Newmarket Gold Announces Appointment of Chief Operating Officer
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov 18, 2015) - Newmarket Gold Inc. ("Newmarket" or the "Company") (TSX:NMI)(OTCQX:NMKTF) is very pleased to announce the appointment of Darren Hall as Chief Operating Officer ("COO") of Newmarket effective December 7, 2015. As COO, Darren will be based in Australia and have responsibility for all of the Company's operating mines and growth projects as an integral member of the Newmarket executive team.
Darren joins Newmarket from Newmont Mining Corp. where he held roles of increasing responsibility throughout the organization for the past 29 years. Under his leadership as Group Executive Operations for Newmont Asia Pacific he managed a team of 14,000 employees producing 1.8 million ounces of gold annually from six operating mines across three countries. He also worked with Newmont in Peru, Indonesia and the United States and most recently in Australia as General Manager of the Boddington Gold Mine where he led a team of 1,800 employees producing 750,000 ounces of gold annually. He graduated with a Bachelor of Mining Engineering from the Western Australia School of Mines in Kalgoorlie.
Douglas Forster, President and CEO of Newmarket, stated: "We are extremely pleased to have a mining executive of Darren Hall's caliber and experience join the Newmarket team as Chief Operating Officer. Darren has proven to be a successful and trusted leader through his operational accomplishments. He brings to this position a strong reputation for managing large workforces and multiple underground and open pit gold mines in a variety of jurisdictions. He has a proven track record of increasing production, reducing operating costs, improving capital effectiveness and promoting health, safety and business excellence while maintaining a strong team working environment. On behalf of the Board of Directors and senior management of Newmarket I would like to welcome Darren to our team. His wealth of experience will be a valuable asset as we maintain our strong foundation of quality gold production and execute our clearly defined asset consolidation strategy."
ON BEHALF OF THE BOARD
Douglas Forster, M.Sc., P.Geo.
President & Chief Executive Officer
About Newmarket Gold Inc.
Newmarket Gold is a Canadian-listed gold mining and exploration company with three 100% owned operating mines across Australia. The Company is focused on creating substantial shareholder value by maintaining a strong foundation of quality gold production, over 200,000 ounces annually, generating strong operational cash flow and maintaining a large resource base as it executes a clearly defined gold asset consolidation strategy. The Company is focused on sustainable operating performance, a disciplined approach to growth, and building gold reserves and resources while maintaining the high standards that the Newmarket Gold core values represent.
Cautionary Note Regarding Forward Looking Information
Certain information set forth in this news release contains "forward-looking statements", and "forward-looking information under applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements, which include the Company's expectations about its business and operations, and are based on the Company's current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. Some of the forward-looking statements may be identified by words such as "will", "expects", "anticipates", "believes", "projects", "plans", and similar expressions. These statements are not guarantees of future performance or outcomes and undue reliance should not be placed on them. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company does not undertake to update any forward-looking statements or forward-looking information that are included in this press release or incorporated by reference herein, except in accordance with applicable securities laws.
Contact
Newmarket Gold Inc.
Laura Lepore
Director, Investor Relations
416.847.1847
llepore@newmarketgoldinc.com
www.newmarketgoldinc.com
