Active Production.
Unbounded Exploration.
An emerging gold producer with a 30,938 Ha land package in Northern Peru, situated on one of the most underexplored gold belts in the region.
The Investment Opportunity
Investment Highlights
Suyo Mining Inc is an emerging gold producer with a 30,938 Ha land package in Northern Peru, situated on one of the most underexplored gold belts in the region. Suyo Mining will form from the reverse take-over of Florence One by Cautivo Mining.
Scaleable Cashflow
Current gold plant operating at 50 tpd, with plans to increase capacity to 350 TPD. Gold production has reached 15 Kg per month.
District Potential
The company owns the mineral rights to 30,938 Ha on the Peru/Ecuador border in the Piura region of Peru, on the Cretaceous gold belt.
Social License
Previous company spent 12+ years building relationships with community and local artisanal mines. 35 agreements in place today.
Local Expertise
Local Peruvian operations team focused on plant operations, building business with local communities, ready for exploration programs.
Las Lomas Processing Plant
Producing Since 2024
Tonnage (MT) vs Grade (g Au/t)
- Processed
- Grade
Supply and production have steadily increased from start up and have averaged 89% recovery and 9.9 g/t Au throughput.
35 production and royalty agreements signed with small miners (Hans XX, Bolsa del Diablo, and Sapillica)
Three campaigns/batches per month with regional ore purchasing and toll processing underway
Gold production has been growing steadily and has reached 15 Kg per month
Additional production/royalty agreements being negotiated monthly
Production Composition
Growth Trajectory
Revenue & EBITDA Growth
Production from own concessions will drive margin expansion.
Capacity Expansion Drives Revenue Growth and EBITDA Inflection
- Revenue (USD mm)
- EBITDA (USD mm)
- Processing Capacity (TPD)
Catalysts at Las Lomas
Replace current working capital facility, allowing gold sales outside the country.
Increase capacity to 100 tpd in the short term and 350 tpd near term, purchase of a leaching tank, ball mill, and increased tailings capacity.
Production of own ore will increase margins and assist in increasing exploration and discovery budgets.
A Proven Track Record
A Brief History: Cautivo Mining
Plexmar achieves exploration success at Bolsa del Diablo (2006: Plexmar hits $120M market cap)
Sierra Metals acquires Plexmar
Sierra Metals spins out Cautivo Mining
Go-private transaction and processing plant start-up
Trial processing campaigns begin; plant construction to 50 tpd
Exploration shafts completed at Angolos, 4km from Titan Minerals
First campaigns of precious metals processing; 35 agreements with local miners signed, with ROFR to feed the plant
Stabilized 50 tpd production; built third tailings dam
Completion of tailings facility expansion; RTO between Florence One Capital and Cautivo to create Suyo Mining Inc.
District-Scale Potential
Exploration Assets
Suyo has excellent exploration potential with 30,938 Ha of mineral claims with excellent geology and neighbouring deposits.
Ecuador Border Region: Neighbouring Projects Close to Suyo Concessions
Piura: Major Projects, Analogues to Suyo in the Region
Piura — Large Cu-Porphyry Potential
Current exploration and production feeding Las Lomas includes Hans XX, Bolsa del Diablo, and Sapillica.
| Target | Metals | Results |
|---|---|---|
| Bolsa del Diablo | Cu-Au | Disseminated Au close to surface |
| Cascajo-Blanco | Cu-Au | Potential large Au-Cu porphyry |
| Calabazas | Cu-Au | Potential large Au-Cu porphyry |
| Algodonal | Au | Very high Au on surface |
| Chiqueros | Au | Very high Au on surface |
| Tomapampa | Cu-Au | Potential large Au-Cu porphyry |
| Sapillica | Cu-Au | High grade Au veins |
| Hans XX | Au | Production of high Au grade veins close to surface |
Internal estimates total 1.5 million AuEqOz *non-43-101 compliant*
Production Opportunities
Hans XX & Ato-Miranda
This is a high-grade mesothermal system where initial work suggests multi-million ounce potential, but only a fraction has been drill-tested. Each new vein represents discovery upside.
Ato-Miranda Vein
Small-scale production being advanced via exploratory shaft. Current exploration efforts are advancing a shaft for further production from the Ato Miranda Veins.
Hans XX Vein System
Estimated across 7-8 of 20 identified veins. 442 surface samples returning 3-75 g/t Au demonstrating widespread gold mineralization. 2020 drilling confirmed continuity at depth with intercepts up to 6.88 g/t Au.
Large-Scale Exploration: Angolos – Chiqueros – Algodonal
Angolos 2023 estimate: 25.1 koz Au measured + indicated; 50.0 koz including inferred and potential
Experienced Team
Management & Board
Management
David Londono
CEO
- Mining executive with 35+ years of experience, including OceanaGold, Kirkland Lake Gold, AngloGold Ashanti and Barrick
- Senior gold-operations experience, including leadership at Detour Gold and OceanaGold's Haile Gold Mine
- Former President & CEO of Mineros S.A. (2025); Colombian mining engineer with an M.Sc. from Colorado School of Mines and an MBA from Regis University
James C. Tworek
SVP Corp Dev
- 27+ years in operations and senior management
- Proven builder of high-performance teams and growth execution
- Director and executive roles across multiple publicly listed resource companies
Frank Cardich
General Manager
- General manager and counsel for the Peruvian operations, including the Las Lomas Processing Plant
- Proven track record building sustainable relations with stakeholders in the Piura Region
- Holds an MBA and Peruvian J.D.
Daniel Cacho
CFO, Director
- Private equity executive with over a decade of experience in metals and mining; former Head of Financial Planning at Buenaventura and CFO for Cautivo Mining
- Board member of Minera Kolpa through the sale to Endeavour Silver
- Strong financial discipline with international business education
Board of Directors
J. Alberto Arias
Director
- Mining-focused private equity investor with 30+ years of experience, specializing in metals and mining finance
- Founder of Arias Resource Capital; previously Managing Director and Head of Metals & Mining Research at Goldman Sachs and mining analyst at UBS Warburg
- Extensive Latin American mining expertise; holds degrees from Colorado School of Mines and Columbia University
Mo Fazil
Director
- 35+ years in venture capital, capital markets, and TSX listings
- Founder of private capital advisory firm; extensive fundraising track record
- Board and executive leadership across mining and energy companies
Kim Kirkland
Director
- 35+ years as project lead in production focused mining as engineer and JORC Fellow, 25+ years in South America
- Career focused on exploration programs feeding global scale production and tailings, beneficiation
- Alumnus of Barrick, Rio Tinto, MGM Ltd., AMEC Foster Wheeler PLC, McEwen Mining
Alonso Checa
Director
- 12+ years in metals M&A and investment banking
- Led Latin America mining transactions as an executive at Arias Resource Capital and participated in advisory mandates at J.P. Morgan
- Current Board member of Largo Inc., and former Board member of Compañía Minera Kolpa, with experience in its successful sale to Endeavour Silver
The Thesis
Why Invest Now?
Existing, expanding production — proven mineralization through analogues — deep "in the money" investment option.
Immediate Cash Flow
- Processing 50 tpd currently with clear path to 350 tpd
- Achieving 90%+ metallurgical recovery rates
District-Scale Exploration Potential
- 30,938 hectares in Northern Peru Gold Belt
- 7 high-priority targets identified
- Bordering Ecuador's major gold-copper system
Proven Execution
- 12 years of established community relations with social license
- 35 active production & royalty agreements
- Fully permitted for exploration and production
Investor Relations
RTO Metrics: Contracted Terms
View real-time pricing, volume, and market data for Florence One Capital (FONC.P) on TMX.
Post RTO Share Issuance & Capitalization
| Shareholder | Price | Shares |
|---|---|---|
| Cautivo Peru Vendors (Asset Roll-in) | $0.23 | 60,000,000 |
| Florence One Shareholders (Post-Cons 2:1) | $0.20 average | 8,021,000 |
| Concurrent Financing | $0.23 | 19,565,217 |
| Commission Shares | $0.23 | 1,500,000 |
| TOTAL POST-RTO | $0.23 | 89,086,217 |
Post-RTO Fully Diluted Capitalization
Use of Proceeds
CAD $4,500,000
Suyo Mining Inc: TSX.V: SUYO
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