A leading international mining investment firm has announced that it is rebranding, as it focuses more on becoming a project developer, moving away from its core focus of holding mineral assets.
First Mining Gold, formerly First Mining Finance Group, has undergone an aggressive expansion over the last few years as it transitions into a project developer.
Over the last two years, the company has accumulated 25 mining properties through eight transactions, changing its entire core strategy and shuffling its executive board as it heads into 2018.
First Mining Gold will “focus on advancing its existing properties” moving forward.
The company has outlined its near-term plans for 2018, which include the rebranding to First Mining Gold.
First Mining Gold will also focus its major attention on permitting and developing its 100% owned Springpole Gold Project, located in north-western Ontario. This comes after the completion of a Preliminary Economic Assessment that was announced in late 2017.
In connection with this new strategy, Mr. Jeff Swinoga has been appointed by the Company’s Board of Directors to succeed Dr. Chris Osterman as the Company’s Chief Executive Officer (“CEO”) effective as of January 15, 2018, and Dr. Osterman will assume the role of Chief Operating Officer (“COO”) of the Company to focus on project development. Mr. Patrick Donnelly, the President of the Company, will continue in his current role and will work closely with Mr. Swinoga.
Keith Neumeyer, First Mining’s Chairman, stated, “On behalf of our Board of Directors and our employees, I would like to congratulate Jeff and welcome him to the First Mining team. His people-focused leadership style and industry expertise will be key for the next stages of First Mining’s development as we move our flagship assets towards production.” Mr. Neumeyer further stated, “I would like to thank Chris Osterman for his contributions in advancing the Company to this point and for accepting the COO position. With the Company planning to aggressively advance its attractive portfolio of gold properties, Chris can now focus his efforts solely on advancing our projects.”
Dr. Chris Osterman stated, “I am very pleased with the addition of Jeff Swinoga and look forward to working closely with him to realize our shared vision for the Company. His extensive experience both in capital markets and developing projects will be of tremendous benefit to First Mining. I am excited to devote all of my efforts on moving our flagship assets forward to production.”