Perpetua Resources appoints Cherry as president, CEO

Jon Cherry

Idaho-based gold miner Perpetua Resources has tapped Jon Cherry as its new president and CEO and member of its board, replacing Laurel Sayer.

Sayer stepped down March 14 and will retire April 1, 2025. She served seven years leading the company through the permitting process for its flagship asset, the Stibnite gold project.

To facilitate a seamless transition, Sayer will remain as senior advisor for Perpetua until her April 2025 retirement.

Cherry’s placement in the seat of president and CEO was effective March 14.

The board has also appointed Jessica Largent the CFO of Perpetua as a member of its board.

“I joined Perpetua with the goal of securing a record of decision for the Stibnite gold project. Now, with our final Record of Decision expected in 2024, it’s time to pass the baton to the leader who will take Perpetua into our next phase of development,” said Sayer.

“Leading the Perpetua Resources team has been the greatest accomplishment of my career, and over the next year, I remain committed to securing our record of decision and working hand-in-hand with Jon to sustain Perpetua’s vision, culture, and commitments well into the future.” 

Cherry has more than 33 years of extensive mining industry experience including permitting, capital raising, project development, joint venture formation and operations. He most recently served as chairman, president and CEO of PolyMet Mining.

“One of the primary reasons I was drawn to Perpetua Resources is that the team has clearly focused on doing business the right way,” said Cherry. “I look forward to advancing Perpetua’s vision to restore an abandoned legacy mine site, responsibly develop one of the highest grade open-pit gold mines in the United States and support national security and the energy transition by becoming the only domestically mined source of the critical mineral antimony. I’m excited to continue the work of building trust with our communities as we turn the Stibnite gold project into reality.”


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