GoldQuest Mining Corp. announced the appointment of Mr. Luis Santana Pereyra to the position of Chief Executive Officer (CEO) of the Company. Mr. Santana will formally commence his role as CEO on or before September 1, 2022, following a transition period.
Mr. Santana will be based in Santo Domingo and will initially be responsible for working towards achieving the Romero Project Exploitation License in the San Juan Province of the Dominican Republic. Luis is a Citizen of the Dominican Republic and is a Qualified Engineer from the Santo Domingo Technological Institute. Luis has more than 25 years of experience in mining and mineral processing and has worked in senior management and executive positions in the design, construction and operation of gold processing plants and mines globally.
Luis has an impressive history having worked with Glencore – Falcondo and Altonorte Mines in Dominican Republic and Chile, BHP Billiton – Olympic Dam Mine in Australia, Barrick – Pueblo Viejo Mine in Dominican Republic, Barrick & Shandong Gold – Veladero Mine in Argentina and most recently as CEO for Shandong Gold – Cardinal Resources Namdini Project in Ghana. Luis is well recognized as a resourceful team leader with a track record of delivering high quality production assets on time, on budget and with exemplary environmental, safety and governance performance. The Company strongly believes that Luis will add value to its operations through awareness, engagement, and accountability of three key strategic objectives: Collaboration by developing a strong culture, Community by strengthening sustainable license to operate, and Company by maximizing economic productivity (production, profitability, and asset value).
Late last year the Company's current CEO, Mr. Dave Massola, informed the Board of Directors that he would like to resign from his current position during 2022. The Board has been in the process the last six months of finding a replacement. Mr. Massola has informed the board that his last day will be August 31, 2022.
Mr. Santana has been granted 2,000,000 stock options at an exercise price of CAD 0.18. The options have a term of 5 years and vest in three equal installments with 1/3 vesting upon the granting the options, a further 1/3 vesting on the 6-month anniversary and the final 1/3 vesting on the 12-month anniversary.