Energy & Mining International - Summer 2012 - (Page 39)

SUMMER 2012 CAN ADA R A I N Y R I V E R R E S O U R C E S LT D . E M I Rainy’s Days The nearby roads, electric power and skilled labor are key advantages to developing the gold resource in western Ontario. • Western Ontario “You have to mine and process that material, but it’s worth doing if you look at today’s prices.” // RAYMOND THRELKELD, president and CEO Rainy River Resources says it is optimistic about its prospects in eastern Canada.. [ BY RUSS GAGER ] A rising tide lifts all boats, and the same is true of mines. “In a rising gold environment, the best thing we can do is build this project and bring it to producPROFILE Rainy River Resources Ltd.. | Headquarters: Toronto | Working capital: $91 million; market capitalization $400 million | Employees: 44 Specialty: Exploring and developing gold tion,” Rainy River Resources Ltd. President and CEO Raymond Threlkeld maintains. Threlkeld cites the favorable experiences of two other Canadian gold mining companies – Osisko Mining Corp. of Montreal, and Detour Gold Corp. in Toronto – as creating a favorable environment for Canadian gold mining investment. “They’ve seen a very nice appreciation of their share price and value to the shareholder,” Threlkeld points out. “So we really look at the successes of those two companies as a model for us to follow. We are the third in line with a large gold deposit that will come into production in eastern Canada. We have a slight advantage in that early years of production at Rainy River will be substantially higher grade. Osisko is in production now, Detour will be in production early next year and we’re coming along right behind them. We look to their successes as being our success.” 39

Table of Contents for the Digital Edition of Energy & Mining International - Summer 2012

Energy & Mining International - Summer 2012
Wind Financing
Latin American Energy
Mining Developments
Wabash Mfg. Inc.
Mega Precious Metals
Iron Ore Company of Canada
Rainy River Resources Ltd.
Canada Energy
Gear Energy
Manitok Energy Inc.
Chieftain Metals
IC Potash
Nyrstar Langlois Mine
Phoenix Technology Services Inc.
Waycon Manufacturing Ltd.
Tuscany International Drilling
Latin America Focus
Canacol Energy
Orosur Mining
Lithium One Inc.
Cabo Drilling (Panama) Corp.
Continental Gold Ltd.
Guyana Oil Co. Ltd.
Batero Gold Corp.
The Williston Basin
Primary Petroleum
Sanjel Corp.
Summit Energy Services
Kengor Metals LLC
Stone Energy
Holloway Pipe
McFarren Group – Appalachian Transload Services
Trumbull Corp.
De-Cal Mechanical
Buck’s Fabricating
ITI Trailers & Truck Bodies
Hamilton Machine/ ValTek Industries
Rodenberg Diversified LLC
Mazzella Lifting Technologies
Independence Excavating
Magna-Solutions LLC
Blackhawk Specialty Tools LLC
MinExpo 2012
Rail-Veyor Technologies
STW Technic
RAM Enterprise
Miner Elastomer Products Corp.
McElroy Manufacturing
REICHdrill Inc.
Gunnebo Johnson Corp.
The Timken Co.
K/M Specialty Pumps & Systems Inc.
Schroeder Industries
The Reinforced Earth Co.
Geoprobe Systems®
Sumitomo Pogo Mine LLC – Pogo Mine
Power Service Inc.
National Pump Co.
Peak Oilfield Service Co.
TonaTec Exploration
Xtreme Oil & Gas Inc.
White Tiger Gold
TransAtlantic Petroleum Ltd.
Lydford Mining Co.
MFM Industries Inc.
Crescent Companies
Tri State Tank
Aquila Resources
Armstrong Coal
EnerJex Resources Inc.
Sanchez Energy Corp.
Chatham Steel Corp.
Ad Index
The Final Shot

Energy & Mining International - Summer 2012