Scotgold Resources Ltd announced that chief executive Richard Gray will retire from his role with the company but will continue as non-executive director.
Mr Gray has been with the company as CEO since October 2014 and oversaw Scotgold’s transition into a gold miner and producer.
He will continue in his present role until 31 March 2021 before being replaced by Phillip Day. bityl.co/5lco
Chris Sangster, who was the founding chief executive of the company, has also resigned as non-executive director to pursue other business interests.
Scotgold non-executive chairman Nat Le Roux, said: “Richard has overseen a transformation at Scotgold from explorer to developer and ultimately the current ramp-up to a production company, following first gold pour at Cononish on 30 November 2020.
“Thanks to his stewardship and service, Cononish will be Scotland’s first commercial gold mine and with this in mind, the board would like to take this opportunity to publicly thank Richard for the critical contribution he has made and we are delighted to have him remain on the board as a non-executive director.
“We also want to give thanks to Chris for his longstanding service to the company and in particular his constructive input through the company’s recapitalisation in 2014.
“Chris’ long history with Cononish has been a cornerstone in our development.”