The 1994 M&E Distinguished Service Award
Awarded To: Douglas B. Silver
For outstanding contributions to the M&E Division programs and activities.
Douglas B. Silver has more than twenty years of experience in the valuation of mineral deposits. Having received a Masters of Science degree in Economic Geology from the University of Arizona, Mr. Silver spent many years as an exploration geologist and acquisition analyst for Anaconda Copper Company, Noranda and Bond International Gold. While serving as Director of Investor Relations for Bond International Gold, Mr. Silver was part of the founding management team which directed the NYSE and Toronto listings and IPO raising of US$300 million.
Over the past fifteen years, Mr. Silver's private company, Balfour Holdings, has worked with major international mining companies, banks, investors, and small private and public companies in the capacity of appraisals, acquisition \ divestiture advisor and corporate strategist. During the last two years, Mr. Silver was involved the valuation of more than US$3 billion of mineral assets, including gold, silver, lead, zinc, copper and diamonds. His work has been presented to the London and Johannesburg Stock Exchanges, NASDAQ, the Ontario Securities Commission and to the International Centre for Settlement of Investment Disputes.
Mr. Silver has published numerous articles, writes a bimonthly column for Mining Engineering on economics and finance issues, and speaks regularly at professional conferences on issues related to resource valuations and industry trends. Mr. Silver has also testified several times to the House of Representative's Committee on Natural Resources in Washington, D.C. on matters related to the Mining Law of 1872. In 2000, he was a Henry Krumb Lecturer for the Society of Mining Engineering.
The Mining & Exploration Division Service Award, established in 1985, honors members of SME (with the exception of all M&E Division Officers at the time they hold office) who have made outstanding contributions to the M&E Division in its programs or other activities.