India slashes import tax on gold, silver to tackle smuggling
Local gold prices hit their lowest level in more than three months after the announcement.
B.C. business leader Bryan Slusarchuk worked his way up from a golf caddy to a financier of major mining deals.
His biggest triumph began in the mining downturn of 2014, when Bryan and partners advanced $2 million (of an ultimate $15 million purchase price) for a gold mine in Papua New Guinea worth ~$500 million today. And there’s more – Bryan sees K92 Mining (TSXV:KNT) growing its high-grade gold resource to big leagues: 5 million ounces plus and annual production of 300,000-400,000 ounces, while maintaining industry leading costs.
When asked if he expects to ever find such good fortune again, Bryan’s response reflected an optimism that is common among successful resource executives. “I believe everyone gets 5 to 10 ‘once in a lifetime’ opportunities in their career,” he said in a recent CEO.CA Mentors Podcast that covered his career and portfolio of mining ventures.
As a teen during Expo ‘86 in Vancouver, Bryan brought home a full-size cardboard cutout of Ronald Reagan that inspired considerable teasing from his family. This unusual early interest in politics and also golf exposed Bryan to different careers in Canada’s resource industry. A few hard lessons as a young broker at Canaccord financing “Iguana’s” (entrepreneurs who say “I’m gonna do this, I’m gonna do that,” without ever executing) led him to start building his own companies.
Bryan is working to repeat the success of K92 in two new early stage ventures that he plans to list on the TSX-Venture exchange. These are:
Podcast topics include:
Beyond his success as a venture capitalist, Bryan is an approachable entrepreneur with a big heart who has helped support CEO.CA from its earliest days. I appreciate him for these reasons and for sharing his story with us.
Listen and Subscribe on Soundcloud now.
Disclaimer: Expectations discussed, especially those for K92 Mining, New Fosterville Exploration, and Turmalina Metals may not materialize. Bryan Slusarchuk is a shareholder in K92 Mining, and shareholder and officer in New Fosterville Exploration and Turmalina Metals. Tommy Humphreys is a shareholder in New Fosterville Exploration and Turmalina Metals. K92 Mining was an advertiser on CEO.CA in 2016.
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