Nevada Copper Corp. (TSX:NCU) (“Nevada Copper” or the “Company”) announced today that Giulio T. Bonifacio is retiring from his role as President & Chief Executive Officer effective February 15, 2018. Mr. Bonifacio will continue to serve on the Company’s board of directors as a non-executive director.
Mr. Bonifacio founded Nevada Copper in 2005 and, over a 12-year period, led the Company’s efforts which included resource expansion, feasibility studies and the successful permitting of both the underground and open pit deposits at the Company’s Pumpkin Hollow project in Nevada. Additionally, Mr. Bonifacio led efforts toward the completion of production-sized headframe, hoist and 1,900-foot-deep, 24-foot diameter concreted lined production sized shaft, all of which will lead to a shortened construction period at Pumpkin Hollow, with production currently targeted for 2019.
Mr. Bonifacio was also integral to the Company attaining a significant refinancing package in December 2017, which now positions the Company’s Pumpkin Hollow project to progress into the construction phase. With this refinancing completed, Mr. Bonifacio believes it is the right time for him to retire and for the Company to transition to new leadership for the next phase of Nevada Copper’s continued growth and development.
Evgenij Iorich, Nevada Copper’s Chairman, stated:
“On behalf of the board of directors and all Nevada Copper’s stakeholders, I thank Giulio for his significant contributions and dedication over the last 12 years. During this period, Giulio played an instrumental role in Nevada Copper’s development, successfully leading the Company through feasibility, permitting and into construction of the Company’s Pumpkin Hollow project. We look forward to his continued insights and guidance on the Board.”
Giulio T. Bonifacio, Nevada Copper’s Founder & Director, stated:
“I have truly enjoyed the past 12 years while working with what has been a very talented and dedicated Continue Reading