Industry mourns the loss of industry giant Stuart ‘Tookie’ Angus

Sympathies continue to pour in following the passing last week of industry veteran Stuart ‘Tookie’ Angus.

Angus was a prominent figure on Vancouver’s Howe Street for over four decades, working as a lawyer before transitioning to entrepreneurship and investing. He was a well-respected business advisor to the industry, an admired leader, and a mentor.

As the chairman of K92 Mining (TSX: KNT) since the company’s inception, Angus helped guide it through its acquisition of the transformational Kainantu project in Papua New Guinea in 2014.

“Considered a giant of the mining industry for over 40 years, Tookie brought a tremendous passion to everything he did, including structuring, financing and advising on many significant business ventures,” K92 said in a Mar. 27 statement

Angus held an extensive legal and mining background, including leading Fasken’s Global Mining Group and serving as managing director of mergers and acquisitions for Endeavour Financial. In addition to chairing the K92 board, Angus was also chairman of Sun Summit Minerals (CSE: SMN) and Kenadyr Mining (TSXV: KEN).

Angus is also remembered for his strong passion for philanthropy as a donor and a mentor.

“Tookie was a true giant in our industry, and Midnight Sun was both fortunate and honoured to have had him as an advisor, shareholder, and friend for the past number of years,” said president and CEO of Midnight Sun Resources (TSXV: MMA), Al Fabbro in a release of Angus, a strategic advisor to the company. “The legacy he leaves behind will not be forgotten. Many will feel his loss, and we offer his family our sincere condolences.”

Angus was a board member of Dynasty Gold (TSXV: DYG) and was involved with the company for 27 years. In a release describing him as a “kind soul,” president and CEO Ivy Chong said it was “a great privilege to work with Tookie” and benefit from his wisdom and guidance.

“He was an insightful mentor, a friend and a long-time supporter of Dynasty Gold,” Chong said. “Tookie always had time for us. We wish to express our deepest condolences to his family and are grateful that he made Dynasty Gold a part of his life.”

Angus was a significant company owner and acted as a strategic advisor to Falcon Resources (TSXV: FG).

Angus was also previously chairman of the Board of B.C. Sugar Refinery, a director of First Quantum Minerals (TSX: FM), a director of Canico Resource until its takeover by Brazil’s CVRD in 2005, a director of Bema Gold until its takeover by Kinross Gold (TSX: K; NYSE: KGC) in 2007, a director of Ventana Gold until its takeover by AUX Canada Acquisition in 2011, and a director of Plutonic Power Corp. until its merger with Magma Energy in 2011. Angus resigned as chairman of Nevsun Resources following its acquisition of Reservoir Minerals in 2017.

It is reported that Angus passed away peacefully, surrounded by family.