Apr 07, 2019
Detour Gold hires CEO
[rt_reading_time] MIN READ
Detour Gold has appointed Michael (Mick) McMullen as its new chief executive officer (CEO).
McMullen has more than 25 years of experience in the mining industry, serving in a variety of roles.
Since 2018, he has been a senior advisor to Black Mountain LLC, a private company engaged in identifying and capturing high-growth opportunities within the natural resource space.
He has served as CEO and a director of Stillwater Mining Company from 2013 to 2017, and a principal at MRI Advisory AG, a private company focusing on the development of metal and minerals projects in the Americas, Europe and Africa.
“I am excited to be joining the company and look forward to working with the team to continue to build a leading mid-tier gold producer with a strong safety culture and cost performance,” McMullen said in an April 1 news release.
“The company has a unique asset with a long mine life in a low-risk jurisdiction that has the potential to deliver significant value to shareholders. I look forward to engaging with the company’s stakeholders to provide our vision for the way forward for the company.”
The operation has a mine life of approximately 23 years with an average gold production of 659,000 ounces per year, and includes the development of the West Detour project, which is currently being permitted.