extremely good developements... LUNDIN will take this out! Ron Hochstein, incoming Director commented, "I am pleased to be joining Montage which will become a Lundin Group company in order to leverage the significant competencies and experience within the wider group. I look forward to supporting management as we embark to create a leading multi-asset African gold producer."
ADDITIONS TO THE LEADERSHIP TEAM
About Martino De Ciccio: Incoming Chief Executive Officer
Martino De Ciccio has over 15 years of experience in mining industry with a strong value creation track record and significant knowledge across strategy, capital markets, corporate finance, and ESG, coupled with a profound understanding of the African mining landscape.
Martino most recently served as Deputy CFO and Head of Investor Relations at Endeavour Mining (LSE: EDV, TSX: EDV), a position he assumed in January 2023. He joined Endeavour Mining in 2015 as Vice President, Strategy and Investor relations and played a pivotal role in Endeavour's transformation from a $250 million market cap company to a FTSE100 listed company and one of the largest gold producers in the world. During this time, he garnered more than 25 investor relations achievement nominations, including numerous awards for best-in-class investor relations in the gold industry and across all sectors.
Prior to joining Endeavour, Martino played a key role in growing La Mancha Resources from a $20 million market cap which culminated into a $500 million take-private offer. As Strategy and Business Development Manager, he then helped lead the private company's transformation from an emerging gold producer into one of the largest gold investment funds with cornerstone holdings in Evolution Mining and Endeavour, which was recognized with an Emerging Leader Award. Martino currently serves on the Board of Directors of Northisle Copper and Gold (NCX: TSXV) and Bluestone Resources (BSR: TSXV).
Martino earned a B.Com in Finance from McGill University in Montreal, Canada and is a CFA charterholder.
About Peder Olsen: Incoming Chief Development Officer
Peder Olsen has over 15 years of experience in project development, operational, technical services and executive roles within the mining sector. He has a demonstrated track record in advancing large-scale projects from the initial study stage to the successful completion of construction, particularly in West Africa.
Peder has played a key leadership role in building the following projects on time and on budget: Endeavour's Hound mine in Burkina Faso during 2016-2017, Endeavour's Ity mine in Cte d'Ivoire during 2017-2019, Adamus' Agbaou mine in Cte d'Ivoire during 2012-2013 and Adamus' Nzema mine in Ghana during 2009-2010. In addition, as Director of Projects for Papillion Resources, he played a pivotal role which culminated in the $620 million sale of the Fekola mine to B2Gold in 2014.
Since 2021, Peder has served as the Founder and Managing Director at Orange Mining, a global mining consultancy firm with a strong African presence, which specializes in offering owners project management, study and construction services, and commercial support including tendering services, project and equipment finance.
Between 2018 and 2019, Peder held the position of Director for Africa and Europe at Ibaera Capital, a Perth, Australia-based private equity fund. Prior to this, from 2015 to 2019, he held various roles with Endeavour Mining, including Senior Vice President – Projects, Mining & Technical Services. From 2008 to 2014, Peder held various Project Director and Engineering roles at Papillon Resources, Ampella Mining, Adamus Resources, and NS Projects.
Peder holds a Bachelor of Applied Science in Construction Management & Economics from Curtin University in Perth, Australia.
About Ron Hochstein: Incoming Director
Ron Hochstein is currently the President and Chief Executive Officer of Lundin Gold, which owns and operates the high-grade, multi-million-ounce, Fruta del Norte ("FDN") gold mine in southeast Ecuador. Under Mr. Hochstein's leadership, Lundin Gold acquired FDN in late 2014, completed a feasibility study, signed several agreements with the Ecuadorian Government, financed, and then constructed the mine and infrastructure on time and on budget – achieving first gold production in November 2019. Prior to his position at Lundin Gold, he served as Executive Chairman, and President and Chief Executive Officer of Denison Mines Corp. from 2009 to 2015. Mr. Hochstein is a Professional Engineer and holds an MBA from the University of British Columbia and a B.Sc. from the University of Alberta. Mr. Hochstein will continue to serve as a director and the President and Chief Executive Officer of Lundin Gold and will not be standing for re-election at the annual general meeting of Denison, to better serve the Montage board.