CEO of Star Royalties, Alex Pernin
, commented, “Following our comprehensive due diligence process, we have great confidence in both Copperstone’s potential and Kerr’s ability to execute a successful restart of operations. We look forward to working closely with their team as we transition Copperstone into Arizona’s next gold producing mine
The US$18 million advance payment under the streaming agreement will be provided in three equal installments, with the first US$6 million installment having now been advanced. The remaining two tranches will be advanced at the request of Kerr as it incurs expenditures for the restart of Copperstone, with a further US$6 million payable on or before February 28, 2021 and the final US$6 million payable on or before April 30, 2021.
Kerr Mines is an emerging American gold producer advancing the restart of production at its 100-per-cent-owned, fully permitted past-producing Copperstone mine project, located in mining-friendly Arizona. Kerr Mines plans to restart gold production in 2021. https://www.kitco.com/news/2020-11-23/Kerr-Mines-is-closer-to-restart-Copperstone-gold-mine-after-US-18-million-project-financing.html Arizona Gold Corp. https://www.arizona-gold.com/ Alex Pernin
CEO 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 $6B Randgold Resources acquisition, the largest gold sector acquisition in a decade, as well as the $5B 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 (APGO) 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. https://starroyalties.com/executive-team/ https://www.thenewswire.com/press-releases/1BglFRe7D-star-royalties-files-preliminary-long-form-prospectus-for-initial-public-offering.html