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TMCNet:  MacCormick IMC - Diamonds in the Rough: Analysis of Top 100 TSX-V miners shows that the best performing miners place strong emphasis on social management

[March 01, 2014]

MacCormick IMC - Diamonds in the Rough: Analysis of Top 100 TSX-V miners shows that the best performing miners place strong emphasis on social management

(Newsfile Press Release Wire Via Acquire Media NewsEdge) Toronto, Ontario--(Newsfile Corp. - March 1, 2014) - On Saturday March 1, 2014, in time for PDAC, MacCormick IMC, a Toronto-based management consultancy, dedicated to Corporate Social Responsibility (CSR) in the Mining Sector, with support from their Corporate sponsors Fasken Martineau LLP, released their 2 nd Annual Social Responsibility Index (SRI) showcasing TSX.V’s “ best in class” CSR performers and highlighting their financial success in comparison to their peers.


“Fasken Martineau and its CSR Group is pleased to sponsor the 2nd edition of the Social Responsibility Index. As leaders in CSR law for the extractive sector, Fasken Martineau applauds the contribution of the Index in illustrating the strong link between a commitment to corporate responsibility and enhanced shareholder value. The Index makes an important and timely contribution to the field of CSR and the extractive sector” Martin Denyes, Fasken Martineau's Regional Managing Partner, Ontario Region.

Annually, MacCormick reviews PWC’s Top 100 Junior Mining companies by market cap. listed on TSX’s Venture Exchange. The review analyzes those Top 100 companies against MacCormick’s in-house CSR index which consists of 10 CSR categories and a 3-tier rating system for each category. Of MacCormick’s Top 20 CSR reporters: 8 were in exploration phase, 10 in development and 2 in production. The report also dives into the financial performance of those Top 20 companies for a closer look at financial indicators from which to correlate financial and social performance.

<!--$$/page="--"> MacCormick’s 2013 Top 20 socially responsible junior mining companies again outperformed their peers on many financial metrics.

“While there were far fewer competitors for the Top 20 this year, the scores in the Top 10 were much more competitive than in 2012." remarks de Bartok. There was even more dispersion among location of headquarters, principal commodity, stage and location of operation.

“The social management of mining projects has become critical to survival in today’s market. It’s required for permitting, for financing and has become the litmus test for identifying strong management teams”, quotes de Bartok.

There is no doubt that this has been one of the most difficult years for junior mining companies the world over. Yet, there is light for 2014 as we witness an optimistic turn for junior mining companies. Based on a rise in M&A activity, creative financing, an increasing gold price, and the number of new permits exploited in many jurisdictions. There are lessons to be learned for rebounding junior mining companies, looking at the performance and resilience of the Top 20 CSR companies which have survived these tumultuous times themselves.

For example, the 8 exploration stage CSR reporting companies who placed in the Top 20 were far better able to attract equity financing increasing their combined shareholders’ equity by 86% when at the same time it decreased by 14% overall for PWC’s Top 100.

The 10 development stage companies saw an increase of 17% in EBITDA while PWC’s TOP 100 saw a decrease of 94%. The same 10 development stage CSR reporting companies saw an increase in net income of 13% compared to PWC’s Top 100 who saw a decrease of 60% for the same period.

The 2 production stage CSR reporting companies experienced a decrease in total liabilities of 39% while PWC’s Top 100 reported an increase of 12%. The same two companies that reported on CSR activities saw an increase in shareholders’ equity of 486% compared to a decrease of 14% for PWC’s Top 100.

MacCormick’s efforts to substantiate the business case for social commitment, activity and communication year over year, based on true bottom-line performance and resilience is aimed to instill a degree of confidence in the financers and communities world over.

This confidence is based on trust, disclosure, inclusion and factual evidence from junior mining companies and helps provide them with due recognition for their moral efforts regardless of market conditions.

The index will be made available in print copy at many functions and booths throughout the PDAC conference. It will also be available online on their website free for download at: http://maccormickimc.com/sr-index/canadas-first-socially-responsible-junior-mine-index/   MacCormick’s founder and CEO, Bonnie Lyn de Bartok will be participating and presenting at the following events during the convention: What:Mine Africa at PDAC – Breakfast and PresentationsWhen:Tuesday March 4 th, 2014 from 7:30 to 11:00 AMWhere:Sheraton Centre Toronto Hotel, 123 Queen Street West To Register: wayne@mineafrica.com       What:The 2nd Community Relations International Congress -Luncheon When: Tuesday March 4 th , 2014 from 12:30 to 2:00 PM Where: PDAC, MTCC North Building - Level 200 / Room 205 To Register: congresorrcc@iimp.org.pe       What:Peru Day – Afternoon Session: Peru’s Geological Potential and Opportunities When: Tuesday March 4th , 2014 from 2:00 to 4:00 PM Where: PDAC, MTCC North Building - Level 200 / Room 206 To Register: chardman@canadaperu.org      <!--$$/page="--"> About MacCormick MacCormick International Mining Consultancy is a management consulting firm established in 2009, headquartered in Toronto, Canada, and dedicated to social responsibility in the mining sector.

Our tools and processes are designed to guide the implementation of social due diligence for mining projects - from collecting and analysing social baseline data; to assessing social risk; to engagement planning; to developing, training, and evaluating of social management systems; and finally to reporting on social impact.

Our consultants and advisors have over 100 years of combined experience in socio-economics, governance, international development, communications, finance and human resources. Our global network is in the hundreds of thousands and we are led by a panel of industry experts committed to solving the challenges the mining industry faces each day.

It is our mission to become the most sought-after social planning specialists in the mining industry through the establishment of a MacCormick standard, which will lead the industry towards socially responsible mining practices based on evidence-based commitment.

In 2013, MacCormick released Canada’s first-ever index of socially responsible junior mining companies. The firm sets its place in the market with a strong brand, which grew at a whopping rate of 340% in 2012, and additional 130% in 2013, at a time when the mining sector was experiencing the slowest gold trend in last 20 years.

About our Founder & CEO Bonnie Lyn de Bartok is the Founder & CEO of MacCormick International Mining Consultancy (IMC), established in 2009. She brings more than 17 years of international business and social development experience to the leadership of the firm. Ms. de Bartok spent 5 years in finance roles in the industrial sector, 4 years in development, and 8 years in HR and recruitment. During her tenure in executive search for the mining industry, Ms. de Bartok led hundreds of assignments throughout the Americas, Africa, Europe and Australasia.

Prior to working in finance and HR, Ms. de Bartok contributed to development programs in Rural Atlantic Canada and West Africa for such organizations at Red Cross, Peace Corps, UNDP, CIDA and ACOA (Industry Canada). The breadth of her program evaluation and execution experience spans the areas of microfinance, agri-business development, post-conflict child programs, and socio-economic planning.

Since launching the CSR practice vertical at MacCormick in 2010, she has led monitoring and evaluation projects in Colombia, health and safety auditing systems in Peru, and the development of social management systems in Burkina Faso on behalf of her Canadian-based mining clients.

She is a graduate of Saint Mary’s University in Halifax, Nova Scotia with a Bachelor’s Degree in International Development Studies and International Politics, and also holds additional certification in Finance and Technology. She currently sits on the Program Advisory Council of the Mining Management program at Ryerson University in Toronto and on the Board of Directors for the Toronto Hispanic Chamber of Commerce.

Media Inquiries For more information about the index or to schedule an interview with Bonnie Lyn de Bartok, please contact: Bonnie Lyn de Bartok Founder & CEO 44 Victoria St., Suite 1102 Toronto, ON 416.304.9790 x2000 bonnielyn@maccormickimc.com   @MacCormick_IMC www.maccormickimc.com

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