Condor Gold plc has appointed John Seaberg as chief financial officer with effect from 1 September 2021.
He replaces Jeffrey Karoly who has been the company’s part-time CFO for four years while also being CFO of Rupert Resources.
Mr Seaberg has more than 25 years’ experience in the mining industry and held a number of executive roles.
From July 2019 to June 2021, he was senior vice president and CFO of Calibre Mining before which he was executive chairman of Paramount Gold Nevada Corp.
Mr Seaberg was previously senior vice president of strategic relations at Klondex Mines Ltd, where he was responsible for global investor relations and corporate development initiatives as an acting member of the senior executive team.
Prior to Klondex, he worked for more than 12 years at Newmont Mining Corporation where his last held position was vice president, investor relations.
Mr Seaberg has a Bachelor of Science Business Administration (BSBA) degree from Colorado State University and a Masters of Business Administration (MBA) from the University of Denver.
As part of his remuneration package, Mr Seaberg will be granted 750,000 options to subscribe for new ordinary shares in Condor Gold at a 10% premium to the 10 day VWAP or 45 pence, whichever is the higher, on the start date of 1 September 2021.
The options will have a five-year life and are subject to certain restrictions.