BMO Capital Markets

BMO Capital Markets is a comprehensive financial services provider based in Toronto, Canada, and is a part of BMO Financial Group. Established in 1988, the firm offers a diverse range of investment and corporate banking services to corporate, institutional, and government clients. Its offerings include equity and debt underwriting, corporate lending, project financing, mergers and acquisitions advisory, securitization, treasury management, market risk management, and both debt and equity research. Additionally, BMO Capital Markets specializes in institutional sales and trading, serving various sectors such as aerospace, food, chemicals, mining, healthcare, energy and power, and media and entertainment. The firm is recognized for its extensive expertise and commitment to delivering tailored financial solutions.

Michel Bayard

Managing Director

Marco Cavalluzzi

Director

Devon Dayton

Managing Director and Head, Technology and Innovation

Katie Jones

Managing Director

George Kappas

Associate

Christopher Marlowe

Vice Chairman

Alejandro Mita

Investment Banking Associate in the M&A practice

Devdatta Navare

Managing Director and Co-Head of Technology and Business Services, Middle Market M&A

Filip Papich

Managing Director and Co-head of Capital Markets Quebec

Alan Tannenbaum

CEO and Group Head, BMO Capital Markets

David Weiss

Managing Director and Head of US Leveraged Finance Distribution and Trading

Jennifer Wyllie

Vice President, UK Corporate Broking and ECM

Past deals in Precious Metals

Bear Creek Mining

Post in 2025
Bear Creek Mining Corporation is an exploration-stage company focused on the acquisition, exploration, and development of precious and base metal properties in Peru. The company targets deposits of silver, lead, zinc, gold, and copper, with its flagship asset being the Corani silver-lead-zinc project, which encompasses twelve mineral concessions over approximately 6,000 hectares near Cusco. Bear Creek Mining was incorporated in 1999 and is headquartered in Vancouver, Canada. In addition to Corani, the company also holds full ownership of the Mercedes Mine, further enhancing its portfolio in the mineral resources sector.

Endeavour Silver

Post in 2024
Endeavour Silver Corp. is a Canadian mineral company focused on the evaluation, acquisition, exploration, development, and exploitation of silver mining properties primarily in Mexico and Chile. The company operates three producing silver-gold mines in Mexico: the Guanacevi Mine in Durango, the Bolanitos Mine in Guanajuato, and the El Compas Mine in Zacatecas. Endeavour Silver's core business activities are concentrated on the Guanacevi and Bolanitos mines, with El Compas also contributing to its production. In addition to its mining operations, Endeavour is actively engaged in exploration activities in Chile, with projects including the Aida, Paloma, and Cerro Marquez. The company's strategic focus on precious metals positions it as a notable player in the mining industry.

Osisko Mining

Post in 2023
Osisko Mining Inc. is a mineral exploration company based in Toronto, Canada, focused on the acquisition, exploration, and development of precious metal properties, primarily gold and silver. The company's flagship project is the Windfall Lake property, which encompasses 285 mining claims over approximately 12,467 hectares located in the Abitibi greenstone belt in Quebec. Established in 2010 and formerly known as Oban Mining Corporation, Osisko Mining aims to create value for its shareholders, employees, and local communities through responsible mining practices and adherence to corporate governance and ethical standards. In addition to the Windfall Lake project, the company also manages a portfolio that includes other significant properties, such as the Phoenix Properties.

Trident Royalties

Post in 2023
Trident Royalties is a growth-focused diversified mining royalty and streaming company that aims to enhance shareholder value through strategic transactions in various commodities. The company offers investors exposure to a broad range of mining assets, including precious metals, base metals, battery metals, and bulk materials, while deliberately excluding thermal coal. Unlike many of its peers that primarily concentrate on precious metals, Trident maintains a diverse portfolio that includes properties in production or nearing production, thereby providing a more comprehensive investment opportunity in the mining sector. Its operational segments encompass Precious, Bulk/Battery Metals, and Base, reflecting its commitment to a varied commodity approach.

Bear Creek Mining

Post in 2023
Bear Creek Mining Corporation is an exploration-stage company focused on the acquisition, exploration, and development of precious and base metal properties in Peru. The company targets deposits of silver, lead, zinc, gold, and copper, with its flagship asset being the Corani silver-lead-zinc project, which encompasses twelve mineral concessions over approximately 6,000 hectares near Cusco. Bear Creek Mining was incorporated in 1999 and is headquartered in Vancouver, Canada. In addition to Corani, the company also holds full ownership of the Mercedes Mine, further enhancing its portfolio in the mineral resources sector.

New Found Gold

Post in 2022
New Found Gold Corp. is a mineral exploration company based in Vancouver, Canada, that focuses on the identification, acquisition, and exploration of gold properties in Newfoundland and Labrador and Ontario. The company is primarily engaged in exploring for gold deposits and holds a significant interest in the Queensway project, which encompasses 86 mineral licenses and 6,041 claims across an area of 151,030 hectares near Gander, Newfoundland. Founded in 2016, New Found Gold aims to discover and delineate gold resources within its extensive land holdings.

Endeavour Silver

Post in 2022
Endeavour Silver Corp. is a Canadian mineral company focused on the evaluation, acquisition, exploration, development, and exploitation of silver mining properties primarily in Mexico and Chile. The company operates three producing silver-gold mines in Mexico: the Guanacevi Mine in Durango, the Bolanitos Mine in Guanajuato, and the El Compas Mine in Zacatecas. Endeavour Silver's core business activities are concentrated on the Guanacevi and Bolanitos mines, with El Compas also contributing to its production. In addition to its mining operations, Endeavour is actively engaged in exploration activities in Chile, with projects including the Aida, Paloma, and Cerro Marquez. The company's strategic focus on precious metals positions it as a notable player in the mining industry.

New Found Gold

Post in 2021
New Found Gold Corp. is a mineral exploration company based in Vancouver, Canada, that focuses on the identification, acquisition, and exploration of gold properties in Newfoundland and Labrador and Ontario. The company is primarily engaged in exploring for gold deposits and holds a significant interest in the Queensway project, which encompasses 86 mineral licenses and 6,041 claims across an area of 151,030 hectares near Gander, Newfoundland. Founded in 2016, New Found Gold aims to discover and delineate gold resources within its extensive land holdings.

Bear Creek Mining

Post in 2021
Bear Creek Mining Corporation is an exploration-stage company focused on the acquisition, exploration, and development of precious and base metal properties in Peru. The company targets deposits of silver, lead, zinc, gold, and copper, with its flagship asset being the Corani silver-lead-zinc project, which encompasses twelve mineral concessions over approximately 6,000 hectares near Cusco. Bear Creek Mining was incorporated in 1999 and is headquartered in Vancouver, Canada. In addition to Corani, the company also holds full ownership of the Mercedes Mine, further enhancing its portfolio in the mineral resources sector.

Argonaut Gold

Post in 2020
Argonaut Gold Inc. is a Canadian mining company focused on the exploration, development, and production of gold and silver deposits primarily in North America. Founded in 2007, the company operates several key assets, including the El Castillo mine and San Agustin mine in Durango, Mexico, which together comprise the El Castillo Complex. Additionally, Argonaut Gold owns the La Colorada mine in Sonora, Mexico, and the Florida Canyon mine in Nevada, USA. The company is also advancing its exploration projects, such as the Magino project in Ontario, Canada, and the Cerro del Gallo project in Guanajuato, Mexico, along with various other exploration-stage projects throughout North America. Headquartered in Reno, Nevada, Argonaut Gold continues to expand its portfolio in the gold mining sector.

Sabina Gold & Silver

Post in 2020
Sabina Gold & Silver Corp. is a mining company based in Vancouver, Canada, focused on the exploration and development of precious metal resources, primarily gold. The company's main assets include the Back River gold project, which encompasses several properties such as Goose, George, Boulder, and Boot, along with a port facility at Bathurst Inlet in southwestern Nunavut. Additionally, Sabina holds a silver royalty on the Hackett River project, which spans over 10,600 hectares in Nunavut. Established in 1966, the company aims to become a significant gold producer through the phased development of its projects in politically stable mining regions.

Bear Creek Mining

Post in 2020
Bear Creek Mining Corporation is an exploration-stage company focused on the acquisition, exploration, and development of precious and base metal properties in Peru. The company targets deposits of silver, lead, zinc, gold, and copper, with its flagship asset being the Corani silver-lead-zinc project, which encompasses twelve mineral concessions over approximately 6,000 hectares near Cusco. Bear Creek Mining was incorporated in 1999 and is headquartered in Vancouver, Canada. In addition to Corani, the company also holds full ownership of the Mercedes Mine, further enhancing its portfolio in the mineral resources sector.

Stornoway Diamond

Post in 2020
Stornoway Diamond Corporation is a prominent Canadian company focused on the mining, acquisition, and exploration of diamond properties. Established in 1986 and headquartered in Longueuil, Quebec, Stornoway's primary asset is the fully-owned Renard Mine, which is currently under construction and is set to become Quebec's first diamond mine. In addition to the Renard project, the company holds a portfolio of exploration assets across Canada, including properties and joint ventures such as Adamantin, Qilalugaq, and Pikoo. Stornoway aims to enhance its business through the continued exploration and development of its diamond mining operations.

Lumina Gold

Post in 2018
Lumina Gold Corp. is a Canadian exploration and development company based in Vancouver, focused on acquiring and evaluating precious and base metals in Ecuador. Established in 1988, the company primarily targets gold and copper deposits, with its principal project being the Cangrejos project. This project consists of 10 mineral concessions spanning approximately 6,373 hectares in El Oro Province, located in southwest Ecuador. Currently, the Cangrejos project is advancing towards a Pre-Feasibility Study and is recognized as the primary gold deposit in the country. Lumina Gold is managed by a team with extensive experience in advancing and monetizing exploration projects.

INV Metals

Post in 2017
INV Metals Inc., a mineral resource company based in Toronto, Canada, focuses on the exploration and development of precious and base metal projects, primarily in Ecuador. The company's main asset is the Loma Larga gold-copper-silver project, which spans approximately 7,960 hectares across three contiguous concessions in southwestern Cuenca, Ecuador. INV Metals is committed to excellence in technical, environmental, health, safety, and social practices, aiming to meet or exceed best practices for responsible and sustainable development. The company was incorporated in 2005 and formerly operated under the name International Nickel Ventures Corporation before changing its name in June 2010.

Alamos Gold

Post in 2017
Alamos Gold is a gold producer focused on low-cost production, financial performance, and delivering shareholder value. The company operates primarily in Canada and Mexico, with three operating mines: Young-Davidson and Island Gold in Canada, and Mulatos in Sonora, Mexico. Mulatos generates the majority of the company's revenue. Alamos Gold has built a reputation as a highly efficient and profitable mining company, driven by the strength and talent of its workforce. The company emphasizes sustainable development and is committed to contributing positively to the communities in which it operates, adhering to core values of respect, equality, honesty, and accountability. This focus on sustainable practices and community engagement is integral to Alamos Gold's strategy and success.

Guyana Goldfields

Post in 2016
Guyana Goldfields Inc. is a Canadian-based company engaged in the exploration and production of gold, primarily within the Guiana Shield of South America. Established in 1994 and headquartered in Toronto, the company has been actively operating in Guyana since 1996. It focuses on the acquisition, exploration, development, and operation of gold mineral properties, with its primary asset being the Aurora Gold Mine. The company also holds advanced exploration projects, including the Aranka Properties, and is dedicated to conducting ongoing exploration and development work in these areas. In 2020, Guyana Goldfields became a subsidiary of Zijin Mining Group Company Limited, reflecting its strategic positioning within the gold mining sector.

Klondex Mines

Post in 2016
Klondex Mines (TSX: KDX; NYSE MKT:KLDX) is on the path to building a leading integrated gold and silver producer focused in North Central Nevada. The company is producing from its Midas mine and operating an ongoing bulk sampling program at its Fire Creek high-grade gold project. Midas, Klondex's newly acquired operating mine and milling facility are located ~100 miles north of Fire Creek. Klondex's secondary focus is acquiring, exploring, and developing other gold and silver properties in Nevada. Currently, Klondex has three other gold exploration properties, and it reviews and considers other projects for inclusion.

Dundee Precious Metals

Post in 2016
Dundee Precious Metals Inc. is a Canadian international gold mining company focused on the acquisition, exploration, development, mining, and processing of precious metals. The company operates key projects, including Chelopech and Ada Tepe, located in Bulgaria. Through these initiatives, Dundee Precious Metals aims to enhance its production capabilities and contribute to the global precious metals market.

Sandstorm Gold Royalties

Post in 2016
Sandstorm Gold is a gold streaming and royalty company that offers upfront financing to gold mining firms in exchange for a percentage of the gold produced from their mines throughout the mine's operational life. The company has built a diverse portfolio comprising 160 streams and royalties, with 20 of these mines currently in production. Sandstorm operates across various regions, including North America, South America, Central America, Africa, and parts of Asia and Australia. Its portfolio features notable royalties from projects such as Hod Maden, Santa Elena, Chapada, Platreef, Greenstone, and Cerro Moro. Sandstorm aims to enhance its low-cost production profile by acquiring additional gold streams and royalties, thereby expanding its operational footprint in the gold mining sector.

Bear Creek Mining

Post in 2016
Bear Creek Mining Corporation is an exploration-stage company focused on the acquisition, exploration, and development of precious and base metal properties in Peru. The company targets deposits of silver, lead, zinc, gold, and copper, with its flagship asset being the Corani silver-lead-zinc project, which encompasses twelve mineral concessions over approximately 6,000 hectares near Cusco. Bear Creek Mining was incorporated in 1999 and is headquartered in Vancouver, Canada. In addition to Corani, the company also holds full ownership of the Mercedes Mine, further enhancing its portfolio in the mineral resources sector.

Primero Mining

Post in 2016
Primero Mining Corp. is a Canadian-based precious metals producer engaged in the acquisition, exploration, development, and operation of mineral resource properties primarily in Mexico. The company holds a 100% interest in the San Dimas gold-silver mine project and the Cerro del Gallo gold-silver-copper development project, alongside the Black Fox mine in Ontario, Canada. Primero Mining focuses on gold and silver exploration, emphasizing low-cost production and a substantial resource base in politically stable regions. Founded in 2007 and based in Toronto, it was originally known as Mala Noche Resources Corp. and rebranded in 2010. As of May 2018, Primero operates as a subsidiary of First Majestic Silver Corp.

Sabina Gold & Silver

Post in 2016
Sabina Gold & Silver Corp. is a mining company based in Vancouver, Canada, focused on the exploration and development of precious metal resources, primarily gold. The company's main assets include the Back River gold project, which encompasses several properties such as Goose, George, Boulder, and Boot, along with a port facility at Bathurst Inlet in southwestern Nunavut. Additionally, Sabina holds a silver royalty on the Hackett River project, which spans over 10,600 hectares in Nunavut. Established in 1966, the company aims to become a significant gold producer through the phased development of its projects in politically stable mining regions.

Sandstorm Gold Royalties

Post in 2015
Sandstorm Gold is a gold streaming and royalty company that offers upfront financing to gold mining firms in exchange for a percentage of the gold produced from their mines throughout the mine's operational life. The company has built a diverse portfolio comprising 160 streams and royalties, with 20 of these mines currently in production. Sandstorm operates across various regions, including North America, South America, Central America, Africa, and parts of Asia and Australia. Its portfolio features notable royalties from projects such as Hod Maden, Santa Elena, Chapada, Platreef, Greenstone, and Cerro Moro. Sandstorm aims to enhance its low-cost production profile by acquiring additional gold streams and royalties, thereby expanding its operational footprint in the gold mining sector.

Romarco Minerals

Post in 2015
Romarco Minerals Inc. is an exploration and development stage mining company focused on acquiring, exploring, and developing precious metals mineral properties in the United States. The company's flagship project is the Haile Gold Mine, located in southern Lancaster County, South Carolina, which is currently undergoing exploration drilling, a bankable feasibility study, and permitting. Additionally, Romarco is involved in the Pinos Gold District in Mexico, an advanced exploration stage area known for its high-grade epithermal vein deposits. Headquartered in Toronto, Canada, Romarco Minerals operates as a subsidiary of OceanaGold Corporation.

TMAC Resources

Private Equity Round in 2014
TMAC Resources Inc. is a Canadian mineral exploration and development company focused on gold mining. The company holds a 100% interest in the Hope Bay Project, which spans 1,101 square kilometers in the Kitikmeot region of western Nunavut Territory. Established in 2012 and headquartered in Toronto, TMAC Resources aims to explore, develop, and mine the significant resource potential of the Hope Bay greenstone belt, which is recognized as a promising site for future gold production. The company is committed to responsible and economically sustainable practices in its mining operations.

Detour Gold

Post in 2014
Detour Gold Corporation is a Canadian intermediate gold producer that operates the Detour Lake mine, a large-scale open-pit operation located in northeastern Ontario. This mine is recognized as the second largest gold-producing site in Canada and holds the largest gold reserves in the country. The Detour Lake mine spans approximately 625 square kilometers of mining claims and leases, situated about 300 kilometers northeast of Timmins. Detour Gold is focused on delivering sustainable returns through its growing cash flow, organic growth initiatives, and extensive exploration potential within its land holdings. The company prioritizes responsible mining practices, adhering to high safety and environmental standards while maintaining a strong commitment to the surrounding communities.

Detour Gold

Post in 2013
Detour Gold Corporation is a Canadian intermediate gold producer that operates the Detour Lake mine, a large-scale open-pit operation located in northeastern Ontario. This mine is recognized as the second largest gold-producing site in Canada and holds the largest gold reserves in the country. The Detour Lake mine spans approximately 625 square kilometers of mining claims and leases, situated about 300 kilometers northeast of Timmins. Detour Gold is focused on delivering sustainable returns through its growing cash flow, organic growth initiatives, and extensive exploration potential within its land holdings. The company prioritizes responsible mining practices, adhering to high safety and environmental standards while maintaining a strong commitment to the surrounding communities.

Guyana Goldfields

Post in 2013
Guyana Goldfields Inc. is a Canadian-based company engaged in the exploration and production of gold, primarily within the Guiana Shield of South America. Established in 1994 and headquartered in Toronto, the company has been actively operating in Guyana since 1996. It focuses on the acquisition, exploration, development, and operation of gold mineral properties, with its primary asset being the Aurora Gold Mine. The company also holds advanced exploration projects, including the Aranka Properties, and is dedicated to conducting ongoing exploration and development work in these areas. In 2020, Guyana Goldfields became a subsidiary of Zijin Mining Group Company Limited, reflecting its strategic positioning within the gold mining sector.

Sandstorm Gold Royalties

Post in 2012
Sandstorm Gold is a gold streaming and royalty company that offers upfront financing to gold mining firms in exchange for a percentage of the gold produced from their mines throughout the mine's operational life. The company has built a diverse portfolio comprising 160 streams and royalties, with 20 of these mines currently in production. Sandstorm operates across various regions, including North America, South America, Central America, Africa, and parts of Asia and Australia. Its portfolio features notable royalties from projects such as Hod Maden, Santa Elena, Chapada, Platreef, Greenstone, and Cerro Moro. Sandstorm aims to enhance its low-cost production profile by acquiring additional gold streams and royalties, thereby expanding its operational footprint in the gold mining sector.

Dalradian Resources

Post in 2012
Dalradian Resources Inc. is a company focused on the acquisition, exploration, and development of mineral properties, with a primary emphasis on gold and silver ores. The company operates primarily in Northern Ireland, where it is developing the Curraghinalt project and holds a 100% interest in multiple mineral prospecting licenses and mining lease option agreements covering approximately 84,000 hectares in the counties of Tyrone and Londonderry. Additionally, Dalradian has interests in properties located in Norway. Originally incorporated in 2009 under the name SA Resources Inc., the company rebranded to Dalradian Resources Inc. in April 2010 and is headquartered in Toronto, Canada.

Detour Gold

Post in 2012
Detour Gold Corporation is a Canadian intermediate gold producer that operates the Detour Lake mine, a large-scale open-pit operation located in northeastern Ontario. This mine is recognized as the second largest gold-producing site in Canada and holds the largest gold reserves in the country. The Detour Lake mine spans approximately 625 square kilometers of mining claims and leases, situated about 300 kilometers northeast of Timmins. Detour Gold is focused on delivering sustainable returns through its growing cash flow, organic growth initiatives, and extensive exploration potential within its land holdings. The company prioritizes responsible mining practices, adhering to high safety and environmental standards while maintaining a strong commitment to the surrounding communities.

Kaminak Gold

Post in 2011
Kaminak Gold is a Canada-based exploration-stage company dedicated to the development of mineral properties, with a primary focus on its Coffee Gold Project. This project is located in the Yukon Territory, south of Dawson City, and is noted for being a multi-million ounce, high-grade oxide gold district. Kaminak Gold holds a 100% interest in the Coffee Gold Project, which is designed to be amenable to heap leaching, a process used in gold extraction. The company's activities are centered around advancing this significant mineral asset.

Romarco Minerals

Post in 2011
Romarco Minerals Inc. is an exploration and development stage mining company focused on acquiring, exploring, and developing precious metals mineral properties in the United States. The company's flagship project is the Haile Gold Mine, located in southern Lancaster County, South Carolina, which is currently undergoing exploration drilling, a bankable feasibility study, and permitting. Additionally, Romarco is involved in the Pinos Gold District in Mexico, an advanced exploration stage area known for its high-grade epithermal vein deposits. Headquartered in Toronto, Canada, Romarco Minerals operates as a subsidiary of OceanaGold Corporation.

Detour Gold

Post in 2010
Detour Gold Corporation is a Canadian intermediate gold producer that operates the Detour Lake mine, a large-scale open-pit operation located in northeastern Ontario. This mine is recognized as the second largest gold-producing site in Canada and holds the largest gold reserves in the country. The Detour Lake mine spans approximately 625 square kilometers of mining claims and leases, situated about 300 kilometers northeast of Timmins. Detour Gold is focused on delivering sustainable returns through its growing cash flow, organic growth initiatives, and extensive exploration potential within its land holdings. The company prioritizes responsible mining practices, adhering to high safety and environmental standards while maintaining a strong commitment to the surrounding communities.

Bear Creek Mining

Post in 2010
Bear Creek Mining Corporation is an exploration-stage company focused on the acquisition, exploration, and development of precious and base metal properties in Peru. The company targets deposits of silver, lead, zinc, gold, and copper, with its flagship asset being the Corani silver-lead-zinc project, which encompasses twelve mineral concessions over approximately 6,000 hectares near Cusco. Bear Creek Mining was incorporated in 1999 and is headquartered in Vancouver, Canada. In addition to Corani, the company also holds full ownership of the Mercedes Mine, further enhancing its portfolio in the mineral resources sector.

Detour Gold

Post in 2010
Detour Gold Corporation is a Canadian intermediate gold producer that operates the Detour Lake mine, a large-scale open-pit operation located in northeastern Ontario. This mine is recognized as the second largest gold-producing site in Canada and holds the largest gold reserves in the country. The Detour Lake mine spans approximately 625 square kilometers of mining claims and leases, situated about 300 kilometers northeast of Timmins. Detour Gold is focused on delivering sustainable returns through its growing cash flow, organic growth initiatives, and extensive exploration potential within its land holdings. The company prioritizes responsible mining practices, adhering to high safety and environmental standards while maintaining a strong commitment to the surrounding communities.
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