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.
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.