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February 05, 2009, 04:37 PM

Ross Beaty

Courtesy of Casey Research

Ross Beaty

Director, Lumina Copper
Executive Chairman, Pan American Silver


Bio Ross J. Beaty was once described as a "broken slot machine" for his remarkable consistency at making shareholders rich. In 1994, he founded Pan American Silver Corp. (PAA.T, PAAS.NASDAQ), one of the world's leading primary silver producers and currently serves as Chairman. In 2002, Mr. Beaty founded Lumina Copper Corp., a copper development company, and also serves as its Chairman.

A geologist with more than 30 years of experience in the international minerals industry, Mr. Beaty has founded, built and sold three other public mineral resource companies since 1985. These were: (1) Equinox Resources Ltd., a gold mining company founded in 1985, that held two producing gold mines and an extensive portfolio of gold exploration properties when it was acquired by Hecla Mining Company in 1994 in a $107 million merger; (2) Da Capo Resources Ltd., a gold exploration company founded in 1994 that held two gold development properties in Bolivia and was acquired by Granges Mining Corp. in 1996 to form Vista Gold Corp. in a $57 million merger; and (3) Altoro Gold Corp., a gold and platinum exploration company founded in 1997 with projects in Bolivia and Brazil, that was acquired by Solitario Resources Corp. in a $30 million merger in 1999.

Pan American Silver is Mr. Beaty's most significant company. It has a current market value of about US$850 million, over 4000 employees and operations in six countries. Pan American operates four large silver mines in Peru and Mexico and has four major silver development projects in Mexico, Peru, Bolivia and Argentina. As these come on stream, Pan American's silver production will increase from 13 million ounces in 2004 to over 24 million ounces by 2007, making the company the world's largest primary silver mining company.

Mr. Beaty is a past President and current member of the Executive Committee of the Silver Institute in Washington, DC. He is also a founder of the Pacific Mineral Museum in British Columbia. Mr. Beaty is a Fellow of the Geological Association of Canada and the Canadian Institute of Mining, and a recipient of the Institute's Past President's Memorial Medal. He also serves on the Board of Directors of the Vancouver Youth Symphony Orchestra where he is Chair of the Funding Committee.

Mr. Beaty was born in Vancouver, Canada in 1951 and educated at the Royal School of Mines, University of London, England, M.Sc., Distinction (Mineral Exploration) 1975 and the University of British Columbia, LL.B. (Law) 1979 and B.Sc. (Honours Geology) 1974. He is married with five children. Mr. Beaty speaks English, French and Spanish as well as some Russian, German and Italian, and has worked in more than 45 countries during his career.

have a good w end