THE BOURSE WHISPERER: Kin Mining (ASX: KIN) announced the appointment of Jeremy Kirkwood to the company Board as independent non-executive chairman.
Once the music had stopped, Kin revealed current chairman Trevor Dixon, is to become interim managing director while the company looks to appoint a suitably qualified applicant for the role full-time.
After that has been accomplished Dixon will remain on the Board as a non-executive director.
Kin mining said Kirkwood’s appointment adds strength to the Board as the company moves towards production at its 100 per cent-owned Leonora gold project (LGP) located in the North-Eastern goldfields of Western Australia.
Kirkwood brings to the table extensive experience in corporate strategy, investment banking and global capital markets.
He is currently a principal of Pilot Advisory Group and non-executive chairman of Talisman Mining.
Previous roles include managing director at Credit Suisse, Morgan Stanley and Austock.
“I am pleased to join the Kin Board and honoured to be appointed chairman by my colleagues,” Kirkwood said in the company’s announcement to the Australian Securities Exchange.
“I believe the company has an exciting future with excellent assets, a near term, strongly cash generative project and strong growth prospects.
“The Board’s immediate focus is to develop the Leonora gold project, appoint a new managing director and generate shareholder value.”
Kin advised that David Sproule has resigned as a director of the company effective immediately.