Join a select group of mining company executives, alongside Stefan Ioannou, Mining Analyst at Cormark Securities, for an in-depth discussion on Arizona's substantial economic contributions and its pivotal role in the global copper market. This session explores the industry’s current challenges and opportunities, highlighting Arizona's support for the mining sector, and its importance in the United States' critical minerals race.
Stefan Ioannou, Ph.D., is an Analyst covering mining for Cormark Securities Inc.’s institutional equity research team. Dr. Ioannou is a mining engineer and holds a Ph.D. in economic geology from the University of Toronto. He joined Cormark in December 2016, working in equity research for 13 years with Haywood Securities as a base metals analyst since 2006. Prior to that, Dr. Ioannou worked as an exploration geologist in Nevada and throughout the Canadian Shield.
State Mine Inspector at Arizona State Mine Inspector's Office
Paul Marsh is an Arizona Native, a United States Marine Corps Veteran, and a Miner with 30 years’ experience in the mining and construction industry. Paul’s career started as a laborer and heavy equipment operator, but through hard work, Paul has held several key positions, such as Safety Manager, Director of Safety, and Operations Manager. He is the current Arizona State Mine Inspector, appointed to the position by Governor Doug Ducey in November 2021 and winning the 2022 election for his first four-year term. Paul has over 15 years working in mining and construction safety, is a Certified MSHA Blue Card Instructor and a Certified Mine Safety Professional. Paul has earned numerous awards from the industry including the Arizona Rock Products Safety Professional of the Year, the Arizona Mining Association Copper Pot Award, and the Arizona State Mine Inspector’s Office Safety Professional of the Year, and as the Arizona State Mine Inspector, he continues to work to improve safety throughout the mining industry in Arizona.
VP Corporate Communications at Barksdale Resources
Ms. Welyki has more than 15 years of experience working with public and private mining companies, including Calico Resources and EMC Green Group S.A. She has broad knowledge of the mining industry, including financing, permitting, and stakeholder management and has worked across the United States, Peru and Canada.
President, CEO & Director at Arizona Sonoran Copper Company
George Ogilvie, has over 30 years of management, operating and technical experience in the mining industry. Mr. Ogilvie was until most recently the President & CEO of Battle North, a position he was appointed to, in 2016 whilst the company was under financial insolvency & restructuring proceedings. During his 5 year tenure at Battle North, Mr. Ogilvie and his team successfully completed a turnaround of the company resulting in an increase in the resource base from 400 k ounces Au to approximately 1.3 million oz Au, completion of a positive bulk mining reconciliation program resulting in de-risking of the project, delivery of a preliminary economic assessment and follow on feasibility study in relation to the project with a post-tax IRR of 50% and completion debt and equity financing of over C$100m associated with project construction. Battle North was acquired by Evolution Mining Limited in May 2021 at a 45% premium to the prevailing spot price. Prior to this, Mr. Ogilvie was the CEO of Kirkland Lake Gold Inc. where he and his team implemented a turnaround strategy which included, amongst other items, improving operations at the Macassa Mine and the acquisition of St. Andrew Goldfields, resulting in significant returns for shareholders. Previously, Mr. Ogilvie was the CEO of Rambler Metals and Mining PLC, where he and his team guided the evolution of the company from grassroots exploration to a profitable junior producer. Mr. Ogilvie began his mining career in 1989 with AngloGold in South Africa and he subsequently held other roles at the Ruttan Mine in Northern Manitoba for HudBay Minerals Inc., the McCreedy West Mine and also as Area Manager for Dynatec Corporation. Currently, Mr. Ogilvie also serves on the board of Rupert Resources. Mr. Ogilvie received his B.Sc. (Hons.) in Mining and Petroleum Engineering from Strathclyde University in Glasgow, Scotland. He is a Professional Engineer and also holds his Mine Managers Certificate (South Africa).
Ken Brophy's career comprises over twenty-five years of experience in the natural resources sector, focused primarily on advancing and de-risking development-stage projects. Ken is an experienced executive with a successful track record of project management, building and leading teams, and has many years of experience with Environmental Social Governance (“ESG”) initiatives, such as Corporate Social Responsibility (CSR), Indigenous, government and stakeholder relations. Ken is currently president of Ram River Coal Corp., a private Canadian company with a steel-making coal project located in Alberta, Canada. He also serves as a director for Supernova Metals Corp, a TSX-V listed junior exploration company with assets in Canada and the US.
Replay transcript excerpt
Hello everyone and welcome to this panel about Arizona, the Copper State, hosted by 6. Shortly, I'll pass things over to Stephan Ioannou of CoreMark Securities, and afterwards, we'll be accepting questions. As a reminder you can submit your questions in the chat at any point during the presentation. As always this event is being recorded and will be available to watch shortly afterwards. Without further ado, taking things over to you Stéphane so we can start. Great thanks very much Maximum, Thanks for having me. I'm a base metals analyst at CoreMark Securities, just by way of introduction. So I'll cover the base metal space all the way from junior Explorer codes up to the sort of the mid-tier producers staple names. And joining me today, we've got George Ogilvie, who's the president and CEO of Arizona Sonoran. Terry-Ann Willikee, who's the VP of Corporate Communications at Barksdale. And Ken Brophy, who's the CEO at Intrepid Metals. And last but not least, beyond the corporate side, we also have Paul Marsh joining us. He's with the state. He's a state mine inspector in Arizona. So maybe just to get things kicked off, I just maybe to sort of set the land in terms of, you know, we're here to talk about Arizona today and just maybe for the audience just to sort of, again, set the stage, you know, 1 thing to keep in mind when I think of Arizona is number 1, the US as a country is the world's fifth largest copper producer at the mine level. And within that, you know, and that accounts for about, it's approaching about 1.5Mt a year of global Copper supply. And when you take the States and you dissect it even further, you realize about 70%, 70% of that Copper is coming from the state of Arizona. So again, extrapolate it even further, Arizona in its own right, its own microc...
