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William M. Calhoun, Director has provided consulting services to the minerals industry in the areas of mining operations, mine planning, mine design, ore reserves and environmental issues for the past 24 years as an independent consultant. From 1972 through 1981 Mr. Calhoun served as President and CEO of Day Mines, Inc., an American Stock Exchange Company with mining operations in the western United States. In 1980 Day Mines was recognized by Forbes Magazine as one of the top-five best-managed companies with less than $100 million in sales. During Mr. Calhoun's tenure, Day Mines increased revenues 950%, net income 2,000%, dividends 670%, and total assets 880%, all without incurring any long-term debt. In 1981 Day Mines was acquired by Hecla Mining in a hostile takeover. Prior to Day Mines, Mr. Calhoun worked for American Zinc Company in various corporate roles including Manager of Western Operations, Chief Mine Engineer and Mine Manager.
Mr. Calhoun's extensive public service record includes membership on President Ronald Reagan's Strategic Minerals Task Force, President Gerald Ford's Inflation Task Force; Director of the Silver Institute; Trustee of the Northwest Mining Association; Chairman of the Mining Advisors Committee to the Governors of Washington and Idaho; President of the Idaho Mining Association; Chairman of Idaho College of Mines Advisory Committee; and numerous other civil and professional organizations. Mr. Calhoun has a Bachelor of Science degree in Mining/Geology from the University of Texas-El Paso. | 