Pardey to retire as Centamin CEO
Andrew Pardey will retire as CEO of Egypt-focused gold miner Centamin.
He will continue as CEO over a 12-month notice period, while the LSE- and TSX-listed company undertakes a recruitment process to hire a successor.
"It has been a privilege to be involved with Centamin and grow with it, from GM to COO and, ultimately, serving the last four years as CEO. I would like to thank the board, all my colleagues and the shareholders for their dedication, loyalty and support transforming this business and building an exceptional mine," says Pardey.
"I have had the pleasure of working with Andrew for nearly 12 years, from when he joined Centamin as the GM at Sukari. In this time, Sukari has transitioned from exploration through to construction of Egypt's first modern gold mine, and today, is a global top 20 gold mine.
"Andrew has worked tirelessly and with great sacrifice during his tenure. On behalf of the board and shareholders, I would like to thank him for his commitment. I look forward to working closely with Andrew in this period of transition as we restore operational consistency at Sukari and prepare Centamin for its next stage of growth," adds Centamin chairperson Josef El-Raghy.
Centamin will publish its results for the third quarter on October 23 but has previously indicated that production at the Sukari mine for the third quarter was below expectations as a result of lower openpit mining rates on the high-grade Stage 4 West wall.
Output for the third quarter is expected to be between 97 000 oz and 98 000 oz, taking production for the nine months to September 30 to between 331 000 oz and 332 000 oz.
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