R David Russell's career has been predominantly focused on the development of resource assets in North America (US, Canada, Mexico) as well as Northern Tajikistan. The first 10 year was focused on engineering and management of resource based mining operations in the US. The subsequent 20 years has been spent on entrepreneurial company and asset development. This required a team effort on executive levels to source undervalued resource assets, develop a resource base, work with local, state and federal agencies for environmental permits for the assets, work with communities on impacts to such communities, finance and implementation of the strategic plans to develop the assets.
Feasibility & Design
Project capital tracking
Profit & Loss Focus
Executive Vision and Mission Leader
Business Structure and Organization
Government Agency Experience
Communication & Public Speaker
Board of Director Experience
Specific highlights for Mr Russell have been as Follows:
Developed and launched several Companies as the founder and executive team builder and they are as follows:
2013 - Current - Project evaluation and bidding for our Pure Nickel Gold Company
2011-2013 founder a UK Isle of Man Company with asset focus in Northern Tajikistan with the government as our partner.
2000 - 2010 founder and team developer for a new startup gold company which required all skills in assets analyzed, valued and acquisition of the assets. The company was successful and taken public.
1995 - 1999 - Reorganized a gold company through management changes, redesign, team work and a spin out from the parent company and launched and new gold company that was extremely successful for our team and investors
Director / OwnerJan 2014 ORO GRANDE MINING LLC
CEO / OwnerJan 2014 to Current Oro Grande Mining LLC, Private Company
CEOJan 2014 to Current Oro Grande Mining LLC
Oro Grande Mining LLC is a private Wyoming company owned and managed by R.
David Russell and partner.
The company focus hasbeen on identifying undervalued gold and silver assets for acquisition in North America.
The work covered property evaluation of gold, silver and base metal assets, feasibility and project bidding.
Some of the projects worked on were Snow Lake, Manitoba, New Britannia Mine the Florida Canyon and Standard Mines, the Pan Project and Northumberland Mine Project in Nevada.
DirectorJun 2011 to Jun 2013 FIRE RIVER GOLD
JAGUAR MINING (JAG: TSX.V) - Interim-Non-Executive Director, May - June 2014 during transition after CCAA, committee members of the Audit and Technical committees.
GENERAL MOLYBDENUM (GMO: AMEX & TSX) - Non-Exec Director from 2002 to December 2013, member of the Finance and Technical committees.
CENTRAL ASIA MINERALS AND RESOURCES (ISDX Market UK : CMRP) Executive Director, and Technical committee member.
Non-Exec Interim DirectorJan 2011 to Sep 2012 TSX.V
Director & CEOJan 2011 to Dec 2013
Jan 2011 to Dec 2013 Central Asia Minerals and Resources CAMAR
UK ISDX Market) - Director, President & CEO.
Central Asia Minerals and Resources PLC (CAMAR) is an Isles of Man Company and was listed on the UK, ISDX Market.
CAMAR is an investment vehicle whose purpose is to identify investment opportunities within the minerals and resources sector, principally within developing countries of central Asia.
The CAMAR Companies first investment was a Joint Venture (JV) for gold and silver assets in Northern Tajikistan with the Tajikistan Government.
The initial project was called the Aprelevka JV.
The gold assets were located near the town of Kushand and abutted the Uzbekistan and Kyrgyzstan border with Tajikistan in the Tien Shan Gold Belt area.
The earn-in JV was to be up to a 67% ownership in the JV.
We raised the exploration and operating capital in London and Singapore for the JV.
The exploration program advanced the known gold areas as well as identified several new areas of gold mineralization.
The JV was a success in redeveloping several open pit mines and one underground mine, rebuilding a CIL mill circuit as well as building the first test heap leach operation.
CAMAR completed the earn-in criteria for the 67% JV ownership.
However, the Tajik government only allowed the earn-in up to 49.9%.
The additional 17.1% was held up by the Tajik government and they have not, at this time, honored the full JV contract for CAMAR's controlling position.
The 49.9% ownership is now being sold to a Russian Mining company.
Completion date for the sale of the CAMAR portion of the JV is targeted for late 2016.
Founder / CEO, President and DirectorMar 2000 to Jun 2010 Apollo Gold Corporation
Executive DirectorJan 2000 to Jun 2010 APOLLO GOLD
Member of the Technical committee.
President, CEO, FounderFeb 2000 to Jul 2010 APOLLO GOLD INC － Denver, Colorado
President , C E O , F ounder (APG: TSX) (AGT: AMEX) As founder and CEO of Apollo Gold (Former Nevoro Gold Private Nevada Company) I put together a startup management team and seed capital to acquire gold - silver assets that were extremely undervalued in a low gold market.
What started as a private company in January 2000 evolved into a publicly-traded company on the TSX as Apollo Gold by July of 2002 through a plan of arrangement with a shell company, International Pursuit.
The primary gold, silver and base metal operating assets acquired by Apollo Gold, explored and placed into production over the ten year period were as follows: Assets Acquired (Post Bankruptcy of Pegasus Gold) Montana Tunnels (MT) Mine near Helena, Montana.
Under Apollo Gold, the MT mine was refinanced and brought back into production by June 2002 and operated through February 2010.
The mine was an open pit with a 15,000 tpd complex flotation mill.
Concentrate was shipped to Tech Metals in Trail, BC.
Production per year was 40,000 - 50,000 ozs of gold, 800,000 ozs of silver, 13 M lbs of Lead and 40 M lbs of Zinc.
Florida Canyon (FC) Mine near Winnemucca, Nevada.
Under Apollo Gold, the FC mine was refinanced and reconstructed and in full production by June 2002.
A satellite mine to FC, known as the Standard Mine, was also permitted, financed and constructed and placed into production in 2005.
Both mines were open pit and heap leach operations with a gold recovery circuit to pour dore gold and silver.
Production ranged from 50,000 to 85,000 ounces of gold-silver equivalent per year.
Flagship Mine for Apollo Gold Black Fox Mine near Timmins, Ontario, Canada.
Under Apollo Gold, the Black Fox project was acquired from the Exall - Glimmer JV in August of 2002.
The project was brought through five years of exploration and development.
Approximately 745,000 feet (240,000 meters) of core was drilled to define the Black Fox ore reserve and resource areas.
An additional 6,200 feet (2000 meters) of underground drifting and development platform was completed to drill the underground on approximately 38 foot (12.5 meter) centers.
Approximately 1.7 M ounces of gold was placed in the reserve category and 700,000 in the resource category.
The global resource base was estimated at 4 M ounces of gold.
Test mining, feasibility, permitting, First Nations agreement, financing and mill construction was completed by mid-2009.
The mine started pre-stripping the open pit in 2008, Mill reconstruction was completed from 800 to 2,200 tpd and by May 2009 the gold mine was placed into commercial production at 2,200 tpd and was scheduled to produce approximately 80,000 of gold per year.
Total capital spent on the project was approximately $150 M.
Note: The Black Fox Mine is still in production today under ownership by Primero Mining (PPP:NYSE).
Apollo Gold - Exploration Projects Huizopa Exploration Project, Sierra Madre Mountains in Northern Mexico.
Geology, exploration and core drilling, with helicopter support access, was conducted on the exploration concessions.
Several gold - silver targets were developed with one primary gold vein discovery.
The project was approximately a $12 M greenfield-type of exploration project.
Apollo Gold - Company Financing through the various stages of development of Apollo Gold was completed through owner financing initially from 2000 - 2002.
As the company went public in mid-2002, equity bankers were utilized.
The various bankers utilized in financing were BMO Nesbitt Burns, Regents Mercantile Bancorp and Haywood Securities.
Equity Financing was completed for the various mine project rebuilds and for the Black Fox mine and mill construction.
Additional debt financing of $75 M for the Black Fox project was completed through two banks which were Macquarie and Rand Mercantile Bank.
Apollo Gold - Brigus Gold Merger - On June 24, 2010, Apollo Gold merged with Linear Gold toforma more rob ustgoldcompany under a plan of arrangement.
The company was rebranded as Brigus Gold (BRD: TSX) and remained on the TSX exchange.
In 2014, BRD was acquired by Primero Mining (PPP : NYSE & P:TSX).
VP & COOFeb 1995 to Dec 1999
GGO : TSX) / Placer Dome Gold (PDG : TSX).
VP & COO Getchell GoldFeb 1995 to Dec 1999
APG : NY & GGO:TSX) / Placer Dome Gold (PDG : TSX - Post Merger).
In the position of Vice President and Chief Operating Officer for Getchell Gold, my primary responsibility was working with the CEO, executive team and Board of Directors on rebuilding the gold company from its predecessor First Mississippi Corporation (First-Miss) into the Getchell Gold Company.
The initial work was to restructure the corporate entity and to spin out the company from the First Miss parent corporation and relist the company on it's own trading platform, as Getchell Gold.
An additional trading platform was also acquired on the TSX exchange.
Restructuring at the mine site was also completed.
Our primary gold and silver operating asset over the five year period was as follows:.
Getchell open pit(s) and underground mine(s) and milling complex near Winnemucca, Nevada.
The mining operations consisted of two open pit operations and two underground mechanized mines as well as a complex pressure oxidation mill for ore processing.
The Getchell / Turquoise Ridge operations combined produced approximately 3200 tpd of ore and +200,000 oz of gold per year.
With our discovery of the Turquoise Ridge gold deposit we were able to explore, drill-off the deposit, take the deposit through bankable feasibility, equity finance and ultimately develop the Turquoise Ridge underground project.
Through exploration, +2 M ounces of gold were placed into the reserve categories and +12 M ounces of gold were placed into the global resource categories.
Total capital raised for the discovery, feasibility study, development and reconstruction of the assets was approximately $300 M in equity in three different traunches of equity financing.
Our primary investment banker was BMO Nesbitt Burns.
The development of the operations was 100% equity financed.
During December of 1998 to May 1999 a business combination / merger with Placer Dome Gold was completed.
I worked with the CEO and executive team for Placer Dome after the merger to insure continuity of the assets from May 1999 until December 1999.
VP & General ManagerJan 1994 to Jan 1995
VP General ManagerJan 1994 to Jan 1995 U.S. Operations LAC Minerals : TSX / Barrick Gold
As VP and General Manager U.S.
operations I worked directly for the Lac North America President & CEO located in Toronto.
My responsibilities included operating various mines in the western U.S.
The operations were as follows: Bullfrog open pit and underground mines located in southwestern Nevada; the Richmond Hill open pit mine located near Lead, South Dakota, Ortiz Project located near Santa Fe, New Mexico, and the Coliseum mine reclamation project located in west central California.
A brief description of the Bullfrog operations includes: Mine Type: Open Pit- Bullfrog / Montgomery Shoshone Open Pits (10,000tpd) Mine Type: Underground- Bullfrog North Ore Body Extension (1,000 tpd) Mill Type: Crush, Grind, CIL with recovery of gold-silver into Dore Metals: Au-- 325,000 oz Au per annum (Ag Byproduct) Richmond Hill Mine - Finished the Heap Leach and started reclamation.
Ortiz Exploration Project - 1.0 M ounces in underground resources was a permitting and feasibility project.
Coliseum Mine was in closure and reclamation.
In 1995 LAC Minerals was taken over in a hostile takeover bid by Barrick Gold.
Post-merger, I continued on with Barrick Gold for an additional six months working for Bob Smith, President of Barrick, in the reorganization and prioritization of the Lac Assets.
General ManagerJun 1993 to Apr 1994 Underground Mining, Independence Mining － Elko, Nevada
As General Manager of underground mining, my responsibilities included the supervision of all engineering feasibility, design, associated studies, mine development work on through to production of the underground mines.
This included management of all contractors and engineering personnel associated with the development of the West Generator and Murray Mines.
Mine(s) and mill production was +200,000 of gold per year.
Additional responsibilities were related to merger and acquisition review for the company.
General Project ManagerJan 1992 to Jun 1993 Hecla Mining Co NYSE, Coeur d' Alene, Idaho
As General Project Manager for Hecla's underground Gold Hunter project my responsibilities were to guide the advanced - staged exploration/ development project that was conducted out of the Lucky Friday Mine, near Mullan, Idaho.
The scope of the Gold Hunter project was to define an economic mineable resource of Ag, Pb and Zn ore to bring the mill and mine complex back to full production capacity.
Upon completion of the underground excavation work and feasibility study an economic ore body was defined and is currently in full production.
Additional work responsibilities with Hecla included property evaluations for merger or acquisition.
General ManagerAug 1988 to Sep 1992
General ManagerJan 1987 to Jan 1988
Black Cloud Underground Mine, Leadville, Colorado, UG -- 1,000 tpd Operation (Au, Ag, Pb & Zn) - 2,000 ft.
deep shaft access.
General ManagerJan 1986 to Jan 1987
Coeur Underground Mine, Wallace, Idaho, UG -700 tpd UG --.
Operations (Ag, Cu) - 4,000 ft deep shaft access.
Three month interim intercompany consultant loaned to the ASARCO Coal Division to reassess the Rapatee Coal Strip Mine located east of Peoria, Illinois).
General Operations ManagerJan 1985 to Jan 1986 Troy Underground Mine － Troy, Montana