The Premier Showcase of American Mining

Douglas B. Silver

                                DOUGLAS B. SILVER

                               1955 – Present

Douglas Balfour Silver is an explorationist, mineral economist and financier who is well-known for his keen wit and sense of humor. His many-fold contributions to the industry have produced mineral discoveries, resolved disputes, built companies, created shareholder wealth, and enhanced the careers of countless professionals.
 

An economic geologist from the University of Arizona (UA), Mr. Silver began his career in 1980 as an exploration geologist for the Anaconda Minerals Company. There, he was one of the principal discoverers of the Silver Creek molybdenum deposit in Colorado that led to his promotion on Anaconda’s newly-formed acquisition team. Thereafter, he began his twenty-year practice as a technical and economic consultant to the global minerals industry, primarily under the banner Balfour Holdings, but also with Noranda, Bond International Gold, and Pincock Allen & Holt. He was involved in every dimension of the minerals business, from exploration, public company financing and investor relations to high-profile transaction analysis, due diligence investigations and litigation support. The comprehensive databases which Mr. Silver developed on mineral deposits, business information and property transactions had never existed before, nor are they likely to be replicated. These made Mr. Silver the go-to expert whenever critical resource assessment or economic valuation was required.

 

Mr. Silver founded International Royalty Corporation (IRC) in 2003, applying a royalty-based business model to all mineral commodities. In 2005, he took IRC public on the Toronto Stock Exchange and raised CAD$192 million; Canada’s largest mining-based financing that year. IRC acquired an extensive royalty portfolio, the flagship of which was INCO’s Voisey’s Bay nickel deposit. As Chairman and CEO, Mr. Silver and his team grew IRC’s royalty assets to include gold, silver, copper, coal and industrial minerals. IRC became a barometer of mining sector health and commanded wide shareholder interest.

 

Following the sale of IRC to Royal Gold in 2010 for CAD$745 million, Mr. Silver joined the private equity firm Red Kite Management as a portfolio manager. In 2013, Red Kite’s US$1 billion-plus assets were spun off as Orion Resource Partners, where only four years later, they sold their new royalty portfolio for CAD$1.1 billion and now manage more than US$4 billion.

 

Not only is Mr. Silver an industry thought leader; he gives back. In 1989, he was the principal founder of the Denver Gold Group which is now the senior-most gold investor forum. He has been the only person to deliver a keynote address at the Society of Mining, Metallurgy, and Exploration Annual Meeting twice and has moderated the session four times. He has presented at over 100 professional conferences and most mining trade organizations and has authored nearly 80 articles in industry journals. He has testified several times before the US House of Representatives and Senate Energy and Mineral Resource subcommittees on issues such as the Mining Law of 1872. He is a tireless supporter of the UA and a former member of both its College of Science and Engineering Advisory Boards. 

 

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