Business
Paramount Gold Nevada Strengthens Executive Leadership Team; Appoints Rachel Goldman as CEO
WINNEMUCCA, Nev., Feb. 10, 2020 (GLOBE NEWSWIRE) -- Paramount Gold Nevada Corp. (NYSE American: PZG) (“Paramount”) (the “Company”) announced today that Rachel G
About this update from Paramount Gold Nevada Corp.
[{"type":"text","content":" WINNEMUCCA, Nev., Feb. 10, 2020 (GLOBE NEWSWIRE) -- Paramount Gold Nevada Corp. (NYSE American: PZG) (“Paramount”) (the “Company”) announced today that Rachel Goldman, CDI.D, has joined the Company as Chief Executive Officer and a director. Paramount’s Chairman of the Board, Rudi Fronk, said, “The appointment of Ms. Goldman completes the formation of an Executive Leadership Team with the combined skills the Company needs to play a larger role in the US gold mining industry.” Mr. Fronk is also Chairman and Chief Executive Officer of Seabridge Gold Inc., one of Paramount’s largest shareholders. Paramount has assembled a large base of US gold resources and successfully advanced the highly prospective Grassy Mountain (“Grassy”) gold project in eastern Oregon through Pre-Feasibility and permitting. In mid-2019, the Company received its Conditional Use Permit from Malheur County to operate the underground mine and more recently the Water Appropriation Permit for the mine and processing facility from the Oregon Water Resource Department. “Our next step is to get bigger. We see the potential to grow resources and reserves at our current projects, and when opportunities present themselves, to selectively consolidate and manage smaller gold projects in the US that do not have our established technical, financial expertise and access to capital. Ms. Goldman’s wealth of experience in capital markets and the resource industry rounds out the team,” noted Fronk. “In effect, we have created a three-person Executive Leadership Team with the ability to build or acquire a larger presence in our industry. The team includes our President and Chief Operating Officer, Glen Van Treek who leads technical services and is responsible for our permitting, exploration and development programs, and our Chief Financial Officer, Carlo Buffone, who is responsible for finance and compliance,” said Fronk. “This team has the capacity to evaluate, finance and execute projects at a time when gold is moving back into a more central role as a protector of private wealth,” added Fronk. Commenting on her appointment, Ms. Goldman stated: “I am thrilled to be joining the team at Paramount which has done an exceptional job of managing the permitting process for Oregon’s first modern gold mine. I look forward to helping the company get the recognition it deserves for ...