https://www.miningweekly.com
Exploration|Financial|Flow|Resources|Flow|Operations
Exploration|Financial|Flow|Resources|Flow|Operations
exploration|financial|flow-company|resources|flow-industry-term|operations

Mandalay CEO resigns, other senior management changes announced

7th December 2022

By: Creamer Media Reporter

     

Font size: - +

Canada-based natural resources company Mandalay on Tuesday announced the resignation of Dominic Duffy as president and CEO for personal reasons.

Duffy will continue to serve as CEO and assist with the transition of leadership until his departure in July next year. He will remain on the board in a nonexecutive capacity after his departure as CEO.

The company has engaged a recruiting firm to lead the search process for Duffy’s successor.

Executive chairperson Bradford Mills extended thanks to Duffy for his vision, leadership and dedication to Mandalay over the past 12 years. “In particular, Dominic played a crucial role in Mandalay’s turnaround over the past four years, leading a dramatic improvement of our operating performance and financial results,” said Mills.

He noted that when Duffy was appointed CEO in 2018, Mandalay faced significant operational and liquidity issues. “He led Mandalay through these challenges by successfully recapitalising the company, disposing of our noncore assets, transforming both operations and achieving significant exploration success, particularly at Costerfield. His efforts led to the company’s remarkable performance since then, and he leaves Mandalay in a very strong financial position with two producing mines that are generating significant free cash flow and have significant additional exploration potential. We are also glad that Dominic has agreed to continue to serve as a director following his departure as CEO, which will ensure leadership continuity and maintain a strong technical presence on the Mandalay board.”

Further, Mandalay announced that Ryan Austerberry would be promoted to the role of COO. He is currently the general manager (GM) of the Costerfield mine, in Australia, and was previously the GM of Mandalay’s other operating mine, Bjorkdal, in Sweden.

Adam Self, the current mine manager at Costerfield, will replace Austerberry as Costerfield’s GM.

Edited by Mariaan Webb
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Hanna Instruments Image
Hanna Instruments (Pty) Ltd

We supply customers with practical affordable solutions for their testing needs. Our products include benchtop, portable, in-line process control...

VISIT SHOWROOM 
Multotec
Multotec

Multotec, recognised industry leaders in metallurgy and process engineering help mining houses across the world process minerals more efficiently,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Hyphen, Eva mine, ferrochrome price make headlines
Hyphen, Eva mine, ferrochrome price make headlines
27th March 2024
Resources Watch
Resources Watch
27th March 2024

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







sq:0.061 0.093s - 93pq - 2rq
Subscribe Now