About Virgin Gold

Who we are

Since its founding in 1999, Virgin Gold Mining Corporation has grown quickly to become one of the world's leading gold exploration and mining companies and a young, dynamic organization with a global reach and an international perspective. Based in Panama, an international offshore tax-free jurisdiction, Virgin Gold utilizes various offshore vehicles to facilitate its onshore business operations. This means we are able to generate good revenue and tax-free dividend to our shareholders worldwide.

With approximately 500 employees, Virgin Gold is efficiently managed, whereby everyone in the organization understands its mission, vision and corporate philosophies. Despite our tender age, Virgin Gold is better structured, and more prudently managed and financially viable than its peers, allowing it to optimally exploit any unforeseen volatility in the current financial market.

The executive boards are responsible for running the day-to-day operations of the corporation while the board of directors makes vital decisions and decides on major issues as advised by the various committees. The latter support the Board of Directors in assessing risks, setting remuneration, and monitoring the integrity of the financial statements. Meanwhile, both external and internal auditors collaborate closely to ensure every single operation achieves its objectives, shareholders enjoy maximum benefit and the corporation grows to greater heights.

Virgin Gold currently operates in parts of Africa and South America and is focused on growing shareholder value through joint ventures, acquisitions, exploration and the development of potentially large-scale gold projects.

What we aim

Vision

Virgin Gold, as well as being a truly enterprising and ambitious corporation, retains realistic and achievable expectations. Currently a global niche player, our long term vision is to become an industry leader in gold mining, manufacturing and trading sectors.

We aim to achieve this through cooperation, joint ventures, partnerships, acquisitions and exploration across all geographical locations. Virgin Gold aims to raise 3 to 5 billion dollars of working capital through issuing new Convertible Preferred Stocks to the global community within the next few years.

Mission

Our corporate mission is to build a sustainable mining business that consistently delivers top earning per share to stockholders while leading in terms of safety, environmental stewardship and corporate responsibility.

IPO

While an Initial Public Offering (IPO) is an interesting and lucrative proposal, it is not part of our short term goal. We are currently comfortable as a private corporation because it allows us more room in which to grow and compete. Based in a tax and business friendly offshore jurisdiction, Virgin Gold is better-placed and more flexibly able to invest in many onshore operations than its bigger peers. Our short term goal is to grow this corporation into a global industry leader and return good and consistent dividends to shareholders.

However, going public remains our medium term priority. We foresee ourselves launching an IPO by year 2015 if the environment is conducive. It will be very interesting when this materializes since millions of our private shareholders will hold public listed shares. Virgin Gold Convertible Preferred Stockholders will be able to convert their shares into public traded common shares. The shares to which they currently subscribe with Virgin Gold will potentially appreciate several times over after the IPO.

Corporate Values

Our values and principles help us on our journey towards sustainable development. By living according to our defined Corporate Value, we can meet the current needs of our organization and stakeholders, thus protecting, sustaining and enhancing human, natural and financial capital for the future.

• People first
  We respect every individual. We draw strength from equal opportunity and diversity, while also supporting personal growth and development. We treat people’s lives and well-being as the key commodity for our organization’s future. We value human rights and all benefit from the entrepreneurial spirit of each individual. We will ensure all our people are kept informed of important company developments and issues.
• Corporate citizenship
  We are committed to the highest ethical and governance standards in the industry. Commitment to our corporate responsibility will remain a key business priority for our organization.
• High performance culture
  Virgin Gold is a result-oriented company; focusing relentlessly on delivering and executing high business objectives. We value innovation, adaptability and accountability in executing against our business strategy. Teamwork and continuous improvement is central to our business culture. Therefore, we recognize and reward excellence.
• Financial discipline
  We will constantly be prudent with shareholders’ money, hence discipline is central to our financial management philosophy. We will always seek new, more efficient ways to use the company’s resources to the benefit of our stakeholders.
• Integrity
  Above all, we are committed to integrity in all that we do; to our shareholders, partners, employees, society and community, always and everywhere.

Corporate Governance

The way we interact with our stakeholders is fundamental for our business and our success. We strive to act with integrity, responsibility, fairness, transparency and discretion at all times in order to secure the trust of our stakeholders.

Virgin Gold’s corporate governance complies with internationally accepted standards. We recognize the importance of good corporate governance and know that transparent disclosure of the same helps stakeholders assess the quality of the Group and our management and assists investors in their investment decisions.

• Complying With Rules and Regulations
  We fully adhere to the principles and comply with the rules and regulations of any jurisdiction where we operate, with a few minor exceptions where the rules are not applicable to foreign parties.
• Our Corporate Governance Framework
  Our corporate governance policies and procedures are laid out in a series of documents governing the organization and management of Virgin Gold Mining Corporation. The Board of Directors has adopted a set of Corporate Governance Guidelines aimed at explaining and promoting an understanding of our governance structure.
• Managing Risk
  Our Risk Management function occupies a central role in our organization as it fosters a disciplined risk culture and creates appropriate transparency by providing a sound basis for the management to define a suitable risk profile. Risk Management is instrumental in ensuring a prudent and intelligent approach to risk-taking that appropriately balances risk and return and optimizes the allocation of capital throughout the corporation. Moreover, through a proactive risk management culture and the use of cutting-edge quantitative and qualitative tools we strive to minimize the potential for undesired risk exposure in our operations.
• Committed to Compliance
  We strive ceaselessly to ensure that our employees maintain the highest standards of compliance with all legal, regulatory and internal requirements. Our employees are asked to observe strict standards of professional conduct at all times. Compliance considerations are critically important when selecting employees, developing training tools, and defining processes and rules and is a vital element of all our supervisory and control systems.
• Rewarding Excellence
  We are committed to employing a compensation approach that rewards excellence, encourages personal contribution and professional growth and aligns the employees’ interests with those of Virgin Gold, thus motivating the creation of shareholder value. Long-term corporate success in the exploration, mining and trading industry depends on the strength of human capital, and our goal is to be the employer of choice in the markets and business segments in which we operate.