Sunny Lowe Joins Prime Mining Corp's Board of Directors
Sunny Lowe Joins Prime Mining's Leadership Team
Prime Mining Corp. (TSX: PRYM) (Other OTC: PRMNF) (Frankfurt: O4V3) has recently appointed Sunny Lowe to its Board of Directors. This announcement highlights a strategic move by the company to strengthen its leadership team as it continues its key projects, particularly the Los Reyes Project.
Welcome to Sunny Lowe
Murray John, Chair of the Board, expressed enthusiasm about Sunny's appointment, stating, "I am very pleased to welcome Sunny to the Prime Board. 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." This sentiment reflects the company's commitment to professional growth and expansion.
Sunny Lowe’s Impressive Credentials
Ms. Sunny Lowe is a CPA and CA with over 20 years of experience in finance, international tax, and risk management within the mining sector. Currently serving as the Chief Financial Officer at Solaris Resources Inc., her prior roles include Chief Financial Officer at INV Metals and leadership positions at Kinross Gold Corporation. Her experience includes Vice President roles overseeing internal audit, enterprise risk management, and corporate controllership.
Sunny's academic credentials are just as impressive; she emerged from Ernst & Young LLP, acquiring her CPA/CA designation, and earned an MBA from the Schulich School of Business. Her expertise positions Prime Mining for thoughtful financial and operational growth.
Strategic Moves at Prime Mining
The company granted Ms. Lowe 88,415 deferred share units effective at the firm's recent closing price, aligning her interests with those of shareholders and ensuring her contributions are rewarded equivalently as the company progresses.
Los Reyes Gold and Silver Project Overview
The Los Reyes Project, located in Sinaloa State, Mexico, is at the heart of Prime Mining’s strategy. Characterized as a high-grade, low-sulfidation epithermal gold-silver project, it has witnessed significant investment since acquisition in 2019. With approximately CAD$55 million directed towards exploration, the company has completed over 198,500 meters of drilling to date, revealing promising resource estimates.
In an update earlier this year, Prime Mining reported a multi-million-ounce high-grade open-pit constrained resource, reflecting the project’s strong potential. Current drilling indicates the three main deposit areas—Guadalupe, Central, and Z-T—may be larger than initially believed. New discoveries are possible as mineralized trends are unfolding beyond the defined resource regions.
Historic Production and Future Projections
A glance into the past shows that Los Reyes yielded approximately 1 million ounces of gold and 60 million ounces of silver from operations that occurred between 1770 and 1990. Previous operators invested around US$20 million into exploration, engineering, and prefeasibility studies, setting the stage for Prime Mining's ongoing exploration and development work.
Prime Mining’s approach includes not just expanding resources but also ensuring technical de-risking to pave the way for future project advancements. The current management team is comprised of experienced mining executives, capital market professionals, and proficient local operators, all with a singular focus on unlocking the project's full potential.
Conclusion
As Prime Mining Corp continues to navigate its ambitious plans, Sunny Lowe’s appointment serves as an indication of the company’s commitment to employing experienced leaders. The company aims to broaden its resource base through innovative discovery strategies while enhancing its operational framework.
Frequently Asked Questions
1. Who is Sunny Lowe?
Sunny Lowe is the newly appointed Independent Director of Prime Mining Corp, bringing extensive experience from the mining sector.
2. What is the Los Reyes Project?
The Los Reyes Project is a high-grade gold-silver project located in Mexico, which has seen significant exploration and investment.
3. How much has Prime Mining invested in exploration?
Prime Mining has invested approximately CAD$55 million in exploration activities at the Los Reyes Project since acquiring it in 2019.
4. What roles has Sunny Lowe held previously?
Sunny Lowe has served as CFO at Solaris Resources and INV Metals and held significant finance roles at Kinross Gold Corporation.
5. What is the future outlook for Prime Mining?
With Sunny Lowe on the board, Prime Mining aims for significant resource expansions and enhanced project development strategies.
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