Board of Directors

Sara Heston – Chairman

Sara commenced her term as a DGG Director in December 2017. She is currently an Associate Director in the Center for Entrepreneurial Studies at the Stanford Graduate School of Business.  From 2010 to 2019, Sara was an Analyst and Vice President of Investments at ASA Gold and Precious Metals Limited where she actively managed investments in the precious metals and mining sector. Prior to joining ASA, Ms. Heston was an Analyst with White River Investments for three years. At White River she worked as a generalist with specific emphasis on the natural resources, education, financials and business services sectors. Previously, she spent three years as a technology analyst with Spinner Asset Management. Ms. Heston holds a BA in Economics from Vanderbilt University and an MBA from Columbia University.

Timothy Wood – Executive Director

Tim Wood has served as the Executive Director of The Denver Gold Group, Inc. since April 2011.

Prior to joining DGG, Tim managed retail and institutional investment conferences in the U.S. and South Africa, including Mining Indaba. Tim also has extensive experience in publishing and publishing technology having founded several publications, and as an editor for several media enterprises.

He earned a graduate degree in International Relations, and a Diploma in Business Administration, both from the University of the Witwatersrand. He read for the degrees after completing compulsory military service as a combat artillery officer at the conclusion of the Angolan war.

J. Dan Denbow – Director

Mr. J. Dan Denbow joined the Board of Directors in January 2022. Mr. J. Dan Denbow, CFA, is a private investor, independent director and advisor with 29 years of capital markets experience with the most recent 22 years spent at USAA Investment Management Company.  With USAA Mr. Denbow was an analyst and portfolio manager.  As a portfolio manager Dan was responsible for managing the Precious Metals and Minerals fund and the domestic and global dividend strategies with over $4 billion in assets under management.   Mr. Denbow is an independent director for Signature Resources and an advisor to Gemdale Gold, both are junior exploration companies with assets in Canada and Finland, respectively.  Dan is also owner and president of Denbow Oil & Gas, Inc with royalty and working interest in oil and gas production in Texas, Oklahoma, Kansas and Louisiana.

Haytham Hodaly – Director

Mr. Hodaly joined the Denver Gold Group Board of Directors in January 2019, bringing with him over 23 years of experience in the North American mining investment industry.  He is currently the Senior Vice President, Corporate Development at Wheaton Precious Metals Corp. and has held that position since 2012.  Prior to that, he worked as Director and Mining Analyst, Global Mining Research, at RBC Capital Markets and was responsible for providing, to a wide range of institutional clients around the globe, up-to-date and insightful research coverage of North American-listed precious metals companies. Prior to this, Mr. Hodaly held the position of Co-Director of Research and Senior Mining Analyst at Salman Partners Inc., in addition to holding the titles of Vice President and Director of the firm. During his tenure, he helped to establish Salman Partners Inc. as a leading independent, resource-focused and research-driven investment dealer. Mr. Hodaly is an engineer with a B.A.Sc. in Mining and Mineral Processing Engineering and a Masters of Engineering, specializing in Mineral Economics. Mr. Hodaly has also been a director of Goldsource Mines Inc. since 2017.

Andrea Maxey – Director

Andrea Maxey is VP Corporate Affairs, Community and HR with AngloGold Ashanti Australia Ltd. She has been with AngloGold since 2000, initially working in investor relations in Australia and then the United States, before returning to Australia in 2007 to become part of the company’s regional management team. Andrea is a director of the Gold Industry Group in Australia and prior to joining AngloGold Ashanti, was editor of Gold Gazette. She has a BA in Psychology, post-graduate diplomas in journalism and finance and is a graduate of the Australian Institute of Company Directors.

John Pearson – Director

John Pearson joined the Denver Gold Group Board of Directors in January 2020 and has held various senior Investor Relations and Corporate Communications roles, as well as, technical exploration roles for more than 38 years within the natural resources industry.  Mr. Pearson currently serves as Vice President of Investor Relations at Centerra Gold Inc., a positon he has held since 2006.  Prior to joining Centerra Gold he held senior investor relations and corporate communications positions with Stillwater Mining, SouthernEra Resources, Roth Investor Relations, Pegasus Gold Inc., LAC Minerals Ltd. and Canamax Resources Ltd from 1987 to 2006.

Prior to working in investor relations and corporate communications, Mr. Pearson spent six years in the mining industry as an exploration geologist for a variety of mining companies including Kerr Addison Mines, BP Resources Canada, Selco Division, and Abermin Resources.  Mr. Pearson holds an Honours Bachelor of Science degree in Geology from Lakehead University.

Mr. Pearson serves as an independent director for Marifil Mines Ltd., a junior Argentinean-based exploration company listed on the TSX Venture Stock Exchange, and has been involved with the Canadian Investor Relations Institute (CIRI) since its formation and the National Investor Relations Institute (NIRI) since 1987.

Onno Rutten – Director

Onno Rutten, Vice President, Investment Management, is a Portfolio Manager on the Mackenzie Resource Team. He was appointed to the Board of Directors of the Denver Gold Group in January 2017.

Onno’s career in the investment industry began in 2003. He joined Mackenzie Investments in 2011. Prior to joining Mackenzie Investments, Onno was a precious and base metals Equity Research Analyst and Executive Director at a large global financial services firm in Toronto. During those years, Onno developed a reputation for his detailed modeling and market judgment in commodities and equities. From 1996 to 2001, he was a Senior Process Engineer in hydrometallurgy and minerals processing for a leading global engineering consulting firm, and designed and audited mines in Africa, Australia and Canada.

Onno holds an MSc (Mining and Petroleum Engineering) from Delft University (the Netherlands), as well as an MBA from INSEAD (France).

Pamela Solly – Director

Pamela Solly joined the Board of Directors in January 2019. Ms. Solly is the Vice President of Investor Relations for Vista Gold Corp. Prior to joining Vista Gold, she was Vice President of Investor Relations for Lydian International from December 2016 through March 2019 and served as Director of Investor Relations and Corporate Responsibility for Thompson Creek Metals Company from May 2008 through November 2016. Prior to that, she was Vice President of Investor Relations for Keating Investments, following her 15-year tenure with Cyprus Amax Minerals Company. Pamela holds a Bachelor of Science degree in Business Administration and Economics from Regis University and a Master of International Management degree from the University of Denver. She is a member of the National Investor Relations Institute (NIRI) and Women in Mining.

Clifford Walter – Director

Clifford Walter, CPA, CGMA joined the Board of Directors in January 2019. Mr. Walter is owner of Caring Accounting Services, LLC which focuses on providing full service accounting for small to mid-sized closely held businesses and individuals in the greater Denver area.  His passion is advising businesses on accounting related issues and helping clients understand and interpret their financial transactions and to provide information that helps them make informed business decisions. Prior to starting his own practice, Mr. Walter was the director of accounting services for a mid-sized Denver CPA firm. His prior experience includes performing financial statement audits for over 20 years for several CPA firms.

Clifford received his Bachelor’s degree in Business Administration with Emphasis in Accounting from La Sierra University.  He is a member of the American Institute of Certified Public Accountants, Colorado Society of Certified Public Accountants and Chartered Global Management Accountants and currently holds CPA licenses to practice in Colorado and California.

 Founders Circle

  • Michele Ashby
  • Alex Bissett
  • John (Jack) W. Goth
  • Morris Hecox, Jr.
  • Mark E. Jones III
  • Ta M. Li
  • Michael Martin
  • Douglas B. Silver
  • James M. Winning