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Raymond W. Threlkeld Inductee #252

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A geologist with over 40 years of extensive experience in mineral exploration, mine operations and construction, acquisition and senior executive management, Threlkeld is a discoverer and developer of world-class deposits and a creator of shareholder value.  He is credited as co-discoverer of the Bear Track gold deposit in Idaho and with the redirection of the Silver Bears exploration program, leading to the development of Russia’s Mangaziesky silver district. Threlkeld's technical expertise leading teams through exploration, reserve estimates, feasibility studies, and construction and operations led to successful gold mines in Australia - Cowal Gold Mine;  Argentina - Veledaro; Peru - Lagunas Norte (Alto Chicama) and Pierina; and, Bulyanhulu in Tanzania. At Pierina and Bulyanhulu, he was instrumental in introducing cutting-edge social development and sustainability initiatives, improving family health and local business. At Pierina his team developed the deposit in record time. The Pierina Mine produced over 8 million ounces of gold in a 20 year period and launched Barrick Gold to the top of the South American mining industry.  In senior executive positions with Barrick Gold, Western Goldfields, Newmarket Gold, Inc., and Rainy River Resources among others, Threlkeld has been involved in the acquisition of more than $1 billion in assets, managed an estimated $1.4 billion in construction spending and created billions in shareholder value. As President and CEO of Western Goldfields, he commissioned the Mesquite Gold Mine in California on time and budget, resulting in the company's market capitalization increasing from $12 million to more than $300 million. While CEO of Rainy River Resources, he led the team that completed permitting and feasibility studies, increasing gold resources to over 6 million ounces. Rainy River was sold to New Gold, Inc. As Chairman of Newmarket Gold, Inc., his team sold the company for more than $1 billion in 2016. The sale of Newmarket Gold created over $4 billion in value for the Newmarket shareholders from an initial acquisition cost of $25 million.  Threlkeld's skill and success in so many facets of the business have made him one of the most accomplished professionals in the precious metals industry today.

 

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