Our purpose is to breathe life into new ventures and help grow and sustain them.
We have an entrepreneurial culture and a business platform that creates substantial value for shareholders, local economies and host communities.
We are a fully integrated mining house, with skill-sets in resource discovery and development, mine operations and production, capital markets, and business development. We are developers, permitters, fundraisers, explorers, branders and mine-builders. At our core, we are all problem-solvers. We identify the target opportunity, acquire the assets and build proven teams to unearth value. It is bespoke; it is customized; it is creative.
Our DNA was built and ingrained in the founding and advancement of Fronteer Gold and Aurora Energy Resources, two companies underpinned by exceptional development projects with highly strategic production attributes. In 2011, Aurora sold for $260 million as a wholly owned subsidiary of Fronteer. Subsequently, Fronteer sold for $2.3 billion in cash.
As part of the Fronteer sale, and with our entire team still intact, we created Liberty Gold. This heralded a new beginning, giving us the momentum to create a sustainable platform that could support our next generation of resource companies by sharing services, leveraging our collective experience and expertise, and applying the same approach to exploration, growth and value creation that supported Fronteer and Aurora.
Under Oxygen, the formation of Liberty Gold was followed closely by Pure Gold, Blue Gold, True North Nickel, Discovery Metals and most recently, Sun Metals. These companies are characterized by some of the most exciting gold, copper, silver, lead, zinc and near-term production projects in the world. In 2013, Blue Gold merged to create True Gold which was sold in 2016. True North Nickel was sold in 2015. Liberty Gold, Pure Gold and Discovery Metals are on solid financial footing and well-positioned to execute on its business plan.
Oxygen creates wealth and opportunity from seeing value where others have not. We are attracted to data rich projects that allow us to create value.
We will continue to rely on our proven approach to exploration, discovery and mine-building. Going forward, we stand as one of the very few teams that have developed a sustainable model for advancing and financing resource projects, at all stages of the mining cycle.