gold equivalent which takes the market value and total reserves and resources for each company as well as the price of gold into consideration. The figures for each company can be used to determine the value the stock market gives to each company's reserves on an ounce to ounce basis.
Franco-Nevada Corporation is a Toronto, Ontario, Canada-based, gold-focused royalty and streaming company with a diversified portfolio of cash-flow producing assets. It is traded on the Toronto Stock Exchange and New York Stock Exchange.
The Canadian Malartic Corporation is a mining company that operates the Malartic mine near Malartic, Quebec. Prior to 2014 the company was a public company named Osisko Mining Corporation with shares listed on the Toronto Stock Exchange and New York Stock Exchange. In 2014, Osisko Mining was subject to a hostile takeover bid by Goldcorp but an alternative bid by white knights Yamana Gold and Agnico Eagle Mines Limited was accepted that, in addition to offering a higher price, created the spin-off Osisko Gold Royalties and turned Osisko Mining Corporation into the subsidiary company Canadian Malartic Corporation jointly owned by Yamana Gold and Agnico Eagle. From its founding in 1982 until 2006, Osisko Mining bought and sold mineral exploration rights in Quebec, conducting exploration work. The company acquired an interest in the Canadian Malartic property in 2004 and after promising feasibility studies the mine was constructed with commercial production achieved in May 2011.
Battle North Gold was a Canadian company that was pursuing the development of the Bateman gold project near Red Lake, Ontario. Headquartered in Toronto, the company was listed on the Toronto Stock Exchange in Canada and the New York Stock Exchange and then the OTCQX market exchange in the US. The company's board of directors had approved the construction of the mine in 2014 and raised $700 million but little gold was recovered. Consequently, the company sought creditor protection and re-structured. By 2018 the company had a market capitalization of $80 million as it pursued new resource estimates. The company was acquired by Australian Securities Exchange-listed company Evolution Mining in 2021.
Pierre Lassonde is a Canadian businessman and philanthropist.
Karl Brooks Heisey was a Canadian mining engineer and mining executive in the 1930s. Heisey pioneered the exploration and development of the Sanshaw/Red Lake metal deposits located in northwest Ontario. The Red Lake Mine is one of the richest gold mines in the world, still in production today with annual production of 600,000 ounces gold and over 11 million ounces produced to date.
Ian Telfer is a British-born Canadian mining executive, entrepreneur and former chairman of Goldcorp Inc. Besides leading Goldcorp, he is known for founding and leading other Canadian mining companies, including TVX Gold, Silver Wheaton Corp., and Uranium One, as well as for his philanthropic efforts that include a donation of $25 million to the University of Ottawa's School of Management, now the Telfer School of Management.
Cheryl A. McEwen is a Toronto philanthropist and entrepreneur who, in 2014, founded Make My Day Foods Inc., manufacturer of the Veggie Puck.
Mawuena Adzo Trebarh is a Ghanaian businesswoman. Trebarh was the first female CEO of the Ghana Investment Promotion Centre (GIPC) and the first female underground exploration geologist, amidst a 10,000 strong male-workforce mine-site in the Ashanti Region.