Mining entrepreneur Kerry Harmanis has topped up his holding in...

Mining entrepreneur Kerry Harmanis has topped up his holding in junior gold explorer Gateway Mining (ASX:GML) as part of the recent $2m capital raising.This will cement his position as the company’s second-biggest holder with a 10 per cent stake.Harmanis, a former lawyer, is the founder and executive director of Jubilee Mines – a successful gold producer he sold to Swiss mining heavyweight Xstrata in 2007 for $3 billion.

That sale netted him a hefty $500m payday.

Harmanis, who was born in Adelaide to Greek parents, is among Australia’s 200 wealthiest people and has again made it on the AFR’s Financial Review Rich List with a worth of $609m in 2019, according to the Greek City Times.(The complete Financial Review Rich List is not due out until the end of May.)Harmanis got into Gateway, which has a market value of about $13.1m at a share price of 1.4c, about a year ago after he took up some of the shortfall from a rights issue.

Gateway managing director Peter Langworthy has known Harmanis since 2003.“I worked for him at Jubilee Mines and had a lot of success there, and Kerry’s been supportive and he’s generally at another level taken an interest in most things that I’ve been involved in,” he told *.“But the one thing he likes always is really fundamentally what the geology looks like.“With Gateway he recognises an emerging gold system and I think he also has taken a view on the gold price, that it’s going to remain fairly buoyant for the foreseeable future.”

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