Forbes Manhattan

Forbes & Manhattan recently commemorated and reflected on the 20-year anniversary of continuous production of the Jacobina Gold Mine.

The Jacobina gold mine located in state of Bahia, Brazil ceased operations in 1998 by the previous owner and was purchased by Forbes & Manhattan in 2002.

Forbes & Manhattan lead by Stan Bharti saw potential where others did not. With a team of highly qualified professionals, Forbes & Manhattan secured financing, undertook Exploration, Permitting, Engineering, Mine development, and Construction using the best mining technology. Co-ordinating a multidiscipline fast-track approach Forbes started these activities in 2002 and achieved commercial gold production at Jacobina in 2005. At that time, no one was confident that this undervalued mining asset could turn into a top-tier gold mining project. Forbes & Manhattan sold the Jacobina gold mine to Yamana Gold in 2006.

Stan Bharti, founder of Forbes & Manhattan commented. “As I often say, anyone can pay a billion dollars to buy a good asset and get an 8% return, but the real value is unlocked by buying undervalued and distressed assets, working with a team of great and motivated people, and turning them around. That is what we do at F&M, we unlock the value of high-potential assets, turning undervalued assets into world-class operations.”

Jacobina is a prime example of this - a world-class gold mine with an impressive mineral reserve and resource base, a strong and growing production profile and a key mining asset of Yamana Gold, producing 186,206 ounces of gold in 2021.

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“Congratulations to Paul Anka, a close friend and Special Advisor to Forbes & Manhattan Group, on receipt of the “Officer in the National Order of Merit”, a top honour, from the President of France, Mr. Marcon. Mr. Anka is a world-renowned artist and musician, originally from Canada.

He is best known for his signature hit songs including "Diana", "Lonely Boy", "Put Your Head on My Shoulder", and "(You're) Having My Baby". Anka also wrote the theme for The Tonight Show Starring Johnny Carson; one of Tom Jones' biggest hits, "She's a Lady"; and the English lyrics to Claude François and Jacques Revaux's music for Frank Sinatra's signature song "My Way", which has been recorded by many, including Elvis Presley. Three songs he co-wrote with Michael Jackson: "This Is It" (originally titled "I Never Heard")[1] "Love Never Felt So Good", and "Don't Matter to Me", which became posthumous hits for Jackson in 2009, 2014, and 2018, respectively.

Congratulations Paul. We love you."

- Stan Bharti

Flora Growth, a leading all-outdoor cultivator and manufacturer of global cannabis products and brands, has announced it has signed a Letter of Intent to acquire 100% of the outstanding equity interests of Switzerland-based Kich & Gsell and its wholly-owned h**p brand, Heimat.

Read the full release here: https://www.forbesmanhattan.com/news/flora-06-14-21/