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About Us

COMPANY

 About Us

 Management & Board

 Royalties & Streams

 Portfolio Construction

 Corporate Governance

 Corporate Responsibility


NEWS SUBSCRIPTION

PRESENTATION

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MISSION

Star Royalties Ltd. is a gold and carbon royalty and streaming investment company. The Company created the world’s first carbon negative gold royalty platform and offers investors exposure to precious metals and carbon offset credits with an increasingly negative carbon footprint. The Company’s objective is to provide wealth creation by structuring accretive transactions with superior alignment to both counterparties and shareholders.

PHILOSOPHY

The Company aims to be uniquely aligned with royalty and streaming counterparties as well as provide investors with superior risk-adjusted returns and wealth creation through asset life extension. Star Royalties specializes in bespoke and operator-friendly financing solutions, including originating, repurchasing and restructuring of royalties and streams in the precious metals and green industries. The Company’s philosophy is to structure mutually beneficial agreements that optimize the counterparties’ capital structure, while generating a return well above the Company’s cost of capital for its shareholders. Star Royalties looks to become the trusted financing partner for companies throughout the various stages of project development, and the commodity and capital markets cycles.

EXPERIENCED MANAGEMENT TEAM  

Management’s experience stems from more than 100 years of prior senior mining-specific roles held in portfolio management, equity research, corporate development, investment banking, mining operations, mineral exploration and corporate finance. Management have been recognized for best-in-class risk-adjusted mining investment returns and mining research, and have amassed an award-winning track record of successful capital allocation and risk assessment, leading to 13 Lipper awards and seven Brendan Wood International Top Gun awards, through a strict and disciplined investment strategy.

COMPETITIVE ADVANTAGE

The Star Royalties team has worked together in various capacities for more than 20 years. Management’s experience and time spent within the industry have allowed them to cultivate strong industry relationships over decades of engagement, resulting in a pipeline of opportunities and an extensive global asset knowledge base. Its focus on precious metals and green sectors aims to simultaneously realize goodwill and good returns with intelligent, mutually beneficial, ESG-centred transactions. Management believes the combination of these factors will provide the team with access to unique investment opportunities that will lead to future growth and shareholder returns.

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CONTACT

Corporate Offices
902-18 King St. E.
Toronto ON  M5C 1C4
Canada
  

Call
+1 647 801 3549
 

Email
IR@starroyalties.com


© 2022 Star Royalties Ltd. All rights reserved.

Dmitry Kushnir

CFA
Vice President, Investor Relations
Dmitry Kushnir is the Vice President, Investor Relations of Star Royalties. He is a Chartered Financial Analyst with over 20 years of progressively senior experience across investor relations, capital markets and business strategy. Prior to joining Star Royalties, he was with Agnico Eagle Mines for over 12 years in the roles of Director of Business Strategy and Director of Investor Relations. In these capacities, he was responsible for fostering alignment and collaboration among diverse business units through development of Agnico Eagle’s corporate strategic plan and assessing the fit of multiple corporate development opportunities. Mr. Kushnir is a polished communicator and presenter, with a passion of transforming complex concepts into understandable, presentable messaging to multiple audiences, including investors, sell-side analysts and business unit leaders. Prior to his time with Agnico Eagle, Mr. Kushnir held roles in investor relations at Sherritt International and equity research at RBC Capital Markets. He currently serves on the Ontario Executive Chapter of the Canadian Investor Relations Institute (CIRI). Mr. Kushnir holds a Bachelor of Economics degree from York University, and is a CFA charterholder.
 

Kenneth Ngo

BBA, CPA, CA
Chief Financial Officer and Corporate Secretary
Kenneth Ngo is the Chief Financial Officer and Corporate Secretary of Star Royalties. He has over 20 years of progressive finance experience across several publicly traded companies, ranging from financial reporting, financial planning and analysis, equity administration, treasury and tax. Mr. Ngo was most recently consulting at Franco-Nevada in a senior finance role, where he was responsible for financial reporting and accounting research. Prior to Franco-Nevada, he consulted for Torex Gold in a controllership function. Before that, Mr. Ngo spent two years at a start-up company as Chief Financial Officer. His previous mining finance experience includes Director of Financial Reporting at Golden Star Resources from 2013 to 2018, as well as Senior Manager of Financial Reporting at Lundin Mining from 2009 to 2013. He received his Chartered Accountant designation while working for Deloitte. Mr. Ngo holds a Bachelor of Business Administration degree from Simon Fraser University and is a Chartered Professional Accountant in Canada and in the United States.
 

Kevin MacLean

P.Eng., CFA
Chief Investment Officer
Kevin MacLean is the Chief Investment Officer of Star Royalties. He has over 30 years of experience specializing in precious metals and mining investments. He was the senior portfolio manager heading the resource investment team at Sentry Investments until 2017, with peak assets under management of approximately $2-billion. Mr. MacLean received 13 Lipper awards over multiple time periods for best risk-adjusted returns in the gold mining sector and was the recipient of seven Brendan Wood International Top Gun awards for recognition of being a leading mind in the gold mining sector. Mr. MacLean is a Professional Engineer, holds a Bachelor of Applied Science (nuclear engineering) from the University of Toronto, and is a CFA charterholder.
 

Belinda Labatte

MBA, CFA, ICD.D
Independent Director
Belinda Labatte is a Director of Star Royalties. She has extensive experience in global IR and capital markets, transaction negotiations, and implementing corporate responsibility, risk and crisis management strategies within the mining sector. Ms. Labatte is currently Chief Executive Officer and Director of Lomiko Metals Inc. She was previously Chief Development Officer of Mandalay Resources and formerly served as Director of Caldas Gold and of Rambler Metals & Mining. She founded The Capital Lab Inc. in 2005 and has also served as a Director of the Prospectors and Developers Association of Canada since 2015. In 2014, Ms. Labatte was awarded the Professional of the Year Award from the Canadian Investor Relations Institute. She has been a member of the Institute of Corporate Directors and has held the ICD.D designation since June 2018. Ms. Labatte holds an MBA from the Rotman School of Management, University of Toronto and is a CFA charterholder.
 

Alex Pernin

MSc, P.Geo.
Chief Executive Officer and Director
Alex Pernin is the Chief Executive Officer and a Director of Star Royalties. He was previously responsible for managing capital allocation and corporate development at Barrick Gold where he oversaw all major internal, joint-venture and M&A opportunities. He was involved in the US$6 billion Randgold Resources acquisition, the largest gold sector acquisition in a decade, as well as the US$5 billion Barrick Gold – Newmont Mining Nevada Joint Venture. Prior to Barrick Gold, Mr. Pernin was in equity research at Canaccord Genuity where he covered junior and mid-capitalization precious metals producers as well as royalty and streaming companies. Before that, he was at Freeport-McMoRan and Northern Superior Resources in mining operations and greenfields exploration roles, respectively. Mr. Pernin is a Registered Professional Geologist in the province of Ontario and holds an Honours Bachelor of Science degree in Geology (gold medallist) and a Master of Science degree in Economic Geology, both from the University of Toronto.
 

Tony Lesiak

BSc, MBA, MAG
Executive Chairman
Tony Lesiak is the Executive Chairman and a Director of Star Royalties. He was formerly Senior Advisor, Investment Banking at Canaccord Genuity where he focused on the mining royalty and streaming space. He previously held the position of Managing Director and Global Head of Mining Research at Canaccord Genuity and was responsible for coverage of the Canadian large capitalization precious metal equities. Prior to rejoining Canaccord Genuity in September 2013, he was Managing Director and Senior Mining Analyst at Macquarie Capital Markets. Mr. Lesiak was a Principal and Senior Mining Analyst at Genuity Capital Markets from 2007 to 2010 and previously held senior positions in mining equity research at UBS (Toronto) and HSBC (New York and Toronto). Mr. Lesiak was a research analyst in the metals and mining sector for over 20 years. Mr. Lesiak earned a B.Sc. in Geology and an MBA from the University of Toronto Rotman School of Management and holds an International MBA specializing in Economics from Johannes Kepler University in Austria.

Jinhee Magie

BCom, CPA, CA
Independent Director and
Chair, Compensation Committee
Jinhee Magie is a Director of Star Royalties. She is an executive with over 25 years of experience, the last 15 in the mining industry. Ms. Magie is currently Senior Vice President and Chief Financial Officer of Lundin Mining Corporation. Prior to her current role, she was Vice President, Finance, having joined Lundin Mining in September 2008 as Director, Finance. Previously, she was the Director of Corporate Compliance for LionOre Mining International. Ms. Magie began her career with Ernst & Young and has held progressively more senior roles in public companies. She has extensive experience in acquisitions and divestitures, public and private equity fundraising and public company reporting. Ms. Magie holds a Bachelor of Commerce degree from the University of Toronto and is a Chartered Professional Accountant (CPA, CA).
 

Kylie Dickson

BBA, CPA, CA
Independent Director and
Chair, Audit Committee
Kylie Dickson is a Director of Star Royalties. She is a mining executive with over 14 years of experience in the industry. Ms. Dickson is currently a Director and Audit Committee Chair of Fortuna Silver Mines and Hillcrest Energy Technologies. She has worked with companies at various stages of the mining lifecycle including exploration, mine development and operations, as well as playing a key role in multiple financings and M&A transactions. She was most recently the VP of Business Development at Equinox Gold. Prior to that, she was Vice President, Business Development at Trek Mining until it merged to form Equinox Gold in December 2017. Ms. Dickson was the Chief Financial Officer of JDL Gold when JDL acquired Luna Gold to create Trek Mining in March 2017. Previously, she was a founding shareholder and Chief Financial Officer of Anthem United and was the Chief Financial Officer of Esperanza Resources which was acquired by Alamos Gold in 2013. She also served as the Corporate Controller of Minefinders Corporation from 2007 to 2012 prior to its acquisition by Pan American Silver. She began her career with KPMG’s mining practice. Ms. Dickson holds a Bachelor of Business Administration in Accounting degree from Simon Fraser University, and is a Canadian CPA, CA.
 

Beatriz Orrantia

LLB, BCL, NACD
Lead Independent Director and
Chair, ESGN Committee
Beatriz Orrantia is a Director of Star Royalties. She has over 15 years of mining industry experience in both legal and operational capacities. She is currently a strategic consultant advising Canada-Latin America businesses on various matters, including expansion into Latin America, access to capital markets, legal, regulatory, risk, government relations, community affairs, and diversity and inclusion. Previously, she was VP Special Projects at Barrick Gold, focused on mining operations, capital projects, sustainability and license-to-operate across projects in Latin America, while also being responsible for oversight on corporate initiatives globally. Prior to joining Barrick Gold, Ms. Orrantia was an M&A, securities and mining lawyer at leading law firms in Toronto, including Heenan Blaikie, McCarthy Tétrault, and Gowlings. She is on the boards of the Heather L. Main Scholarship Fund and Women Who Rock, promoting diversity in capital markets and the mining industry, respectively. Ms. Orrantia holds a law degree (Civil Law, full scholarship for academic excellence) from Universidad del Rosario in Colombia, and a law degree (Common Law) from Osgoode Hall Law School (York University) in Canada.
 

Jay Layman

BSME, MBA, ICD.D
Independent Director
Jay Layman is a Director of Star Royalties. He is also currently Director, President and Chief Operating Officer of Seabridge Gold. Under this role, Mr. Layman has been responsible for designing and managing the technical programs required to advance Seabridge Gold's two main assets – KSM and Courageous Lake. Most recently, he was Vice President Solutions and Innovation for Newmont Mining where he was responsible for managing Global Technical Services and launching a Global Innovation Department. Functions reporting to him included Mining Engineering, Metallurgy and Process, Geostatistics and Reserves, Economic Geology, Project Engineering, Renewable Energy and Global Exploration, Technology and Solutions. During his employment at Newmont, he was responsible for managing numerous Feasibility Studies and his career includes experience in Business Development, Operations, Finance and B2B Supply Chain connectivity. In his wide-ranging career, Mr. Layman has lived in Kazakhstan, Uzbekistan, Tajikistan, Indonesia and Australia and has additional work experience in Russia, Singapore, China and Peru. He has worked in both underground and open pit operations containing gold, copper, silver, lead and zinc metals. Mr. Layman holds Bachelor's Degrees in Mechanical Engineering and Finance from Washington State University and an MBA from Eastern Washington University.
 

Alex Pernin

MSc, P.Geo.
Chief Executive Officer and Director
Alex Pernin is the Chief Executive Officer and a Director of Star Royalties. He was previously responsible for managing capital allocation and corporate development at Barrick Gold where he oversaw all major internal, joint-venture and M&A opportunities. He was involved in the US$6 billion Randgold Resources acquisition, the largest gold sector acquisition in a decade, as well as the US$5 billion Barrick Gold – Newmont Mining Nevada Joint Venture. Prior to Barrick Gold, Mr. Pernin was in equity research at Canaccord Genuity where he covered junior and mid-capitalization precious metals producers as well as royalty and streaming companies. Before that, he was at Freeport-McMoRan and Northern Superior Resources in mining operations and greenfields exploration roles, respectively. Mr. Pernin is a Registered Professional Geologist in the province of Ontario and holds an Honours Bachelor of Science degree in Geology (gold medallist) and a Master of Science degree in Economic Geology, both from the University of Toronto.
 

Tony Lesiak

BSc, MBA, MAG
Executive Chairman
Tony Lesiak is the Executive Chairman and a Director of Star Royalties. He was formerly Senior Advisor, Investment Banking at Canaccord Genuity where he focused on the mining royalty and streaming space. He previously held the position of Managing Director and Global Head of Mining Research at Canaccord Genuity and was responsible for coverage of the Canadian large capitalization precious metal equities. Prior to rejoining Canaccord Genuity in September 2013, he was Managing Director and Senior Mining Analyst at Macquarie Capital Markets. Mr. Lesiak was a Principal and Senior Mining Analyst at Genuity Capital Markets from 2007 to 2010 and previously held senior positions in mining equity research at UBS (Toronto) and HSBC (New York and Toronto). Mr. Lesiak was a research analyst in the metals and mining sector for over 20 years. Mr. Lesiak earned a B.Sc. in Geology and an MBA from the University of Toronto Rotman School of Management and holds an International MBA specializing in Economics from Johannes Kepler University in Austria.