Canadian firm Argonaut Gold on Thursday announced the appointment of Richard Young as president and CEO, following the immediate resignation of Larry Radford, owing to personal health reasons.
Radford was appointed president and CEO in March this year to replace Pete Dougherty, who resigned at the end of 2021 in the wake of a major cost overrun at the Magino gold project, in Ontario.
“Larry stepped in during a challenging time for the company. Larry put in place an experienced construction team at Magino, developed a solid plan to bring Magino into production and ensured the company was on a solid financial footing,” said chairperson James Kofman.
He also stated that Argonaut’s new CEO was an “exceptional leader”, adding that his experience at Teranga Gold in leading teams that built, commissioned and operated mines would be valuable to Argonaut.
“The board is confident that Richard is the right leader for the company at a pivotal time with the completion of the Magino mine in 2023 as part of our transformative strategy that will drive long-term, sustainable value for our shareholders and all stakeholders,” said Kofman.
Radford would stay on at Argonaut as member of the board and chief adviser to the CEO until January 22, 2023.