OVERVIEW
SOUTHERN PEAKS MINING

Southern Peaks Mining (SPM) is a private company owned by management and funds advised by Global Natural Resource Investments (“GNRI”), founded in 2010. GNRI partners with top quality management teams to invest in niches within the global natural resources space, particularly upstream oil & gas, mining, and power, including renewables.

Condestable is an established underground copper producer in Peru, with an output of 23k tonnes of Cu equivalent in concentrate each year (with Au and Ag by-products). Following a 3 year, 350k meter, drilling and resource optimization programme, SPM expects a significant increase in NI 43 101 resources during 2021, which will allow for a major expansion in production capacity at its flagship asset.

Ariana is a fully permitted project, currently in early-stage construction. The hydrothermal skarn deposit contains Copper/Zinc mineralization with significant Au/Ag by-products.

CORPORATE
STRATEGY

We aim to operate our assets efficiently, identifying cost reduction opportunities whilst maximizing throughput, resource growth and free cash flow generation.

We pursue high visibility/low risk brownfield expansions at current operations and maximize value at greenfield projects through development or disposal.

We actively seek M&A opportunities within the base metals sector in Latin America, focusing on producing or near-producing assets and maximize equity returns from inception by careful due diligence and financial engineering.

CORPORATE
PRINCIPLES AND VALUES

OUR BUSINESS
VALUES

OUR BUSINESS
VALUES

We believe that in order to achieve superior long-term returns for our shareholders, we must uphold the highest ethical standards. We aim at gaining a leading position in society by promoting an efficient and responsible development of the economy.

OUR ENVIRONMENTAL
VALUES

OUR ENVIRONMENTAL VALUES

We are committed to monitoring and managing the environmental impacts of our activities to secure a sustainable environmental future for the communities that live in the area of influence of our operations.

OUR COMMUNITY
VALUES

OUR COMMUNITY
VALUES

We are committed to helping build healthy, vibrant communities in the areas where we operate.
We contribute to community organizations, institutions and initiatives that strengthen communities in the areas of direct and indirect influence of our operations.                                    

VISION STATEMENT

“We will be a benchmark in mining that operates safely, innovatively and efficiently, generating profit and well-being.”

MISSION STATEMENT

“We responsibly transform mineral resources into prosperity and development for our stakeholders.”

CORPORATE VALUES

1. SAFETY – We consider the health and safety of our workers our highest priority.

2. INNOVATION – We look for new and better ways of doing things.

3. INTEGRITY – We do what is right. Always.

4. TEAMWORK – We work collaboratively to achieve common goals.

5. EFFICIENCY – We use the minimum amount of resources to achieve the best result.

6. INCLUSION – We value the diversity of our stakeholders.

CORPORATE
BOARD OF DIRECTORS
ADOLFO VERA
PRESIDENT AND CHIEF EXECUTIVE OFFICER

Adolfo has held a number of senior management positions in his career, including serving as CFO of Volcan Compañía Minera, Executive Vice-President of Silver Eagle Mines and as a Managing Director of BNP Paribas, responsible for Peru and the Andean region. Adolfo holds a degree in Industrial Engineering from the University of Lima in Peru and a M.B.A. from Queen’s University in Canada. Adolfo is fluent in Spanish, English, French, and Portuguese.

DAVID ELLIS
NON-EXECUTIVE DIRECTOR

David is a Managing Partner at GNRI, a global private equity business focused on natural resources. GNRI was created in 2015 following the management buy-out of the Barclays Natural Resource Investments (“BNRI”) business. David was a Managing Director in BNRI and joined at its inception in 2006. Prior to this, David worked in the mining and metals investment banking teams at Barclays Capital and Société Générale. David is a board member of multiple GNRI portfolio companies in the oil and gas and mining sectors. David is a qualified Chartered Accountant.

RICHARD JENNINGS
NON-EXECUTIVE DIRECTOR

Richard has 16 years’ experience in the private equity industry, 14 years within the natural resources sector, and is a 16 years qualified corporate lawyer. He has had previous roles at Linklaters LLP and Barclays Natural Resource Investments (BNRI). Richard was part of the management buyout of BNRI in 2015, to form Global Natural Resource Investments (GNRI), and holds various directorships across the GNRI portfolio, currently within both the Oil and Gas and Mining Sectors. Currently, Richard is a Managing Director and General Counsel for GNRI.

ADOLFO VERA
PRESIDENT AND CHIEF EXECUTIVE OFFICER
Adolfo has held a number of senior management positions in his career, including serving as CFO of Volcan Compañía Minera, Executive Vice-President of Silver Eagle Mines and as a Managing Director of BNP Paribas, responsible for Peru and the Andean region. Adolfo holds a degree in Industrial Engineering from the University of Lima in Peru and a M.B.A. from Queen’s University in Canada. Adolfo is fluent in Spanish, English, French, and Portuguese.
ENRIQUE RAMIREZ
CHIEF OPERATING OFFICER

Enrique joined SPM from Pan American Silver, where he served as Country Manager in charge of all Peruvian operations. Enrique graduated as a Mining Engineer from the Montana College of Minerals in 1983 and brings to the Company over 25 years of experience in underground mining operations. Prior to working at Pan American, Enrique held senior roles at Glencore International and Volcan Compañía Minera. Enrique is a former director of the Peruvian Mining Engineers Association and a former president of the Safety Committee of the National Peruvian Mining and Petroleum Association.

CAROLA GALLO
CHIEF FINANCIAL OFFICER

Carola joined SPM in April 2013, previously she worked as Head of Financial Planning and Control at Maple Energy Plc for 5 years. She has also served as the Head Accountant at Hochschild Mining and prior to that was a Senior Auditor in Ernest & Young, Peru. Carola holds an Accounting degree from Universidad de Lima and a M.B.A. from the Thunderbird School of Global Management, Tecnológico de Mexico.

MARIANO ALARCO
VP BUSINESS DEVELOPMENT

Mariano joined SPM in November 2013 as Vice President of Business Development. Previously he worked as Executive Director at Goldman Sachs in London, where he worked for 8 years as equity research analyst for the power, renewables and oil & gas sectors. Prior to Goldman Sachs he worked as an analyst for two years at Deutsche Bank in London. He holds a BSc in Environmental Policy and Economics from the London School of Economics and Political Science and has a Masters with Distinction from the Royal School of Mines, Imperial College in Metals and Energy Finance.

JAVIER CÁCERES

OPERATIONS CENTRAL MANAGER, CONDESTABLE

Javier is a mining professional with more than 12 years experience managing mining operations. His career started in Centromin and was later Mines Superintendent at Carahuarca, San Cristobal (Volcan) and Huaron (Pan American Silver) mines. Javier was later Head Operations Manager at Quiruvilca (Pan American Silver/SPM) and is currently Head Operations Manager at Compañia Minera Condestable. Javier is a licenced Engineer with a Master in Mine management from the Universidad Nacional de Ingenieria, and a Diploma in Strategic Management from Universidad del Pacifico.

CECILIA RABITSCH

VP ENVIRONMENTAL AFFAIRS AND SUSTAINABILITY

Cecilia joined SPM in December 2020 as Vice President of Environmental Affairs and Sustainability. Previously she worked at Enel Green Power for 6 years as Senior Business Developer and Head of Permits. Prior to Enel Green Power she worked at Anglo American Plc – Copper Business Unit as Head of Environmental Studies & Permits for Quellaveco and Michiquillay Projects. She holds a BSc in Biotechnology from Universidad Nacional Agraria La Molina where she also studied a Master of Environmental Engineering, has a M.B.A. from Universidad de Piura (MEDEX program) and attended a two-year Business Development program at SDA Bocconi in Milan.