https://www.miningweekly.com

Detour Gold refreshes board with three new appointments

30th August 2018

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

Font size: - +

TSX-listed Detour Gold has appointed three new directors in a move to augment its board’s experience and expertise in large-scale openpit mining ahead of a December 11 shareholders meeting to vote on a replacement of the company’s board.

The new board members include Alan Edwards, a former Kinross Gold executive and former chairperson of AuRico Gold, as well as James Gowans, who is a past co-president of Barrick Gold and until its recent takeover by South32, the CEO of Aurizona Mining.

Strategic communications and engagement specialist Judy Kirk has also been appointed to the board to strengthen the company’s relations with First Nations.

To accommodate these additions, Ingrid Hibbard and Robert Doyle have stepped down from the board.

Chairperson Alex Morrison said that the latest board additions demonstrated the company’s commitment to execute its strategy for the Detour Lake mine – the largest gold mining operation in Canada.

“These changes to the board, coupled with the initiatives of Frazer Bourchier as COO and additional talent upgrades at the mine site, further enhance our ability to ensure that the Detour Lake mine becomes a consistently performing operation," Morrison said on Wednesday.

Earlier this week, shareholder Paulson & Co slammed the gold miner for delaying a meeting to replace the board. The hedge fund, controlled by billionaire John Paulson, has nominated eight directors that it wants to serve on the board and has called for a shareholders meeting to be held no later than September 28.

Paulson wants a new board to explore alternatives, including a potential sale.

The current board, however, is intent on executing its strategy for the Detour Lake mine and is critical of Paulson’s push for an “ill-timed fire sale”, claiming it would only benefit the billionaire and not shareholders.

Meanwhile, Detour also announced that it had expanded the skills and expertise at the mine site with the appointment of Dale Ekmark as VP mine general manager. Ekmark served as CEO and chairperson of OKD in the Czech Republic, where he oversaw the operation of four coal mines with over 12 000 employees.

Edited by Creamer Media Reporter

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION