Midway Gold Appoints William Zisch as Chief Executive Officer
October 15 2014 - 8:30AM
Business Wire
Midway Gold is pleased to announce William M. Zisch has been
appointed as the Company’s new President and Chief Executive
Officer. Mr. Zisch will succeed Kenneth Brunk, who previously
announced his retirement. Mr. Zisch’s appointment will be effective
on or before December 10, 2014. In the interim, Mr. Brunk will work
with the Midway team and with Mr. Zisch to ensure a smooth
transition.
Timothy Haddon, Chairman said, “Today, we have made an excellent
selection in Mr. Zisch to lead Midway as we transition to an
operating gold mining company. Bill is a proven leader with strong
mining operations experience and, very importantly, a business
vision with an enthusiasm to bring people together to build a great
company. His vision for Midway from early production stage through
the next stages of expansion and growth is essential in this time
of transformation. We very much look forward to this next
chapter.
At this same time, we thank Ken for his many contributions over
the last few years. Midway’s advancement from exploration to the
brink of gold production under his leadership, especially in such a
short timeframe, speaks to his abilities as a focused developer,
and it speaks to his passion for this industry. We wish him all the
best in retirement.”
Mr. Zisch brings with him more than 30 years of mining industry
and professional experience. He joins us from Royal Gold, Inc.
where he has been Vice President of Operations since March 2009.
Prior to joining Royal Gold, he spent 12 years with Newmont Mining
Company in various international assignments serving as the
Operations Manager at the Yanacocha mine in Peru and later as the
Vice President of African Operations while based in Ghana. Mr.
Zisch served as Vice President of Planning during his last 2 years
at Newmont where he was responsible for company-wide strategic,
operational and capital planning. Prior to his tenure at Newmont,
Mr. Zisch spent 16 years with FMC Company, where he held several
positions in coal and gold operations and strategic sourcing roles
in the company’s Chemical Group.
Mr. Zisch holds an MBA degree from the Wharton School at the
University of Pennsylvania and a BS degree in Mining Engineering
from the Colorado School of Mines in Golden, Colorado.
ON BEHALF OF THE BOARD"Timothy J.
Haddon"Timothy J. Haddon, Chairman
About Midway Gold Corp.
Midway Gold Corp. is a precious metals company with a vision to
explore, design, build and operate gold mines in a manner
accountable to all stakeholders while assuring return on
shareholder investments. For more information about Midway, please
visit our website at www.midwaygold.com or contact Jaime Wells,
Investor Relations Analyst, at 720-979-0900.
Neither the TSX Exchange, its Regulation Services Provider (as
that term is defined in the policies of the TSX Exchange) nor the
NYSE MKT accepts responsibility for the adequacy or accuracy of
this release.
This press release contains forward-looking statements about the
Company and its business. Forward looking statements are statements
that are not historical facts and include, but are not limited to,
statements about the Company's intended work plans and resource
estimates and potential offering of common shares of the Company
from time to time. Forward-looking statements are typically
identified by words such as: “may”, “should”, “plan”, “believe”,
“predict”, “expect”, “anticipate”, “intend”, “estimate”, postulate”
and similar expressions or the negative of such expressions or
which by their nature refer to future events. The forward-looking
statements in this press release are subject to various risks,
uncertainties and other factors that could cause the Company's
actual results or achievements to differ materially from those
expressed in or implied by forward looking statements. Other risks,
uncertainties and factors include, without limitation, risks
related to the timing and completion of the Company's intended work
plans, risks related to fluctuations in gold prices; uncertainties
related to raising sufficient financing to fund the planned work in
a timely manner and on acceptable terms; changes in planned work
resulting from weather, logistical, technical or other factors; the
possibility that results of work will not fulfill expectations and
realize the perceived potential of the Company's properties;
uncertainties involved in the interpretation of drilling results
and other tests and the estimation of gold resources and reserves;
the possibility that required permits may not be obtained on a
timely manner or at all; the possibility that capital and operating
costs may be higher than currently estimated and may preclude
commercial development or render operations uneconomic; the
possibility that the estimated recovery rates may not be achieved;
risk of accidents, equipment breakdowns and labor disputes or other
unanticipated difficulties or interruptions; the possibility of
cost overruns or unanticipated expenses in the work program;
changes in interest and currency exchanges rates; local and
community impacts and issues; environmental costs and risks; and
other factors identified in the Company's SEC filings and its
filings with Canadian securities regulatory authorities.
Forward-looking statements are based on the beliefs, opinions and
expectations of the Company's management at the time they are made,
and other than as required by applicable securities laws, the
Company does not assume any obligation to update its
forward-looking statements if those beliefs, opinions or
expectations, or other circumstances, should change. Although the
Company believes that such forward-looking statements are
reasonable, it can give no assurance that such expectations will
prove to be correct. For the reasons set forth above, investors
should not attribute undue certainty to or place undue reliance on
forward-looking statements.
Midway Gold Corp.Jaime Wells, 720-979-0900Investor Relations
Analyst