New Found Gold Corp. Welcomes Paul Huet as Independent Chairman and New Board Members
New Leadership at New Found Gold Corp.
New Found Gold Corp. recently announced a series of leadership changes aimed at strengthening its board and guiding the company amidst a critical period of exploration. The company appointed Paul Huet, a veteran in the mining industry, as Independent Chairman. Alongside him, two new directors—William Hayden and Melissa Render—joined the board as part of this strategic shift.
Importance of the New Appointments
The Annual General Meeting of shareholders, held in Vancouver on December 17, 2024, marked this significant transition. With extensive experience and a proven track record in the mining sector, Huet’s leadership is expected to bring invaluable insights to New Found as it continues to advance the Queensway Project. Previously, Huet served as the CEO of Americas Gold and Silver, and held leadership positions at Karora Resources and Klondex Mines, guiding both companies through successful acquisitions amounting to over $2 billion.
Collin Kettell, New Found's CEO, expressed excitement regarding Huet’s arrival, citing his expertise in creating shareholder value and his extensive industry knowledge as critical assets. Kettell also extended gratitude to outgoing directors Ray Threlkeld, Doug Hurst, and Denis Laviolette, acknowledging their integral contributions to the company’s foundations.
About the New Directors
- - Paul Huet (Independent Chairman): Huet's accolades include leading successful transformations of exploration companies into robust production entities. He graduated from the Mining Engineering Technology program at Haileybury School of Mines and has completed Stanford’s Executive Program.
- - William Hayden: With over 38 years in mineral exploration, Hayden has been a director at Ivanhoe Mines since 2007. His experience spans various regions, particularly Africa and the Asia-Pacific, where he has held significant management roles.
- - Melissa Render: Appointed as the VP of Exploration for New Found in 2021, Render brings over a decade of experience in orogenic gold exploration and has managed projects internationally for prominent companies like Kinross Gold and AngloGold Ashanti.
Strategic Vision for the Future
Huet expressed enthusiasm for his new role, highlighting New Found Gold’s exceptional potential, particularly with the ongoing developments in the Queensway Project, which has garnered significant attention in the mining industry. He aims to leverage his experience to steer the project toward new achievements and increased production.
Eric Sprott, a significant shareholder, underscored Huet’s operational prowess and strategic vision as beneficial for the company's goals. This change in leadership is expected to enhance New Found's capabilities as it embarks on an expansive 650,000-meter drilling program at Queensway, backed by a solid financial foundation of approximately $28 million in cash and securities.
Conclusion
The recent structural changes at New Found Gold Corp. signal a proactive approach to leadership that is centered around expertise and strategic foresight. As the company makes strides in its exploration initiatives, the leadership of Paul Huet and the new board members will be pivotal in the journey ahead, affirming the company’s commitment to maximizing the value of the Queensway Project.
For more information and updates on New Found Gold Corp., visit their official website at www.newfoundgold.ca.
Topics General Business）
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