September 29, 2016 8:57 PM ET

Metals and Mining

Company Overview of Midas Gold Corp.

Company Overview

Midas Gold Corp. engages in the acquisition, exploration, and development of mineral properties in the United States. It primarily explores for gold, antimony, and silver deposits. The company’s principal mineral project is the Stibnite gold project, which include Yellow Pine, Hangar Flats, and West End deposits comprising approximately 11,548 hectares of unpatented and patented claims located in Valley County, Idaho. Midas Gold Corp. was incorporated in 2011 and is headquartered in Vancouver, Canada.

999 West Hastings Street

Suite 1250

Vancouver, BC V6C 2W2


Founded in 2011

31 Employees





Key Executives for Midas Gold Corp.

Chief Executive Officer, President, Director and Member of Environmental, Health & Safety Committee
Age: 57
Total Annual Compensation: C$320.0K
Chief Financial Officer
Age: 41
Total Annual Compensation: C$220.0K
Chief Operating Officer
Total Annual Compensation: C$254.8K
Vice President of Legal and Sustainability
Age: 50
Total Annual Compensation: C$245.0K
Vice-President of Development
Total Annual Compensation: C$253.8K
Compensation as of Fiscal Year 2015.

Midas Gold Corp. Key Developments

Midas Gold Corp. Announces Board Changes

Midas Gold Corp. announced the appointment of Laurel Sayer as President and Chief Executive Officer of Midas Gold Idaho Inc., a wholly-owned subsidiary of Midas Gold Corp. and the operating company for the Stibnite Gold Project in central Idaho. In addition, Midas Gold announced the appointment of Michael Bogert to the board of directors of Midas Gold Corp., replacing Ms. Sayer as she steps down to take on her new role. These appointments reflect Midas Gold's objective of increasing local accountability and local representation in all its activities. Ms. Sayer's extensive experience in the fields of conservation, government, collaborative enterprise and leadership qualities complement the local and technical experience of MGII's directors and staff. The team's immediate focus will be to further advance the Stibnite Gold Project through the regulatory process. In addition to her industry experience, having served on Midas Gold's Board of Directors since 2014, Ms. Sayer has worked extensively within the environmental and arts communities as well as within Idaho state politics and U.S. federal politics. Ms. Sayer currently serves as executive director of the Idaho Coalition of Land Trusts, a position she accepted in 2013, and from which she will be retiring her executive role to focus on MGII. Michael Bogert joins the board of directors of Midas Gold, filling the vacancy created by the resignation of Ms. Sayer as she takes on an executive role at MGII. Currently an attorney in Parsons Behle & Latimer's Boise and Washington DC offices, Mr. Bogert is the former counselor to U.S. Interior Secretary Dirk Kempthorne, the former regional administrator of the U.S. Environmental Protection Agency's ("EPA") Region 10 office in Seattle and the former counsel to the Governor of the State of Idaho.

Midas Gold to Initiate Drill Program on its Stibnite Gold Project

Midas Gold Corp. announced that its Board of Directors has approved a drill program for its Stibnite Gold Project, located in Idaho, USA. The Company's objective for the drill program is to improve, expand and de-risk the mineral resources defined in the December 2014 preliminary feasibility study before commencing a feasibility study (the "FS"). Positive results could enhance the Project economics in the planned FS. The drill program is expected to commence in September and is scheduled to continue into late 2016. In parallel with drilling, Midas Gold plans to collect an approximately 14-ton bulk sample from existing core material in preparation for metallurgical pilot plant testing. All drilling and sample collection will be conducted under the guidance of a team of internal and external qualified persons in order to ensure the integrity of the sample collection process and the ability to use the collected samples in the final feasibility study. The collection of a 14-ton metallurgical bulk sample from existing core material is also scheduled to commence in September. Sample material will include medium and large diameter core (HQ and PQ), much of which was drilled in 2011-2013. Collection of this bulk sample is a precursor to the planned pilot plant program that will commence later this year. Conversion (through additional drilling) of inferred mineral resources located within the PFS mineral reserve pits into indicated mineral resources and mineral reserves, thereby reducing strip ratio and increasing payable gold and Project NPV, if the results are positive.

Midas Gold Corp. Presents at Denver Gold Forum 2016, Sep-19-2016 08:30 AM

Midas Gold Corp. Presents at Denver Gold Forum 2016, Sep-19-2016 08:30 AM. Venue: The Broadmoor, Colorado Springs, Colorado, United States.

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