Overall Gold Performance In 2016 Leads To Solid Growth &
High Expectations For Gold Mining Sector; Barrick Announces Board
Of Director Addition to NuLegacy Gold
Coral Springs, FL -- March 22, 2016 -- InvestorsHub
NewsWire -- Even as Gold has retreated slightly due to a
stronger dollar, 2016 has continued to be gold's year as the
industry experiences growth and progress through mining
advancements, new drilling efforts, mergers and acquisitions, as
well as looking much less risky for miners today. Mining companies
in focus today in the markets are NuLegacy Gold Corporation
(OTCQX:
NULGF), Barrick Gold Corp. (NYSE:
ABX), Goldcorp Inc. (NYSE:
GG), Gold Standard Ventures Corp. (NYSE:
GSV) (TSXV: GSV) & Kinross Gold
Corporation (NYSE: KGC) (TSX: K)
NuLegacy Gold Corporation (TSXV: NUG.V)
(OTCQX:
NULGF) is pleased to report that Barrick Gold Corporation,
NuLegacys largest shareholder, has nominated Mr. Robert L.
Krcmarov, Executive Vice President, Exploration & Growth for
Barrick as their representative to NuLegacy Golds Board of
Directors. Mr. Krcmarov is a senior mining executive with
nearly 30 years of exploration, operations and corporate
responsibilities spanning five continents.
Read the full NuLegacy Gold (NULGF)(NUG.TSXV)
Press Release at: http://www.financialnewsmedia.com/profiles/nulgf.html
As Executive Vice President Exploration & Growth, Mr.
Krcmarov leads Barricks remarkably successful global exploration
program, overseeing a team of more than 100 geoscientists and
several hundred technical and support staff with annual budgets
ranging from $120 million to $500 million. He is a key
participant in the evaluation of new business opportunities and
strategic planning, and a member of Barricks Investment Committee,
which evaluates and approves all investments greater than $10
million.
In 2014, Rob Krcmarov was co-recipient of the PDACs Thayer
Lindsley award for International Mineral Discovery of the year; he
and his team discovered Barricks 10+ millioni ounce Goldrush
deposit, located directly adjacent to NuLegacys Iceberg gold
deposit. NuLegacy appreciates the significance of
Barricks appointment of such a highly qualified representative to
NuLegacys Board. We are delighted that
Barrick chose the leader of its Goldrush deposit discovery team to
represent their company on our Board, remarked NuLegacy Chairman
Albert Matter.
In other mining developments and recent happenings:
Barrick Gold Corporation (NYSE:
ABX)(ABX.TO)
also recently announced that Rob Krcmarov, currently Senior Vice
President, Global Exploration, has been elevated to the position of
Executive Vice President, Exploration and Growth, and will become a
member of Barrick's Executive Committee, a group of the company's
most senior partners.
Goldcorp Inc. (NYSE:
GG)(TSX:G)
also announced recent changes in senior leadership as the Company
exits a phase of intensive project development and now focuses on
optimizing the performance of its portfolio of low-cost mines and
advancing a robust organic project pipeline. The business renewal
strategy is designed to ensure disciplined capital allocation
through a decentralized management approach. Under the new
management structure, mine general managers will be empowered to
act as business owners and will be held accountable for maximizing
the return on the capital invested in, while growing the net asset
value of, their businesses. These operations will be
supported by a leaner senior executive team at the company's head
office.
Gold Standard Ventures Corp. (NYSE:GSV)
(TSXV:GSV)
recently announced an updated National Instrument (NI)
43-101-compliant resource estimate for its Pinion gold deposit on
its 100%-owned/controlled Railroad-Pinion Project in Nevada's
Carlin Trend. The estimate was prepared by APEX Geoscience Ltd. of
Edmonton, Canada ("APEX") and is dated March 10, 2016. An NI
43-101-compliant technical report will be filed with SEDAR within
45 days of the date of this news release.
On March 18, 2016, Compaa Minera Maricunga ("CMM"), a
wholly-owned subsidiary of Kinross Gold Corporation (NYSE:
KGC)(TSX:K.TO),
was notified by Chile's environmental regulatory authority (the
"SMA") of a resolution commencing a legal process that will seek to
require CMM to close the Maricunga mine's water pumping wells
located in the Pantanillo area of Region III. Read the full
release at http://finance.yahoo.com/news/kinross-responds-recent-sma-notification-141535986.html
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