ESGold Appoints Mining Executive Peter Espig to Board of Directors
ESGold Corp (ESAUF) has appointed veteran mining executive Peter Espig to its Board of Directors, effective immediately. Espig brings extensive experience from his roles as Vice-President at Goldman Sachs Japan and Olympus Capital, where he participated in over $10 billion in structured deals. Since 2013, as President and CEO of Nicola Mining, he successfully transformed a distressed asset into a profitable mining enterprise, growing its market capitalization over ten-fold.
The appointment comes as ESGold advances its Montauban Gold-Silver Project in Quebec toward production in late 2025. The company is currently progressing with mill circuit construction, updating its Preliminary Economic Assessment (PEA), conducting 3D geological modeling, and planning expanded exploration strategies.
ESGold Corp (ESAUF) ha nominato il veterano dirigente minerario Peter Espig nel suo Consiglio di Amministrazione, con effetto immediato. Espig porta con sé un'ampia esperienza acquisita come Vicepresidente presso Goldman Sachs Japan e Olympus Capital, dove ha partecipato a operazioni strutturate per oltre 10 miliardi di dollari. Dal 2013, in qualità di Presidente e CEO di Nicola Mining, ha trasformato con successo un'attività in difficoltà in un'impresa mineraria redditizia, aumentando la capitalizzazione di mercato di oltre dieci volte.
La nomina avviene mentre ESGold sta portando avanti il Progetto Montauban Oro-Argento in Quebec verso la produzione prevista per la fine del 2025. Attualmente, la società sta procedendo con la costruzione del circuito del mulino, aggiornando la sua Valutazione Economica Preliminare (PEA), realizzando modellazioni geologiche 3D e pianificando strategie di esplorazione ampliate.
ESGold Corp (ESAUF) ha nombrado al veterano ejecutivo minero Peter Espig como miembro de su Junta Directiva, con efecto inmediato. Espig aporta una amplia experiencia derivada de sus roles como Vicepresidente en Goldman Sachs Japón y Olympus Capital, donde participó en operaciones estructuradas por más de 10 mil millones de dólares. Desde 2013, como Presidente y CEO de Nicola Mining, transformó con éxito un activo en dificultades en una empresa minera rentable, aumentando su capitalización de mercado más de diez veces.
El nombramiento se produce mientras ESGold avanza en su Proyecto Montauban Oro-Plata en Quebec hacia la producción a finales de 2025. La compañía está actualmente progresando en la construcción del circuito de molienda, actualizando su Evaluación Económica Preliminar (PEA), realizando modelado geológico 3D y planificando estrategias de exploración ampliadas.
ESGold Corp (ESAUF)는 즉시 발효되는 이사회 멤버로 베테랑 광산 경영인 Peter Espig을 임명했습니다. Espig은 Goldman Sachs Japan과 Olympus Capital에서 부사장으로서 100억 달러 이상의 구조화 거래에 참여한 폭넓은 경험을 보유하고 있습니다. 2013년부터 Nicola Mining의 사장 겸 CEO로서 부실 자산을 수익성 있는 광산 기업으로 성공적으로 전환하여 시가총액을 10배 이상 성장시켰습니다.
이번 임명은 ESGold가 2025년 말 생산을 목표로 하는 퀘벡의 Montauban 금-은 프로젝트를 추진하는 가운데 이루어졌습니다. 회사는 현재 제분 회로 건설을 진행 중이며, 예비 경제성 평가(PEA)를 업데이트하고 3D 지질 모델링을 수행하며 탐사 전략 확대를 계획하고 있습니다.
ESGold Corp (ESAUF) a nommé avec effet immédiat le vétéran de l'industrie minière Peter Espig au sein de son conseil d'administration. Espig apporte une vaste expérience acquise en tant que vice-président chez Goldman Sachs Japon et Olympus Capital, où il a participé à des transactions structurées totalisant plus de 10 milliards de dollars. Depuis 2013, en tant que président et CEO de Nicola Mining, il a transformé avec succès un actif en difficulté en une entreprise minière rentable, augmentant sa capitalisation boursière de plus de dix fois.
Cette nomination intervient alors qu'ESGold fait progresser son projet Montauban or-argent au Québec en vue d'une production fin 2025. La société avance actuellement dans la construction du circuit de broyage, met à jour son étude économique préliminaire (PEA), réalise une modélisation géologique 3D et planifie des stratégies d'exploration élargies.
ESGold Corp (ESAUF) hat den erfahrenen Bergbau-Manager Peter Espig mit sofortiger Wirkung in seinen Vorstand berufen. Espig bringt umfassende Erfahrung aus seinen Positionen als Vizepräsident bei Goldman Sachs Japan und Olympus Capital mit, wo er an strukturierten Deals im Wert von über 10 Milliarden US-Dollar beteiligt war. Seit 2013 hat er als Präsident und CEO von Nicola Mining ein angeschlagenes Unternehmen erfolgreich in ein profitables Bergbauunternehmen verwandelt und die Marktkapitalisierung mehr als verzehnfacht.
Die Ernennung erfolgt, während ESGold sein Montauban Gold-Silber Projekt in Quebec auf die Produktion Ende 2025 vorantreibt. Das Unternehmen arbeitet derzeit am Bau der Mühlenanlage, aktualisiert seine vorläufige Wirtschaftlichkeitsbewertung (PEA), führt 3D-geologische Modellierungen durch und plant erweiterte Explorationsstrategien.
- Appointment of experienced mining executive Peter Espig with proven track record in turning around mining operations
- Espig's previous success in growing Nicola Mining's market cap over ten-fold
- Fully permitted Montauban Gold-Silver Project advancing toward production in 2025
- Project economics being updated to reflect stronger gold and silver prices
- None.
Veteran mining executive and financier joins ESGold’s board as it accelerates towards gold production
VANCOUVER, British Columbia, May 01, 2025 (GLOBE NEWSWIRE) -- via IBN -- ESGold Corp. (“ESGold” or the “Company”) (CSE: ESAU | OTCQB: ESAUF | FSE: Z7D) is pleased to announce the appointment of seasoned mining executive and former global investment banker Peter Espig to its Board of Directors, effective immediately.
With deep roots in both global capital markets and operational mining leadership, Mr. Espig brings a high-caliber track record to ESGold at a pivotal stage in the company’s evolution. ESGold is currently advancing its fully permitted Montauban Gold-Silver Project in Quebec toward production in 2025, marking its transformation from an exploration-stage junior into one of Canada’s next precious metals producers.
Profile of Leadership
Peter Espig served as Vice-President at Goldman Sachs Japan in both the Principal Finance and Securitization Group and the Asia Special Situations Group, where his team participated in more than
Since 2013, Mr. Espig has served as President and CEO of Nicola Mining Inc., where he led the company out of creditor protection and transformed it from a distressed asset into a cash-flowing mining enterprise — a rare achievement for a junior miner. Under his leadership, Nicola not only achieved production but also established multiple milling partnerships and saw its market capitalization grow over ten-fold — a testament to disciplined execution, lean operations, and long-term value creation.
Mr. Espig holds a Bachelor of Arts from the University of British Columbia and an MBA from Columbia Business School, where he was a Chazen International Scholar. He has served on various public boards and was recognized among Industry Era’s “Top 10 Admired Leaders” in 2023.
CEO Commentary
“We are thrilled to welcome Peter Espig to ESGold’s board at this pivotal juncture for the company,” said Paul Mastantuono, CEO of ESGold Corp. “Peter brings the rare combination of global finance experience and operational mining success. His track record of building profitable mining companies and unlocking long-term value will be instrumental as ESGold evolves into a producer, scales responsibly, and focuses on maximizing shareholder value through every stage of growth.”
Statement from Peter Espig
“ESGold is entering a transformational phase — one that few mining companies successfully reach,” said Peter Espig. “With a permitted asset, near-term production, and an ambitious but disciplined leadership team, I believe ESGold has the building blocks to become a scalable and sustainable Canadian producer. I look forward to contributing my experience to support this transition and help guide long-term growth.”
What’s Next for ESGold
- Production Preparation – Mill circuit construction is advancing at Montauban, with first gold and silver production targeted for late 2025
- Updated Preliminary Economic Assessment (PEA) – In progress to reflect stronger gold and silver prices and improved project economics
- 3D Geological Modeling – Underway, integrating geophysics, ANT imaging, and historical drill data
- Expanded Exploration Strategy – Following release of 3D model, ESGold plans to expand its ANT survey and drill targeting.
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.
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On behalf of the Board of Directors
ESGold Corp.
"Paul Mastantuono"
President & 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.
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FAQ
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