TORONTO (miningweekly.com) – Mineral resources industry veteran Kevin McArthur, with more than 30 years' experience, has again assumed CEO duties at Tahoe Resources following the surprise resignation of Alex Black as CEO and director for personal reasons.
Black, a former Rio Alto Mining CEO, was appointed Tahoe CEO in February when the company and Rio Alto announced a $1.38-billion merger. At this point McArthur became chairperson of the board.
“I wish to thank Alex not only for his vision at Rio Alto, but also for his leadership in helping to [combine] our companies,” McArthur said.
The merger created a new intermediate precious-metals producer with both silver and gold assets, including the Escobal silver mine, in Guatemala, and the Peru-based La Arena gold mine and Shahuindo gold project, which was expected to start production in 2016.