VANCOUVER (miningweekly.com) – Shell company Mag Copper has rebranded and appointed three former executives of Integra Gold, which was acquired by Eldorado Gold last month for C$590-million, to replicate the former company’s success elsewhere in the Americas.
The company, to be rebranded Integra Resources, plans to acquire a project in either North or South America in the coming months, CEO George Salamis said in a news release on Thursday.
The former chairperson of Integra Gold, Salamis is credited with increasing the company’s market value from C$25-million four years ago to about C$600-million when the company was sold through the drill bit at its Lamaque project, in Quebec.
Former Integra Gold CEO Stephen de Jong will become the chairperson of Integra Resources, and Andrée St-Germain its CFO.