VANCOUVER, October 25, 2016 /PRNewswire/ --
Capstone Mining Corp. ("Capstone") (TSX: CS) is pleased to
announce the appointment of Robert
Gallagher and Jill Gardiner
to the company's board of directors.
Bob Gallagher has worked in the
mining industry for more than 40 years and has extensive experience
in the development and operation of large-scale mining projects.
Most recently, he was President & CEO and a director of New
Gold, an intermediate gold producer with projects on three
continents. Mr. Gallagher continues to serve as a director of New
Gold Inc. Prior to the merger of Peak Gold, Metallica Resources and
New Gold, Mr. Gallagher was the President and CEO of Peak Gold.
Previously, he spent 15 years with Placer Dome Inc. and seven years
with Newmont Mining Corporation, most recently as Vice President
Operations of Newmont Asia Pacific. During his time at Newmont, Mr.
Gallagher oversaw the completion of development and operation of
the Batu Hijau Mine, the billion-ton, world-class copper-gold mine
located in Indonesia and was
responsible for seven smaller mines in Australia and New Zealand.
Jill Gardiner is a corporate
director and has a financial consulting practice. She is board
chair of Turquoise Hill Resources Ltd. and a director of Capital
Power Corporation, Parkbridge Lifestyle Communities Inc. and
SilverBirch Hotels & Resorts. Previously, Ms. Gardiner spent
over 20 years in the investment banking industry, most recently as
Managing Director and Regional Head, British Columbia, for RBC Capital Markets. She
also held various positions in corporate finance, mergers and
acquisitions and debt capital markets as well as serving as Head of
the Forest Products Group and Head of the Global Utilities Group.
Prior to joining the investment banking industry, Ms. Gardiner was
Senior Project Manager at the Ontario Energy Board and was also a
lecturer at the University of
Victoria.
At the same time Chantal Gosselin
has decided to retire from Capstone's board and Larry Bell has advised that he does not intend
to stand for re-election at Capstone's next Annual General and
Special Meeting.
"I would like to welcome Bob and Jill to Capstone's board," said
George Brack, Capstone's Board
Chair. "They bring a wealth of mining, resource and financial
experience that will be vital to the ongoing advancement of
Capstone's strategy."
"I would also like to thank Chantal
Gosselin for her dedicated involvement on Capstone's board.
Her mining and capital markets experience has been invaluable to
the company," continued Mr. Brack. "In addition I would like to
express my appreciation for her leadership as Chair of the
Corporate Governance and Nominating Committee and her role in
leading the recruitment of the new directors."
About Capstone Mining Corp.
Capstone Mining Corp. is a Canadian base metals mining company,
focused on copper. We are committed to the responsible development
of our assets and the environments in which we operate. Our three
producing mines are the Pinto Valley copper mine located in
Arizona, US, the Cozamin
copper-silver mine in Zacatecas State, Mexico and the Minto copper mine in Yukon, Canada. In addition, Capstone has two
development projects; the large scale 70% owned copper-iron
Santo Domingo project in Region
III, Chile, in partnership with
Korea Resources Corporation, and the 100% owned Kutcho copper-zinc
project in British Columbia,
Canada, as well as exploration properties in Chile and US. Capstone's strategy is to focus
on the optimization of operations and assets in politically stable,
mining-friendly regions, centred in the Americas. Our headquarters
are in Vancouver, Canada and we
are listed on the Toronto Stock Exchange (TSX). Further information
is available at http://www.capstonemining.com.
Cautionary Note Regarding Forward-Looking
Information
This document may contain "forward-looking information" within
the meaning of Canadian securities legislation and "forward-looking
statements" within the meaning of the United States Private
Securities Litigation Reform Act of 1995 (collectively,
"forward-looking statements"). These forward-looking statements are
made as of the date of this document and Capstone does not intend,
and does not assume any obligation, to update these forward-looking
statements, except as required under applicable securities
legislation. By their very nature forward-looking statements
involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of
Capstone to be materially different from any future results,
performance or achievements expressed or implied by the
forward-looking statements.
Cindy Burnett, VP, Investor
Relations and Communications, +1-604-637-8157,
cburnett@capstonemining.com