Our Approach
Our purpose is to deliver critical metals to the European Union, which seeks reliable and unhindered access to raw materials, like gold and copper, from within the EU. We will do this whilst also driving socio-economic value for our people, partners and the communities in which we operate.
To deliver our commitment to our stakeholders, we have clear Environmental, Social and Governance (ESG) commitments that are aligned with internationally recognized standards and goals, and continuously engage with local residents and all levels of government.
Our mission is to responsibly develop a first-class EU-based gold and copper operation that supports the European Union’s plan to cut its dependence on China for raw materials and maximise stakeholder returns.
We have secured our social licence to operate by operating true to our values
Engage
We believe that regular and meaningful engagement has been key to progressing RVP to this stage and we are committed to continuing this level of communication.
Protect
We respect and protect the environment in which we operate. Our low-impact mining approach minimizes our effect on the physical environment and, through our forestation program, we will increase the amount of forest by 300% (currently estimated at 80 hectares deforested and 240 Ha of new forests to be planted).
Benefit
Our positive impact must be long term. We will maximise our socio-economic benefits to the local communities through payment of mining royalties and taxes, local procurement of services and goods, and the generation of 1,500 to 2,000 new jobs.
Our Business Model
Unlocking value through the responsible development of one of the largest gold-copper projects in the European Union
Euro Sun Mining will create long-term value for all of our stakeholders through the responsible development of the Rovina Valley Project.
This asset is highly leveraged to gold and copper prices while maintaining low AISCs ($790/AuEq oz in years 1-10 and $813 LOM as per 2021 DFS) and has customers in the EU, which seeks to become less dependent on regions like Africa, Asia and South America for its critical metals.
RVP will also produce a clean, high-grade copper concentrate, which is ideal for European smelters, and our customers will be countries in the European Union that seek to take control of their supply chain and source critical metals from local mining jurisdictions, like Romania, which are governed by the rule of law, a transparent financial system, and have a Mining Code that provides general principles of transparency and free competition.
Euro Sun Mining will create a positive range of outcomes for stakeholders in line with our commitments to the United Nations Sustainable Development Goals.
Our Strategy
To produce critical metals from our asset located in the EU to meet the increasing demand from European markets, which are taking steps to become more self-sufficient and cut their reliance on countries such as China for strategic resources. There is currently a short supply of copper and gold produced within Europe, and ESM is well placed to help fill that gap.
Our near-to medium term strategy is to complete the development and construction of the Rovina Valley Project. To achieve this objectives and further de-risk the project, we will receive the PUZ (re-zoning plan), Environmental Impact Assessment (EIA) and construction license as well as secure project financing and finalisation of offtake agreements.
Our long-term strategy is to responsibly operate one of Europe’s largest gold-copper mines.
Strategic Environmental Assessment (SEA), Environmental Social Impact Assessment (ESIA)
Our Leadership
Scott Moore B.A MBA
President & Chief Executive Officer
Mr. Moore is a business executive with over 30 years of experience in the resource and durable goods sectors. He is the former President and CEO of Dacha Strategic Metals, former Director of Avion Gold and former EVP of Sulliden Gold. Mr. Moore holds a Bachelor of Arts degree from the University of Toronto and an MBA from the Kellogg School of Management.
Daniel Maguran, B. Eng, M. Eng, P. Eng
Managing Director/ Technical Director Romania
Mr Maguran has over 23 years’ experience in mining, oil & gas, He has international project experience across Africa, Canada, South America, Europe, and the United States. As Senior Project Manager, Daniel is responsible for delivering projects, leading, and coordinating teams of multi-disciplinary engineers and designers to successfully deliver projects Daniel is a mechanical engineer with a master’s degree in mechanical engineering, graduate of the University of Timisoara, in Romania, a registered professional engineer in Canada and has 2 certificates in Project Management from the University of Montreal, Canada.
Paul Bozoki, CA, MBA
Chief Financial Officer
Mr. Bozoki has over 20 years of accounting, tax and corporate finance experience in Canada and Europe. He is the former CFO of CD Capital Partners, a privately held real estate development firm focused on developing mixed use retail and office real estate in Russia, Ukraine and Romania, and former CFO of MAVA Investment Ltd., a private equity firm based in Budapest, Hungary with two funds under management and US$110 million of committed capital.
Mr. Bozoki is experienced in matters of international taxation and foreign capital markets and began his career at Ernst & Young LLP where he spent six years auditing clients in mining and other industries in Canada, Australia and Hungary.
Sam Rasmussen, B. Eng
Chief Operating Officer
Since graduating from the Colorado School of Mines, Mr. Rasmussen has accumulated over 25 years of experience in building and operating large tonnage mines for international miners such as Glencore, Lundin Mining, Freeport McMoRan and Anglo American.
As CEO of the Kamoto Copper mine in the Democratic Republic of Congo, Sam was responsible for all site operations, and completion of construction of a 300,000 tonnes per annum copper cathode facility and 40,000 tonnes per annum cobalt hydroxide facility.
As general manager, operations, for Freeport McMoRan Copper and Gold Tenke Fungurume operations, he was responsible for the management of the feasibility study, engineering, EPCM contractor and greenfield construction of this $1.8 billion project in the Democratic Republic of Congo. The mine is a large-scale copper cathode and cobalt hydroxide producer.
Brad Humphrey B.A
Vice President Corporate Development
Mr. Humphrey has over 20 years of international mining experience, predominantly as a precious metals analyst. Mr. Humphrey formerly worked for Morgan Stanley Research as an Executive Director and North American Precious Metals Analyst, where he was responsible for growing Morgan Stanley’s North American Gold research coverage. Prior to joining Morgan Stanley he was a Managing Director and Head of Mining Research at Raymond James and covered precious metals equities at CIBC World Markets and Merrill Lynch. Before starting his equity research career, Mr. Humphrey held a variety of roles from Corporate development to contract underground miner. Mr. Humphrey holds a Bachelor of Commerce from the University of Guelph.
Global governance experience and proven track record
Management has a proven ability in developing and permitting and constructing mines in various jurisdictions.
Management also has a proven track record in financing large scale mining projects with a combination of debt and equity required to achieve minimal dilution and risk mitigation for success and listed company experience.
Governance and Policies
Euro Sun Mining expects its employees, officers, and directors to conduct themselves according to the highest level of integrity and ethics. The company is committed to creating sustainable long-term value for its stakeholders, which is achieved by adhering to good corporate governance practices.
Euro Sun Mining has established a set of expectations and standards for the Company and its personnel with respect to ethical business practices, personal conduct, environmental, safety, and occupational health practices, competition and fair dealings, and disclosure of information.
These policies are available upon request at info@eurosunmining.com
Charters, codes and policies
Constating Documents