- Prime Mining (PRYM) appoints Chantal Gosselin to the Board of Directors
- The company’s board will increase to eight members, six of whom are independent
- Gosselin has held various mine-site management positions in Canada, Peru and Nicaragua, giving her firsthand experience in underground and open pit mine development
- Prime Mining has granted Gosselin incentive stock options to acquire up to 400,000 common shares at $3.53
- Prime Mining Corp. (PRYM) is down 0.28 per cent, trading at C$3.52 at 2:08 pm ET
Prime Mining Corp. (PRYM) has appointed Chantal Gosselin to the board of directors effective March 29, 2022.
The company’s board will increase to eight members, six of whom are independent.
Gosselin is an experienced corporate board member with 30 years of experience in mining operations and capital markets.
Her involvement in the financial markets ranges from asset management to sell-side analysis.
Gosselin recently held positions as Vice President and Portfolio Manager at Goodman Investment Counsel and Senior Mining Analyst at Sun Valley Gold LLP, along with various analyst positions earlier in her career with Genuity Capital, Haywood Securities Inc., and Dundee Securities Corporation.
Gosselin also held various mine-site management positions in Canada, Peru and Nicaragua, giving her firsthand experience in underground and open-pit mine development and production in diverse cultural and social environments.
Gosselin has a Master of Business Administration from Concordia University and a Bachelor of Science from Laval University and has completed the Institute of Corporate Directors (ICD) Director education program.
She currently serves on the boards of Lundin Gold Inc., Wheaton Precious Metals Corp. and Ero Copper Corp.
“It gives me great pleasure to welcome Chantal to our Board,” stated Daniel Kunz, Prime Mining Chief Executive Officer.
“Chantal is a well-respected mining executive who brings many strengths to the Company, including capital markets, mining experience and board independence,” added Kunz.
Prime Mining has granted Goss “lin incentive stock options to acquire up to 400,000 common” shares at $3.53 for five years.
The options shall “est and become exercisable over 12 months, with one-third of the options vesting on the date of grant, and a further third vesting every six months” after that.
Los Reyes is a rapidly evolving high-grade, low sulphidation epithermal gold-silver project in Sinaloa, Mexico, within the prolific Sierra Madre mining region.
Historic operating results indicate that an estimated 1 million ounces of gold and 60 million ounces of silver were recovered from five separate operations at Los Reyes between 1770 and 1990.
Before Prime’s acquisition, recent operators of Los Reyes had spent approximately USD 20 million on exploration, engineering, and pre-feasibility studies.
The project remains underexplored as only 40 per cent of the known structures have been systematically drilled, leaving 10 kilometres of untested strike length. Los Reyes holds potential for additional discovery and resource expansion.
Prime Mining is an ideal mix of successful mining executives, strong capital markets personnel, and experienced local operators focused on unlocking the full potential of the high-grade Los Reyes Gold-Silver Project in Mexico.
Prime Mining has a well-planned capital structure with a significant team and insider ownership.
Prime Mining Corp. (PRYM) is down 0.28 per cent, trading at C$3.52 at 2:08 pm ET.
