LIMA, Peru, April 24, 2018 (GLOBE NEWSWIRE) -- Southern Peaks Mining LP (“SPM” or the “Company”) is pleased to announce the appointment of Ronald J. Vance as the Chairman of the Board of Directors for the Company.
Mr. Vance has over 40 years of experience in the mining industry as a senior executive in the areas of corporate development, marketing, project development, and finance. His career to date has included working with some of the world’s largest mining companies executing large-scale transactions, building strategic commercial relationships and managing corporate and structured financing arrangements.
Currently, Mr. Vance serves as an Independent Director and Chairman of the Compensation, Nominating and Governance Committee of Royal Gold, Inc. Previously, he was a Senior Vice President, Corporate Development for Teck Resources Limited and prior to that, he served as a Managing Director/Senior Advisor for Rothschild Inc, where he led structured financing and investment banking teams responsible for advising clients on the natural resources sector on mergers and acquisitions, financing and other strategic initiatives. Before his tenure at Rothschild Inc., Mr. Vance served as Vice President Marketing and later as Vice President Project Development at Newmont Mining Corporation. Mr. Vance holds a MBA from Columbia University and a B.A. degree from Hobart College.
Adolfo Vera, CEO of the Company, commented, “We are delighted to have someone of the experience and stature of Ron join our Board as Chairman. We are confident that his extensive mining experience in various senior capacities will provide valuable strategic insight to allow SPM to achieve its growth goals for 2018 and beyond.”
About SPM:
SPM is a Peruvian copper company that operates Condestable, the 2nd largest underground mine in Peru, and is developing Ariana, a permitted, low-cost Peruvian copper project. SPM recently undertook a significant drilling programme to extend the 43-101 proven and probable reserves at Condestable to over 8 years and Ariana to over 11 years. The Company is now focussed on expanding production from 23kt copper-equivalent production per annum at Condestable to 28kt copper-equivalent production per annum by 2021. In addition, SPM is advancing towards construction of Ariana which is forecast to provide additional production of 14kt copper-equivalent per annum by year end 2021.
Contact Information:
Mariano Alarco – Vice President of Business Development
mariano.alarco@spm.pe