Wallbridge Mining (TSX: WM) this morning indicated that its board has lost serious bench strength, with the announcement that Tony Makuch is stepping down from his role as a director and chairperson.
Makuch had served on the board of Wallbridge since 2019, and as chairperson since April 2022. Makuch most famously is known for being the prior CEO of Kirkland Lake Gold, prior to its merger with Agnico Eagle Mines in 2022.
The departure of Makuch from Wallbridge’s board notably follows his departure from the board of West Red Lake Gold Mines as well, which was announced in late March. Both departure are related to his new role as the CEO of Discovery Silver, who just announced the acquisition of Newmont’s Porcupine Complex for $425 million.
Commenting on his departure, Makuch said, “I have enjoyed working with the Wallbridge management team and Board however, at this time my commitment and full attention needs to be dedicated to Discovery Silver.”
Taking his place as chair on Wallbridge’s board will be Janet Wilkinson, while a replacement for his role as director has now been named.
Wallbridge Mining last traded at $0.05 on the TSX.
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