Exploration & Development
Tailings & Rock dumps
Solutions for ASM
Pre-pay & Trading
philoro through its Co-investor model works with partners who share similar objectives in order to, provide greater finance to worthy partners and projects.
Simplifying the Investment Process
To ensure efficiency, philoro GLOBAL TRADING would like to share the following about their Investment Decision process.
We run a thorough KYC process with verification on all parties that will be associated. To be successful we require absolute transparency upfront.
For all longer-term investments we will complete a full Due Diligence. By providing Competent Person (SAMREC, JORC, 43-101, etc.) reports we can expedite this process.
For pre-pay deals with new suppliers, we will need a form of security for initial transactions, and we will need to verify your suppliers and risk management process (inline with OECD guidelines).
1. Initiate KYC
On confirming the likelihood of a formal interaction with a counterparty kick-off KYC
1.1 Notify Compliance Team
1.2 Clarify all parties involved
1.3 Issue pGT KYC forms*
1.4 Complete basic verification of details
1.5 Coordinate receipt of verified copies
2. Perform due diligence
2.1 Perform screening
2.2 Conduct risk assessment
2.3 Apply risk rating
5. ENHANCED due diligence
3.1 Approve counterparty and greenlight to formally engage
Approve with conditions to be satisfied (ongoing monitoring)
4. Ongoing Verification
4.1. Ongoing verification triggered by:
- Material change in context related to the counterparty or deals
- Material change in volumes or sources of precious metals
- Other risks / flags
- Annual Management Review
*The KYC Forms and Risk Assessment Template are revised to stay up to date with changing regulations, expectations and newly identified risks