Spanish Mountain Gold is Pleased to Announce Mark Ruus as Chief Financial Officer

Rhea-AI Summary

Spanish Mountain Gold (TSXV: SPA) (FSE: S3Y) (OTC Pink: SPAZF) has appointed Mark Ruus as Chief Financial Officer. With nearly 30 years of mining experience, Ruus brings extensive knowledge in financing, cost control, business efficiency, compliance, tax, merger and acquisition, and financial reporting for mining companies. He previously held senior positions at major gold mining companies including Kinross Gold, Goldcorp, and Placer Dome.

Ruus, a CPA-CA, expressed excitement about joining Spanish Mountain Gold as it transitions from explorer and developer to producer. CEO Peter Mah highlighted Ruus' passion and leadership skills as instrumental to the company's mission of sustainable growth.

Positive

• Appointment of experienced CFO with nearly 30 years in the mining industry
• New CFO has held senior positions at major gold mining companies
• Addition of expertise in financing, cost control, and business efficiency

Negative

• None.

News Market Reaction

-0.09%

1 alert

-0.09% News Effect

On the day this news was published, SPAZF declined 0.09%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Vancouver, British Columbia--(Newsfile Corp. - August 6, 2024) - Spanish Mountain Gold Ltd. (TSXV: SPA) (FSE: S3Y) (OTC Pink: SPAZF) (the "Company" or "Spanish Mountain Gold") is pleased to announce the appointment of Mr. Mark Ruus as Chief Financial Officer ("CFO") of the Company. Bringing almost three decades of mining experience, Mr. Ruus began his career at PwC, and has since held Vice President and Senior Vice President Tax positions at several major gold mining companies including Kinross Gold Corporation, Goldcorp Inc. and Placer Dome Inc.. Holding his CPA - CA designation, Mr. Ruus brings a wealth of knowledge and experience with regard to financing, cost control, business efficiency, compliance, tax, merger and acquisition, and financial reporting for domestic and multinational mining companies.

Mark Ruus shared, "I am excited to be joining the Spanish Mountain team at this stage of the Company. I believe my experience will help build the Company as it transitions from explorer, developer to producer. I am eager to contribute to the Company's collective success and honoured to join the dynamic, forward-thinking team at Spanish Mountain."

Peter Mah, Spanish Mountain Gold's President, CEO and Director comments, "We are very excited to announce Mark Ruus' appointment as Chief Financial Officer of the Company. Mark's passion and leadership skills will be instrumental to our mission to deliver sustainable growth.

About Spanish Mountain Gold Ltd.

Spanish Mountain Gold Ltd. is focused on advancing its 100% owned Spanish Mountain Gold Project towards construction of the next gold mine in the Cariboo Gold Corridor, British Columbia. We are conducting an integrated Whittle Enterprise Optimization to identify the highest potential value-add improvements while increasing the understanding of the high-grade geologic controls and associated drill targets that could upgrade and expand the gold resource. We are striving to be a leader in community and indigenous relations by leveraging technology and innovation to build the "greenest" gold mine in Canada. The "Relentless Pursuit for Better Gold" means seeking new ways to achieve optimal financial outcomes that are safer, minimize environmental impact and create meaningful sustainability for communities. Details on the Company are available on www.sedarplus.ca and on the Company's website: www.spanishmountaingold.com.

On Behalf of the Board,

"Peter Mah"
President, Chief Executive Officer, and Director
Spanish Mountain Gold Ltd.

For more information, contact:
Investor Relations
(604) 398-4377
info@spanishmountaingold.com

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Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

FORWARD-LOOKING STATEMENTS:

Certain of the statements and information in this press release constitute "forward-looking statements" or "forward-looking information" Any statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects", "anticipates", "believes", "plans", "estimates", "intends", "targets", "goals", "forecasts", "objectives", "potential" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements or information. The Company's forward-looking statements and information are based on the assumptions, beliefs, expectations and opinions of management as of the date of this press release, and other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking statements and information if circumstances or management's assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements or information. For the reasons set forth above, investors should not place undue reliance on forward-looking statements and information.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/218823

FAQ

Who is the new CFO of Spanish Mountain Gold (SPAZF)?

Mark Ruus has been appointed as the new Chief Financial Officer of Spanish Mountain Gold (SPAZF).

What experience does Mark Ruus bring to Spanish Mountain Gold (SPAZF)?

Mark Ruus brings nearly 30 years of mining experience, including senior positions at major gold mining companies like Kinross Gold, Goldcorp, and Placer Dome. He has expertise in financing, cost control, business efficiency, compliance, tax, merger and acquisition, and financial reporting.

How might Mark Ruus' appointment impact Spanish Mountain Gold's (SPAZF) transition?

Mark Ruus' appointment is expected to help Spanish Mountain Gold (SPAZF) transition from an explorer and developer to a producer, leveraging his extensive experience in the mining industry.

What professional designation does Mark Ruus hold?

Mark Ruus holds a CPA-CA (Chartered Professional Accountant - Chartered Accountant) designation.