09:41:46 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



McEwen Mining Inc
Symbol MUX
Shares Issued 275,051,931
Close 2015-12-31 C$ 1.45
Market Cap C$ 398,825,300
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McEwen Mining appoints Sutherland as president

2016-01-04 10:20 ET - News Release

Ms. Mihaela Iancu reports

MCEWEN MINING ANNOUNCES MANAGEMENT APPOINTMENT A COLIN SUTHERLAND AS PRESIDENT

McEwen Mining Inc. has appointed Colin Sutherland as president. Mr. Sutherland will be responsible for the financial and operational performance of the company. Rob McEwen will remain the chairman and chief executive officer.

Mr. Sutherland is a chartered professional accountant with over 20 years of financial and operational experience. Most recently, he served as chief executive officer and managing director of Archipelago Resources PLC, which operates a large producing gold mine in North Sulawesi, Indonesia. In 2013, Mr. Sutherland led the successful privatization of Archipelago Resources and continued to deliver significant returns to its shareholder. During his tenure, gold production grew to 200,000 ounces per year and costs were significantly reduced. Prior to this, Mr. Sutherland held senior financial and executive roles with Timmins Gold, Capital Gold, Nayarit Gold and Aurico Gold.

"I am excited and honoured to take on this role and look forward to partnering with Rob McEwen and the senior leadership team in delivering on our sole objective of creating shareholder value," commented Mr. Sutherland.

"We are very pleased to welcome Colin as our president. He comes with considerable experience with gold mines in Mexico and internationally, which I believe will better position us for our future growth. Equally important, Colin believes as I do that management interests needs to be economically aligned with all our share owners. He joins us as a share owner with 454,834 shares of MUX," said Rob McEwen, chairman and chief owner.

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