Natural Resources >> CEO Interviews >> December 20, 2004

STEPHEN HOUGHTON – SOUTH AMERICAN GOLD & COPPER COMPANY LTD (SAG:TSX)

STEPHEN W. HOUGHTON is President and Chief Executive Officer of South American Gold and Copper Company Limited. He founded the company along with John C. Duncan in 1990 in association with David Thomson and Mario Hernandez. He is a graduate of Wharton School of Finance and Commerce of the University of Pennsylvania. He has been an initial investor in several successful companies including Cotton Petroleum Corporation, Henderson Petroleum Corporation, Geodyne Resources and an investor in Siskon Mining Company (acquired by Hanna Mining Company). He was President and CEO of Hadson Corporation from 1983 to 1989, where he led the company into a period of growth and diversification from $14 million in revenues to over $700 million during the five year period. He started his career with Morgan Guaranty Trust Company of New York; subsequently he was co-Director, Corporate Finance, at G. H. Walker & Company and First Vice President of White Weld & Company's Natural Resources Group. He is a past Trustee of Eaglebrook School in Deerfield, Massachusetts. Profile
TWST: Would you give us an overview of your operations?

Mr. Houghton: Our operations, at this moment, are concentrated primarily

on our Pimenton gold mine which is a 100% owned subsidiary of