VANCOUVER, BC, April 12,
2023 /CNW/ - Lundin Gold Inc. (TSX: LUG)
(Nasdaq Stockholm: LUG) ("Lundin Gold" or the "Company") is
pleased to announce the appointment of Christopher Kololian as the Company's new Chief
Financial Officer, effective July 1,
2023. PDF Version
Christopher Kololian is an
experienced financial industry professional with over 16 years'
experience working in the Metals & Mining investment banking
sector in Toronto and London. Christopher spent the last five years
with RBC Capital Markets where he was Managing Director and Co-Head
of Metals & Mining for Europe,
Middle East and Africa. Over the course of his career,
Christopher has advised natural resources companies on
approximately US$20 billion of
capital raised through a variety of equity and debt. Christopher's
significant M&A experience extends across
geographies, commodities and stages of development within
the natural resources sector.
Ron Hochstein, President and CEO
commented, "I am delighted to welcome Chris to Lundin Gold at this exciting time for the
Company. Chris' broad global banking expertise will assist
Lundin Gold in realizing on
potential growth opportunities and optimizing our treasury
strategy. I also want to thank Chester
See for his continuing support as Interim Chief Financial
Officer of Lundin Gold during this
transition period."
Upon Chris' commencement with the Company, Chester See will continue in the role as Senior
Vice-President, Finance.
About Lundin Gold
Lundin Gold, headquartered in
Vancouver, Canada, owns the Fruta
del Norte gold mine in southeast Ecuador. Fruta del Norte is among the
highest-grade operating gold mines in the world.
The Company's board and management team have extensive expertise
in mine operations and are dedicated to operating Fruta del Norte
responsibly. The Company operates with transparency and in
accordance with international best practices. Lundin Gold is committed to delivering value to
its shareholders, while simultaneously providing economic and
social benefits to impacted communities, fostering a healthy and
safe workplace and minimizing the environmental impact. The Company
believes that the value created through the development of Fruta
del Norte will benefit its shareholders, the Government and the
citizens of Ecuador.
Additional Information
The information in this release is subject to the disclosure
requirements of Lundin Gold under
the EU Market Abuse Regulation. This information was publicly
communicated on April 12, 2023 at
2:00 p.m. Pacific Time through the
contact persons set out below.
Caution Regarding Forward-Looking
Information and Statements
Certain of the information and statements in this press
release are considered "forward-looking information" or
"forward-looking statements" as those terms are defined under
Canadian securities laws (collectively referred to as
"forward-looking statements"). Any statements that express or
involve discussions with respect to predictions, expectations,
beliefs, plans, projections, objectives, assumptions or future
events or performance (often, but not always, identified by words
or phrases such as "believes", "anticipates", "expects", "is
expected", "scheduled", "estimates", "pending", "intends", "plans",
"forecasts", "targets", or "hopes", or variations of such words and
phrases or statements that certain actions, events or results
"may", "could", "would", "will", "should" "might", "will be taken",
or "occur" and similar expressions) are not statements of
historical fact and may be forward-looking statements. By their
nature, forward-looking statements and information involve
assumptions, inherent risks and uncertainties, many of which are
difficult to predict, and are usually beyond the control of
management, that could cause actual results to be materially
different from those expressed by these forward-looking statements
and information. Lundin Gold
believes that the expectations reflected in this forward-looking
information are reasonable, but no assurance can be given that
these expectations will prove to be correct. Forward-looking
information should not be unduly relied upon. This information
speaks only as of the date of this press release, and the Company
will not necessarily update this information, unless required to do
so by securities laws.
This press release contains forward-looking information in
several places, such as in statements relating to expected benefits
resulting from the appointment of a new executive officer.
There can be no assurance that such statements will prove to be
accurate, as Lundin Gold's actual
results and future events could differ materially from those
anticipated in this forward-looking information as a result of the
factors discussed in the "Risk Factors" section in Lundin Gold's Annual Information Form
dated March 31,
2023, which is available at www.lundingold.com
or on SEDAR.
Lundin Gold's actual results
could differ materially from those anticipated. Factors that could
cause actual results to differ materially from any forward-looking
statement or that could have a material impact on the Company or
the trading price of its shares include: risks related to
political and economic instability
in Ecuador; risks associated with the Company's
community relationships; risks related to estimates of
production, cash flows and costs; risks inherent to mining
operations; shortages of critical supplies; the cost of
non-compliance and compliance costs; control of the Company's
largest shareholders; volatility in the price of gold;
failure of the Company to maintain its obligations under its debt
facilities; risks related to Lundin
Gold's compliance with environmental laws and liability
for environmental contamination; the lack of availability
of infrastructure; the Company's reliance on one mine;
security risks to the Company, its assets and its personnel;
risks related to illegal mining; exploration and
development risks; the impacts of a pandemic
virus outbreak; risks related to the Company's ability to
obtain, maintain or renew regulatory approvals, permits and
licenses; uncertainty with and changes to the tax regime
in Ecuador; the reliance of the Company on its information
systems and the risk of cyber-attacks on those systems; the
imprecision of Mineral Reserve and Resource estimates;
deficient or vulnerable title to concessions, easements and
surface rights; inherent safety hazards and risk to the health
and safety of the Company's employees and contractors; risks
related to the Company's workforce and its labour relations;
key talent recruitment and retention of key personnel;
volatility in the market price of the Company's shares; measures to
protect endangered species and critical habitats; social media
and reputation; the adequacy of the Company's insurance;
risks relating to the declaration of dividends; uncertainty as to
reclamation and decommissioning; the ability of Lundin Gold to ensure compliance with
anti-bribery and anti-corruption laws; the uncertainty
regarding risks posed by climate change; limits of disclosure
and internal controls; the potential for litigation; and
risks due to conflicts of interest.
SOURCE Lundin Gold Inc.