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Nevada Copper appoints new CFO

6th July 2020

By: Creamer Media Reporter

     

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Toronto-listed Nevada Copper, which owns the Pumpkin Hollow mine in Nevada, US, has appointed André van Niekerk as CFO.

Van Niekerk succeeds Braam Jonker on July 13.

Announcing the appointment on Monday, the company said Van Niekerk had extensive capital market experience and was responsible for financing the development of the two underground mines and the continuous optimisation of the company’s balance sheet.

Van Niekerk was previously the CFO of Africa-focused Golden Star Resources, where he oversaw the commissioning and ramp-up of multiple new mining operations, in addition to the upgrade of company-wide enterprise resource planning and management reporting and control systems during his 14-year tenure.

Previously, he held senior positions with KPMG.

The arrival of Van Niekerk is part of the build-out and strengthening of the Nevada Copper team, following the recent appointments of Evan Spencer as CEO and Kalidas Madhavpeddi as technical adviser.

Meanwhile, the company said it would restart milling operations at Pumpkin Hollow next month, with a short-ramp up to full production capacity in the fourth quarter.

Pumpkin Hollow started a ramp-up of operations in the first quarter, and benefits from a period of accelerated mine development during the second quarter, resulting in a materially de-risked path to full scale production over the coming months.

“André will strengthen and complement our team as we further develop and grow our business. His experience is particularly valuable as we seek to drive efficiencies at our producing underground mine, and further in the future begin to prepare for project financing of our permitted large-scale openpit project.

“We wish to thank Braam Jonker for his dedication and contributions to Nevada Copper as CFO over the last two years,” said Spencer in a statement.

Edited by Mariaan Webb
Creamer Media Senior Deputy Editor Online

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