Chesapeake Gold Corp. today is announcing that the Company’s President and Chief Executive Officer, Alan Pangbourne will be stepping down from his role at the Company effective 1st November 2023 for personal reasons. Mr. Pangbourne will continue to support Chesapeake as President and CEO in the coming months to ensure a smooth transition.
“We’ve drilled an additional 100 holes in the Main zone at Los Ricos South since our initial July 2020 Mineral Resource Estimate and we believe they are proving to be quite impactful on our upcoming updated Resource and Preliminary Economic Assessment,” said Brad Langille, President and CEO. “Our team is diligently working to complete the studies expected to release before end of summer.”
Tony Makuch, CEO, states: “The reserve expansion and definition component of our Feasibility Study drill program at our Cordero project is now complete. In total we have added approximately 35,000 m of drilling in over 100 drill holes since the cut-off for the Pre-Feasibility Study resulting in a comprehensive drill dataset supporting the Feasibility Study of approximately 310,000 m in close to 800 drill holes.”
“We are excited to report that construction at our flagship Mantoverde Development Project (“MVDP”) remains on-time and on-budget ahead of our ramp-up commencing by year-end. Furthermore, despite a challenging start to the year, we expect our operational performance to improve in H2,” commented John MacKenzie, Chief Executive Officer.
Greg Smith, President and CEO of Equinox Gold, commented: “Following a solid second quarter, Equinox Gold delivered its strongest first half of the year on record, producing 260,408 ounces of gold and generating $506 million of revenue and $128 million of adjusted EBITDA. We remain well positioned to achieve 2023 production and cost guidance.”
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