Meet our great team at the Spend Foundation

Stan Bharti

Executive Advisor

Background

Stan Bharti has over 30 years of business experience with billion dollar businesses. Stan became president of William Resources, a gold public company listed in Toronto early in his career.  Acquisitions led the team to projects in Australia, South America, Mexico, and Scandinavia. These included Sweden’s Bjorkdal gold mine and Brazil’s Jacobina gold mine. Bharti and his team built the company up from a junior gold company to one that was, by 1997, producing more than 200,000 ounces of gold annually.  In 2002, Bharti established Forbes & Manhattan, Inc. to focus on the emergence of a new bull market in the resource sector.

Forbes & Manhattan’s most successful project so far was in May 2011 when Consolidated Thompson Iron Mines, which began as a $1M dollar exploration iron ore company with assets in Quebec at the time of Forbes & Manhattan’s first involvement, was developed and sold to Cliffs Natural Resources Inc. for $4.9 billion in cash. He developed the Jacobina Mine to near production and then four years later sold the company for $735M to Yamana Gold. Their most recent exit was the sale of Avion Gold Corp. to Endeavour Mining. Endeavour Mining purchased Avion Gold Corp on October 18, 2012 for US$389 million.