Energy & Mining International - Fall/Winter 2012 - (Page 198)

E M I C R O C O D I L E G O L D C O R P. FA L L / W I N T E R 2 0 1 2 AU ST RA L I A FO CU S • Australia Creating a Higher Profile Toronto-based Crocodile Gold Corp. has changed its business for the better after making two key acquisitions in Australia. Crocodile Gold Corp. has grown from a junior exploration firm into a mid-tier producer.. “By the end of 2014, we see our company being a 300,000-ounces-peryear producer.” // CHANTAL LAVOIE, president from its origins as a junior company working in Australia’s Northern Territory. The company, headquartered in Toronto, formally started in 2009 when it purchased assets from an Australian subsidiary of GBS Gold International. In 2010, the company resumed production from the acquired assets while maintaining an emphasis on exploration to production. Later in that year, it initiated the development of Cosmo, its flagship property in the Northern Territory. Earlier this year, Crocodile Gold also gained additional financial support from shareholder New York-based Luxor Capital, which allowed it to purchase the Fosterville and Stawell mines in Australia’s Victoria State. The acquisition, completed in May, enabled the company to more than triple its revenue in second [ BY JIM HARRIS ] and are now a mid-tier producer,” he says. quarter 2012, from $18.5 million to Crocodile Gold Corp. President, CEO “Our company profile has changed con$56.7 million. The company’s amount of and Chairman of the Board Chantal siderably over the last 12 months from its gold sold during the second quarter inLavoie has seen the company grow signif- foundation of exploration activity.” creased to 35,665 ounces from the first icantly since he took the helm in early Two major developments during quarter totals of 10,900. 2011. “We were a small, junior exploLavoie’s 14 months as president and The three active mines are currently ration and producing company a year ago CEO have repositioned Crocodile Gold producing at a rate of 211,000 ounces of gold combined annually, with more anticPROFILE ipated in the future. “By the end of 2014, Crocodile Gold Corp.. | Revenues: $350 million | Headquarters: Toronto we see our company being a 300,000Employees: 1,000 | Specialty: Gold production and exploration ounces-per-year producer,” Lavoie says. 198

Table of Contents for the Digital Edition of Energy & Mining International - Fall/Winter 2012

Energy & Mining International - Fall/Winter 2012
Guiding Voice
Worldwide Presence
Digging South of the Border
Honoring the Best
The Williston Basin
Whiting Petroleum Corp.
Breitling Oil and Gas
HDC Development Cos.
Aspen Air U.S. Corp.
Synergy Resources Corp.
Advanced Engineering and Environmental Services Inc.
Enviro Shield Products Inc.
Savage Services
T&R Transport
Boyd and Sons Construction
Roers Construction Inc. – Roers West LLC
J. Koski Co.
Pat’s Offroad Inc.
Tollberg Homes
Wildcat Minerals
Environmental Materials Inc. and Warren Transport Inc.
Borsheim Crane Service Inc.
Central Machining and Pump Repair
Hive Built Homes – Hive Modular
Jericho Services
Kuntz Builders Inc.
MT Rigmat LLC
Steffes Corporation
Wells Concrete
Annabelle Homes - Bakken Shale
Oil Pipeline Blues
Canada Focus
Orbite Aluminae Inc.
New Millennium Corp.
Dynacorp Fabricators Inc.
PCL Contractors
Colter Energy Services Inc.
Zargon Oil and Gas Ltd.
Prodigy Gold Inc.
Rambler Metals and Mining PLC
Innovator Industrial Services
TWD Technologies
Veresen Inc.
Columbus Castings
Comstock Mining Inc.
MS Energy Services
White Star Pump Co.
Golden Queen Mining Co. Ltd.
Pershing Gold
Summit Casing Equipment
Black Hawk Energy Services
Timberline Drilling Inc.
Butch’s Rat Hole and Anchor Service Inc.
Calfrac Well Services
Geoprobe Systems®
Pacific Energy Development
Crocodile Gold Corp.
Gold Standard Ventures Corp.
GreenHunter Water LLC
Preferred Sands
Romarco Minerals Inc.
The Final Shot

Energy & Mining International - Fall/Winter 2012