Our Team

Management

Teo Dechev
Chief Executive Officer, President & Director

Ms. Dechev has diverse experience in the minerals sector which is uniquely positioned to bring value to Mundoro Capital.  She brings both a technical understanding of the key issues in our sector through a solid foundation of a Geological and Mineral Engineering Degree as well as the practical understanding of the challenges facing exploration and development companies through extensive capital markets experience and hands on management experience. 

Ms. Dechev’s capital markets experience has developed through positions held at well recognized bank-owned and independent investment banks in Canada. In the capital markets, her career has covered institutional equity research, corporate finance and merger and acquisitions primarily focused on the resource sector, but also covering, technology, financial institutions and diversified products sectors. Prior to joining Mundoro Capital, she was a Vice President in Corporate Finance at a Toronto investment bank, advising resource companies for financings, IPO's and mergers and acquisitions mandates.

Throughout her investment banking career she has participated in financings for over half a billion dollars to fund companies at various stages of exploration, development and production. Beyond raising capital, Ms. Dechev gained the ability while an Institutional Equity Research Analyst at a boutique investment bank in Toronto, to identify quality projects and management teams that could deliver on shareholder value creation.  Ms. Dechev published in-depth, institutional equity research on resource companies at various stages ranging from early exploration right through to production.  

As commodity prices are an important aspect of the mineral resources sector, Ms. Dechev has gained insightful knowledge through hands on experience over three years in working with a mineral resources company to manage their commodity and derivatives trading program for gold, copper and silver.

Ms. Dechev has an MBA from the Schulich School of Business at York University in Canada, a Bachelor of Applied Science and Engineering in Geological & Mineral Engineering from the University of Toronto and is a licensed Professional Engineer in both British Columbia and Ontario.  Ms. Dechev sits on the Executive Board of the University of Toronto’s Engineering Alumni Association as well as the Advisory Board of the Pierre Lassond Mineral Engineering Program at the University of Toronto.  Ms. Dechev has sat on the board of Geomega Resources Inc. where she held the position of Audit Committee Chair and subsequently the Compensation Committee Chair.

Anil Jiwani
Chief Financial Officer

Mr. Jiwani is a chartered professional accountant with experience spanning more than 11 years. He has been involved with multiple publicly listed entities, both in Canada and the United States, and spanning mining, biotechnology, and FinTech industries. As a senior manager at Avisar Chartered Professional Accountants and an alumnus of PricewaterhouseCoopers LLP, he brings extensive experience in the areas of public company reporting and compliance, corporate financings, and mergers and acquisitions.

 

 

 

Georgi Magaranov
QP, Senior Exploration Manager

Mr. Magaranov has over 19 years international mineral exploration and evaluation experience in a range of geographic locations in Eastern Europe, Middle East, Latin America, West Africa and Asia. Much of his experience was gained working as project and senior project geologist for Anglo American and Rio Tinto. He has managed drilling programs, designed and participated in targets generation and project evaluation programs for Gold, base metals and iron ore in the Russian Far East, Chile, Turkey, Iran, Mali and Ghana (West Africa). Mr. Magaranov is a Qualified Person as defined by National Instrument 43-101, and is a Member of the Institute of Geologists of Ireland, European Federation of Geologists, Bulgarian Geological Society and the Society of the Economic Geologists. Mr. Magaranov holds MSc degree in Exploration and Economic geology from the University of Mining and Geology, Sofia, Bulgaria.

Michael Starogiannis
Corporate Development

Michael Starogiannis holds a Bachelors of Applied Science in Geological and Mineral Engineering from the University of Toronto as well as a Master’s in Business Administration from the Rotman School of Management at the University of Toronto.   Mr. Starogiannis’ main technical experience has been as a geotechnical engineer and rock mechanics specialist for Golder Associates where he worked on the geotechnical data collection and design of numerous underground workings and open pits. While with Golder Associates Michael also gained experience in tailings engineering and hydrogeology.  Since 2002 he has worked as an equity analyst for a variety of boutique investment dealers including Haywood Securities, Canaccord Capital and most recently for Fraser Mackenzie Ltd.

 

 

 

Directors

John J. Hoey
Independent Director, Non-Executive Chairman of the Board, Chair of the Nominating & Corporate Governance Committee

Mr. Hoey has a B.S. in Mechanical Engineering from the University of Notre Dame and an MBA from Harvard University. He became a Director of the Company in 2008 and Chairman of the Board of Directors in July, 2009. He is a member of the Audit and Corporate Governance Committees. Since 1975, Mr. Hoey has been the President of Beneficial Capital Corp, a N.Y. investment company. He remains a co- founder and Director of Swedish publicly quoted Tethys Oil AB; co-founder and former Director and Chairman of the Investment Committee of Vietnam Holding Ltd, a LSE AIM quoted private equity fund. From 1993 to 1998, until the merger with Lonmin PLC, he was the President and CEO of ASE publicly traded Hondo Oil & Gas Co. From 1985 to 1991, he was associated with the Atlantic Petroleum Corp. of Pennsylvania, including serving as President and Director of Atlantic Refining & Marketing Corp., until its sale to Sun Co. in November 1988. From 1972 to 1984, Mr. Hoey held various executive positions in commercial and investment banking in Saudi Arabia, England and the USA. From 1967 to 1971, he served in the U.S. State Department in Saigon, South Vietnam with responsibility for the manufacturing and commercial sectors as a Foreign Service Officer. From 1961 to 1967, he worked as an engineer in numerous manufacturing sectors in the USA and Europe.

Teo Dechev
Chief Executive Officer, President & Director

Ms. Dechev has diverse experience in the minerals sector which is uniquely positioned to bring value to Mundoro Capital.  She brings both a technical understanding of the key issues in our sector through a solid foundation of a Geological and Mineral Engineering Degree as well as the practical understanding of the challenges facing exploration and development companies through extensive capital markets experience and hands on management experience. 

Ms. Dechev’s capital markets experience has developed through positions held at well recognized bank-owned and independent investment banks in Canada. In the capital markets, her career has covered institutional equity research, corporate finance and merger and acquisitions primarily focused on the resource sector, but also covering, technology, financial institutions and diversified products sectors. Prior to joining Mundoro Capital, she was a Vice President in Corporate Finance at a Toronto investment bank, advising resource companies for financings, IPO's and mergers and acquisitions mandates.

Throughout her investment banking career she has participated in financings for over half a billion dollars to fund companies at various stages of exploration, development and production. Beyond raising capital, Ms. Dechev gained the ability while an Institutional Equity Research Analyst at a boutique investment bank in Toronto, to identify quality projects and management teams that could deliver on shareholder value creation.  Ms. Dechev published in-depth, institutional equity research on resource companies at various stages ranging from early exploration right through to production.  

As commodity prices are an important aspect of the mineral resources sector, Ms. Dechev has gained insightful knowledge through hands on experience over three years in working with a mineral resources company to manage their commodity and derivatives trading program for gold, copper and silver.

Ms. Dechev has an MBA from the Schulich School of Business at York University in Canada, a Bachelor of Applied Science and Engineering in Geological & Mineral Engineering from the University of Toronto and is a licensed Professional Engineer in both British Columbia and Ontario.  Ms. Dechev sits on the Executive Board of the University of Toronto’s Engineering Alumni Association as well as the Advisory Board of the Pierre Lassond Mineral Engineering Program at the University of Toronto.  Ms. Dechev has sat on the board of Geomega Resources Inc. where she held the position of Audit Committee Chair and subsequently the Compensation Committee Chair.

Michael Calyniuk
Independent Director, Chair of the Audit Committee

Mr. Calyniuk holds a Bachelor of Commerce, Information Systems Major from University of British Columbia; he is a Chartered Accountant and was named Fellow by the B.C. Institute of Chartered Accountants (FCA) in 2009. He is a graduate of the Institute of Corporate Director's education Program (ICD). Mr. Calyniuk recently retired after serving for 24 years as a Partner with PricewaterhouseCoopers LLP in audit, advisory and various senior global management roles. Mr. Calyniuk also is the B.C. Chapter Chair of the Canadian Institute of Corporate Directors, which fosters excellence in directors to strengthen the governance and performance of Canadian corporations and organizations. The institute achieves this through education, certification and advocacy of best practices in governance. Mr. Calyniuk is the Past Board Chair of the BC Advanced System Institute and Co-Chair of the BC innovations Council. He is also Chair of the Audit Committee and a member of the Compensation and Nominating & Corporate Governance Committees.
 
GRAHAM BROWN
Independent Director

Mr. Brown holds a BSc. from the University of Strathclyde, Glasgow and a MSc. from James Cook University, Australia.  He has been a Fellow of the Society of Economic Geologists (“SEG”) since 1999, participated in the Colombia Senior Executives Program in 2004 and the Duke Business Leaders Program in 2007.  He is a past councilor of the SEG and current British Geological Survey industry advisor and Natural History Museum honorary research fellow.  In 2011 he was the co-recipient of the PDAC Thayer Lindsley Award. Mr. Brown  joined  Amax  as  an  exploration  geologist  in  1980 and  worked  on  a  variety  of exploration and mining operations in the Circum-Pacific region.  For a decade Mr. Brown worked as a consultant involved with the exploration and evaluation of a number of major discoveries in both Asia and Europe.  In 1994 he joined  Minorco  as  Chief  Geologist. Subsequently he became the region’s Vice President Exploration and, following the Minorco-American Anglo plc merger in 1999, he served as Vice President Geology. In 2003 he was appointed Senior Vice President Exploration and managed geosciences, technical services, and R&D programs. In 2005 he was promoted to Head of Base Metals Exploration and in 2009 he took up the position of Group Head of Geosciences for the Anglo American Group.  Mr. Brown’s awards and recognition during this period include:  Los Sulfatos (PDAC), Sakatti (FEM) and most successful major base metals explorer (MEG). Exploration  discoveries credited to his team include: Boyongan and Bayugo (Cu-Au) in Philippines, Morro sem Bone and Jacaré (Ni) in  Brazil,  Gamsberg  East (Zn) in  South  Africa,  Gergarub (Zn) in  Namibia, West Wall, San Enrique Monolito and Los Sulfatos (Cu-Mo) in Chile, and Sakatti (Ni-Cu-PGE) in Finland.

Technical Advisers

Richard Moores
Technical Adviser

Between May 1996 to February 2008, Mr. Moores was the CEO, President and director of Anatolia Minerals Development Limited, a publicly listed mineral resources company focused on exploration and development in Turkey which discovered several large copper and gold deposits of which the Copler Gold Mine was put into production in 2011. Mr. Moores began his career with the metals/minerals departments of Conoco and Mobil, where he helped discover and/or develop copper, uranium, gold and synfuels projects. Specializing in porphyry-style deposits, he has worked with or created a number of resources companies, both private and public directing exploration and development programs in a wide range of countries including the USA (Florence Cu, Sanchez Cu SXEW, et al), Kazakhstan (Balkhash Cu), Mongolia (Erdenet Cu SXEW), Turkey (Copler ~7 million Au oz @ ~220koz/yr) and Colombia (Toldafria Gold, et al), among others.  Mr. Moores holds a Bachelor’s Degree in Geology from Cornell University, a Masters in Geology from the University of Arizona and an MBA from the University of Arizona. In the past Mr. Moores has served as the Chair of the Compensation Committee and a member of both the Audit Committee and Nominating & Corporate Governance Committee.

 

Alan Riles
Technical Adviser

Alan has over 35 years of operational and project management experience across a broad range of commodities to the senior corporate level in the international mining industry. His technical expertise covers geometallurgy, hard rock / alluvial mineral processing, and heap leaching as well as hydrometallurgy (Au, Cu, Ni/Co, U) and pyrometallurgy including base metals concentrate marketing. Prior to his current consulting role, Alan held the position of Chief Operating Officer for Mundoro between 2006 and 2010 for the development of the Maoling Gold Project. Prior to working at Mundoro, Alan was COO for Goro Nickel from 2004-2006, responsible for the re-creation of the operating team following the suspension and subsequent restart in October 2004 of a multi-billion dollar 60,000 tpa nickel project in the Pacific region that employed 800 people. Previously, he held the same position for Rio Narcea Gold Mines from 2001-2004, operating in Spain with responsibility for several open pit mines (in transition to underground) and the processing of a complex Au-Cu ore. He was also heavily involved in significant corporate transactions and project evaluation work. His broad technical background has been applied to feasibility study management, due diligence and project evaluation work and also to metallurgical process design and project optimisation work. His operational skills include continuous improvement projects in complex technical environments that require an integrated approach and knowledge of geology and mining as well as his core discipline of metallurgy.