Scotgold Resources Ltd’s chief executive officer Phil Day intends to resign to spend more time with his family in Australia.
The Australian company said it had started the recruitment process for his successor.
“I am very pleased with what we as a team have accomplished during my time as CEO,” said Mr Day who began working at Scotgold in February 2021.
“It has been a privilege to lead and develop the business.
“The company’s team and board are its greatest asset and I want to express my gratitude for their contribution.”
SIGNIFICANT CHALLENGES
Chairman Peter Hetherington thanked Mr Day for his “dedication, unwavering support and very significant contribution to the company”.
“Under his calm and steady leadership, since April 2021, Phil has guided the Cononish mine to safe and environmentally compliant commercial production, redesigned the mine schedule, implemented cut and fill stoping for faster access to higher grade zones, commenced long hole stope mining and ramped up the process plant for optimal continuous operation.
“Significant challenges obviously remain for Scotgold.
“We as a board have a duty of care to all team members and respect Phil’s request for the time and space, away from CEO plc duties, with his family in Australia.
“We remain committed to all stakeholders and the ongoing development and production from Cononish, Scotland’s first commercial gold mine and will update the market in due course on the new CEO appointment.”
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