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Management & Economics Society and CIM Toronto Branch Professional Development Series Rocks Stocks & October 25, 2016 Hosted by Ernst & Young LLP, EY Tower, Toronto, Ontario Thanks to all our Sponsors, Organizers, Speakers and Guests Mining Project Development What Needs to Change!

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Page 1: Management & Economics Society and CIM Toronto …...Management & Economics Society and CIM Toronto Branch Professional Development Series Rocks Stocks & October 25, 2016 Hosted by

Management & Economics Society and CIM Toronto Branch Professional Development Series

Rocks

Stocks&

October 25, 2016

Hosted by Ernst & Young LLP, EY Tower, Toronto, Ontario Thanks to all our Sponsors, Organizers, Speakers and Guests

Mining Project Development What Needs to Change!

Page 2: Management & Economics Society and CIM Toronto …...Management & Economics Society and CIM Toronto Branch Professional Development Series Rocks Stocks & October 25, 2016 Hosted by

Letter from the ChairAre there still changes that can be implemented in our approach to mining project development? Absolutely!

It is my pleasure to welcome you to Rocks & Stocks 2016. Under the theme “Mining Project Development - What Needs To Change!”, we will be examining what we can change and what we need to change as we consider existing operations and new mining projects – how can we deliver safety, increased productivity, lower costs, and improved returns to all of our stakeholders within a rapidly changing world.

Last year’s theme was “The Feasibility Study – Relevance, Value, Expectations”. These three concepts are essential as we come together this year to address what needs to change in project development:

• Where is change relevant?

• How can we add significant value?

• Are we properly managing expectations of our stakeholders?

Today’s session themes and the speakers’ topics will raise a number of issues and show how we can start taking real action and get “out of the box”. We must look for the opportunities for change in how we develop mining projects, while addressing the reality of the situation. How do we change something and at the same time positively impact all of our stakeholders?

As always, we encourage you to ask questions and engage in discussion with the speakers and participants. The panel discussion is designed to provide a forum for you. Get involved!

On behalf of my dedicated and supportive Rocks and Stocks team, I want to give a special thanks to our corporate sponsors for their generous support: Ernst & Young LLP, PeckTech Consulting Limited, RDH Mining Equipment Limited, M.Plan International Limited, PDAC, CIBC and Micon international Limited.

Also, I want to thank you for joining us. Your presence at this professional development day indicates that you are open to change and that is the first step in the process of taking mining project development to the next level.

Irene Gosende Seeney Rocks & Stocks ChairRocks & Stocks is a joint initiative of the Management & Economics Society (MES) of CIM and the CIM Toronto Branch.

3rd Annual Management & Economics Society and CIM Toronto BranchProfessional Development Series

Tuesday, October 25, 2016

MINING PROJECT DEVELOPMENT – WHAT NEEDS TO CHANGE!

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3rd Annual Management & Economics Society and CIM Toronto BranchProfessional Development Series

ROCKS & STOCKS 2016MINING PROJECT DEVELOPMENT – WHAT NEEDS TO CHANGE!

Tuesday, October 25, 2016, 7:45 a.m. to 4:30 p.m.

Agenda7:45 Registration & Continental Breakfast (Networking)

8:10 Opening Irene Gosende Seeney, Rocks & Stocks Chair

8:15 Session 1: WHAT NEEDS TO CHANGE Session Chair: Simona Cara

8:20 New Thinking for Changing Times Michael Winship, CIM

8:50 A Reality Check – We Need to Take Off the Rose-coloured Glasses Siri C. Genik, BRIDGE©

9:20 Rethinking Infrastructure Delivery Rosemary Niechcial, GHD Ltd.

9:50 Break (Networking)

10:10 Session 2: KNOWING WHEN TO STOP Session Chair: Jacqueline Allison

10:15 Measuring the Value and Risk Management Benefits of Staged Project Development

Michael Samis, Ernst & Young LLP

10:45 Project Decision Making – When is it Time to Say “NO” to a Mining Project?

Curtis Clarke, A to Z Mining Professionals

11:15 All You Need to Know and Do to Have Effective Corporate Governance of a Mineral Exploration and Development Company

Steve Vaughan, Mining Lawyer

11:45 Lunch (Networking)

12:25 KEYNOTE SPEAKER:Mining for Sustainability – What Does the Next Phaseof Sustainability Look Like for the Mining Sector, from the Perspective of an Inside Outsider

Introduction: Marilyn Barton Stephen D’Esposito, President, Resolve Inc.

1:10 Break (Networking)

1:30 Session 3: . . . AND WHAT TO DO NEXT? Session Chair: James Gardiner

1:35 Technical Innovation in Mining: How Clever Are We Really? Lawrence Clark, Jolimont Global Mining Systems

2.05 Starting Up the Right Way Adam Hewitt, Outliers Mining Solutions

2:35 Reshaping Strategy and Raising Capital Trent Mell, PearTree Securities

3:05 Break (Networking)

3:25 Session 4: PANEL DISCUSSION: NEXT STEPS Introduction: Irene Gosende Seeney

3:30 A panel and audience discussion. What are the next steps?All above speakers plus Todd Minerson

Moderator: Daniella Dimitrov, Mining Executive & Corporate Director

4:10 Questions & Closing Irene Gosende Seeney, Rocks & Stocks Chair

Networking continues at CIM Toronto’s 10th Annual Grubstake Networking Event, 4:30 p.m. until 7:30 p.m. at The National Club, 303 Bay Street

Hosted by Ernst & Young LLP, EY Tower, Toronto, Ontario

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1 Session 1: What Needs to Change? • Session Chair: Simona Cara

Michael WinshipPresidentCanadian Institute of Mining, Metallurgy and Petroleum

Biography

Michael Winship has over 35 years’ experience in mine development, operations, and corporate business. He has international experience in the operation or development of over 25 mining operations in diverse working conditions and cultures.

Michael is currently the President of the Canadian Institute of Mining, Metallurgy and Petroleum (CIM). He was a Director and CEO of both Rubicon Minerals Corp. and Orvana Minerals Corp. He was the Chief Operating Officer of Quadra FNX Mining Ltd. (2010-2012), prior to its acquisition by KGHM. He has held executive level positions with HudBay Minerals Inc., PT International Nickel Tbk, and Vale Inco Ltd. Prior to Vale Inco, Michael was the General Manager for several Placer Dome operations including the Campbell Dome Mines. He started his career with Cominco Ltd. (now Teck).

Michael holds a bachelor’s degree in mining engineering from McGill University.

Michael has been a member of the CIM since the late seventies and been active in all the local branches wherever he has worked in Canada. He has been leader of a number of mines that have won the CIM Ryan Safety Award. In 1985, Michael was awarded the CIM Metal Mining Medal.

Topic – New Thinking for Changing Times

Mining is not for the faint hearted! Challenges continue to develop on the social, technical and financial fronts. New strategies must be employed going ahead to create resource extraction value to society and investors. Experiences gained on project development and mine operations on six continents shape the author’s look into the future.

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Session 1: What Needs to Change? • Session Chair: Simona Cara 2

Siri C. GenikPrincipalBRIDGE©

Biography

Siri Genik is a globally experienced senior professional with over 20 years on complex major capital projects, with particular expertise in strategic planning and execution, risk and commercial management as well as CSR and stakeholder management. Working at the level of project development and project delivery, Siri has experience in the integration of international workforce, local communities

and aboriginal people, aligning with governments and industry. Siri has consistently worked with the Board Room and the Project Delivery teams, bridging gaps and creating vision through strategic leadership. Her background as a lawyer and certified mediator has provided her with extensive experience in project financing, as well as administrative and labour law.

Siri currently runs BRIDGE©, a consulting business, advising her clients on Risk Management Strategies interfacing with commercial strategies and CSR concerns. Focus is to build realistic action plans targeting sustainable results and positive benefits. Solutions are structured to make sense locally as well as fitting into a global context. BRIDGE© builds results centered on a “mediation” approach when working with stakeholders, whether indigenous and local communities, industry and governments.

Siri is a Canadian and her family is from Winnipeg, Manitoba. She was born in Bogotá, Colombia, and grew up in South America, Europe, and Africa. In the course of her career, she has worked in Egypt, Russia, Malaysia, New Caledonia, Chile, Peru, Mexico, Panama, Argentina, Australia as well as Canada, Alaska and the Arctic. She obtained her University degrees at McGill and the Université de Montréal. She is perfectly fluent in English, French and Spanish.

Topic – A Reality Check: We Need to Take Off the Rose-coloured Glasses

To the question “what has to change in the mining industry”, I answer “everything”. Not because the industry is bad, or indifferent, or on the brink of disappearing, or even being considered hateful and evil. Mining is good, beneficial to people, and important to our Canadian (as well as the Global) Economy. Simply put, mining is core to everyone’s daily lives.

However, we are fooling ourselves if we live with the expectation that when the markets pick up (and they slowly are), the industry can simply pick up where it left off. If the industry wants to be successful, grow, expand and leave a good solid positive footprint, we will need to change the way we carry out the business, from the top down, the ground up, and across all the sectors of the industry.

The presentation will touch on “what” needs to change, at a high-level, from Board Governance to Human Resources, Communications to Construction, Supply Chain and Procurement to Logistics and Infrastructure. It will focus much more, however on “how” we need to approach mining - the early involvement and planning, the building of the “right” vision that is communicated inside, team drivers and the philosophy of engagement that underpins the approach. The conclusion: a stronger bottom line, better productivity, sustainable partnerships that outlast the life of mine, a “greener” world, with strong ROI for the shareholders and participation and partnership for the stakeholders and the rightholders. Reality check: the World has changed and so will Mining. It is an exciting Brave New World!

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3 Session 1: What Needs to Change? • Session Chair: Simona Cara

Rosemary Niechcial, P.Eng.Director, Market Development – MiningGHD Ltd.

Biography

Rosemary Niechcial is a licensed chemical engineer with the Professional Engineers of Ontario. She specializes in water treatment and non-process infrastructure development for mining projects. Working globally for nearly 20 years, she has developed projects under a variety of alternative models, including the Australian Alliance model, Independent Water and Power Projects in the Middle East, and Design / Build / Finance / Operate models in the Americas.

Topic – Rethinking Infrastructure Delivery

Miners’ risks associated with non-process infrastructure are becoming increasingly complex. Social and environmental risk, technology advancements, insurance and closure obligations attached to this infrastructure, as well as the project cost overruns due to the under estimation of these costs, indicate that innovative project delivery models involving specialized companies could mitigate these factors.

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Session 2: Knowing When to Stop • Session Chair: Jacqueline Allison 4

Michael Samis, Ph.D., P.Eng.Associate PartnerErnst & Young LLP

Biography

Mike is a mining engineer with more than 25 years of natural resource industry experience involving operations, commodity price modelling, project valuation, finance, and corporate portfolios. He focuses on the following Strategic Capital Management (SCM) decisions and opportunities:

• Investment capital and strategic investment design choices,

• Analyzing project and corporate financing alternatives,

• Protecting and building a company’s balance sheet, and

• Reviewing corporate portfolio alternatives.

His SCM work uses an Integrated Valuation and Risk Modelling (IVRM) framework which is a combination of finance theory, decision analytics, risk management concepts, and numerical methods. IVRM expands the description of a SCM decision by recognizing forecast uncertainty and the ability to manage it through investment/operational flexibility and the contingent structuring of finance and taxation. This extension provides IVRM with an enhanced ability to evaluate and communicate the capital efficiency and risk exposure of competing SCM choices.

Mike’s mining and petroleum assignments involve complex forms of flexibility, financing, and risk exposure and range from the exploration stage through to late-stage capital investments. He has presented more than 30 IVRM courses world-wide to universities, public companies, and government. Mike is a registered Professional Engineer, a qualified person for valuation under NI 43-101 guidelines, and the recipient of the 2013 Robert Elver Mineral Economics Award from CIM.

Currently, Mike is an Associate Partner (Valuation and Business Modelling) in the Toronto office of Ernst and Young’s Transaction Advisory Service where he and his team also value complex financial securities such as employee stock options, convertible debt with embedded derivatives, contingent contracts, and interest rate, commodity, and foreign exchange derivatives.

Topic – Measuring the Value and Risk Management Benefits of Staged Project Development

Mining companies have in the past followed “build big” design strategies for greenfield projects. This presentation shows how staging project development in which future capital investments are only made if business conditions are favourable can lower investment risk exposure and have greater value and capital efficiency than “build big” designs.

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5 Session 2: Knowing When to Stop • Session Chair: Jacqueline Allison

Curtis ClarkeVP Corporate DevelopmentA-Z Mining Professionals Ltd.

Biography

Curtis has over 30 years of varied experience in mine operations, mine engineering, mine geology, management, consulting, equipment marketing and business development; primarily focused on underground operations. His operating experience includes narrow vein and bulk mining of gold, silver/lead, copper and nickel at mines throughout Canada, including NWT, Yukon, Ontario and Manitoba.

Commercially, Curtis has established and managed business units in USA, South Africa, UK, Australia, China, Mexico, Peru, Chile and Brazil, functioning in a global capacity for manufacturers and mining consultancies since 1994. Since 2007, he has managed numerous mining project engineering studies and mine reviews for international investors, financiers and project proponents.

Topic – Project Decision Making – When is it Time to Say “NO” to a Mining Project?

Mineral deposit development projects are often exciting opportunities to create wealth. We know that not all projects become mines and many projects should never be constructed. But when is it time to put a project on the shelf and move on? This presentation reviews standards for project assessment and looks at some case studies to determine if projects should be advanced or shelved. You can judge the case studies for yourself.

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Session 2: Knowing When to Stop • Session Chair: Jacqueline Allison 6

Steve VaughanMining Lawyer

Biography

Steve is a prominent lawyer with a background in geology and has enjoyed a successful practice for over four decades in the mining, oil and gas, geothermal, coalbed methane and nuclear industries. He has advised and represented Canadian and international companies, served on many governmental advisory committees and has been involved in natural resources transactions in more than 70 countries and / or mining jurisdictions. Steve has been a director of natural resource and

mining companies, as well as a member of numerous professional and trade associations, including the joint Toronto Stock Exchange / Ontario Securities Commission Mining Standards Task Force. He has acted for and advised 14 governments and/or mining regulatory authorities on mineral policy and mineral strategy issues.

Steve is listed as one of the outstanding Canadian experts on mining law in the International Who’s Who of Business Lawyers, in the recent editions of Chambers Global: The World’s Leading Lawyers for Business, in the Chambers Latin America: Mining, and in Lexpert / American Lawyer’s Guide to the Leading 500 Lawyers in Canada, as well as in the area of Natural Resources Law in the recent editions of The Best Lawyers in Canada. He is AV® Preeminent™ Peer Review Rated by Martindale-Hubbell, the highest peer review rating awarded to a lawyer for his legal skills and sense of ethics. Legal Media Group / Euromoney Institutional Investor ranks him as one of the best project finance and energy-natural resources lawyers in Canada. Steve has written widely on natural resource financing, mining, international due diligence and related securities law issues published by The Canadian Institute, The Law Society of Upper Canada, the PDAC, Insight, the Conference Board of Canada and the Rocky Mountain Mineral Law Foundation, among others. Steve received his B.Sc., B.C.L. and LL.D. degrees from the University of New Brunswick, and an M.Sc. from McGill University.

Topic – All You Need To Know and Do To Have Effective Corporate Governance of a Mineral Exploration and Development Company

1. Nominate only directors who are entrepreneurially minded, have directorial experience combined with a technical education and expertise in one or more of the various diverse scientific, engineering and financial aspects of mineral exploration, development, production, transportation and sale of mineral commodities businesses. Directors must be experts in one or more aspects of the exploration and mining businesses and should not be cronies of and be totally independent of the president, chairman and controlling shareholders.

2. When referring to boards of directors, “diversity” does not mean age, race, colour, creed, sex or any other physical or mental criteria. It means financial acumen combined with brains, expertise, experience and entrepreneurial independence to make money and keep costs under control.

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7 Luncheon Keynote Presentation • Introduction: Marilyn Barton

Stephen D’EspositoPresidentResolve Inc.

Biography

Stephen D’Esposito is the President and CEO of RESOLVE, a solutions focused NGO that works with community, business, government, foundation and NGO leaders to get results on natural resource, health and sustainability issues. Today RESOLVE is working with hundreds of partners on over 60 projects on issues like smart energy, food safety, sustainable agriculture, responsible mining, sustainable fisheries,

safeguarding human rights and indigenous peoples, biodiversity and habitat protection. Through its Solutions Network, RESOLVE has pioneered the innovative use of public-private partnerships to catalyze sustainable development, including projects that attract investors and program related investments.

Stephen has worked closely with leading companies, NGOs, foundations and governments, including Apple, Shell, the World Economic Forum, TNC, the Gordon and Betty Moore Foundation, Newmont, Oxfam, the Pembina Institute and others to envision and implement solutions to challenging issues.

Prior to RESOLVE, Stephen was President and CEO of EARTHWORKS, a leading global policy NGO focused on mining, oil and gas issues. He served as Deputy Director of Greenpeace USA and he led the Greenpeace International Executive Committee, based in Amsterdam. During his tenure, Stephen played a central role in building Greenpeace into one of the world’s largest environmental organizations. Stephen began his policy career with the New York Public Interest Research Group in the mid-1980s. Stephen serves on a number of boards. He chairs the World Economic Forum’s Global Agenda Council on the Future of Mining and Metals, is former chair and serves on the board of Resource Media, and is a board member of the Diamond Development Initiative among others. In his community, Stephen designed and led a volunteer recycling program that spread across Washington, D.C. and eventually led to passage of the city’s first recycling legislation.

Topic – Mining for Sustainability – What Does the Next Phase of Sustainability Look Like for the Mining Sector, from the Perspective of an Inside Outsider?

This will be a discussion of the key drivers that are moving the mining sector beyond CSR to a sustainability agenda. Starting with a short review of key historical moments and context, the discussion will then identify today’s key sustainability drivers and risks, some of which may be unexpected. The discussion will explore the critical role of vision, a re-think of mining’s stakeholder map, and identification of what next, including a look at key innovators and innovations.

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Session 3: And What to do Next? • Session Chair: James Gardiner 8

Lawrence ClarkPrincipalJolimont Global Mining Systems

Biography

Larry has over 35 years’ experience in hard rock mining operations, engineering, planning and technology introduction. Larry is currently a Principal in Jolimont Global Mining Systems, a private equity investor focused on the Mining Equipment, Technology and Services [METS] sector. Prior to joining Jolimont Global, Larry was Senior Director of Newmont’s Mining Technology group where he led projects in

new technologies like unmanned aircraft systems, autonomous mining, mechanical excavation systems and complex optimization software systems. Larry was responsible for Newmont’s mining R&D programs and its relationships with universities and suppliers. Prior to joining Newmont, Larry was VP and General Manager of Datamine North America, a major mining software company. Beginning as an underground miner, he holds a B.Sc. (Hons) in civil engineering and M.Eng. in mine engineering from the Colorado School of Mines.

Topic – Technical Innovations in Mining: How Clever Are We Really?

The mining industry is known for its sluggish, reluctant attitude toward change. This reluctance is an understandable (and predictable) risk-avoidance strategy given the uncertainties we already face in our business. This presentation will touch on several currently underused technologies and discuss some R&D projects that show promise. It will also focus on the Value Proposition that is often under-emphasized by technology providers yet is the key to building a compelling vision in the customer’s mind. It will highlight some of the keys to successful execution of a technology introduction. The hope is to provoke comments and discussion on the need for innovative technology, and ways to increase the uptake of these valuable advances.

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9 Session 3: And What to do Next? • Session Chair: James Gardiner

Adam HewittManaging DirectorOutliers Mining Solutions Inc.

Biography

Adam holds a B.Sc. in Mining Engineering from Queens University and is a Lean Six Sigma Black Belt. He has held numerous mining engineering roles in Canada and Australia. While in Australia, he played a key role within a mining team seeing a project through from the operational readiness stage into ramp up and full production. As a continuous improvement expert, Adam has led large scale

projects spanning all areas of mining including debottlenecking process plants, train loading and stockyard management, corporate safety programs and mine optimization.

Adam specializes in improving open pit mining productivity, efficiencies and planning. He uses simplified Key Performance Indicators (KPI) design and short interval control to drive focus within each level of the organization on factors they are accountable for. His ability to clearly communicate with the front line workforce through to senior executives has made him an effective agent of change and trusted advisor to his clients.

In 2014, Adam formed Outliers Mining Solutions with his business partner, Salar Javid. The Outliers team has steadily grown by providing a unique skillset of bridging gaps in operational readiness, operations, technical planning, strategy and mine technology, underpinned by a continuous improvement approach. Projects to date have included supporting ramp up to steady production of a North American gold mine and developing an operational readiness framework for the reopening of a gold operation in Brazil.

Topic – Starting Up the Right Way

Mines are failing and we continue to make the same mistakes, unable to break from what we’ve done in the past. The pressure to make projects attractive to the investment community and the competition for capital is introducing more risk than ever before. Ramp up curves are more aggressive, productivity assumptions are higher and many activities perceived as non-essential are deferred to minimize upfront costs. Companies must prioritize operational readiness to both de-risk the aggressive timelines and assumptions of new projects but also to ensure their survivability. This phase must occur much earlier in the project to allow the critical mass of knowledge to build within the operation and ensure successful implementation of processes and systems. Starting up the right way will cover key points that if achieved will significantly increase the probability of success and sustainable profitability of new operations. These are topics that are practical and simple solutions from an operational perspective.

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Session 3: And What to do Next? • Session Chair: James Gardiner 10

Trent Mell, B.A., B.C.L., LL.B., LL.M., MBA

President and Head of MiningPearTree Securities Inc.

Biography

Trent joined PearTree Securities in 2015 to supplement its existing broker network and foster new relationships with issuers and their shareholders.

Trent is a mining executive and capital markets professional with over 15 years of industry experience. He has worked for global producers and junior miners and has

experience at all stages of the mining lifecycle. Trent has worked in various capacities with Barrick Gold Corp., AuRico Gold Inc. and others, and most recently served as President and CEO of Falco Resources Ltd. Prior to entering the mining industry, he was a securities lawyer with Stikeman Elliott LLP.

He has extensive transactional experience acquired through more than 100 transactions, ranging in size from a few million to more than $10 billion dollars, including over $2 billion in equity and debt financings. Born and raised in Quebec, Trent holds a B.A., B.C.L., LL.B., LL.M. and MBA.

Trent is the Chairman of the Board of Boost Child and Youth Advocacy Centre and has served as a director of the Canada Sports Friendship Exchange Programs. In 1991, he was awarded a citizenship medal by the Government of Canada for community service.

Topic – Reshaping Strategy and Raising Capital

Trent will speak to reshaping your business strategy and looking at new ways to raise money and be successful in a changing marketplace. The traditional junior mining company’s business model, organizational model and approach to raising capital for mining projects may not be the best approach for your particular asset. Trent will demonstrate how recent lateral thinking in these areas has turned some struggling junior mining companies’ assets into successful mining projects.

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11 Session 4: Panel Member: Next Steps • Session Chair: Irene Gosende Seeney

PANEL MEMBER: Todd MinersonExecutive DirectorWhite Ribbon

Biography

Todd Minerson is the Executive Director of the White Ribbon, the world’s largest effort of men and boys to end men’s violence against women. He is also the CEO of Parker P. Consulting, a social enterprise wholly owned by White Ribbon, working on gender issues with the private sector.

Initiated in Canada in 1991, the White Ribbon now has a presence in over 65 countries around the world. The White Ribbon symbolizes a man’s pledge to never commit, condone, or remain silent about violence against women.

Todd’s work on engaging men and boys in gender based violence prevention and the pursuit of gender equality has taken him around the world.

His work also includes numerous engagements with the United Nations, including as a member of the UN Women Global Civil Society Advisory Group. Todd is also a member of the Province of Ontario’s Permanent Roundtable on Violence against Women, and the Advisory Council for A Federal Strategy on Gender-Based Violence with the Government of Canada. Recently Todd was elected as the Co-Chair of the Global MenEngage Alliance, a group of 600 NGOs working on gender equality issues with men and boys.

Of all these accomplishments he is most proud of being a father, a husband, and a really average hockey player.

Panel Topic – Next Steps

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Session 4: Panel Member: Next Steps • Session Chair: Irene Gosende Seeney 12

MODERATOR: Daniella DimitrovMining Executive and Corporate Director

Biography

Daniella Dimitrov has over 20 years of leadership experience in building, leading, operating and streamlining businesses in mining and financial services. She has held various senior roles in the mining industry since 2009 including with Orvana Minerals Corp. where she served as President and CEO and previously as CFO and with Baffinland Iron Mines Corp. where she served as Executive Vice Chair during a period which ended with its acquisition for $600 million. Daniella held various

senior roles in the financial services industry between 2000 and 2008 including as COO of Dundee Securities Ltd. and SVP, Strategic Initiatives with Raymond James Ltd. She played a key role in the growth of Dundee through eight acquisitions to reach $62 billion in client assets, over 3000 financial advisors and almost $1 billion in revenues. Prior to 2000, she was corporate counsel with Smith Lyons LLP, a Canadian law firm.

Since 2010, Daniella is or has been a director of Aldridge Minerals Inc., Alloycorp Mining Inc., Orvana Minerals, Baffinland Iron (Vice-Chair) and Commonwealth Silver and Gold Mining Inc. (Chair). She has chaired or been a member of audit, compensation, governance, technical, EHS, finance and independent committees of such boards. Between 2000 and 2008, she served as a member, chair/vice-chair of various committees of the Investment Industry Association of Canada, the Investment Industry Regulatory Organization of Canada and the Mutual Fund Dealers Association. She was also a director of the Ombudsman for Banking Services and Investments. She has a Global EMBA from Kellogg School of Management and Schulich School of Business and a law degree from Windsor University. Daniella was chosen as one of the top 100 Global Inspirational Women in Mining for 2016 and is a Canada Diversity 50 2016 Board Candidate.

Panel Topic – Next Steps

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Rocks & Stocks 2016 Notes

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Rocks & Stocks 2016 Notes

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Rocks & Stocks 2016 Notes

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Irene Gosende Seeney – Rocks & Stocks ChairSimona Cara – Session ChairJacqueline Allison – Session ChairMarilyn Barton – Session ChairJames Gardiner – Session ChairCarlos Da Costa

James SproulJane SpoonerJessie Liu-ErnstingLawrence Devon SmithMichael SamisPeter BroadWarren Flannery

Special Thanks to our Host:Michael Samis of Ernst & Young LLP

Rocks & Stocks 2016 Committee

Thanks to Our Sponsors:

Management & Economics Society and CIM Toronto Branch Rocks & Stocks 2016 Professional Development Series