Triple-listed Oceana Gold has appointed a new chief executive, following the resignation of Steve Orr more than five months ago.
Australian-based metallurgist Paul Bibby was formerly chief development officer with Belgian-listed multimetal producer Nyrstar in London, mainly producing zinc and lead, but also precious metals, including gold.
Mr Bibby, who also worked with mining giant Rio Tinto for 23 years in a range of operating and business development roles, will start immediately with Oceana at its Melbourne office.
Mr Orr was chief executive for five years, overseeing its expansion into open pit mining in Reefton and also its cash-less merger to take over development of a gold/copper mine in the northern Philippines; which has since stalled and been mothballed because of a lack of funding.
Strong third-quarter results last week prompted Oceana to revise its full-year production estimates to 303,000oz, which will be a record year for the 19-year-old company.
Oceana's interim chief executive for the past few months, Marcus Engelbrecht, will resume his usual duties as chief financial officer.
Oceana chairman Jim Askew said in a market statement yesterday: "The immediate objective of substantially increasing mine reserves to underpin the long-term future of the business is already well in hand and will provide the platform for future growth".
