Stocks & Investing
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Stocks and Investing
Fri, November 25, 2011 The Virginia Team Again Rewarded by the Mining Industry
November 25, 2011 13:50 ET
The Virginia Team Again Rewarded by the Mining Industry
QUEBEC CITY, QUEBEC--(Marketwire - Nov. 25, 2011) - Virginia Mines Inc. (TSX:VGQ) - The Virginia team is pleased to announce that its president, André Gaumond, has received the "Hector-Authier 2011" award at the recent Québec Exploration Convention organized by the Association de l'exploration minière du Québec (AEMQ).
This annual award recognizes the recipient's significant contribution to the development of mining entrepreneurship in Quebec. The AEMQ has chosen to honour the dynamism of Mr. Gaumond on his business successes and for his participation in the socio-economic development on the James Bay exploration territories and in the Quebec North.
André Gaumond has an engineering background. He learned the workings of corporate finance and mining company management during his years as a financial analyst within various brokerage firms and management companies. Stemming from this experience, he was able to grow Virginia Mines into one of the most active mining exploration companies in Quebec.
Under Mr. Gaumond's leadership, the Virginia team was awarded more than 12 prizes over the past 10 years, among them the Prospector of the Year award, one of Canada's most prestigious prize given by the industry, for the 2004 discovery of the Éléonore deposit, a world-class gold mine that will be in production in about three years and operated by Goldcorp.
Virginia earned its excellent reputation in sustainable development due to its leadership in dealing with Aboriginal communities and its environmental commitment, including its participation in the creation of Fonds Restor-Action Nunavik, an initiative originating from several mining companies, which aims at the rehabilitation of abandoned mining sites in the Quebec North.
Mr. Gaumond says: "I am extremely proud to receive this award and I would like to point out that all Virginia's successes were achieved thanks to the dynamism, the professionalism and the dedication of its wonderful team".
This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described from time to time in Virginia's periodic reports filed with the security commissions of British Columbia, Alberta, Ontario and Quebec, and in the annual report on Form 40-F filed with the U.S. Securities and Exchange Commission. Virginia undertakes no obligation to publicly release the result of any revision of these forward-looking statements to reflect events or circumstances after the date they are made or to reflect the occurrence of unanticipated events.
