Corporate Governance & Board of Directors of Commonwealth Silver, Canada

Information About Commonwealth Silver, Canada

Corporate Governance

As a private company, Commonwealth Silver strives to set itself apart by undertaking a commitment to corporate governance on par with companies publicly listed on the Toronto Stock Exchange. We aim to earn and retain the trust of potential and existing shareholders alike. Our governance practices reflect the structure and processes we believe should be inherent in all companies with a responsibility to shareholders, whether public or private. As governance standards change, and our Company grows, these practices will be assessed and modified as required.

Board of Directors

Our Board consists of six directors. Four of these directors including the Chair, comprising a majority of the Board, are independent of management and free from any interest or business that could materially interfere with their ability to act in the Company’s best interests. The Board is ultimately responsible for overseeing the management of the business and affairs of the Company and, in doing so, is required to act in the best interests of the Company. The Board discharges its responsibilities either directly or through three committees, all of which are comprised entirely of independent directors:

Audit Committee
Nominating and Corporate Governance
Compensation Committee
  • Julian Kemp – Chair
  • Daniella Dimitrov
  • Thomas Rinaldi
  • Daniella Dimitrov – Chair
  • Julian Kemp
  • Thomas Rinaldi
  • Daniella Dimitrov – Chair
  • Julian Kemp
  • Thomas Rinaldi



Investor Information Board of Directors – Commonwealth Silver, Canada

Board of Directors – As per Commonwealth Silver, Canada

Daniella Dimitrov, B.A., LL.B., MBA – Chair

Ms. Dimitrov has over 18 years of broad capital markets, commercial and operational experience. She currently serves as CFO of Orvana Minerals Corp., a position she has held from June 2012 to present. Ms. Dimitrov has previously held various consulting roles in the mining industry since 2009, including director and Vice Chair of Baffinland Iron Mines. Ms. Dimitrov’s former positions include Senior Vice President, Strategic Initiatives of Raymond James Ltd. from 2006 to 2008 and Chief Operating Officer of Dundee Securities from 2005 to 2006. She is currently a director of Aldridge Minerals Inc. Ms. Dimitrov has a Bachelor of Laws from the University of Windsor and recently completed an Executive MBA at Kellogg School of Management and Schulich School of Business.

Michael Farrant, B.Comm., CPA, CA

Mr. Farrant has over 16 years experience in gold mining, including President and CEO of Sierra Minerals Inc. (now Goldgroup Mining Inc.), a TSX-listed Mexican gold producer, CFO of junior gold producers, Vice President and Treasurer and Operations Controller with Kinross Gold Corporation (3 years) and Corporate Controller with Barrick Gold Corporation (6 years). He completed two business combinations in four years creating Goldgroup Mining Inc. (TSX:GGA) and Castle Gold Corporation, subsequently acquired by Argonaut Gold Inc. (TSX:AR). He received a Bachelor of Commerce (Honours) from Queen’s University in 1992 and earned his CA in 1995 while with Coopers & Lybrand. He is currently a director and chair of the audit committee of Everton Resources Inc. (TSX-V: EVR).

Hall Stewart, B.Sc., C.P.G., R.G.

Mr. Stewart brings to the Company more than 25 years of international experience in specialized cartography, mineral exploration and resource development, and a track record that includes leading roles in the discovery of several gold-silver mines in Mexico. From 1996 to 2002, Mr. Stewart was Project Geologist for a number of exploration companies in the Ocampo district of Chihuahua State, including 4 years as Chief Geologist for Gammon Lake Resources Inc. (now AuRico Gold Inc.). In 2003, Mr. Stewart identified and helped acquire the Palmarejo project in Chihuahua, Mexico, subsequently working through the discovery and development phases. Palmarejo is now the flagship silver and gold mine of Coeur Mining, Inc. Most recently, he served as Vice President, Exploration for Nayarit Gold Inc. which was then acquired by Capital Gold Corporation. Mr. Stewart received a Bachelor of Science from the University of Arizona in 1983 and is a Registered Geologist in the State of Arizona.

Julian Kemp, B.B.A., CPA, CA, C. Dir.

Mr. Kemp has over 25 years experience in the mining industry, primarily serving in senior financial and administrative management roles. He also has over 10 years experience serving as  a corporate director with numerous public companies.  His experience includes North American and international operations with precious metals, base metals and coal projects.  Throughout his career, he has focused on financing, restructuring and transforming exploration and development companies into producers.  He most recently served as Vice President, Finance and Chief Financial Officer of Fortune Minerals Limited, a position he held from 2004 to January 2014.  Mr. Kemp is currently a director and Audit Committee Chairman of Rubicon Minerals Corporation (TSX:RMX; NYSE:RBY) and a director of Marathon Gold Corporation (TSX:MOZ). Mr. Kemp is a Chartered Accountant and holds a Bachelor of Business Administration degree from Wilfred Laurier University.

Thomas Rinaldi, B.Sc.

Mr. Rinaldi currently works in Zambia as the General Manager Technical & Projects for Konkola Copper Mines Plc, an integrated copper producer and subsidiary of FTSE-listed Vedanta Resources Plc. He is a mining engineer with 28 years of management and engineering experience in precious and base metals and industrial minerals. From 2006 to 2008 he was Vice President, Operations at Candente Resource Corporation (TSX: DNT) and then served as Vice President, Operations at Fortune Minerals Limited from 2008 to 2012. His experience covers open pit and underground mining, mineral processing including significant heap leaching experience with gold and copper, metallurgy, preliminary economic assessment work, mine design and development and reclamation. Mr. Rinaldi received a B.Sc. in Mining Engineering from the University of Arizona in 1983.

Robert Hatch, B.A.

Mr. Hatch is a consulting geologist with over 30 years of experience with junior mining and exploration companies in the United States and internationally. From 2003 to 2005 he served as Vice President, Exploration of Romarco Minerals Inc. (TSX: R) and is currently President and Owner of two privately-held Nevada mining companies. His experience also includes 11 years as an exploration geologist and manager with Homestake Mining Company. Mr. Hatch received a B.A. in Geology from California State University, Fullerton in 1976.