Richard Warke

Richard William Warke is a Canadian billionaire businessman based in Vancouver, British Columbia. He is the chairman of the Augusta Group of Companies, including Titan Mining Corp.

Richard Warke
NationalityCanadian
OccupationBusinessman
TitleChairman, Augusta Group of Companies

Career

Warke began his career in the mining industry over thirty years ago. One of his first large mining deals was the sale of Ventana Gold Corp. in 2011 to Eike Batista[1][2] for C$1.6 billion.[3] Ventana Gold was a gold company focused on developing its La Bodega Project covering 880 hectares in the California-Vetas district of Colombia.[4]

Three years after the sale of Ventana Gold, in 2014, Warke sold Augusta Resource Corp., an exploration company focused on the Rosemont Copper project in Pima County, Arizona.[5] As the company’s Executive Chairman, Warke led Augusta Resource Corp. until it was sold in a friendly takeover to HudBay Minerals Inc. for C$666 million.[6]

In 2016, Warke turned his attention to building NewCastle Gold,[7] a company exploring at the Castle Mountain Gold Project, a past-producing heap-leach gold mine in San Bernardino County, California. Warke and his team at NewCastle Gold began aggressively drilling at Castle Mountain, with a successful three-way merger announced one year later,[8] resulting in the creation of Equinox Gold in a deal valued at C$200 million.[9]

In one of the largest mining deals of 2018, Warke sold Arizona Mining Inc., which he founded in 2006 and led as its Executive Chairman.[3][10] Developing a zinc, lead and silver mine near the U.S. and Mexico border, Arizona Mining gained recognition for its discovery of the Taylor deposit, one of the world’s largest zinc deposits, which was discovered by Don Taylor.[11] In 2018, Arizona Mining was bought out for C$2.1 billion by Australian miner, South32.[12][13]

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References
  1. Lam, Eric (December 14, 2016). "Top Canadian mutual fund manager bullish on oil services for 2017". The Globe and Mail. Retrieved 12 December 2018.
  2. Bouw, Brenda (February 14, 2011). "Brazil's Eike Batista snags Ventana Gold". The Globe and Mail. Retrieved 12 December 2018.
  3. Friedman, Gabriel (June 18, 2018). "Why Arizona Mining executives want to cash out early from one of the world's top 5 mining projects". Financial Post. Retrieved 12 December 2018.
  4. "La Bodega Project".
  5. Koven, Peter (June 23, 2014). "Augusta Resource Corp agrees to HudBay Minerals Inc sweetened takeover offer". Financial Post. Retrieved 18 December 2018.
  6. "NewCastle Gold and Catalyst Copper Announce Merger to Strengthen Board and Provide Financial Flexibility". Retrieved 18 December 2018.
  7. "Gold Mining Titans Warke And Panneton Grow A Beauty In California". Seeking Alpha. September 7, 2016. Retrieved 16 May 2019.
  8. "Trek Mining, NewCastle Gold and Anfield Gold Announce Business Combination to Create Equinox Gold". Equinox Gold. October 25, 2017. Retrieved 16 May 2019.
  9. "What's Next for Richard Warke Following a Series of Successful Mining Ventures?". Investment Watch. September 27, 2018. Retrieved 16 May 2019.
  10. "Mining billionaire Richard Warke's rise to prominence". The Toronto Sun. November 20, 2018. Retrieved 12 December 2018.
  11. "World's Largest Zinc Deposit Discovered By Arizona Mining". Kitco News. March 4, 2018. Retrieved 12 December 2018.
  12. CNBC (10 August 2018). "South32 completes acquisition of Arizona Mining". www.cnbc.com.
  13. "South32 buys Arizona Mining for US$1.3 billion". 18 June 2018.
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