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robas/E+ through Getty Pictures
SolGold (OTCPK:SLGGF) mentioned Thursday that CEO and managing director Darryl Cuzzubbo has left the corporate efficient instantly, after lower than a 12 months within the prime job.
The corporate appointed non-executive director Scott Caldwell as interim CEO till a everlasting substitute is called; Caldwell beforehand held roles together with as CEO at each Guyana Goldfields and Allied Nevada Gold in addition to COO at Kinross Gold.
Cuzzubbo took management in January after a protracted search to exchange co-founder Nick Mather, who was opposed by practically half of shareholders voting in opposition to his reappointment.
SolGold had sparred with giant shareholders BHP (BHP) and Newcrest Mining (OTCPK:NCMGF) (OTCPK:NCMGY) over funding for its big Cascabel copper-gold mission below Mather’s steering.
Earlier this week, SolGold (OTCPK:SLGGF) unveiled a $50M royalty financing deal to advance the flagship mission in Ecuador, which reportedly reignited criticism from the 2 Australian miners.
In keeping with a pre-feasibility research revealed earlier this 12 months, Cascabel’s annual manufacturing will common 132K metric tons of copper, 358K oz of gold and 1M oz of silver through the 55-year life-of-mine.
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