PRECIOUS METALS

Changes at the top at West African

Board and management strengthened as Sanbrado gets constructed

Staff reporter
Board and management strengthened as high margin Sanbrado operation in Burkina Faso developed

Board and management strengthened as high margin Sanbrado operation in Burkina Faso developed

Rod Leonard and Nigel Spicer have been appointed independent non-execs, joining Mark Connelly and Simon Storm around the board table.

Leonard is one of the founding directors of Lycopodium while Spicer is a mining engineer with more than 40 years' experience in mining including operational and executive management positions with mining companies in Africa, UK, Australia, Indonesia, PNG, Brazil and Philippines.

Ian Kerr has resigned.

Meanwhile, at the management level, Luke Holden has been appointed as general manager - operations, Stuart Cruickshanks general manager - technical services, and Todd Giltay general manager - finance.

West African Resources is developing the Sanbrado gold project in Burkina Faso, which is forecast to have its maiden gold pour in mid-2020 and which is flagged to produce more than 300,000oz in its first full year at all in sustaining costs of less than US$500/oz.

Gold is currently trading at more than US$1,500/oz.

 

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