Equinox Gold (TSX: EQX) has undergone a major management change, with CEO Greg Smith appearing to have been forced to step down from his role with the company. Taking his place will be Darren Hall.
Hall, who came to the company via the acquisition of Calibre Mining earlier this year, has been promoted from the role of Chief Operating Officer of Equinox. The change, which is effective immediately, has also seen Hall appointed to Equinox’s board.
Prior to serving as CEO of Calibre, Hall previously held the role of COO of both Newmarket Gold and Kirkland Lake Gold, which was preceded by a three decade long career at Newmont.
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“This leadership transition marks Equinox Gold’s evolution from a high-growth consolidator to a top-tier global gold producer, anchored by Greenstone and Valentine, both high-quality, long-life assets,” commented Hall on his appointment.
Commenting on his departure, Smith stated, “It is the right time for a proven operator like Darren to take the helm. He brings the leadership, focus, and operational expertise to optimize this expanded portfolio and unlock its full potential. It has been an honour and privilege to work alongside the talented Equinox Gold team, Ross Beaty, and our board to build this outstanding Company.”
At the same time, David Schummer has been appointed as COO of Equinox in Hall’s place, after having previously served as EVP, Operations.
Equinox Gold last traded at $8.84 on the TSX.
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