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ESGold Appoints Mining Executive Peter Espig to Board of Directors
Globenewswireยท2025-05-01 12:30

Core Insights - ESGold Corp. has appointed Peter Espig, a veteran mining executive and former global investment banker, to its Board of Directors as it moves towards gold production in 2025 [1][2][6] Company Overview - ESGold is advancing its fully permitted Montauban Gold-Silver Project in Quebec, transitioning from an exploration-stage junior to a producer [2][8] - The company is focused on clean mining and exploration innovation, with a commitment to responsible mining practices [8][9] Leadership Profile - Peter Espig has extensive experience in global capital markets and operational mining, having participated in over $10 billion in structured deals at Goldman Sachs [3] - He has successfully led Nicola Mining Inc. out of creditor protection, achieving a ten-fold increase in market capitalization [4][5] Strategic Direction - ESGold is targeting first gold and silver production by late 2025, with ongoing mill circuit construction at Montauban [8] - The company is updating its Preliminary Economic Assessment (PEA) to reflect stronger gold and silver prices [8] - A 3D geological modeling project is underway to enhance exploration strategies [8] Leadership Commentary - The CEO of ESGold expressed enthusiasm for Espig's appointment, highlighting his combination of finance and operational mining experience as crucial for the company's growth [6] - Espig emphasized the transformational phase ESGold is entering, with a focus on scalable and sustainable production [7]