Friedland joins gold company 'given state of the markets'
Michael McCrae Michael McCrae -
Monday June 22, 2020 16:44
Kitco NewsShare this article:
South American development company
Gold X Mining (TSX:GLDX) said Monday that industry legend Robert Friedland will become its non-executive chair.
Current chair, Paul Matysek, will resign to make space for Friedland.
Gold X is developing its Toroparu gold project in Guyana, South America.
Gold X said it has spent more than US$150 million classifying 7.35 million ounces of measured and indicated and 3.15 M-oz of inferred gold resources, developing engineering studies for use in a feasibility study, and defining a number of exploration targets around Toroparu.
Given the stats of the markets, Friedland said he is happy to join Gold X.
“Paul and I had the pleasure to work together very successfully at Potash One, where I was the Chairman, and which we sold in a friendly transaction for $434-million cash in 2011. Paul’s team is now developing an important gold project in Guyana, a beautiful country of which I am very fond and with which I have had a long experience. Given the state of the financial markets, and the large existing and open-ended geological potential of this project, I am happy to join Paul and his team at Gold X to lend a hand,” said Robert Friedland in a news release. Gold X made news a month ago when it tried to assemble a deal with itself, Gran Colombia and Guyana Goldfields. Zijin Mining eventually came out on top, acquiring Guyana for C$323 million.
Matysek said he is happy to stand aside for Friedland.
“The great Michael Jordan once said, ‘Some people want it to happen, some wish it would happen, others make it happen’. Robert Friedland has crafted a life of success after success and I’m thrilled that he has joined our Board as Chairman to keep making it happen for Gold X and our valued shareholders,” said Matysek.
By Michael McCrae
For Kitco News
In GOD We Trust -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
Michael McCrae Michael McCrae -
Monday June 22, 2020 16:44
Kitco NewsShare this article:
South American development company
Gold X Mining (TSX:GLDX) said Monday that industry legend Robert Friedland will become its non-executive chair.
Current chair, Paul Matysek, will resign to make space for Friedland.
Gold X is developing its Toroparu gold project in Guyana, South America.
Gold X said it has spent more than US$150 million classifying 7.35 million ounces of measured and indicated and 3.15 M-oz of inferred gold resources, developing engineering studies for use in a feasibility study, and defining a number of exploration targets around Toroparu.
Given the stats of the markets, Friedland said he is happy to join Gold X.
“Paul and I had the pleasure to work together very successfully at Potash One, where I was the Chairman, and which we sold in a friendly transaction for $434-million cash in 2011. Paul’s team is now developing an important gold project in Guyana, a beautiful country of which I am very fond and with which I have had a long experience. Given the state of the financial markets, and the large existing and open-ended geological potential of this project, I am happy to join Paul and his team at Gold X to lend a hand,” said Robert Friedland in a news release. Gold X made news a month ago when it tried to assemble a deal with itself, Gran Colombia and Guyana Goldfields. Zijin Mining eventually came out on top, acquiring Guyana for C$323 million.
Matysek said he is happy to stand aside for Friedland.
“The great Michael Jordan once said, ‘Some people want it to happen, some wish it would happen, others make it happen’. Robert Friedland has crafted a life of success after success and I’m thrilled that he has joined our Board as Chairman to keep making it happen for Gold X and our valued shareholders,” said Matysek.
By Michael McCrae
For Kitco News
In GOD We Trust -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
My opinions are my own and and DD I post should be confirmed as unbiased
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