Carrick Gold appoints Chief Executive Officer
Company sets path to production
Carrick Gold Ltd (ASX Code: CRK) has enhanced its management team with the appointment of experienced mining executive, John McKinstry, to the role of Chief Executive Officer.
Mr McKinstry brings strong operating capability to Carrick Gold with over 25 years' experience with international mining companies including Normandy, Newmont Mining & MIM, specialising in the development and bringing to production of mining operations.
In his most recent role as Chief Executive Officer with North Queensland Metals Ltd he built a team of 180 people, was responsible for raising $30 million in capital, executed feasibility studies, managed joint venture relationships, delivered profits from operations and increased shareholder value significantly.
Carrick Gold Chairman Laurence Freedman AM said Mr McKinstry's skills will be very valuable to Carrick Gold as it continues the transformation from explorer to develop its production capabilities.
"Carrick Gold has recently undergone substantial changes following my appointment and that of international resource industry investment banker, Mr Robert Schuitema," Mr Freedman said.
"More recently there have been a number of notable changes to the share register, including two separate Chinese investment groups making significant investments in Carrick Gold," he said.
"The Board has prioritised moving toward production and is fully focused on corporate governance, implementing management controls and transparency in reporting."
"The Company is uniquely positioned as it has full ownership of all its tenements and sufficient funding to enable both exploration and development. This allows us to control our own destiny and underpins my confidence in our future prospects."
"The Company has over $18 million in cash and no debt as it continues to explore its gold tenements located north-east of Kalgoorlie."
"Carrick Gold remains focused on its vision to deliver exceptional shareholder returns through the discovery, delineation and development of mineable precious metals."
"We have a major exploration program planned for 2011 with the aim of moving towards achieving production in the 2012 financial year."
"Finally," Mr Freedman said, "the Company continues to make great strides in this transformational phase and we will be reporting to shareholders both directly and through our new and interactive website at www.carrickgold.com."
Download this document
