{"id":1191510,"date":"2020-06-22T12:19:01","date_gmt":"2020-06-22T17:19:01","guid":{"rendered":"https:\/\/www.mining.com\/?p=1027629"},"modified":"2020-06-22T12:19:01","modified_gmt":"2020-06-22T17:19:01","slug":"gold-x-names-friedland-chairman-stock-jumps","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1191510","title":{"rendered":"Gold X names Friedland chairman, stock jumps"},"content":{"rendered":"

Gold X Mining (TSXV: GLDX) announced Monday<\/a> that Ivanhoe Mines founder Robert Friedland has joined the company’s board as non-executive chairman. <\/p>\n

Current chairman and chief executive officer Paul Matysek will remain on the board and continue to serve as CEO.<\/p>\n

\u201cPaul and I had the pleasure to work together very successfully at Potash One, where I was the chairman, and which we sold in a friendly transaction for $434 million cash in 2011. Paul\u2019s team is now developing an important gold project in Guyana, a beautiful country of which I am very fond and with which I have had a long experience,\u201d Friedland said in a press release.<\/p>\n

Additionally, Gold X has entered into an agreement with Ivanhoe Capital, a venture capital firm founded by Friedland, under which the latter will be paid a finder’s fee should Gold X successfully complete a financing or business combination transaction with a company introduced to it by Friedland.<\/p>\n

Gold X is currently developing the Toroparu gold project located in the Upper Puruni River Region of western Guyana. So far, the company has spent more than $150 million on the project to both classify 7.35 million ounces of measured and indicated resources and 3.15 million ounces of inferred resources.<\/p>\n

Gold X’s stock soared nearly 17% to a three-year high of C$3.48 following the new appointment. The Vancouver-based gold junior has a market capitalization of C$125.2 million.<\/p>\n","protected":false},"excerpt":{"rendered":"

Gold X stock soared nearly 17% to a three-year high Monday.<\/p>\n","protected":false},"author":88,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[949,369,4],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1191510"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/88"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1191510"}],"version-history":[{"count":2,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1191510\/revisions"}],"predecessor-version":[{"id":1191517,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1191510\/revisions\/1191517"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1191510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1191510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1191510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}