https://www.miningweekly.com

Richmont cherry-picks Stornoway CFO

26th January 2017

By: Henry Lazenby

Creamer Media Deputy Editor: North America

     

Font size: - +

VANCOUVER (miningweekly.com) – Intermediate gold miner Richmont Mines has hired 20-year mining finance veteran Robert Chausse as CFO, cherry-picking him from Quebec diamond miner Stornoway Diamonds, which last year commissioned its Renard project.

Chausse, a chartered accountant, previously held a similar role at AuRico Gold, and was previously employed as VP of finance, operations and projects at Kinross Gold. He has also worked for Baffinland Iron Mines and Barrick Gold.

Richmont is scheduled to report updated reserves and resources in early February and, following that, to provide 2017 operating guidance.

The company reported a slightly better-than-expected fourth-quarter operational update earlier this month, driven by expected rising grades at the flagship Island Gold mine, in Ontario. Richmont is expected to implement a potential expansion at the mine, details of which are expected in the second quarter.

“Given our opinion that Stornoway is in sound financial health with C$150-million in cash and investments as of September 30, 2016, we are not overly concerned with this departure. We believe Stornoway is performing very well in its ramp-up of the Renard diamond mine; we thus do not see the company having a difficult time attracting talent and we think getting a replacement for Mr Chausse this year should be achievable,” Desjardin Capital Markets analyst Michael Parkin said in a note to clients.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Schauenburg SmartMine IoT
Schauenburg SmartMine IoT

SmartMine IoT has been developed with the mining industry in mind, to provides our customers with powerful business intelligence and data modelling...

VISIT SHOWROOM 
Alco-Safe
Alco-Safe

Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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:0.044 0.919s - 111pq - 2rq
Subscribe Now