Collective Mining Announces Death of Paul Murphy, Independent Director and Audit Committee Chair
Collective Mining (NYSE: CNL) (TSX: CNL) announces the passing of Paul Murphy, an Independent Director and Audit Committee Chair. Murphy was a Partner at PricewaterhouseCoopers LLP from 1981 to 2010, serving as National Mining Leader from 2004 to 2010. His career focused on the resource sector, including roles as Director at Continental Gold and CFO of Guyana Goldfields and Guyana Precious Metals.
The Company, founded by the team that sold Continental Gold Inc. to Zijin Mining for ~$2 billion, focuses on gold, silver, copper and tungsten exploration in Caldas, Colombia. Their flagship Guayabales project features the Apollo system, with management and insiders owning 44.5% of outstanding shares.
Collective Mining (NYSE: CNL) (TSX: CNL) annuncia la scomparsa di Paul Murphy, un Direttore Indipendente e Presidente del Comitato di Audit. Murphy è stato Partner presso PricewaterhouseCoopers LLP dal 1981 al 2010, ricoprendo il ruolo di Leader Nazionale del Settore Minerario dal 2004 al 2010. La sua carriera si è concentrata sul settore delle risorse, includendo ruoli come Direttore presso Continental Gold e CFO presso Guyana Goldfields e Guyana Precious Metals.
La Società, fondata dal team che ha venduto Continental Gold Inc. a Zijin Mining per circa 2 miliardi di dollari, si concentra sull'esplorazione di oro, argento, rame e tungsteno a Caldas, in Colombia. Il loro progetto di punta, Guayabales, presenta il sistema Apollo, con la direzione e i soci interni che possiedono il 44,5% delle azioni in circolazione.
Collective Mining (NYSE: CNL) (TSX: CNL) anuncia el fallecimiento de Paul Murphy, un Director Independiente y Presidente del Comité de Auditoría. Murphy fue socio en PricewaterhouseCoopers LLP desde 1981 hasta 2010, desempeñándose como Líder Nacional de Minería desde 2004 hasta 2010. Su carrera se centró en el sector de recursos, incluyendo cargos como Director en Continental Gold y CFO de Guyana Goldfields y Guyana Precious Metals.
La Empresa, fundada por el equipo que vendió Continental Gold Inc. a Zijin Mining por aproximadamente 2 mil millones de dólares, se enfoca en la exploración de oro, plata, cobre y tungsteno en Caldas, Colombia. Su proyecto insignia, Guayabales, cuenta con el sistema Apollo, con la dirección y algunos miembros internos poseyendo el 44,5% de las acciones en circulación.
Collective Mining (NYSE: CNL) (TSX: CNL)는 독립 이사이자 감사 위원회 의장이었던 Paul Murphy의 타계를 발표합니다. Murphy는 1981년부터 2010년까지 PricewaterhouseCoopers LLP의 파트너로 재직하며 2004년부터 2010년까지 국가 광업 리더로 활동했습니다. 그의 경력은 자원 부문에 집중되었으며, Continental Gold의 이사 및 Guyana Goldfields와 Guyana Precious Metals의 CFO 역할을 포함하고 있습니다.
회사는 약 20억 달러에 Continental Gold Inc.를 Zijin Mining에 매각한 팀에 의해 설립되었으며, 콜롬비아 칼다스에서 금, 은, 구리 및 텅스텐 탐사에 집중하고 있습니다. 그들의 대표 프로젝트인 Guayabales는 Apollo 시스템을 특징으로 하며, 경영진과 내부자들이 발행 주식의 44.5%를 소유하고 있습니다.
Collective Mining (NYSE: CNL) (TSX: CNL) annonce le décès de Paul Murphy, un directeur indépendant et président du comité d'audit. Murphy a été associé chez PricewaterhouseCoopers LLP de 1981 à 2010, occupant le poste de leader national en minières de 2004 à 2010. Sa carrière a été axée sur le secteur des ressources, avec des rôles de directeur chez Continental Gold et directeur financier de Guyana Goldfields et Guyana Precious Metals.
L'entreprise, fondée par l'équipe qui a vendu Continental Gold Inc. à Zijin Mining pour environ 2 milliards de dollars, se concentre sur l'exploration de l'or, de l'argent, du cuivre et du tungstène à Caldas, en Colombie. Leur projet phare, Guayabales, comprend le système Apollo, avec la direction et les initiés possédant 44,5 % des actions en circulation.
Collective Mining (NYSE: CNL) (TSX: CNL) gibt den Tod von Paul Murphy bekannt, einem unabhängigen Direktor und Vorsitzenden des Prüfungsausschusses. Murphy war von 1981 bis 2010 Partner bei PricewaterhouseCoopers LLP und fungierte von 2004 bis 2010 als nationaler Bergbauleiter. Seine Karriere konzentrierte sich auf den Rohstoffsektor und umfasste Rollen als Direktor bei Continental Gold sowie CFO von Guyana Goldfields und Guyana Precious Metals.
Das Unternehmen, das von dem Team gegründet wurde, das Continental Gold Inc. für etwa 2 Milliarden Dollar an Zijin Mining verkauft hat, konzentriert sich auf die Exploration von Gold, Silber, Kupfer und Wolfram in Caldas, Kolumbien. Ihr Flaggschiff-Projekt Guayabales bietet das Apollo-System und das Management sowie Insider besitzen 44,5% der ausstehenden Aktien.
- Management and insiders own 44.5% of shares, indicating strong alignment with shareholders
- Company holds options to acquire 100% interests in two projects within established mining camp
- Flagship Guayabales project contains large-scale Apollo system with multiple valuable minerals
- None.
Paul Murphy was a Partner of PricewaterhouseCoopers LLP from 1981 to 2010 including serving as National Mining Leader from 2004 to 2010. Throughout his career, Mr. Murphy worked primarily in the resource sector, with a client list that includes major international oil and gas, and mining companies. He was previously a Director of Continental Gold until its acquisition in March 2020, Chief Financial Officer and Executive Vice President of Guyana Goldfields from 2010 to 2018, and Chief Financial Officer of Guyana Precious Metals from 2012 to 2018. Mr. Murphy obtained a Bachelor of Commerce degree from Queen's University and his Chartered Accountant designation in 1975.
Ari Sussman, Executive Chairman commented: "It is with sadness we announce the loss of Paul as a director of the Company. Paul will always be remembered fondly for his supportive leadership, professionalism and warm nature. Our thoughts are with his family and loved ones."
About Collective Mining Ltd.
To see our latest corporate presentation and related information, please visit www.collectivemining.com
Founded by the team that developed and sold Continental Gold Inc. to Zijin Mining for approximately
The Company's flagship project, Guayabales, is anchored by the Apollo system, which hosts the large-scale, bulk-tonnage and high-grade gold-silver-copper-tungsten Apollo system. The Company's objectives are to expand the Apollo system by stepping out along strike and testing the newly discovered high-grade Apollo Ramp Zone, expand the Trap system and drill a series of newly generated targets including Tower and X.
Management, insiders, a strategic investor and close family and friends own
Follow Executive Chairman Ari Sussman (@Ariski73) on X
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FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" and "forward-looking information" within the meaning of applicable securities legislation (collectively, "forward-looking statements"). All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussion with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always using phrases such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to: the anticipated advancement of mineral properties or programs; future operations; future recovery metal recovery rates; future growth potential of Collective; and future development plans.
These forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding future events including the direction of our business. Management believes that these assumptions are reasonable. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others: risks related to the speculative nature of the Company's business; the Company's formative stage of development; the Company's financial position; possible variations in mineralization, grade or recovery rates; actual results of current exploration activities; conclusions of future economic evaluations; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, precious and base metals or certain other commodities; fluctuations in currency markets; change in national and local government, legislation, taxation, controls regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formation pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); and title to properties, as well as those risk factors discussed or referred to in the annual information form of the Company dated March 27, 2024. Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results, except as may be required by applicable securities laws. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements and there may be other factors that cause results not to be anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements.
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SOURCE Collective Mining Ltd.
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