Thursday 6 March 2014

Eager to know more about Richard Warke

Richard Warke or Richard William Warke has a vast knowledge of corporate finance and marketing especially in the area of global resource industry. He has raised around 1 billion from the equity market for the resource companies. Though his accomplishments are primarily concerned with mineral resource operations, he has also been occupied with oil and gas, forestry, technology and built-up operations.

Do know about Richard Warke?

He is an Entrepreneur by himself and is the founder of Augusta Group of Companies within which is the Augusta Resource Corporation. Richard Warke is the Executive chairman of Augusta Resource Corporation. The Company was previously known as Hol-Lac Gold mines Limited. It changed its name in the year 1997 and it is headquartered in Vancouver in Canada. 

Now what does this Augusta Resource Corporation do?

The company is at its initiation point i.e. we can say that it is in the developmental stage and is involved in acquirement and searching as well as development of natural mineral source in North America. The company has around 30, 000 acres i.e. 12, 140 hectares of patented and unpatented claims and fee land and surface grazing rights that are located in the areas of Pima country, Arizona. The main asset of the company is Rosemont project which the company owns completely, a copper mining project and some other explorations sites.

Richard Warke formerly served as the Vice president of Corporate Development at Augusta Resource Corp. from 2006 till 2008. Other than Augusta Resource Corp. he is the founder of Wildcat Silver Corporation where he is the chief executive officer since 2012. He is the chief Executive officer of Riva Gold Corp. from the year 2010. Wildcat Silver Corporation is a Canadian company which deals in exploration and highly focused on the eighty percent owned Hermosa Silver-manganese project located in Santa Cruz County of Arizona. The pre feasibility study has estimated a production of 12.2 million ounce of silver annually in the first five years of the project and 110million lbs of electrolytic manganese. The cost of silver is 4.45 dollars per ounce and the cost of manganese is 0.73 dollar per pound.  Hermosa is expected to be considered as one of the largest producer of silver and electrolytic manganese in North America.

Richard Warke is the member of the Audit Committee, Compensation Committee as well as the member of nominating and Corporate Governance Committee of the Augusta Group of Companies. Though he is such an eminent person but a very few of us actually know about Richard Warke.  One can find small write ups talking about him but you not get anything in details in most of the cases. So I thought that this article might help you know more about him and his experience and contribution towards the global resource industry.

It is important for the readers who have interest in the resource based industry to know about Richard Warke and his contribution as he has a vast experience in this area and is really doing wonders for the industry.

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