John Morgan, B.Sc.

John Morgan, B.Sc.

John R Morgan is a retired mining executive with over 40 years of experience including managing both domestic and international mining operations and companies. His experience includes direction of public and privately owned organizations as well as an internationally owned joint venture. In mine operations he has successfully increased profitability through raising production levels and product quality, while reducing unit costs and also improving both safety performance and environmental compliance.

Mr. Morgan was President of Atlantic Gold Corporation until July of 2016 and was instrumental in the acquisition of the Moose River Consolidated assets in Nova Scotia. He was involved in the preparation of feasibility studies, financing through both debt and equity raises and the placement of a C$ 87 million fixed price EPC contract for the construction of the gold project prior to his retirement in July of 2016. The project was completed on time and on budget and was opened in the fall of 2017. Atlantic Gold Corporation announced in May of 2019 that it was being acquired by St. Barbra Ltd., an Australian company, for an implied enterprise value of C$ 802 million.

During his career, Mr. Morgan has worked in the gold and coal sectors including four years in western Venezuela operating Paso Diablo, a seven million tonne per year export coal operation. The project was a joint venture owned at that time by the national oil company Petroleos de Venezuela, Anglo American and RAG from Germany.

In 2011 Mr. Morgan was a member of the Special Committee of the Board which recommended the acceptance of an offer by Winsway Coking Coal Holdings Ltd. and Marubeni Corp. to acquire Grand Cache Coal Corp for approximately C$1 billion, representing a 70 percent premium over the pre-announcement share price.

Mr. Morgan also has experience in Costa Rica, Nicaragua, Brazil and several other countries in Central and South America in exploration, site evaluations and mine development.

Following graduation with a B.Sc. in Geology from the University of British Columbia his early career was spent with Manalta Coal Ltd. which was part of the Mannix group of companies. Ultimately he was responsible for the operation of seven coal operations in Western Canada producing over 26 million tonnes per year. The company was sold in 1997 as an income trust generating C$ 870 million for the shareholders.

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