ESGold Advances to Next Stage of Growth with Strategic Leadership Transition
ESGold Corp. (ESAUF) has announced a strategic leadership transition as it advances its Montauban Gold-Silver Project in Quebec towards production. The company is currently in advanced discussions to bring on a new senior executive to lead its next growth phase. As part of this restructuring, Brad Kitchen will step down from his position as President, with no immediate replacement planned.
The transition aligns with ESGold's dual-track strategy focusing on near-term tailings reprocessing and district-scale exploration. CEO Paul Mastantuono emphasized that this change marks a new era for the company as it progresses toward becoming a cash-flowing gold and silver producer, with on-site construction currently underway.
ESGold Corp. (ESAUF) ha annunciato una transizione strategica nella leadership mentre avanza nel suo Progetto Montauban Oro-Argento in Quebec verso la produzione. L'azienda è attualmente in trattative avanzate per assumere un nuovo dirigente senior che guiderà la prossima fase di crescita. Nell'ambito di questa riorganizzazione, Brad Kitchen lascerà la carica di Presidente, senza un sostituto immediato previsto.
La transizione è in linea con la strategia a doppio binario di ESGold, che si concentra sulla ri-processamento a breve termine delle scorie e sull'esplorazione su scala distrettuale. Il CEO Paul Mastantuono ha sottolineato che questo cambiamento segna una nuova era per l'azienda, che procede verso diventare un produttore di oro e argento con flusso di cassa positivo, con la costruzione in loco attualmente in corso.
ESGold Corp. (ESAUF) ha anunciado una transición estratégica en su liderazgo mientras avanza en su Proyecto Montauban de Oro y Plata en Quebec hacia la producción. La compañía está en conversaciones avanzadas para incorporar a un nuevo ejecutivo senior que lidere su próxima fase de crecimiento. Como parte de esta reestructuración, Brad Kitchen dejará su puesto como Presidente, sin un reemplazo inmediato planeado.
La transición está alineada con la estrategia de doble vía de ESGold, centrada en el reprocesamiento de relaves a corto plazo y la exploración a escala distrital. El CEO Paul Mastantuono destacó que este cambio marca una nueva era para la empresa mientras avanza hacia convertirse en un productor de oro y plata con flujo de caja positivo, con la construcción en el sitio actualmente en marcha.
ESGold Corp. (ESAUF)는 퀘벡에 위치한 Montauban 금-은 프로젝트를 생산 단계로 진전시키면서 전략적 리더십 전환을 발표했습니다. 회사는 다음 성장 단계를 이끌 새로운 고위 임원을 영입하기 위해 현재 고급 협상을 진행 중입니다. 이 구조조정의 일환으로 Brad Kitchen은 사장직에서 물러나며 즉각적인 후임자는 계획되어 있지 않습니다.
이번 전환은 단기 테일링 재처리와 광역 탐사에 중점을 둔 ESGold의 이중 전략과 일치합니다. CEO Paul Mastantuono는 이 변화가 현장 건설이 진행 중인 가운데 현금 흐름을 창출하는 금 및 은 생산업체로 나아가는 회사의 새로운 시대를 의미한다고 강조했습니다.
ESGold Corp. (ESAUF) a annoncé une transition stratégique de sa direction alors qu'elle fait progresser son Projet Montauban Or-Argent au Québec vers la production. La société est actuellement en discussions avancées pour recruter un nouveau cadre supérieur qui dirigera sa prochaine phase de croissance. Dans le cadre de cette restructuration, Brad Kitchen quittera son poste de président, sans remplacement immédiat prévu.
Cette transition s'inscrit dans la stratégie à double volet d'ESGold, axée sur le retraitement à court terme des résidus et l'exploration à l'échelle du district. Le PDG Paul Mastantuono a souligné que ce changement marque une nouvelle ère pour l'entreprise alors qu'elle progresse vers la production d'or et d'argent générant des flux de trésorerie, avec la construction sur site actuellement en cours.
ESGold Corp. (ESAUF) hat einen strategischen Führungswechsel angekündigt, während das Unternehmen sein Montauban Gold-Silber-Projekt in Quebec auf die Produktionsphase vorantreibt. Das Unternehmen befindet sich derzeit in fortgeschrittenen Gesprächen, um einen neuen leitenden Angestellten für die nächste Wachstumsphase zu gewinnen. Im Rahmen dieser Umstrukturierung wird Brad Kitchen von seiner Position als Präsident zurücktreten, ohne dass ein sofortiger Ersatz geplant ist.
Der Übergang steht im Einklang mit ESGolds Doppelstrategie, die sich auf kurzfristige Tailings-Wiederaufbereitung und großflächige Exploration konzentriert. CEO Paul Mastantuono betonte, dass diese Veränderung eine neue Ära für das Unternehmen einläutet, da es darauf hinarbeitet, ein cashflow-generierender Gold- und Silberproduzent zu werden, wobei der Bau vor Ort derzeit im Gange ist.
- Company advancing towards production phase at Montauban Gold-Silver Project
- Construction actively underway at project site
- Strategic hiring of high-impact senior executive in progress
- Loss of company President with no immediate replacement planned
- Exact timeline for production start not specified
- Details of the new executive hire not yet finalized
Vancouver, British Columbia--(Newsfile Corp. - May 29, 2025) - ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) (FSE: Z7D) ("ESGold" or the "Company") is pleased to announce a strategic leadership transition as part of the next phase of its growth strategy, with the Company accelerating construction and preparing for near-term production at its flagship Montauban Gold-Silver Project in Quebec.
This transition is part of a broader plan developed in collaboration with the Board of Directors, positioning the Company for sustained growth and long-term value creation. ESGold confirms it is in advanced discussions to onboard a high-impact senior executive who will lead the Company into its next phase of growth and execution, with further updates expected in the coming weeks.
With on-site construction now underway and a strong focus on executing its dual-track model—near-term tailings reprocessing and district-scale exploration—the Company is evolving its leadership structure to support the next phase of operational growth.
"We are entering a new era at ESGold," said Paul Mastantuono, CEO of ESGold. "This step is part of our planned evolution as the Company advances toward becoming a cash-flowing gold and silver producer. As we move through final construction milestones and prepare for production, we remain committed to building a team and structure that reflect our ambitions and unlock value for shareholders."
As part of this transition, the Company confirms that Brad Kitchen will no longer be serving as President of the Company. ESGold does not intend to appoint a replacement at this time.
About ESGold Corp.
ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) (FSE: Z7D) is a fully permitted, pre-production resource company at the forefront of clean mining and exploration innovation. With proven expertise in Quebec, the Company is advancing its projects toward production and feasibility while delivering long-term value through sustainable resource recovery and exploration. ESGold's flagship Montauban property, located 80 kilometers west of Quebec City, serves as a model for responsible mining practices, combining near-term production with district-scale discovery potential.
For more information, please contact ESGold Corp. at +1-888-370-1059 or visit esgold.com for additional resources, including a French version of this press release, past news releases, a 3D model of the Montauban processing plant, media interviews, and opinion-editorial pieces.
Stay connected by following us on X (formerly Twitter), LinkedIn, and joining our Telegram channel.
On behalf of the Board of Directors
ESGold Corp.
"Paul Mastantuono"
CEO & Director
info@esgold.com
+1-888-370-1059
Forward-Looking Statements:
This news release includes forward-looking statements within the meaning of applicable securities laws. These statements are based on assumptions and expectations that involve a number of known and unknown risks and uncertainties. Actual results could differ materially. Forward-looking information includes statements regarding the expected use of proceeds, the development and construction timelines of the Montauban Project, future production, and anticipated project milestones. Investors are cautioned not to place undue reliance on these forward-looking statements. All forward-looking information contained in this release is qualified by these cautionary statements.
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/253857
FAQ
Why did ESGold (ESAUF) announce a leadership transition in May 2025?
Who is leaving ESGold's management team?
What are the main projects ESGold is currently focusing on?
What is the current status of ESGold's Montauban Gold-Silver Project?
Who is the current CEO of ESGold (ESAUF)?
