TORONTO (miningweekly.com) – Intermediate gold producer Kirkland Lake Gold on Monday announced that president and CEO George Ogilvie resigned from the company and board on Sunday, with Tahoe Resources’ head of Canadian operations Anthony Makuch taking his place in the weeks to come.
Current director Barry Olson would assume the role of interim CEO until Makuch had completed his duties in his current role.
Kirkland Lake Gold chairperson Eric Sprott said Makuch was ideally positioned to lead the company into the next stage of its development, having demonstrated an ability to grow and optimise production, which would be excellent assets for the company.
Makuch will bring with him more than 25 years of management, operations and technical experience in the mining industry, most notably as president and CEO of Lake Shore Gold. Under his leadership, Lake Shore Gold increased production and reserves, lowered costs and increased margins, leading to substantial value creation.
Ogilvie did not stand for election as a director at the annual meeting, which was scheduled for Monday morning, in Toronto.
Vancouver-based Tahoe Resources announced in a separate statement on Monday that president and COO Ron Clayton would assume day-to-day management of the company’s Lake Shore Gold division.