Garth A. C. MacRae (Chairman of the Board and
Chair, Corporate Governance and Nominating Committee) (1)(3)(4)
Ontario, Canada
Mr. MacRae has been a director since 1993.
Mr. MacRae was Vice Chairman, Dundee Corporation (1994-2008); President, Dundee Bancorp Inc. 1991-1994); Executive Vice President, Finance, Denison Mines Limited (1984-1987); Vice President, Finance, Brinco Limited (1979-1984); Comptroller, Treasurer, Vice President Finance, Hudson Bay Mining and Smelting Limited (1969-1979); Public Accounting (1966-1969); Secretary Treasurer of Canadian Finance and Investments Ltd. (1965-1966) and Public Accounting, Deloitte Haskins & Sells (now Deloitte & Touche LLP) (1952-1964).
Mr. McRae became a Chartered Accountant in Ontario in 1970 and in Manitoba in 1957.
In addition to being a director of Breakwater Resources Ltd., Mr. MacRae is a director of several publicly-traded companies.
Grant A. Edey (Chair, Audit Committee) (1)(2)
Ontario, Canada
Mr. Edey was appointed to the board in 2005.
Mr. Edey was Chief Financial Officer of IAMGOLD Corporation from January 1, 2003 to July 1, 2007 and continued as Senior Vice President, Finance until October 2007 at which point he retired from that corporation. From 1996 until 2002 Mr. Edey was the Vice President, Finance, Chief Financial Officer and Corporate Secretary of Repadre Capital Corporation.
Mr. Edey has a Master of Business Administration from the Ivey School of Business, University of Western Ontario (1975) and a Bachelor of Science (Mining Engineering) from Queen's University (1971).
In addition to being a director of Breakwater Resources Ltd., Mr. Edey is a director of Baffinland Iron Mines Corporation and Khan Resources Inc.
Joanne Ferstman (1)
Ontario, Canada
Ms Ferstman was elected to the board on June 22, 2007
Ms Ferstman has served with Dundee Corporation and its subsidiaries since 1998 and brings a wealth of experience in the financial service industry to her position. Ms Ferstman is the Executive Vice President, Corporate Secretary and Chief Financial Officer of Dundee Corporation, and Executive Vice President and Chief Financial Officer of DundeeWealth Inc. She also holds the position of Chief Financial Officer of Dundee Realty Corporation. Prior to joining Dundee Corporation, Ms. Ferstman spent four years as Chief Financial Officer for a national securities firm and five years with Ernst & Young. Ms. Ferstman is an independent trustee of Aeroplan Income Fund and has served in that capacity since the Fund's IPO in 2005. Ms Ferstman is also a Director of Dundee Real Estate Investment Trust. In addition, she sits on a number of private company boards within the Dundee organization. Ms. Ferstman holds a Bachelor of Commerce degree from McGill University and is a Chartered Accountant.
Jonathan C. Goodman (Chair, Environmental, Health and Safety Committee) (2)(3)
Ontario, Canada
Mr. Jonathan Goodman was appointed to the board in 1999.
Mr. Goodman is the President and Chief Executive Officer, Dundee Precious Metals Inc.,
Director since 1993.
Mr. Goodman has over 20 years experience in the resource and investment industry, working as a geologist, senior analyst, portfolio manager and senior executive.
Mr. Goodman joined Goodman & Company, Investment Counsel Ltd. in 1990, where he was responsible for the selection of Canadian equities and played a major role in developing asset allocation strategies, before
becoming the company’s President. He is also a founder of Goepel Shields and Partners, an investment firm.
Mr. Goodman graduated from the Colorado School of Mines as a Professional Engineer and holds a Master of Business Administration from the University of Toronto. He is also a Chartered Financial Analyst, and is a director of several publicly-traded resource companies.
Ned Goodman (5)
Ontario, Canada
Mr. Ned Goodman was appointed to the board in 2004.
Mr. Goodman is considered one of the leading architects of Canada’s investment management industry and an outstanding member of the country’s philanthropic community. Born in Montreal, Mr. Goodman combined his geological background with business acumen in a unique approach to investment management and wealth creation that over the last 40 years has led to the establishment of the Dundee group of companies.
Mr. Goodman is President and Chief Executive Officer of Dundee Corporation and Chairman of its subsidiary, DundeeWealth Inc. He is the founder or cofounder of Dundee Precious Metals Inc., Dundee Bank of Canada, CMP Funds, Dundee Realty Corporation and Dundee Resources Limited, Goodman & Company Investment
Counsel, Dynamic Funds and Dundee Securities. He has over four decades of experience as a securities analyst, asset manager, senior executive, and as an investor. He has an established reputation as one of Canada’s most successful investment counselors.
Through Dundee Corporation and its various subsidiaries, Mr. Goodman oversees the provision of investment solutions as well as capital markets and advisory services for financial advisors, institutions, corporations, foundations and private clients. Dundee Group oversees over $60 billion in assets under management and administration. Mr. Goodman is the Chancellor of Brock University and the founder and benefactor of the Goodman Institute of Investment Management, a graduate school for investment management at Concordia University, where he serves as an Adjunct Professor and as a member of the Associates of the Chancellor.
Innovation remains at the centre of Ned Goodman’s investment philosophy, his style of management and of client counsel. It characterizes the culture for his corporate exercise as well as his regard for citizenship and the role leaders in the community must play in a modern society shaped increasingly by its own choices.
He is actively involved and a benefactor in various philanthropic activities. He is Chairman Emeritus of the Canadian Council of Christians and Jews, a Governor of Junior Achievement and a Co-Chair, “A Mind To Give Campaign”, for the Heart and Stroke Foundation. He is also a founding director of the Roasters Foundation, the Jodamada Foundation and the Dynamic Fund Foundation.
Mr. Goodman is a geologist and has a Bachelor of Science degree from McGill University and a Master of Business Administration from the University of Toronto. He earned the designation of Chartered Financial Analyst in 1967. In 1997, he was awarded a Doctorate of Laws, honoris causa, by Concordia University. He was named Entrepreneur of the Year in 2004 and Developer of the Year in 1989. In November 2005
he was honoured with the Career Achievement Award at the 11th annual Canadian Investment Awards.
John W. Ivany
Alberta, Canada
Mr. Ivany was elected to the board on June 22, 2007.
Mr. Ivany was Executive Vice President of Kinross Gold Corporation from June 1995 to May 2006 at which point he retired from that corporation. In 1972 Mr. Ivany entered the mining business when he joined Noranda as a lawyer; in October 1987 he became Noranda's Vice President and General Counsel. From 1990 to September 1993 Mr. Ivany was Executive Vice President of International Corona Corp. and from September 1993 to June 1995 Mr. Ivany was President of St. Philips Resources and Summo Copper Corp.
In addition to being a director of Breakwater Resources Ltd., Mr. Ivany is a director of Allied Nevada Gold Corp. and B2Gold Corp.
W. Murray John (Chair, Hedging Committee)
Ontario, Canada
Mr. John was elected to the board on June 22, 2007.
Mr. John is the President and CEO of Dundee Resources Ltd. Prior thereto, Mr. John held the following positions:
- Mining Investment Banker, Dundee Securities Corporation (1999-2006)
- Portfolio Manager, Goodman and Company (1997-1999)
- Mining Research Analyst, Goodman and Company (1993-1996)
- Initially, Project Manager and later Project Superintendent, Strathcona Mineral Services Ltd. (1989-1991)
- Senior Mining Engineer, Muscocho Explorations Ltd. (1988-1989)
- Project Manager, Strathcona Mineral Services Ltd. (1987-1988)
- Initially, Mining Engineer, then Chief Engineer and later acting Mine Superintendent, Nanisivik Mines Limited (1982-1987
- Initially, Engineer-In-Training Manager and later Engineer, Eldorado Nuclear Limited (1981-1982)
Mr. John has 10 years mining engineering experience in engineering technical services, operations and project evaluation on base metals and gold projects. He has 15 years of resource focused financial services experience including: research analysis for buy and sell side institutions; new issue corporate finance; mergers and acquisitions advisory and transaction analysis; private equity finance; and fund management.
Mr. John has a Masters Business Administration, University of Toronto (1993) and a Bachelor of Science (Mining Engineering), ACSM Camborne School of Mines, UK (1980).
In addition to being a director of Breakwater Resources Ltd., Mr. John is a director of several publicly-traded resource companies.
George E. Pirie (2)(4)
Ontario, Canada
Mr. Pirie was appointed to the board in 2005 and is the President and Chief Executive Officer of Breakwater Resources Ltd.
Mr. Pirie has 28 years experience in the mining business. In 1980 he was with Pamour Porcupine Mines, a division of Noranda and then joined Dome Mines Limited in 1985. In 1991 he was transferred to Vancouver Corporate Offices of Placer Dome Inc. Mr. Pirie held various progressive positions in various divisions over approximately 20 years with Placer, such as Administration Superintendent at the Detour Lake mine, Commercial Manager for North America, Chief Financial Officer for Placer Dome North America, Chief Financial Officer and acting President and CEO for Placer Dome Canada, and finally, Executive Vice President of Placer Dome Inc. and President and CEO of Placer Dome Canada.
Mr. Pirie has an Honours Bachelor of Commerce degree, Laurentian University.
A. Murray Sinclair (Chair, Compensation Committee) (3)(5)
British Columbia, Canada
Mr. Sinclair was appointed to the board in 1992.
Mr. Sinclair is currently the Co-Chairman and a director of Quest Capital Corp., a mortgage investment corporation listed on the TSX, AMEX and AIM. Prior to his current position as Co-Chairman, from 2002 – 2007 he was the Managing Director of QCC. Mr. A. Murray Sinclair has extensive knowledge in areas of asset backed lending, real estate, corporate restructuring and natural resources. He is also a director and officer of several other public companies. Mr. Sinclair received his Bachelor of Commerce degree from Queen's University and is Co-Chairman of Quest Capital Corp since January 1, 2008; Director of Ionic Management Corp. (formerly, Quest Management Corp.) since 1996.
(1) Audit Committee member
(2) Environment, Health and Safety Committee member
(3) Corporate Governance and Nominating Committee member
(4) Hedging Committee member
(5) Compensation Committee member