Sunny Lowe Joins Prime Mining's Board of Directors Bringing Expertise
Prime Mining Welcomes New Board Member Sunny Lowe
Prime Mining Corp. (TSX: PRYM, OTCQX: PRMNF) is delighted to announce a significant addition to its leadership team with the appointment of Sunny Lowe to its Board of Directors. Her extensive expertise in the mining sector is expected to provide a fresh perspective and strategic guidance.
Leadership Strength from Experience
Murray John, Chair of the Board of Directors, expressed his enthusiasm about Sunny joining the team. He emphasized that her rich background in finance, tax, and risk management would greatly benefit Prime Mining as the company continues to advance the Los Reyes Project. The aim is to leverage her skills to navigate the complexities of the mining industry effectively.
Sunny Lowe's Impressive Background
Sunny Lowe, a Chartered Professional Accountant (CPA, CA), brings over two decades of experience primarily within the mining sector. Currently serving as the Chief Financial Officer at Solaris Resources Inc., she has played pivotal roles in other esteemed companies, including INV Metals and Kinross Gold Corporation. Her knowledge spans finance, internal audits, and corporate controllership, strengthening the financial acumen within Prime.
Solid Educational Foundation
Sunny's educational background supports her impressive career; she earned her CPA designation while at Ernst & Young LLP and holds an MBA from the Schulich School of Business. This blend of practical experience and academic prowess makes her an asset to the executive team.
Compensation and Share Units
In recognition of her new position, Ms. Lowe has been granted 88,415 deferred share units effective September 25, 2024. This grant is aligned with the company's DSU Plan and reflects Prime's commitment to aligning interests between its directors and shareholders.
Overview of the Los Reyes Gold and Silver Project
The Los Reyes Project represents a high-grade, low-sulphidation epithermal gold-silver development in Mexico that has shown rapid evolution since Prime's acquisition in 2019. The company has invested around CAD$55 million in direct exploration activities, resulting in over 198,500 meters of drilling. Notably, an updated resource statement earlier this year revealed a multi-million-ounce high-grade open pit constrained resource.
Exciting Growth Potential
Ongoing drilling at the project suggests that the three main deposit areas are larger than initially reported. Besides, mineralized trends identified outside the currently defined resource areas indicate potential for new discoveries. Historically, the Los Reyes site was productive, yielding an estimated 1 million ounces of gold and 60 million ounces of silver from various operations between 1770 and 1990.
Prime Mining's Strategic Focus
Prime Mining is spearheaded by a balanced mix of seasoned mining executives, knowledgeable capital markets professionals, and experienced local operators, all unified in their goal to unlock the full potential of the Los Reyes Project. The company is pursuing resource expansion through discovery initiatives, and it is committed to de-risking efforts that are critical for eventual development.
Company Contact Details
For more information about Prime Mining and its initiatives, interested parties can reach out to: Scott Hicks, CEO & Director, or 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
Frequently Asked Questions
What is Prime Mining Corp. known for?
Prime Mining Corp. is recognized for its high-grade gold and silver mining project, Los Reyes, located in Mexico.
Who is Sunny Lowe?
Sunny Lowe is a new board member at Prime Mining, bringing over 20 years of experience in finance and mining.
What is the Los Reyes Project?
The Los Reyes Project is a high-grade gold-silver resource that Prime Mining has been developing since its acquisition.
What is the significance of the DSU granted to Sunny Lowe?
The deferred share units connect Sunny’s compensation to the company’s performance, aligning her interests with those of shareholders.
How has Prime Mining invested in exploration?
Prime Mining has invested approximately CAD$55 million in exploration activities for the Los Reyes project, focusing on enhancing its resource base.
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