Apex is led by a highly experienced team that founded Trident Royalties plc prior to its acquisition by Deterra Royalties for £144 million in 2024. Collectively the team has over 100 years’ multi-disciplinary experience in the metals & mining sector.

Al Gourley

Chair and Co-Founder

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Biography

Al is the Chair of Apex Royalties. He is also the Vice-Chair of BG Gold Capital II Corp. where he is responsible for Community Engagement, Environmental and Legal matters. During his career, Al has been the Chair of Trident Royalties plc., the CEO of an industrial mineral producer, Senior Counsel to Noranda, and a director of many public mining and mineral exploration companies.

Al is recognised as a global authority in mining and natural resources law and for many years was the Managing Partner of the London and Johannesburg offices of Fasken, a leading international law firm. Al also established the World Association of Mining Lawyers (WAOML) and served as its first Chair for ten years.

Al holds a Bachelor of Business Administration from the Schulich School of Business and a Bachelor of Laws from the University of Ottawa. Al currently sits on the International Advisory Council to the Schulich School of Business.

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Diversified Strategy

Apex’s diversified approach allows it to pursue superior returns by capitalising on cyclically mis-priced opportunities across commodity cycles

Diversification drives a cycle of enhanced returns

A diversified portfolio lowers volatility, leading to higher quality of earnings which unlocks a lower cost of capital, leading to higher NAVs and an ability to be more competitive in securing further acquisitions, creating greater diversification.

Commodity diversification

Apex will invest in all minerals (with the exception of thermal coal). We have a preference for mainstream and future facing commodities but can invest in niche commodities subject to appropriate returns.

Geographic diversification

Apex’s global mandate allows us to access opportunities across the world, however, typically we focus on established mining royalty jurisdictions with a preference for OECD countries.

Asset stage diversification

We will invest across the full spectrum of a mining asset’s life cycle. Whilst we have a preference for production and near production assets, we invest in earlier stage opportunities where appropriate risk adjusted returns are available and where there is a pathway to a large scale asset.

Our Team

Apex is led by a highly experienced team that founded Trident Royalties plc prior to its acquisition by Deterra Royalties for £144 million in 2024. Collectively the team has over 100 years’ multi-disciplinary experience in the metals & mining sector.

Al Gourley

Biography

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Diversified Strategy

Apex’s diversified approach allows it to pursue superior returns by capitalising on cyclically mis-priced opportunities across commodity cycles

Diversification drives a cycle of enhanced returns

Commodity diversification

Geographic diversification

Asset stage diversification

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Get In Touch With Us

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