We are miners first and foremost, backed by a single, well-funded and globally recognized private investor in Elliott Management Corporation. Our expertise, combined with Elliott’s full support and long-term focus, enables us to move rapidly and discreetly to offer bespoke and non-traditional financing solutions. We look beyond the short-term volatility and often fickle public market view and sentiment of the commodity cycle.
Shaun Usmar is an international mining executive with extensive experience in transactions, business integration, financial management and reporting, strategy development, restructuring, and turnarounds. In late April 2016, he decided to leave Barrick Gold in his role as Senior Executive Vice President and Chief Financial Officer in order to found Triple Flag Mining Finance. During his time at Barrick, Shaun helped drive the financial transformation of the business, paying down over $4 billion of debt, dramatically lowering the cash flow breakeven price outlook for the business which allowed Barrick to generate cash flow for the first time in four years despite weaker gold prices, revamped the capital allocation and planning processes, and restructured the global finance, risk and IT capabilities.
Shaun joined Xstrata as a founding member of the leadership team that grew the company into one of the world’s largest diversified miners at the time of its acquisition by Glencore. He was Chief Financial Officer of Xstrata Nickel, a business encompassing exploration, mining, smelting, and refining activities on five continents. He also served as Chief Financial Officer of Xstrata Alloys in South Africa, the world’s largest ferrochrome producer, and General Manager of Business Development for Xstrata plc in London. Prior to joining Xstrata, Shaun worked in Finance and Business Development roles at BHP Billiton, and production engineering roles in the aluminum and steel industries.
Shaun holds a Bachelor of Science in Metallurgy and Materials from the University of Witwatersrand in South Africa, and an MBA from the Kellogg School of Management at Northwestern University, both with distinction.
Jaco Crouse was appointed Chief Financial Officer in September 2016. He is a seasoned financial professional with extensive experience in financial management and reporting, mine financial planning, business optimization and strategy development. Prior to joining Triple Flag, he was a partner and Vice President Business Planning and Optimization at Barrick. Mr. Crouse joined Xstrata Alloys in 2002, the world’s largest ferrochrome producer, and went on to join Xstrata Nickel in 2007 post the acquisition of Falconbridge, to integrate and optimize the nickel business unit. He also fulfilled the role of Asset Manager at Glencore post the merger in 2013 and was responsible for integrating the nickel marketing offices. Mr. Crouse is a Chartered Accountant and holds a Bachelors of Commerce degree from the University of South Africa.
Mr. Polk is a mining engineer with 25 years of experience in mine operations, technical services, due diligence and consulting for both underground and open pit mines in a variety of commodities at mines and projects around the world. He is an expert in resource to reserve conversion as a qualified person for technical reports and as a corporate technical representative at operating mines and development projects. Allan recently worked at Forbes and Manhattan as the Vice President of Mining, Pan American Silver Corporation as the Director of Mining Engineering and he was a Principal Engineer at Snowden Mining Industry Consultants in Vancouver.
As General Counsel, Sheldon is responsible for oversight of all of Triple Flag’s legal matters. Prior to joining Triple Flag, he was Assistant General Counsel at First Quantum Minerals Ltd., and Senior Director, Legal Affairs at Inmet Mining Corporation. Prior to joining Inmet, he was a corporate and securities partner at Blake, Cassels & Graydon LLP in Toronto, Canada. Sheldon holds a law degree from the University of Western Ontario (gold medallist) and a Bachelor of Commerce (Honours) from Queen’s University.
Steve is a finance professional with over 6 years of experience in equity research in the mining and natural resources sector. Prior to joining Triple Flag, he worked in Global Mining Research at RBC Capital Markets where he was part of a team covering base metals mining companies. He also previously held roles at Merrill Lynch Canada and the Marquee Group. Steve is a CFA charterholder and an Accredited Financial Modeler (AFM) and holds a Master of Business Administration from the Rotman School of Management and a Bachelor of Applied Science in Mechanical Engineering from the University of Toronto.
Andrew previously worked for TD Securities where he spent five years in the investment banking group supporting clients across the global metals and mining sector. He advised on a number of M&A and capital markets transactions as well as corporate development initiatives for companies in the precious metals, base metals and uranium sectors. Andrew holds a Bachelor of Commerce (Honours) from Queen’s University.
James Dendle is a Resource Geologist with a broad background in estimating and auditing resources and reserves, multi-disciplinary due diligence and technical studies. Prior to joining Triple Flag, he was a Senior Consultant at SRK Consulting (UK). James holds a Bachelor of Science in Applied Geology (1st Class Honours) and a Master of Science in Mining Geology (Distinction) from the University of Exeter, Camborne School of Mines, and is Chartered Geologist of the Geological Society of London.