Canadian miner, Guyana Goldfields Inc yesterday announced the appointment of Alan Pangbourne as the Company’s Presid-ent and Chief Execu-tive Officer (“CEO”), effective January 1, 2020.
A release from the company said that Pangbourne will succeed Allen Palmiere, a director of the Company who was appointed Interim CEO in late July 2019 until the Company could complete its search for a permanent CEO. Palmiere will continue in his role as a director of the Company.
The release said that Pangbourne brings to the role of CEO over 35 years of diversified management and senior operational experience. Pangbourne was most recently the Chief Operating Officer at SSR Mining Inc. Prior to that, he was Vice President Projects, South America, with Kinross Gold Corporation, and before that, the release said that Pangbourne held a number of senior roles over 15 years at BHP Billiton Ltd., including President and Chief Operating Officer of Nickel Americas which included Cerro Matoso, Colombia and project development in Guatemala and Cuba.
“We are delighted that Alan Pangbourne will join our team as President and CEO,” stated René Marion, Non-Executive Chair of the Board of Directors. “Alan’s extensive experience, as well as his operational background and technical expertise will be of tremendous benefit as we advance the Company’s corporate strategy.”
“I am excited to be working with the team,” stated Pangbourne in the release. “I look forward to the opportunities we have to improve operational performance at Aurora and to create value for our shareholders through a disciplined approach to both productivity and value creation.”
GGI, a Canadian based mid-tier gold producer, operates the Aurora gold mine in Region Seven here. In April this year, Guyana Goldfields reached a settlement with a group of shareholders who had been seeking to take control. It was announced then that it would be appointing two independent directors, while two long-serving ones would step down.
As part of the settlement that was reached with the group of shareholders, including the company’s former Executive Chair Patrick Sheridan, Guyana Goldfields appointed Pangbourne and Palmiere as directors.
“We have reached a constructive outcome with the Requisitioning Shareholders. The two new directors will add valuable experience to the Board, allowing all of us to move forward and devote our full attention to the Company’s optimization strategy for its Aurora Gold Mine in Guyana,” the release in April quoted Chair of the Board Marion as saying.
