DENVER, Oct. 20, 2020 /PRNewswire/ — Hycroft Mining Holding Company (Nasdaq: HYMC) (“Hycroft” or the “Firm”), is happy to announce the appointment of Stanton Rideout because the Firm’s Govt Vice President & Chief Monetary Officer, efficient October 20, 2020.
Mr. Rideout is a seasoned monetary govt and has greater than 30 years of senior govt expertise within the mining and manufacturing industries, together with Romarco Minerals Inc. (“Romarco”) and Phelps Dodge Company (“Phelps Dodge“). Mr. Rideout served as Senior Vice President, Chief Monetary Officer of Romarco from 2010 to 2015 the place he organized the venture debt financing for the Haile Gold Mine in South Carolina. Since Romarco was acquired by OceanaGold Company, he has been offering debt and fairness consulting providers for a lot of mining corporations along with being Chairman and consulting CEO of Carolina Gold Assets Inc. (“CGR”), a Canadian treasured and base metals project-generator firm. From January 2008 till Could 2008, Mr. Rideout was Govt Vice President and Chief Monetary Officer for Swift Transportation Company (“Swift”), a big North American truckload provider. Previous to Swift, Mr. Rideout held varied senior finance and accounting positions over 25 years with Phelps Dodge, a publicly traded mining and manufacturing firm. These roles included Vice President and Treasurer, Vice President and Controller, and Investor Relations Officer and Chief Monetary Officer of Phelps Dodge Worldwide Company. Mr. Rideout earned his Grasp’s in Enterprise Administration from the College of Evansville and his Bachelor of Science, Enterprise/Finance, from Western Kentucky College. Mr. Rideout is a Licensed Public Accountant.
Dr. Diane Garrett, the Firm’s President and Chief Govt Officer, and a member of the board of administrators, stated “on behalf of Hycroft, I wish to welcome Stan to the Firm. He and I labored collectively at Romarco growing, allowing, financing and initiating building on the Haile Gold Mine in South Carolina. I imagine Stan’s deep information of, and expertise and connections in, the mining trade, coupled together with his sturdy finance and accounting acumen, place our Firm effectively because it heads towards its future.”
Efficient upon Mr. Rideout’s appointment as Govt Vice President & CFO, on October 20, 2020, Mr. Jeffrey Stieber will step down from his place as Vice President and Interim Chief Monetary Officer and can turn out to be Senior Vice President of Finance and Treasurer, reporting to Mr. Rideout. Mr. Stieber will stay an govt officer of the Firm.
“I wish to sincerely thank Jeff for all his excellent work as our Interim CFO. He is a crucial member of Hycroft and I look ahead to persevering with to work with him as we drive our firm ahead,” stated Dr. Garrett.
About Hycroft Mining Holding Company
Hycroft Mining is a US-based, gold and silver producer working the Hycroft mine situated within the world-class mining area of Northern Nevada. The Hycroft mine options one of many largest gold/silver deposits on this planet with a low-capital, low-cost course of and a 34-year mine life.
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These dangers could embody the next and the incidence of a number of of the occasions or circumstances alone or together with different occasions or circumstances, could have a cloth adversarial impact on the Firm’s enterprise, money flows, monetary situation and outcomes of operations. Ahead-looking statements embody, however will not be restricted to: trade associated dangers together with: fluctuations within the value of gold and silver; uncertainties regarding estimates of reserves and mineralized materials; uncertainties regarding the continuing COVID-19 pandemic; the extreme competitors throughout the mining trade and state of Nevada; the inherently hazardous nature of mining actions, together with environmental dangers; our insurance coverage might not be sufficient to cowl all dangers related to our enterprise, or cowl the alternative prices of our property; potential results on our operations of U.S. federal and state governmental laws, together with environmental regulation and allowing necessities; value of compliance with present and future authorities laws; uncertainties regarding acquiring or retaining approvals and permits from governmental regulatory authorities; potential challenges to title in our mineral properties; dangers related to proposed laws in Nevada that might considerably improve the prices or taxation of our operations; and adjustments to the local weather and laws and pending laws concerning local weather change; business-related dangers together with: dangers associated to our liquidity and going concern concerns; dangers associated to the heap leaching course of on the Hycroft Mine and estimates of manufacturing; our means to attain our estimated manufacturing and gross sales charges and keep inside our estimated working and manufacturing prices and capital expenditure projections; dangers associated to our restricted expertise with a largely untested technique of oxidizing and heap leaching sulfide ores; the decline of our gold and silver manufacturing; dangers associated to our reliance on one mine with a brand new course of; uncertainties and dangers associated to our reliance on contractors and consultants; uncertainties associated to our means to interchange and increase our ore reserves; the prices associated to our land reclamation necessities; availability and value of kit, provides, vitality, or commodities; the business success of, and dangers regarding, our improvement actions; dangers associated to slope stability; our means to boost capital on favorable phrases or in any respect; dangers associated to our substantial indebtedness, together with cross acceleration and our means to generate adequate money to service our indebtedness; uncertainties ensuing from the potential incurrence of working and internet losses sooner or later; dangers associated to disruption of our enterprise as a result of historic chapter 11 proceedings; the lack of key personnel or our failure to draw and retain personnel; dangers associated to expertise programs and safety breaches; dangers associated to present and future authorized proceedings; our present intention or future selections whether or not or to not use streaming or forward-sale preparations; dangers related to potential future joint ventures; and dangers that our principal stockholders will have the ability to exert vital affect over issues submitted to stockholders for approval; dangers associated to our securities, together with: volatility within the value of our frequent inventory; dangers associated to an absence of liquidity within the buying and selling of our frequent inventory and warrants; potential declines within the worth of our frequent inventory and warrants because of substantial future gross sales of our frequent inventory and/or warrants; dilution of an funding in our frequent inventory and warrants; we don’t intend to pay money dividends; and anti–takeover provisions may make a 3rd get together acquisition of us troublesome. These statements contain identified and unknown dangers, uncertainties, assumptions and different elements which can trigger our precise outcomes, efficiency or achievements to be materially completely different from any outcomes, efficiency or achievements expressed or implied by such forward-looking statements. Ahead-looking statements are primarily based on present expectations. Though our administration believes that its expectations are primarily based on cheap assumptions, we may give no assurance that these expectations will show appropriate. Please see our “Threat Components” set forth in our Annual Report on Type 10-Okay for the yr ended December 31, 2020 and “Threat Components” set forth in our Quarterly Report on Type 10-Q for the quarterly interval ended June 30, 2020, for extra details about these and different dangers. You might be cautioned in opposition to attributing undue certainty to forward-looking statements. Though we have now tried to determine necessary elements that might trigger precise outcomes to vary materially from these described in forward-looking statements, there could also be different elements that trigger outcomes to not be as anticipated, estimated or meant. Though these forward-looking statements have been primarily based on assumptions that the Firm believes are cheap when made, you might be cautioned that forward-looking statements will not be ensures of future efficiency and that precise outcomes, efficiency or achievements could differ materially from these made in or urged by the forward-looking statements contained on this information launch. As well as, even when our outcomes, efficiency, or achievements are in step with the forward-looking statements contained on this information launch, these outcomes, efficiency or achievements might not be indicative of outcomes, efficiency or achievements in subsequent durations. Given these dangers and uncertainties, you might be cautioned to not place undue reliance on these forward-looking statements. Any forward-looking statements made on this information launch converse solely as of the date of these statements, and we undertake no obligation to replace these statements or to publicly announce the outcomes of any revisions to any of these statements to mirror future occasions or developments.
SOURCE Hycroft Mining Holding Company