Replies to post #56953 on Banro Corp. fka BAA

[adama2000]

a new CFO but no one special
But to be honest, who wants to work for such an underperformer? No one with a big track record or from a big company. Banro is actually a nobody in the mining industry - hope they change that soon!

From The Internet
After achieving his CA designation, Mr. Langille moved to the mining industry where he worked with Augmitto Explorations and then TVX Gold Inc. for approximately eight years until 1997.
Following his tenure at TVX, Mr. Langille held senior financial roles with a number of other employers including Cott Corporation, Capital Environmental Resources Inc. and Lindsey Morden Group Inc. Mr. Langille was CFO at the latter two companies.

In June 2006 Mr. Langille was appointed Vice President, Finance and Chief Financial Officer of Breakwater Resources.

TORONTO, ONTARIO--(Marketwire - Jan. 22, 2013) - North American Palladium Ltd. ("NAP" or the "Company") (TSX:PDL)(NYSE MKT:PAL) is pleased to announce the appointment of Dave Langille, CPA, CMA, as Chief Financial Officer ("CFO") of the Company, effective January 22, 2013.

Mr. Langille is a seasoned finance executive with over 26 years of international public company experience. He brings a wealth of international financial expertise to NAP, notably a solid track record of optimizing operations to improve operating margins, along with merger and acquisition experience, and raising capital through a broad range of capital market products.

Most recently, Mr. Langille served as the CFO and Vice President, Finance of Breakwater Resources Ltd. Prior to this, he served in senior financial positions for various public companies, including Lindsey Morden Group Inc., Capital Environmental Resource Inc., Cott Corporation, and TVX Gold Inc. Mr. Langille received an Honours Bachelor of Business Administration from Wilfrid Laurier University in Waterloo, Ontario, Canada in 1985, and has been a member of the Institute of Chartered Accounts of Ontario and the Society of Management Accountants of Ontario since 1987.

Toronto, Ontario, August 12, 2015 --- North American Palladium Ltd. (“NAP” or the “Company”) (TSX: PDL- News) (OTC PINK: PALDD) announces the following senior management changes.

Following the successful completion of the Company’s restructuring plan, President and CEO Phil du Toit and CFO David Langille tendered their resignations

[nagoya1]

Here's more about the new CFO:

TORONTO, ONTARIO--(Marketwire - Jan. 22, 2013) - North American Palladium Ltd. ("NAP" or the "Company") (TSX:PDL)(NYSE MKT:PAL) is pleased to announce the appointment of Dave Langille , CPA, CMA, as Chief Financial Officer ("CFO") of the Company, effective January 22, 2013.

Mr. Langille is a seasoned finance executive with over 26 years of international public company experience. He brings a wealth of international financial expertise to NAP, notably a solid track record of optimizing operations to improve operating margins, along with merger and acquisition experience, and raising capital through a broad range of capital market products.

Toronto, Ontario, August 12, 2015 --- North American Palladium Ltd. (“NAP” or the “Company”) (TSX: PDL- News) (OTC PINK: PALDD) announces the following senior management changes.

Following the successful completion of the Company’s restructuring plan, President and CEO Phil du Toit and CFO David Langille tendered their resignations. In their place, the Board of Directors of the Company has appointed Jim Gallagher, currently Chief Operating Officer, as President and Chief Executive Officer and Christine Napierala as Interim Vice President, Finance and CFO.

"We would like to thank Phil and Dave for leading the restructuring of the Company’s affairs over the past two years. It was a difficult period and required a tremendous amount of their time and effort. We wish them well in their future endeavors," said Peter Gordon, Chairman of the Board. "The Company’s balance sheet has been strengthened and following closing of the rights offering next month, the Company will focus its resources on the Lac des Iles Mine and also pursue highly promising exploration targets that surround the mine."

It looks to me like the new CFO might be good at RESTRUCTURING....

Funny how a company's CFO has become more important than actual gold recovery, revenue, income and mining....

GO BAA


FROM 2015
Production numbers down:

Sept 30 (Reuters) - North American Palladium Ltd cut its production forecast for the year on Wednesday and also said it was laying off 44 employees at its Lac des Iles mine in Ontario, another casualty of weaker metal prices.

The Canadian-based miner producer said it now expects to produce between 160,000 and 170,000 ounces of palladium, down from a previous forecast of 185,000 to 205,000 ounces, as it reduces how much of its low-grade surface stockpile it processes. At current prices, the surface stockpile is not economic.

With "prominent" CFOs that are readily available at nearby Starbuxes, production numbers always go up. They have X-RAy eyes to see where the payzones are of course.LOl

People were complaining that the position was vacant and now, filled, still complaining....WTH, it's raining somewhere....