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Filo Mining appoints Adam Lundin as President and CEO
Filo Mining Corporation announces that after a highly successful tenure of leading the Company's exploration and its corporate spin-off from NGEx Resources Inc., Mr. Wojtek Wodzicki will be stepping down as Filo's President and CEO to focus on his activities as President and CEO of NGEx and will be succeeded by Mr. Adam I. Lundin, effective September 11, 2017. Mr. Lundin has also been appointed to Filo's Board of Directors. Mr. Wodzicki will continue to serve as a Director of Filo and lead advisor to the technical team.
Adam Lundin's, industry expertise, and market understanding will build on the success the Company has achieved. Adam is focused on the future and helping the Company achieve its long-term strategic goals. He brings a recognized legacy and years of international finance and capital markets experience to Filo, complementing the Company's strong technical team. He is well placed to lead Filo Mining through the next phase of its growth into a significant copper, gold, and silver company.
"This is the perfect time for Adam to become Filo Mining's next Chief Executive Officer," commented Lukas H. Lundin, Chairman. "He knows the business well, having started his career at a number of mining companies around the globe before moving into finance where he specialized in institutional equity sales, ultimately becoming co-lead of Pareto Securities highly-successful London office. We plan to aggressively advance the Filo del Sol Project and I look forward to witnessing Filo's continued growth under his guidance."
Lukas H. Lundin, further commented, "I want to express my gratitude and thank Wojtek for his role in creating and leading Filo during the first phase of its growth and look forward to his continued contribution as a board member and advisor to management. As President and CEO of both Filo Mining and NGEx Resources, Wojtek and his technical team earned one of the best discovery records in the business, adding more than 27 billion pounds of copper, 21 million ounces of gold and 227 million ounces of silver to the companies' resource base. This is an amazing achievement and a testament to Wojtek's vision and leadership. I expect Wojtek and his NGEx team to build on that success at NGEx as that company embarks on a new phase of high impact exploration. Both Filo and NGEx are well positioned for continued growth as metal markets recover and we build on the outstanding track record that the Lundin group of companies has in South American exploration and development."
Filo Mining Corp. is a Canadian mining company focused on advancing the Company's key project, Filo del Sol. Filo del Sol hosts a current resource of 3.9 million ounces of gold, 110 million ounces of silver; and 2.8 billion pound of copper in the Indicated category as well as addition resources in the Inferred category. The resource is open in several directions and at depth. The project is located within adjacent concessions along the border of Region III, Chile and San Juan Province, Argentina.