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Replies to post #332 on Canadian Gold Corp (STRRF)
IAN BALL APPOINTED INTERIM PRESIDENT & CEO SATORI RESOURCES
Ian Ball has been appointed interim president and chief executive officer of Satori Resources Inc. effective today. Mr. Ball will replace Jennifer Boyle, who is continuing with the company as executive vice-president and director.
Most recently Mr. Ball was president and CEO of Abitibi Royalties from 2014 to 2021. During this time period the company's share price generated a compounded annual growth rate (CAGR) of 74 per cent, making it one of the top performing gold companies in the world. Prior to Abitibi Royalties, Mr. Ball worked 10.5 years for Rob McEwen (the company's largest shareholder owning 37.6 per cent of the outstanding common shares), initially at Goldcorp and then McEwen Mining, where he served as president, overseeing production, construction and exploration activities throughout North and South America. He was responsible for leading the team that discovered McEwen Mining's El Gallo 2 project and surrounding deposits in Mexico that are nearing a construction decision. Mr. Ball was also a co-founder of Apollo Explorations with Mr. McEwen, which was recently acquired by Satori, giving him a high degree of familiarity with the exploration projects.
"The company will have a laser focus on the high-grade gold mineralization at the Tartan Lake mine in Manitoba. When you look at the gold mining companies that have generated the greatest share price appreciation, not overall size, it is those that make high-grade discoveries in stable locations (Goldcorp, Newmarket Gold/Kirkland Lake Gold) where you have a small financial footprint (capital costs), quick payback, high margins, existing infrastructure, and the ability to allocate capital back into exploration. I am a big believer that you need a very narrow focus when running a gold mining company in order to deliver the maximum return to the company's owners. For more information on my views regarding this topic [go on-line]. We will be providing Satori owners with our exploration and development plans during the coming weeks," stated Mr. Ball, interim president and CEO.
