NEW FOUND GOLD CONTINUES TO STRENGTHEN MANAGEMENT TEAM
Rhea-AI Summary
New Found Gold Corp. (TSXV: NFG) (NYSE-A: NFGC) has announced key management changes and appointments. The company has appointed Dr. Fiona Childe as VP of Communications and Corporate Development, Dr. Jared Saunders as VP of Sustainability, and Robert Assabgui as Study Manager.
The company is preparing for significant milestones in Q2/25, including the release of a maiden mineral resource estimate for the Queensway Project and a preliminary economic assessment. Additionally, Greg Matheson, Chief Operating Officer, will resign effective February 28, 2025, but will continue as an Advisor. Ron Hampton, Chief Development Officer, is stepping down immediately.
Positive
- Upcoming maiden mineral resource estimate and preliminary economic assessment in Q2/25
- Strategic strengthening of management team with experienced industry professionals
- Retention of former COO as advisor ensuring operational continuity
Negative
- Departure of Chief Operating Officer and Chief Development Officer
News Market Reaction
On the day this news was published, NFGC gained 5.78%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Keith Boyle, CEO of New Found, stated: "On behalf of the board, I am excited to welcome Fiona and Robert to the New Found team and congratulate Jared on his promotion. We have a lot planned for the coming year, beginning with the release of a maiden mineral resource estimate for the Queensway Project in early Q2/25 and a preliminary economic assessment later in Q2/25. Fiona, Jared and Robert will each play an instrumental role with the Company as we achieve these and future milestones."
"As Vice President, Communications and Corporate Development, Fiona brings a wealth of technical and corporate knowledge to the Company. She will leverage her extensive experience and industry network to help grow New Found. Jared, a proud Newfoundlander, has over a decade of experience in
In addition, Greg Matheson, Chief Operating Officer, has resigned, effective February 28, 2025. While stepping down from his current role, Mr.
"We sincerely thank Greg for his dedication and contributions over the past years. Greg has been instrumental in leading the Queensway Project since 2018, playing a key role in its discovery, advancement and success. His expertise and leadership will remain valuable as we navigate this period, and we appreciate his willingness to support us as an advisor, ensuring a smooth transition," remarked Mr.
Lastly, Ron Hampton, Chief Development Officer, will step down effective immediately. The Company thanks Mr.
Dr. Fiona Childe
Vice President, Communications and Corporate Development
Fiona Childe (Ph.D., P.Geo.) has over 25 years' experience in the mining industry, starting as an exploration geologist and subsequently focusing on capital markets, corporate development and shareholders communications. Throughout her career she has consulted to and held senior management positions with Canadian-listed exploration, development and mining companies, with a primary focus on gold. She has worked on projects throughout
Dr. Jared Saunders
Vice President, Sustainability
Jared Saunders (Ph.D., CRSP, EP) has over two decades of experience in environmental sciences and chemistry, backed by a Ph.D. in Environmental Sciences from the Royal Military College of
Mr. Robert Assabgui
Study Manager
Robert Assabgui (B.Eng., P.Eng.) is an accomplished senior operations executive and manager with expertise in project management and engineering within the mining industry. He has worked in a variety of roles in engineering, operations, project delivery and executive management. Robert started his career at Inco Ltd. (subsequently Vale Canada Ltd.) and progressed to the Director of Mines, accountable for six mines, the concentrator and the Mines Technical Services Department. In 2017, Rob joined Hudbay Minerals Inc. as Vice President of Technical Services, and subsequently Vice President of the Manitoba Business Unit. He successfully positioned the business unit to transition the
About New Found Gold Corp.
New Found holds a
Please see the Company's website at www.newfoundgold.ca and the Company's SEDAR+ profile at www.sedarplus.ca.
Keith Boyle
Chief Executive Officer
New Found Gold Corp.
Contact
For further information on New Found, please visit the Company's website at www.newfoundgold.ca, contact us through our investor inquiry form at https://newfoundgold.ca/contact/ or contact:
Fiona Childe
Vice President, Communications and Corporate Development
Email: contact@newfoundgold.ca
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statement Cautions
This press release contains certain "forward-looking statements" within the meaning of Canadian securities legislation, relating to the Company's plans for the coming year; the initial mineral resource estimate and preliminary economic assessment for the Queensway Project and the timing thereof; the benefits of the management changes; exploration, drilling and mineralization on the Queensway Project; plans for future exploration and drilling; and the merits of the Queensway Project. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "interpreted", "intends", "estimates", "projects", "aims", "suggests", "indicate", "often", "target", "future", "likely", "encouraging", "pending", "potential", "goal", "objective", "opportunity", "prospective", "possibly", "preliminary", and similar expressions, or that events or conditions "will", "would", "may", "can", "could" or "should" occur, or are those statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made, and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the TSX Venture Exchange, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include risks associated with the Company's ability to complete the initial mineral resource estimate and preliminary economic assessment, the results and timing of the initial mineral resource estimate and preliminary economic assessment, possible accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, risks associated with the interpretation of exploration, drilling and assay results, the possibility that the Company may not be able to secure permitting and other governmental clearances necessary to carry out the Company's exploration plans, the risk that the Company will not be able to raise sufficient funds to carry out its business plans, and the risk of political uncertainties and regulatory or legal changes that might interfere with the Company's business and prospects. The reader is urged to refer to the Company's Annual Information Form and Management's discussion and Analysis, publicly available through the Canadian Securities Administrators' System for Electronic Document Analysis and Retrieval (SEDAR+) at www.sedarplus.ca for a more complete discussion of such risk factors and their potential effects.
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SOURCE New Found Gold Corp.
FAQ
When will New Found Gold (NFGC) release its maiden mineral resource estimate for the Queensway Project?
What key management changes were announced at New Found Gold (NFGC)?
When will NFGC release its preliminary economic assessment?
What role will Greg Matheson maintain with NFGC after his resignation as COO?
