Capital readiness and sequencing
Define sources and uses, the funding gap, liquidity runway and decision milestones. Sequence bridge, restart, working capital, expansion and permanent capital in line with the operating plan.
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Sector expertise
Mining & Precious Metals
Capital strategy grounded in operating reality.
From mine plan to capital plan
Financing built around the mine plan.
We help producers, developers and project owners prepare financing for mine restarts, expansions, refinancings and acquisitions. Our work connects operating assumptions with funding capacity, capital structure and the requirements of specialist investors and lenders.
We translate feasibility studies, mine plans and restart assumptions into cash flow, repayment capacity and financing timing. Technical conclusions are developed with the company and its qualified technical advisers.
- Secured debt, private credit and mezzanine capital
- Convertibles, warrants and strategic equity
- Prepaid forwards, offtake, royalties and streams
- Precious metals leases, metal-denominated debt and inventory finance
How we can help
From operating assumptions
to financing decisions.
Operating models and cash flow
Connect grade, recovery, throughput, ramp-up, costs and working capital to cash flow. Test debt capacity, debt service coverage, minimum cash, covenant headroom and downside scenarios.
Financing alternatives and valuation
Compare debt, hybrid and strategic capital with metal leases, prepayments, offtake, royalties and streams. Assess all-in cost, dilution, collateral and flexibility, supported by cash-flow valuation, net asset value and comparable analyses.
Capital providers and investor preparation
Map and qualify banks, private credit and mining funds, family offices, endowments and strategic investors, alongside refiners, traders and specialist precious metals financiers. Prepare financing memoranda, presentations, data rooms and management responses.
Risk strategy and capital discipline
Assess metal price, foreign exchange, interest rate, liquidity and counterparty exposures. Define hedge objectives and limits, test restart mitigants, and evaluate capital expenditure priorities, contingencies, draw schedules and minimum cash.
Execution and ongoing monitoring
Support term sheets, diligence, documentation and closing with the company and its advisers. Negotiate economics, covenants, security, conditions and intercreditor terms, then monitor liquidity, lender reporting and performance against the financing case.
Senior expertise
Experience behind
our advice.
Our founder brings more than 35 years of experience in advisory, origination, structuring and risk management.
Precious metals finance
Experience originating and structuring metal-denominated bonds for mine starts and expansions, alongside precious metals leases and inventory finance.
Capital planning and strategic decisions
Capital-budgeting models for expansion projects and advice on refinancing, restructuring, acquisitions and balance-sheet risk.
Execution and governance
Experience taking transactions from sourcing and approval through documentation, signing and operating handoff, supported by credit, deal-approval and portfolio processes.
Flexible mandate formats
Support for the decision ahead.
Engage us for a capital-readiness review, a targeted financing workstream, a full capital-raising process, or ongoing board and CFO support. We agree the scope around the operating plan, the financing timetable and the decisions management needs to make.
Discuss a mining mandate