Based in Vancouver, we are a fully independent investment banking platform providing strategic M&A and capital markets advice to clients within the global metals and mining industry
Our goal is to build long term, trusted relationships with our clients, providing ongoing independent advice to help execute corporate strategy and achieve their objectives
Founded in 2020, GenCap Mining Advisory is a fully independent investment banking platform with expertise in mergers & acquisitions and capital markets advisory within the global metals and mining industry.
We are a team of highly experienced professionals with an extensive track record of originating and executing some of the largest and most intricate transactions in the mining sector.
Drawing on 50+ years of experience, we offer a full suite of strategic advisory services and we are committed to providing trusted, independent and innovative advice to global corporate clients.
Our services include:
M&A strategy and tactics, navigating buy-side / sell-side deal dynamics
Identifying and evaluating potential merger, acquisition, or
Takeover defence strategy, preparedness and measures to manage unsolicited approaches
Deal structuring considerations and negotiating commercial terms
Detailed financial modeling, including valuation, cash flow, and financial / operational impact analysis
Understanding prevailing market conditions, industry trends and investor perspectives
Development of public market messages and preparation of
Transaction management and co-ordination, including reviewing / coordinating transaction-related documentation
Assessment and mitigation of potential transaction risks
Formal valuations and fairness opinions
Evaluating strategic investments and capital markets advisory
Alternative finance structures including royalty and streaming
On June 30, 2021, Ero Copper Corp. announced a US$110M gold stream agreement with Royal Gold Inc. on production from Ero Copper’s NX Gold mine in Mato Grosso, Brazil. The transaction closed on August 6, 2021.
US$100M upfront cash proceeds in exchange for 25% of gold produced at NX Gold until 93 koz gold delivered, after which the stream is reduced to 10%
Royal Gold to make ongoing payments of 20% of the prevailing spot gold price until 49 koz received and 40% of the gold spot price thereafter
Additional US$10M payable to Ero Copper subject to certain performance conditions related to resource increases and planned exploration drilling
Royal Gold to contribute US$5/oz delivered towards ESG initiatives at NX Gold
On March 25, 2021, Capstone Mining Corp. announced a US$290M gold stream agreement with Wheaton Precious Metals Corp. on future production from Capstone's Santo Domingo project in Chile. The transaction closed on April 21, 2021.
Upfront cash consideration of US$290M, of which $30M is payable on closing and the remainder is payable during construction of the Santo Domingo project
Wheaton Precious Metals will make ongoing payments of 18% of the spot gold price at the time of delivery
Capstone to deliver 100% of payable gold produced until 285 koz delivered, after which the stream is reduced to 67%
On December 11, 2020, Capstone Mining Corp. announced a US$150M silver stream agreement with Wheaton Precious Metals Corp. on production from Capstone's Cozamin mine in Zacatecas, Mexico. The transaction closed on February 19, 2021.
Upfront cash payment of US$150M plus ongoing payments of 10% of the spot silver price at the time of delivery
Capstone to deliver 50% of payable silver produced until 10 Moz delivered, after which the stream is reduced to 33%
Prior to founding GenCap, members of our team executed some of the largest and most transformative transactions in the global metals and mining industry
We have worked together since 2007 and have over 50 years of combined experience providing strategic advice to clients
MARCUS CHALK, CFA
Marcus has over 25 years experience as a leading strategic and capital markets advisor in the global metals and mining industry. Prior to founding GenCap, he spent the past 14 years leading the Vancouver mining investment banking team at Scotiabank and was at Macquarie North America (Toronto and Vancouver) and CIBC Wood Gundy (Toronto, Sydney and Vancouver) prior to that.
He holds a Honours Business Administration and a BA in Economics from the University of Western Ontario and is a CFA Charterholder.
Matt has 15 years of investment banking and capital markets experience in the metals and mining industry. Prior to joining GenCap, he spent 13 years working in investment banking at Scotiabank (Vancouver) and was at BMO Capital Markets (Vancouver) prior to that.
He holds a Bachelor of Management and Organizational Studies (Finance, Honours) from the University of Western Ontario.
Jesse has nearly 15 years of investment banking and capital markets experience in the metals and mining industry. Prior to joining GenCap, he spent 13 years working in investment banking at Scotiabank (Vancouver).
He holds a Bachelor of Commerce (Finance, Honours) from the Sauder School of Business at the University of British Columbia.
Brandon joined GenCap in February 2021. Prior to joining GenCap, he spent 5 years working in transaction due diligence and public practice accounting roles in both Canada and the United States.
He holds a Bachelor of Commerce (Accounting, Honours) from the Sauder School of Business at the University of British Columbia and obtained his CPA designation while working at PricewaterhouseCoopers (PwC) in Vancouver.
SHAHARYAR (ALI) SYED
Ali joined GenCap in May 2021. Prior to joining GenCap, he spent two years providing M&A advice, valuation services, and financial litigation support to clients in the diversified mid-market space.
He holds a Bachelor of Science (Applied Mathematics, Honours) from the University of British Columbia.