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2018: the year of changes for First Mining

First Mining Finance (CN:FF) has appointed Jeff Swinoga as its new CEO effective January 5, with the previous CEO Dr Chris Osterman becoming COO.
2018: the year of changes for First Mining 2018: the year of changes for First Mining 2018: the year of changes for First Mining 2018: the year of changes for First Mining 2018: the year of changes for First Mining

First Mining is developing the Springpole project in Ontario

Staff reporter

Swinoga has over 25 years' experience as a mining executive and was most recently CFO of Torex Gold Resources (CN:TXG) where he led the financing of the El-Limon-Guajes gold mine and moved the company from exploration and development to production.

He also worked as CFO of North American Palladium (CN:PDL) for four years and prior to this was CFO of HudBay Minerals (CN:HBM) for three years. Swinoga was also a senior official at Barrick Gold (US:ABX) for seven years.

Osterman has changed positions to focus on project development.

The company has also decided to change its name to First Mining Gold to better reflect its focus on advancing the 25 properties it accumulated through eight transactions over the past two years.

Its shares started trading under the new name on the Toronto Stock Exchange on January 11 under the same ticker.

In 2018, First Mining aims to advance the permitting and development of its 100%-owned Springpole gold project in north-western Ontario, Canada, after receiving positive results of its independent preliminary economic assessment in September 2017.

It has also budgeted C$5 million (US$4 million) for its Canadian mineral properties, including 7,000m of infill and exploration drilling at the 100%-owned Goldlund gold project, also in north-western Ontario.

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