The recent delays at Marathon Gold’s (TSX: MOZ) flagship Valentine Project have evidently lead to some management changes for the company. The firm this morning announced the departure of its chief financial officer, as well, as several upper middle management changes.
The company has seen the departure of Hannes Portmann, CFO and Business Development, who this morning revealed he will be leaving the firm at the end of January. Portmann is reportedly pursuing a role in the private sector, away from natural resources.
Portmann has indicated that he will be consulting for the company following his departure, as required. A replacement has yet to be named.
The firms chief operating officer, Tim Williams, meanwhile is said to be relocating from Ontario to Newfoundland to take on control of the daily operations of the Valentine project.
The firm also indicated that David Ross has joined the company in the role of Director, Mineral Resources, while Kyle Kuntz has joined the firm as Director, Projects.
The changes announced are said to “reflect the ongoing transition of Marathon from pure explorer, to project developer and miner.”
Marathon Gold last traded at $2.69 on the TSX.
Information for this briefing was found via Sedar and Marathon Gold. The author has no affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.