TORONTO (miningweekly.com) – Turkey-focused project developer Aldrige Minerals president and CEO Mario Caron has resigned his position, including his seat on the board effective July 31.
Aldridge said it had established a special committee of the board that would provide general supervision and management of the day-to-day affairs of the company to effectively manage the transition to new leadership. The committee would also be responsible for overseeing a process to identify and hire a new CEO.
"During his tenure, the company was successful in advancing the development of its flagship Yenipazar project, which culminated in the successful completion of a feasibility study earlier this year, resulting in the 100% earn-in of the project.
The company will now focus on retaining new leadership that will guide us through our next phase of development,” Aldridge chairperson Barry Hildred said.
Caron told Mining Weekly Online at the end of June that, despite the ongoing civil protests that have rocked various Turkish cities during the past month, the country remained an attractive investment destination, adding that the unrest had not altered the development path for the Yenipazar polymetallic project.
He said that, despite ongoing localised protests in the country’s largest city, Istanbul, and elsewhere in the country, the investment community was relatively confident that the activity did not pose any threat to the long-term sustainability of the country’s mining industry.
Aldridge early in June exercised its option to earn a 100% working interest in the Yenipazar project, after it delivered a feasibility study to Alacer Gold.