Patagonia Gold CFO resigns

12th March 2013 By: Henry Lazenby - Creamer Media Deputy Editor: North America

TORONTO (miningweekly.com) – Argentina-focused project developer Patagonia Gold on Tuesday said CFO Philip Yee had resigned effective from May 27, to assume a new position as VP and CFO with a mining company in Canada.

Financial director Gonzalo Tanoira would assume the role of CFO.

"Yee successfully guided us on to the Toronto Stock Exchange in 2011, and greatly assisted the company during the transition from a developer to a producer," Patagonia Gold CEO Bill Humphries said in a statement.

Patagonia Gold is on track to start the fully permitted heap leaching operation at its Lomada de Leiva gold mine, in the Santa Cruz, during the second quarter.

The TSX- and Aim-listed company had migrated to the rank of a junior producer when it started gold production at Lomada de Leiva late in November last year.