SolGold CEO quits
Darryl Cuzzubo has resigned as MD, CEO and board member of exploration and development company SolGold, having been in the top job for one year.
His resignation from the LSE- and TSX-listed company, which is advancing the Cascabel copper/gold project in Ecuador, is effective from Thursday.
SolGold said it had appointed nonexecutive director Scott Caldwell, a mining who has held a number of senior executive roles, as interim CEO until a permanent replacement has been found.
Cuzzubo's resignation comes within the same week that the company announced a $50-million financing agreement with Osisko Gold Royalties to advance the Cascabel project. The funding deal has reportedly faced criticism from shareholders, including BHP and Newcrest.
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