Founder & Chairman
Duane Poliquin received his degree in Geological Engineering in 1962. Ever since, Duane has been continuously active in mining exploration around the world. As a young geologist, Duane started out with a large Canadian mining company and was soon involved in a major copper-zinc discovery. This was followed by work with several of the world’s largest base metal and gold companies in some of the most important mining areas of the world.
In 1972, Duane identified the Santa Fe gold property in Nevada and formed Westley Mines Ltd. to explore the project. Westley was taken over and placed in production as a heap leach operation by a division of Homestake. Before founding Almaden, Duane also initiated several other projects that became producing mines. Duane discovered an extension to the Nevada Sheelite Mine as well as the Apex germanium-gallium mine - a specialty metals deposit in Utah that contained over one million tons of mineralized material with a gross value of over $1,000 per ton. The property was vended to Musto Exploration Ltd.
After founding Almaden Minerals and doing an IPO in 1986, Duane indentified the Trinidad gold deposit in Mexico which was subsequently sold with a royalty retained to Eldorado Gold Corporation and became that company’s second mine. Having been in the exploration industry for many years, Duane has been through several metal and mining market cycles and remains confident that the next up cycle will be very rewarding.