Canadian GoldCamps Corp. - Newly Appointed Board Member, David Garofalo
Newly Appointed Board Member, David Garofalo
Source: The Globe and Mail
  • Canadian GoldCamps (CAMP) has appointed David Garofalo to its Board of Directors along with Alex Terentiew as its new President and CEO
  • David currently serves as as Chairman and CEO at a number of companies, and was previously President and CEO of Goldcorp
  • Alex most recently acted as Senior Vice President of Corporate Development and Investor Relations at Trevali Mining after a long career in the investment industry
  • The appointments come as part of a corporate strategy change that was announced on July 24, 2020
  • Canadian GoldCamps (CAMP) is currently up 1.54 per cent and is trading at C$0.33 per share

Canadian GoldCamps (CAMP) has appointed David Garofalo to its Board of Directors along with Alex Terentiew as its new President and CEO.

David is a well-known figure in the Canadian mining industry, and currently serves as Chairman of Great Panther Mining, Chairman and CEO of Gold Royalty, and Chairman and CEO of the Marshall Precious Metals Fund.

Prior to these roles, he acted as President and CEO of Goldcorp, a position he held from 2016 until its sale in 2019 to Newmont Corporation. From 2010 to 2016 he held the role of President and CEO of Hubby Minerals, and was Senior Vice President of Finance and Chief Financial Officer at Agnico Eagle Mines from 1998 until 2010.

In 2012 he was recognised as Mining Person of the Year by the Northern Miner, and was named Canada’s CFO of the Year by Financial Executives International Canada in 2009.

David holds a Bachelor of Commerce from the University of Toronto and is a Director of the Greater Vancouver Board of Trade and the Vancouver Symphony Orchestra.

Commenting on his appointment, David said he is confident that Canadian GoldCamps – with the help of Alex as the company’s new President and CEO – will be able to build its asset base for significant future success.

“With gold prices hitting record highs and increasing investor demand for attractive new investment opportunities in the gold industry, I am delighted to join the Board of Canadian GoldCamps and help guide the company forward,” he added.

As the incoming President and CEO, Alex has substantial experience in both capital markets and mining. He previously acted as Senior Vice President of Corporate Development and Investor Relations at Trevali Mining, which followed a 12-year career in the investment industry as a mining and commodity research analyst.

During his time in the investment sector, Alex held positions at a number of large organisations, including Scotiabank, Credit Suisse, Raymond James and BMO Capital Markets.

Alex will be replacing Bob Komarechka, who is stepping down for undisclosed reasons.

Prior to this, he was a licensed Professional Geoscientist in Ontario, having received an MBA from the Rotman School of Management, a Master of Applied Science in Civil Engineering, and a Bachelor of Science from the Department of Geology at the University of Toronto.

“I am thrilled to be joining Canadian GoldCamps and given the opportunity to lead this company on its new path,” Alex said.

“With strong shareholder support, a recently completed $3 million financing and a commitment to maximise shareholder value, I am excited to begin working with David Garofalo to build a Canadian-focused gold company,” he added.

Canadian GoldCamps (CAMP) is currently up 1.54 per cent to C$0.33 per share at 2:59pm EDT.

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