Raymond W. Threlkeld Position: President and CEO Mr. Threlkeld is a seasoned mining professional with more than 30 years of experience in exploration, mine development, mine operations and executive management.
Mr. Threlkeld served as President and Chief Executive Officer of Western Goldfields Inc. from 2006 until May, 2009, where he led the team that acquired, developed and put into operation the Mesquite Gold Mine in California three months ahead of schedule and within 2% of budget. During his tenure the market capitalization of Western Goldfields rose from $12 million to over $300 million in less than 24 months. Western Goldfields was successfully merged into New Gold Inc. in June 2009.
Mr. Threlkeld also served as Chief Operating Officer of Silver Bear Resources Inc., where he was responsible for the geologic reforming of Silver Bear's Mangaziesky Project in Yakutia, Russia, which resulted in the discovery of a potential world-class silver mining district.
In 2004 and 2005 Mr. Threlkeld served as President of South American Operations for Coeur D'Alene Mines Corp., where he was responsible for the operation of the Cerro Bayo, Chile and Martha, Argentina silver-gold mines.
From 1996 until 2004, Mr. Threlkeld was employed with Barrick Gold Corp. in the capacity of country manager for Peru and Tanzania, rising to the position of Vice President of Project Development. During his tenure at Barrick he was responsible for placing more than 30 million ounces of gold resources into production in South America, Africa and Australia. Among his accomplishments with Barrick were the recognition and development of the Pierina Gold Mine, Peru and leadership of the teams that developed the Bulyanhulu Mine in Tanzania, the Veladero Mine in Argentina, the Lagunas Norte Mine in Peru and the Cowal Mine in Australia. Mr. Threlkeld also led the feasibility team which developed the Pascua-Lama gold-silver deposit, Chile/Argentina and the operation and eventual closure of the El Indio Mine, Chile. The closure program has set the standard for mine closures in Chile.
In addition to the management of more than $2 billion in gold mine development while with Barrick, Mr. Threlkeld oversaw the establishment of social development programs created in the respective countries which established Barrick as a world leader in mine-local community involvement.
Garett Macdonald, MBA, P.Eng. Position: Vice-President, Operations Mr. Macdonald joined the Rainy River team in December 2009. Prior to joining Rainy River, Mr. Macdonald was Vice President of Operations for Canadian Arrow Mines Ltd. and held operating positions with Suncor Energy Inc. and Placer Dome Inc. Mr. Macdonald's experience has involved large open pit mining operations, civil construction and project evaluations. Mr. Macdonald is a mining engineer and has an MBA from the Richard Ivey School of Business.
, P.Eng Position: Vice-Chairman of the Board Mr. Baker graduated from the South Dakota School of Mines with a degree in geological engineering in 1969. He possesses over 40 years of successful experience in all aspects of mineral exploration and development in Canada and internationally. Mr. Baker is an active member of the Association of Professional Geoscientists of Ontario and the Association of Professional Engineers and Geoscientists of British Columbia. He has served on the board of several public companies both as director and officer and now actively serves on the board of Temex Resources Corp., and RPT Resources Ltd.
James G. Grinnell,, B. Comm., CGA Position: Chief Financial Officer Mr. Grinnell is the Chief Financial Officer for Rainy River and has over 30 years of experience in senior financial positions in both the public and private sector. His experience includes positions with Canadian Forest Products, Balco Industries Inc., Drew Sawmills Ltd., McIntyre Mines Limited, Smoky River Coal Division, Napier Environmental Technologies Inc. and Opal Energy Inc.
, B.A. Position: Corporate Secretary and Director of Investor Relations and Corporate Governance Ms. Caridi has over 13 years of experience in the mineral exploration industry, particularly in managing communications and compliance for junior exploration companies listed on the TSX Venture Exchange, the TSX and the American Stock Exchange. Ms. Caridi has a Bachelor of Arts degree from the University of British Columbia and has completed the Canadian Securities Course and several corporate governance courses.
Leo Berezan Position: Chairman of the Board Mr. Berezan has established a successful career over the past thirty years in commercial real estate development and property management. He is an owner and manager of various real estate holdings, industrial warehouses and office buildings in British Columbia and in the Texas area. Mr. Berezan serves on the Company's Audit Committee.
Stuart A. Averill, P.Eng Position: Vice-President, Exploration and Director Mr. Averill is the founder and owner of Overburden Drilling Management Limited (ODM), a 30-employee heavy mineral laboratory and exploration service Company. Since 1974, Mr. Averill and his staff played critical roles in the discoveries of the Collins Bay "B" uranium mine, Saskatchewan, the Casa Berardi gold district, Quebec and in the original #17 and #433 gold zone discoveries within the Company's Rainy River Project, Ontario. In recognition for his outstanding contribution to the mining industry, the Prospectors and Developers Association of Canada and its members awarded Mr. Averill the Distinguished Service Award in 2003. Mr. Averill is an active member of the Association of Professional Geoscientists of Ontario, the Association of Professional Engineers and Geoscientists of Newfoundland, the Association of Applied Geochemists, Canadian Institute of Mining, Metallurgy and Petroleum and an active, continuous member of the Prospectors and Developers Association of Canada for over thirty years.
Dale C. Peniuk Position: Director Mr. Peniuk holds a BComm from the University of British Columbia and is a chartered accountant.
Since early 2006, Mr. Peniuk has been providing financial consulting services to a number of mining companies, and currently serves on the board and as audit committee chair of Lundin Mining Corp. and Corriente Resources Inc., both of which are listed on the Toronto Stock Exchange in Canada and the American Stock Exchange in the United States. Until February, 2006, Mr. Peniuk was an assurance partner with KPMG's Vancouver office, specializing in the mining area, and the leader of KPMG's Vancouver office mining industry group.
In addition to his mining industry and auditing background, Mr. Peniuk has extensive experience assisting Canadian and foreign companies to register their securities in Canada, the U.S. and elsewhere, and has been actively involved in the corporate finance area for his clients, including assistance with financings, due diligence on potential merger and acquisition opportunities, and divestiture transactions.
Gerald J. Shields, LL.B. Position: Vice-President, Administration and Director Mr. Shields is a principal of Providia Investment Group, which is engaged in the business of merchant banking. Prior to joining Providia in November of 2006 Mr. Shields spent approximately 27 years as a practicing lawyer, most recently as a partner with the Vancouver firm of Clark Wilson LLP where he was a member of the Corporate Finance and Securities Department. Mr. Shields has extensive experience in advising both public and private companies on a broad range of legal matters including equity financings, acquisitions and mergers, takeovers, commercial lending, commercial leasing, commercial leasing, corporate governance and general corporate and securities law. His clients included TSX and TSX-V listed companies as well as owner managed businesses. Mr. Shields was called to the Alberta bar in 1981 and the British Columbia Bar in 1987. He obtained his Bachelor of Laws degree from the University of Western Ontario in 1979.
Mar 03, 2010: Rainy River Increases Land Position READ MORE >
Mar 02, 2010: Rainy River Announces Updated Resource Estimate Of... READ MORE >
Feb 25, 2010: Rainy River Announces Closing of $55 Million Priva... READ MORE >
Feb 22, 2010: Rainy River Announces Final 2009 Drill Results READ MORE >
Feb 19, 2010: Rainy River Announces Increased Size of Private Pl... READ MORE >
