Long-term vision.
Sustainable design.
Safe operations.

The Varvara Development Group is formed from some of the mining industry’s most successful investors, builders and innovators. The group has an exceptional track record in creating lasting benefits for all stakeholders in our projects. 

Group Leadership

Our leadership team has overseen the build, financing and operation of billions of dollars of sustainable mining projects and is expertly attuned to the markets in which we invest. The team leverages the world-leading expertise within our group partners, comprising over 280 engineers, mining specialists, environmental experts, community and social development leaders and finance practitioners.

Our Partners

Our group partners have been responsible for billions of dollars of mining investment, creating state-of-the-art operations with a fundamental emphasis on safety and sustainability. Projects and investments have been recognized by governments as strategic major projects and exemplary cases of mining with environmental, social and legal safeguards.

Dan Myerson
Dan Myerson mining entrepreneur, Foran CEO and Chairman:

Mr. Dan Myerson serves as Executive Chairman and Chief Executive Officer of Foran Mining Corporation, a recognized leader in carbon-neutral mining with a strong commitment to environmental responsibility and community integration. The Prime Minister of Canada, Mark Carney, recently designated Foran’s mine one of 5 “nation-building projects” out of 10,000 applicants. He praised the company for its job creation, its contribution to infrastructure and economic growth and for the expectation that it will be first net-zero critical minerals project in Canada.

G Mining, project development specialists:

G Mining is a global mining engineering and investment group headquartered in Canada, and is widely recognized for its ability to deliver high quality projects to sustainable designs. The G Mining group has recently completed the construction of a gold mine in Brazil and is undertaking the construction of a gold mine in Guyana. G Mining has been an important partner in 94 projects, including large scale mines across five continents.

Value beyond minerals

We believe that by applying modern and responsible mining practices, VarDev can significantly contribute to the sustainable development of the societies in which we operate. Key benefits of VarDev’s investment include:

Job creation and local employment, from direct mining roles to supporting industries. 

Skills transfer and workforce training, building a skilled local talent base.

Fiscal contributions, such as taxes, royalties, payroll and other government revenues.

Infrastructure development, including roads, power, and communications networks that benefit wider communities.

Environmental stewardship, including land rehabilitation, water and biodiversity protection and minimizing negative impacts.

Opportunities for local enterprises, stimulating suppliers and other companies benefitting from increased economic activities.

The securing of critical minerals for national use or export.

VarDev holds its employees and the employees of our subsidiaries to the highest ethical standards and we are exacting in our expectations of the sustainability performance of our projects and partners.

Recent success stories from our group partners

These projects reflect the successful realization of our long-term vision for sustainable and safe mining operations.

McIlvenna Bay Critical Minerals Mine

Since Dan Myerson took over as CEO in 2021, the company has greatly expanded its resource base through exploration, navigated robust permitting and environmental conditions, secured over US$1.2B of financing and is currently well advanced through construction.  The mine is being designed to take advantage of the latest technological advances as well as planning for future improvements, reducing emissions and continually enhancing mine safety and efficiency.

Tocantinzinho Precious Metals Mine

G Mining Ventures acquired Tocantinzinho from Eldorado for $115 million in 2021. Over the next 12 months, the company updated the feasibility study, secured $481 million to finance the mine construction and announced its decision to begin construction at Tocantinzinho. In 2024, the company declared commercial production at Tocantinzinho, achieving this milestone on time and on budget and in less than two years from beginning construction.

Our Numbers Rock

Per year to Government in Annual Fiscal Contributions through taxes and royalties
Short Term Investments (Phase 1) in local workforce training and infrastructures
Already invested in engineering and project development in Hunedoara, Romania
Copper: Power grid for clean energies
Gold: High-Tech and communications
Employment during Construction (2025–2026)
New Employment during Operation

Our commitment to our stakeholders and host communities

We hold our employees and the employees of our subsidiaries to the highest ethical standards . We are committed to behaving with integrity and to be exacting in our expectations of the sustainability performance of our projects and partners.  

Our Partners

Our group partners have been responsible for billions of dollars of mining investment, creating state-of-the-art operations with a fundamental emphasis on safety and sustainability. Projects and investments have been recognised by governments as strategic major projects and exemplary cases of mining with environmental, social and legal safeguards.

Dan Myerson mining entrepreneur, Foran CEO and Chairman:

Mr. Dan Myerson serves as Executive Chairman and Chief Executive Officer of Foran Mining Corporation, a recognized leader in carbon-neutral mining with a strong commitment to environmental responsibility and community integration. The Prime Minister of Canada, Mark Carney, recently designated Foran as undertaking a “nation building project” and praised the company for its job creation, contribution to infrastructure and economic growth and the expectation that it will be first net zero copper project in Canada.

G Mining, project development specialists:

G Mining is a global mining engineering and investment group headquartered in Canada, and widely recognized for its ability to deliver high quality projects to sustainable designs. The G Mining group has recently completed the construction of a gold mine in Brazil and is undertaking the construction of a gold mine in Guyana. Recent success from group’s 94 engineering and project execution partnerships include the construction of Fruta del Norte, Ecuador and the Greenstone mine in Canada.

Beedie Capital, leading industrial development investor:

Beedie Capital is a direct investment platform that manages assets for Beedie, one of the most successful industrial and residential development companies in Canada. Recent mining investments include funding Artemis Gold’s development of the Backwater Gold project in Canada and Integra Resources’ projects in the USA.

Mills Dunlop Capital partners, resource finance experts with deep capital markets experience:

MDCP is a Canadian investment advisory firm with an established track record of assisting mining companies and investors. MDCP provides tailored investment advice and equity raising for corporations, institutional investors, family offices, and high-net worth investors.

LOGIN