Maple Gold Mines

Financials:

Primary ticker: TSXV:MGM, OTCQB:MGMLF
Stage of development: Exploration
Primary minerals: Gold
Project to promote: Douay and Joutel Gold Projects
Project location: Matagami, Quebec
Website: www.maplegoldmines.com

Maple Gold Mines Ltd. is a Canadian advanced exploration company in a 50/50 joint venture with Agnico Eagle Mines Limited to jointly advance the district-scale Douay and Joutel gold projects located in the prolific Abitibi Greenstone Gold Belt of Quebec, Canada. The Company also holds an exclusive option to acquire 100% of the Eagle Mine Property located at Joutel.
 
The projects benefit from exceptional infrastructure access and boast ~400 km2 of highly prospective ground including an established gold resource at Douay (RPA 2019) that holds significant expansion potential as well as the past-producing Eagle, Telbel and Eagle West mines at Joutel, which collectively produced 1.1 million ounces of gold between 1974 and 1993. The Company is well capitalized and aims to establish an exciting new gold district in the heart of the Abitibi.


Cash: CAD$23.7M
Debt: NIL


Major shareholders:
Agnico Eagle – 12.1%
Fidelity – 6.2%
CDPQ – 5.7%
Delbrook Capital – 4.8%
Goodman & Co – 4.5%
Management ownership – 1%

Management Profile

B. Matthew Hornor – President & CEO, Director
Mr. Hornor is an executive leader with a proven track record in legal, financial and business development arenas. He has extensive expertise in structuring and negotiating complex strategic partnerships and raising capital within the Ivanhoe group of companies for over 10 years. Mr. Hornor previously served as Managing Director for Ivanhoe Capital Corporation and Vice President and then Executive Vice President for Ivanhoe Mines Ltd. for 10 years. During his time at Ivanhoe Mines Ltd., he negotiated project financings for development projects with international banking syndicates, structured strategic alliances and directly negotiated equity capital raises totalling more than $450 million. After arranging a $290 million strategic financing from a Japanese consortium (lead by Itochu Corporation) to fund the Platreef project’s early exploration and development, Mr. Hornor sat as Chairman for Ivanplats Holding SARL (owner of the Platreef project) for over four years.