LONDON - Pasofino Gold Limited has appointed Brett A. Richards as its new Chief Executive Officer, effective immediately, as announced by its parent company, Hummingbird Resources plc (AIM: HUM). Richards, a seasoned mining industry executive with over 37 years of experience, has previously held several CEO roles and has been instrumental in the construction and commissioning of three mines in Africa.
Richards' appointment coincides with the announcement that Warren Greenslade, the current General Manager of the Dugbe Gold Project, will step down from his role on January 31, 2025, to pursue other opportunities. He will remain in his position to ensure a smooth transition in the coming two months.
The new CEO has a notable track record, having served as CEO of Goldshore Resources and maintaining directorships at Nickel 28 Capital Corp. and Midnight Sun Mining. In recognition of his new role, Pasofino has granted Richards 1,000,000 incentive stock options under the company's Long-Term Incentive Plan, with an exercise price of $0.60 per option, vesting over a 12-month period.
Dan Betts, Chairman of both Hummingbird and Pasofino, expressed the board's support for Richards, emphasizing the importance of his leadership in achieving the company's strategic goals. Richards himself expressed his commitment to moving Pasofino forward in a progressive and constructive manner, while also acknowledging Greenslade's contributions to the company.
Hummingbird Resources, a member of the World Gold Council and a founding member of Single Mine Origin, is engaged in gold production and development in multiple jurisdictions. The company's interest in the Dugbe Gold Project, developed by Pasofino, is part of its vision to expand its asset base and production while adhering to strong Environmental, Social & Governance (ESG) policies.
This news is based on a press release statement provided by Hummingbird Resources plc.
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