San Gold Corporation (SGRCF)

[goldenpolarbear]

Recently, "...San Gold Announces Greg Gibson as CEO 2014-06-10T12:58:01

http://www.sangold.ca/i/pdf/2014-09-SGR_merger.pdf

WINNIPEG, MANITOBA--(Marketwired - June 10, 2014) - San Gold Corporation (TSX:SGR)(OTCQX:SGRCF) announced today that Greg Gibson has been appointed CEO. Gestur Kristjansson will continue in his current role as President.

As Chair of the Board's technical review committee, Mr. Gibson is playing a central role in San Gold's turnaround process at the Company's Rice Lake Complex. As part of this process, the Company has implemented a number of operational changes which have resulted in significantly improved grades and mill recoveries. The Company has also transitioned its workforce to reflect changes in its mine plan and increased efficiency through improved supply chain management.

"We have made tremendous progress since March. Our new mine plan has been in place for more than a month now and we are already seeing the benefits of the strict controls that have been implemented. As CEO, I look forward to taking a more active role operationally as we continue to transform the Rice Lake Complex into a profitable producer," said Mr. Gibson.

"We are very fortunate to have Greg join the Company on a full time basis. We have already benefitted from the depth of his experience in his role as a director and I look forward to working closely together as we implement the new plan that has been developed during this transition period," said Mr. Kristjansson.

Mr. Gibson has more than 30 years of mining industry experience in Canada, the USA and Australia. He was President and CEO of Trelawney Mining and Exploration during the discovery and advancement of the Cote Lake South gold deposit near Timmins, Ontario and the subsequent acquisition of the company by IAMGOLD Corporation in June 2012...." etc!
http://www.canadianminingjournal.com/press-releases/story.aspx?id=1003104342&er=NA

Gestur Kristjansson recently resigned as President. Hmmm?

http://www.zoominfo.com/s/#!search/profile/person?personId=1350880586&targetid=profile

http://business.financialpost.com/2014/06/10/san-gold-corps-new-chief-greg-gibson-sees-smaller-mines-as-key-to-survival/

"...San Gold Corp.’s new chief executive faces a straightforward challenge: mine much less gold, and make it profitable.

Greg Gibson was named CEO of San Gold on Tuesday, a formerly high-flying company that has fallen into a cycle of losses and liquidity problems like many other small gold miners. He said in an interview that his mandate is to shrink output to where it should have been in the first place.

http://www.sangold.ca/s/Board-of-Directors.asp

Greg Gibson
Director Mr. Gibson has more than 30 years of mining industry experience in Canada, the USA and Australia. He was President and CEO of Trelawney Mining and Exploration during the discovery and advancement of the Cote Lake South gold deposit near Timmins, Ontario and the subsequent acquisition of the company by IAMGOLD Corporation in June 2012. Mr. Gibson is most recently President and CEO of Kerr Mines, Chairman of Temex Resources Corp., a director of Mag Copper Ltd. and a director of SGX Resources. He previously held the position of President and CEO of Northern Gold, which raised $28 million since mid-2012 during tight market conditions. During his career, Mr. Gibson was mine manager at Yilgarn Star Gold Mine in Australia, Copper Mines of Tasmania and the Chester Gold Project in Timmins, Ontario. He has been a contract manager, foreman and miner at various contractor mining companies including JS Redpath and Dynatec Mining Ltd.

http://www.sangold.ca/i/pdf/2014-09-SGR_merger.pdf