Peter Marrone is the chairperson and CEO of Allied Gold.
Allied Gold, led by the former leadership of Yamana Gold, is heading for the Toronto Stock Exchange, with the gold miner set to start trading on Monday.
Allied Gold Corp and Allied Merger Corp (AMC) on Thursday completed the previously announced business combination and reserve takeover transaction, as well as concurrent financing of $267-million.
This would aid the next phase of growth for Allied Gold, from a midtier Africa-focused gold producer to a next-generation senior gold miner. Allied Gold controls three producing mines and several development projects in Africa.
AMC was formed and capitalised by the former principals of Yamana Gold – Peter Marrone, Daniel Racine, Jason LeBlanc, Gerardo Fernandez and Sofia Tsakos to finance and develop high-quality mining opportunities. Along with SummitNorth, an investor in AMC, AMC agreed to the terms of the transaction with Allied.
Allied is now led by Marrone as chairperson and CEO, Racine as president, LeBlanc as CFO, Fernandez as chief development officer and Basie Maree as COO.
The board of directors consists of Marrone, Justin Dibb as vice-chairperson, John Beardsworth, John Begeman, Racine, Pierre Chenard, Jane Sadowsky, Dino Titaro and Richard Graff.
Yamana was bought by Pan American Silver earlier this year.