South Pacific Metals Corp. (SPMC) has announced the appointment of Timo Jauristo as its new Chief Executive Officer, effective June 30, 2025. Jauristo brings over four decades of extensive leadership experience in the mining sector, including significant roles at Goldcorp Inc. and Placer Dome, positioning him to lead SPMC during a pivotal phase of its exploration programs.
South Pacific Metals Corp. (TSXV: SPMC) (OTCQB: SPMEF) (FSE: 6J00) has officially named Timo Jauristo as its Chief Executive Officer. This strategic appointment, effective June 30, 2025, comes as the company prepares to launch its maiden drill program at the Osena project.
Jauristo's distinguished career spans more than 40 years, marked by significant contributions to global exploration, corporate development, and corporate strategy within the mining industry. His previous roles include Executive Vice President of Corporate Development at Goldcorp Inc., where he was instrumental in international expansion through strategic acquisitions. He also held senior executive positions at Placer Dome, assessing world-class gold and copper projects across the Americas and Asia-Pacific.
Upon his appointment, Mr. Jauristo expressed enthusiasm for leading SPMC during this critical period. He highlighted the company's robust portfolio of gold and copper assets, particularly those in the Kainantu area of Papua New Guinea, which are adjacent to highly productive mines.
Michael Murphy, Executive Chair of SPMC, underscored the importance of Jauristo's appointment, citing his deep operational and capital markets experience, strategic insight, and global industry relationships as crucial for advancing the Osena and Anga Gold-Copper Projects and mobilizing for drilling at the Ontenu Target.
In conjunction with the leadership changes, South Pacific Metals also announced the granting of stock options and restricted share units (RSUs) to certain directors and officers, effective June 30, 2025. This is part of the Company's Omnibus Compensation Plan, recognizing their contributions to the company's development.
South Pacific Metals Corp. is an emerging gold-copper exploration company with a significant 3,100 km² land package in Papua New Guinea's gold and copper production corridors. Its four key projects—Anga, Osena, Kili Teke, and May River—are strategically located near major producers like K92 Mining, PanAust, and Barrick/Zijin. The company is focused on rigorous technical programs and on-the-ground exploration to drive discovery across its portfolio.
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