Robert Wares

Where's Wares investing?

James Kwantes
Fri, 01/18/2019 12:03

The trajectory has been mostly down for mining stocks since gold topped out at US$1,900 an ounce in 2011. The bear market has been even grimmer for exploration companies, which are now competing with marijuana and blockchain plays for risk capital. The long downward slide is reflected in the underperformance of the TSX Venture Exchange, which has plummeted from 2,400 in February 2011 to about 600 today.

Warke builds stake in Arizona silver-base metals play

James Kwantes
Thu, 07/16/2015 14:37

Warke's knack for extracting maximum value from his plays - he had described Hudbay's first offer as "grossly inadequate" - was also evident in the sale of Ventana Gold in 2011, the year gold hit almost US$1,900 an ounce. Warke, Ventana's cofounder and executive chairman, sold the company and its La Bodega gold deposit in Colombia for $1.53 billion to Brazilian Eike Batista, after rebuffing the deal maker's initial offer. (Batista's resource empire subsequently went bust, reducing his multibillion-dollar empire to bankruptcy.)

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