McEwen Mining Reports CFO Placed On Medical Leave

There’s nothing like getting hit when you’re already down. McEwen Mining (TSX: MUX) knows this all to well, after announcing last night that its chief financial officer would be on a temporary medical leave.

Details on the temporary leave were slim, with the firm stating that Anna Ladd-Kruger, the CFO, is “expected to return to regular duties in the near future.” While little details were provided, the medical leave evidently is significantly enough, and expected to go on long enough, that the firm was required to make the announcement of her leave.

In her place on a temporary basis is Segun Odunuga, a current VP and Corporate Controller of the firm, whom will manage the financial team and maintain the role of principal financial officer in the interim. Other duties of Ladd-Kruger’s meanwhile will be assumed by other members of the executive team.

The announcement comes just days after the firm revealed that it is no longer in compliance with the New York Stock Exchange’s listing requirements. The company has fallen below minimum pricing standards for the exchange, with the company having up to six months to correct the deficiency or face a potential de-listing from the US big board.

McEwen Mining last traded at $1.18 on the TSX.


The author has no securities or affiliations related to any organization mentioned. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

SSR Mining Q1 Earnings: Costs Continue To Climb

Recommended

First Majestic Makes Second Major Discovery At Santa Elena In Just A Year

PTX Metals Hits 235.1 Metres Of Copper, Nickel Mineralization In Longest Intercept To Date At W2

Related News

McEwen Mining Falls 8% After Missing Estimates

McEwen Mining (TSX: MUX) reported its financial and operational performance in Q2 2022. The mining...

Friday, August 12, 2022, 10:54:00 AM

$3,000 Gold In 2023? – With Rob McEwen

Gold mining industry leader Rob McEwen shares his expert insights on inflation, the Bank of...

Friday, January 20, 2023, 01:30:00 PM

McEwen Mining Posts Q1 Gross Loss, Explores Alternate US Listing

McEwen Mining (TSX: MUX) last night reported its first quarter 2022 financial results. The company...

Wednesday, May 11, 2022, 08:41:26 AM

McEwen Mining Announces Financing To Fund Further Fox Complex Development

McEwen Mining (TSX: MUX) is looking to raise funds to bolster its exploration efforts in...

Monday, February 14, 2022, 07:43:20 AM

Goliath Resources Secures $10 Million Investment From McEwen Mining

Goliath Resources (TSXV: GOT) has managed to secure a new strategic investor. The company has...

Wednesday, January 29, 2025, 08:01:00 AM