Prime Mining Announces Appointment of Sunny Lowe to Board of Directors
Prime Mining Corp. (TSV: PRYM) (OTCQX: PRMNF) has appointed Sunny Lowe to its Board of Directors as an Independent Director. Ms. Lowe, currently the CFO of Solaris Resources Inc., brings over 20 years of finance, international tax, and risk management experience in the mining sector. Her previous roles include CFO at INV Metals and leadership positions at Kinross Gold and Inmet Mining
Murray John, Chair of the Board, expressed enthusiasm for Ms. Lowe's addition, citing her extensive financial, mining, and executive experience as valuable assets for advancing the Los Reyes Project. The Company has granted Ms. Lowe 88,415 deferred share units (DSUs) at a 5-day volume weighted average price of $1.64, effective September 25, 2024.
Prime Mining Corp. (TSV: PRYM) (OTCQX: PRMNF) ha nominato Sunny Lowe nel suo Consiglio di Amministrazione come Direttore Indipendente. La signora Lowe, attualmente CFO di Solaris Resources Inc., porta con sé oltre 20 anni di esperienza in finanza, tassazione internazionale e gestione del rischio nel settore minerario. Le sue precedenti esperienze includono il ruolo di CFO presso INV Metals e posizioni di leadership in Kinross Gold e Inmet Mining.
Murray John, Presidente del Consiglio, ha espresso entusiasmo per l'aggiunta della signora Lowe, sottolineando la sua vasta esperienza in finanza, miniere e in ruoli dirigenziali come risorse importanti per portare avanti il Progetto Los Reyes. L'Azienda ha conferito alla signora Lowe 88.415 unità azionarie differite (DSUs) a un prezzo medio ponderato sui volumi di $1.64 negli ultimi 5 giorni, con effetto dal 25 settembre 2024.
Prime Mining Corp. (TSV: PRYM) (OTCQX: PRMNF) ha designado a Sunny Lowe en su Junta Directiva como Directora Independiente. La Sra. Lowe, actualmente CFO de Solaris Resources Inc., aporta más de 20 años de experiencia en finanzas, impuestos internacionales y gestión de riesgos en el sector minero. Sus roles anteriores incluyen CFO en INV Metals y puestos de liderazgo en Kinross Gold e Inmet Mining.
Murray John, Presidente de la Junta, expresó entusiasmo por la incorporación de la Sra. Lowe, citando su amplia experiencia en finanzas, minería y dirección como activos valiosos para avanzar en el Proyecto Los Reyes. La Compañía ha otorgado a la Sra. Lowe 88.415 unidades de acciones diferidas (DSUs) a un precio promedio ponderado por volumen de $1.64 durante 5 días, efectivo a partir del 25 de septiembre de 2024.
프라임 마이닝 Corp. (TSV: PRYM) (OTCQX: PRMNF)는 이사회의 독립 이사로 Sunny Lowe를 임명했습니다. Lowe 씨는 현재 Solaris Resources Inc.의 CFO로 재직 중이며, 광업 분야에서 20년 이상의 재무, 국제 세금 및 리스크 관리 경험을 보유하고 있습니다. 그녀의 이전 역할로는 INV Metals의 CFO와 Kinross Gold 및 Inmet Mining에서의 리더십 직책이 있습니다.
이사회 의장인 머리 존은 Lowe 씨의 합류에 대해 열정을 표현하며, 그녀의 광범위한 재무, 광업 및 경영 경험이 로스 레예스 프로젝트를 추진하는 데 중요한 자산이 될 것이라고 강조했습니다. 회사는 2024년 9월 25일부터 5일간의 거래량 가중 평균 가격으로 $1.64에 해당하는 88,415개의 이연 주식 단위(DSU)를 Lowe 씨에게 부여했습니다.
Prime Mining Corp. (TSV: PRYM) (OTCQX: PRMNF) a nommé Sunny Lowe au sein de son Conseil d'Administration en tant que Directrice Indépendante. Mme Lowe, actuellement CFO de Solaris Resources Inc., apporte plus de 20 ans d'expérience en finance, fiscalité internationale et gestion des risques dans le secteur minier. Ses précédents postes incluent CFO chez INV Metals et des fonctions de leadership chez Kinross Gold et Inmet Mining.
Murray John, Président du Conseil, a exprimé son enthousiasme pour l'ajout de Mme Lowe, en citant son expérience extensive en finance, en mines et en direction comme des atouts précieux pour faire avancer le Projet Los Reyes. La Société a accordé à Mme Lowe 88.415 unités d'actions différées (DSUs) à un prix moyen pondéré par les volumes de $1.64, effectif à partir du 25 septembre 2024.
Die Prime Mining Corp. (TSV: PRYM) (OTCQX: PRMNF) hat Sunny Lowe in ihren Vorstand berufen als unabhängige Direktorin. Frau Lowe, die derzeit CFO von Solaris Resources Inc. ist, bringt über 20 Jahre Erfahrung in Finanzen, internationalen Steuern und Risikomanagement im Bergbau mit. Zu ihren bisherigen Positionen gehören CFO bei INV Metals und Führungspositionen bei Kinross Gold und Inmet Mining.
Murray John, Vorsitzender des Vorstands, äußerte Enthusiasmus über die Hinzunahme von Frau Lowe und nannte ihre umfangreiche Erfahrung in Finanzen, Bergbau und Geschäftsführung als wertvolle Ressourcen zur Förderung des Los Reyes-Projekts. Das Unternehmen hat Frau Lowe 88.415 vergütete Aktieneinheiten (DSUs) zu einem 5-Tage volumengewichteten Durchschnittspreis von $1,64 gewährt, gültig ab dem 25. September 2024.
- Appointment of Sunny Lowe as an Independent Director with extensive mining industry experience
- Lowe's 20+ years of finance, international tax, and risk management expertise in the mining sector
- Potential for fresh perspectives and strengthened leadership in advancing the Los Reyes Project
- None.
VANCOUVER, British Columbia, Sept. 26, 2024 (GLOBE NEWSWIRE) -- Prime Mining Corp. (“Prime”, or the “Company”) (TSV: PRYM) (OTCQX: PRMNF) (Frankfurt: O4V3) is pleased to announce the appointment of Sunny Lowe to its Board of Directors.
“I am very pleased to welcome Sunny to the Prime Board,” stated Murray John, Chair of the Board of Directors. “As an Independent Director, Sunny brings a wealth of financial, mining and executive experience to Prime. We are looking forward to working with her as the Management team advances the Los Reyes Project.”
Ms. Sunny Lowe is a CPA, CA with more than 20 years of finance, international tax and risk management experience mostly spent in the mining sector. Ms. Lowe is currently the Chief Financial Officer of Solaris Resources Inc. Prior to joining Solaris Resources, Ms. Lowe was with INV Metals as Chief Financial Officer and at Kinross Gold Corporation, first as Vice President, Internal Audit & Enterprise Risk Management and then as Vice President, Finance, overseeing the company’s External Financial Reporting and Corporate Controllership functions. Ms. Lowe also worked at Inmet Mining Corporation where she held leadership roles across functions including Enterprise Risk Management, Global Taxation & Compliance, and Business Systems & Controls.
Ms. Lowe obtained her CPA, CA designation while working at Ernst & Young LLP and a MBA from the Schulich School of Business.
The Company has granted Ms. Lowe 88,415 deferred share units (“DSU”s) effective September 25, 2024 at Prime’s 5-day volume weighted average price of
About the Los Reyes Gold and Silver Project
Los Reyes is a rapidly evolving high-grade, low sulphidation epithermal gold-silver project located in Sinaloa State, Mexico. Since acquiring Los Reyes in 2019, Prime has spent approximately CAD
May 2, 2023 Resource Statement
| Assurance Category | Ore Tonnes Mt | Average Gold Grade (g/t) | Contained Gold (k ozs) | Average Silver Grade (g/t) | Contained Silver (k ozs) | Average AuEq Grade (g/t) (1) | Contained AuEq (k ozs) |
| Measured (M) | - | - | - | - | - | - | - |
| Indicated (I) | 27.2 | 1.16 | 1, 013 | 40.40 | 35,263 | 1.68 | 1,470 |
| M+I | 27.2 | 1.16 | 1, 013 | 40.40 | 35,263 | 1.68 | 1,470 |
| Inferred | 18.1 | 0.85 | 497 | 31.52 | 18,334 | 1.26 | 734 |
(1) Refer to the Additional Technical Notes section for the gold equivalent grade (“AuEq”) calculation method.
Drilling is on-going and suggests that the three known main deposit areas (Guadalupe, Central and Z-T) are larger than previously reported. Potential also exists for new discoveries where mineralized trends have been identified outside of the currently defined resource areas.
Historic operating results indicate that an estimated 1 million ounces of gold and 60 million ounces of silver were recovered from five separate operations at Los Reyes between 1770 and 1990. Prior to Prime’s acquisition, recent operators of Los Reyes had spent approximately US
About Prime Mining
Prime is managed by an ideal mix of successful mining executives, strong capital markets personnel and experienced local operators all focused on unlocking the full potential of the Los Reyes Project. The Company has a well-planned capital structure with a strong management team and insider ownership. Prime is targeting a material resource expansion at Los Reyes through a combination of new generative area discoveries and growth, while also building on technical de-risking activities to support eventual project development.
For further information, please visit https://primeminingcorp.ca/ or direct enquiries to:
Scott Hicks
CEO & Director
Indi Gopinathan
VP Capital Markets & Business Development
Prime Mining Corp.
710 – 1030 West Georgia St.
Vancouver, BC V6E 2Y3 Canada
+1(604) 238-1659
info@primeminingcorp.ca
Cautionary Notes to U.S. Investors Concerning Resource Estimates
This news release has been prepared in accordance with the requirements of the securities laws in effect in Canada, which differ from the requirements of the U.S. securities laws. In particular, and without limiting the generality of the foregoing, the terms “mineral reserve”, “proven mineral reserve”, “probable mineral reserve”, “inferred mineral resources,” “indicated mineral resources,” “measured mineral resources” and “mineral resources” used or referenced in this presentation are Canadian mineral disclosure terms as defined in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) under the guidelines set out in the 2014 Canadian Institute of Mining, Metallurgy and Petroleum Standards for Mineral Resources and Mineral Reserves, Definitions and Guidelines, May 2014 (the “CIM Standards”). The CIM Standards differ from the mineral property disclosure requirements of the U.S. Securities and Exchange Commission (the “SEC”) in Regulation S-K Subpart 1300 (the “SEC Modernization Rules”) under the U.S. Securities Act of 1933, as amended (the “Securities Act”). As a foreign private issuer that is eligible to file reports with the SEC pursuant to the multijurisdictional disclosure system, the Company is not required to provide disclosure on its mineral properties under the SEC Modernization Rules and will continue to provide disclosure under NI 43-101 and the CIM Standards. Accordingly, the Company’s disclosure of mineralization and other technical information may differ significantly from the information that would be disclosed had the Company prepared the information under the standards adopted under the SEC Modernization Rules.
Forward Looking Information
This news release contains certain “forward-looking information” and “forward-looking statements” within the meaning of Canadian securities legislation as may be amended from time to time, including, without limitation, statements regarding the perceived merit of the Company’s properties, including additional exploration potential of Los Reyes, potential quantity and/or grade of minerals, the potential size of the mineralized zone, metallurgical recoveries, and the Company’s exploration and development plans in Mexico. Forward-looking statements are statements that are not historical facts which address events, results, outcomes, or developments that the Company expects to occur. 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 several risks and uncertainties. Certain material assumptions regarding such forward-looking statements were made, including without limitation, assumptions regarding the price of gold, silver and copper; the accuracy of mineral resource estimations; that there will be no material adverse change affecting the Company or its properties; that all required approvals will be obtained, including concession renewals and permitting; that political and legal developments will be consistent with current expectations; that currency and exchange rates will be consistent with current levels; and that there will be no significant disruptions affecting the Company or its properties. 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. Forward-looking statements involve significant known and unknown risks and uncertainties, which could cause actual results to differ materially from those anticipated. These risks include, but are not limited to: risks related to uncertainties inherent in the preparation of mineral resource estimates, including but not limited to changes to the cost assumptions, variations in quantity of mineralized material, grade or recovery rates, changes to geotechnical or hydrogeological considerations, failure of plant, equipment or processes, changes to availability of power or the power rates, ability to maintain social license, changes to interest or tax rates, changes in project parameters, delays and costs inherent to consulting and accommodating rights of local communities, environmental risks, title risks, including concession renewal, commodity price and exchange rate fluctuations, risks relating to COVID-19, delays in or failure to receive access agreements or amended permits, risks inherent in the estimation of mineral resources; and risks associated with executing the Company’s objectives and strategies, including costs and expenses, as well as those risk factors discussed in the Company's most recently filed management's discussion and analysis, as well as its annual information form dated March 25, 2024, available on www.sedarplus.ca. Except as required by the securities disclosure laws and regulations applicable to the Company, the Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change.
FAQ
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