West Red Lake Gold Mines (TSXV: WRLG) has seen the departure of an experienced mining executive from its board of directors this morning. Tony Makuch has tendered his resignation from the board in an effort to focus on other endeavours.
“My involvement with Discovery Silver in the acquisition of the Porcupine Assets from Newmont requires my full commitment,” commented Makuch in connection with his resignation.
Makuch currently leads Discovery Silver, whom in January announced it would be acquiring Newmont’s Porcupine Complex in a transaction valued at US$425 million. That transaction will see Discovery become a precious metals producer, versus its current position as a developer. The Porcupine Complex is expected to produce 285,000 ounces of gold annually for the next decade.
Makuch, whom previously served as CEO of Kirkland Lake Gold before its merger with Agnico Eagle Mines in 2022, first joined West Red Lake in June 2023. A replacement has yet to be named.
West Red Lake Gold Mines last traded at $0.61 on the TSX Venture.
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