Detour Gold Announces Appointment of New Chief Financial Officer

DGC.TO) (“Detour Gold” or the “Firm”) is happy to announce the appointment of Jaco Crouse to the place of Chief Monetary Officer, efficient June 24, 2019 .” data-reactid=”11″>TORONTO , Could 21, 2019 /CNW/ – Detour Gold Company (DGC.TO) (“Detour Gold” or the “Firm”) is happy to announce the appointment of Jaco Crouse to the place of Chief Monetary Officer, efficient June 24, 2019 .

Detour Gold (CNW Group/Detour Gold)

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Mr. Crouse is a seasoned monetary skilled with over 16 years of expertise in monetary administration and reporting, mine monetary planning, enterprise optimization and technique growth. Most lately, he was Vice President Finance and Chief Monetary Officer of Triple Flag Mining Finance Ltd. (“Triple Flag”), a Toronto -based personal metallic streaming enterprise.  Whereas at Triple Flag, he was liable for the event and implementation of all finance and reporting techniques, arranging a US$200 million revolving credit score facility with a US$100 million accordion function, and a part of the workforce that dedicated near US$1 billion in royalty and streaming transactions. Previous to becoming a member of Triple Flag, he served as Vice President Enterprise Planning and Optimization at Barrick Gold Company the place he co-led a capital allocation self-discipline coverage to ship free money circulation enhancements from underperforming belongings throughout a interval of low gold costs.

Mr. Crouse began his profession in mining in 2002 by becoming a member of Xstrata Alloys, the world’s largest ferrochrome producer, and went on to affix Xstrata Nickel in 2007 (publish the acquisition of Falconbridge ) to combine and optimize the nickel enterprise unit, throughout which period he labored extensively within the Canadian enterprise unit of Xstrata Nickel. He additionally fulfilled the position of Asset Supervisor at Glencore following its merger with Xstrata in 2013 and was liable for integrating their nickel advertising and marketing places of work.  Mr. Crouse is a Chartered Skilled Accountant ( Ontario ), a Chartered Accountant ( South Africa ), and a licensed Monetary Danger Supervisor (FRM) with a Bachelor Computationis (Honours) from the College of South Africa .

Mick McMullen , President and CEO of the Firm, mentioned, “We’re very happy to welcome Jaco Crouse as our new CFO. His international experience in addition to Canadian particular expertise in strategic monetary operations will play a significant position in delivering effectivity beneficial properties as we embark on operating Detour Gold as a worthwhile enterprise. He has a powerful enterprise enchancment background, which is precisely what Detour requires proper now, and I really feel assured that he’ll present sturdy management inside the finance workforce to drive efficiencies.”

th Flooring) of Vantage Venues at 150 King Avenue West in Toronto, Ontario .” data-reactid=”36″>Detour Gold’s Annual and Particular Assembly of Shareholders might be held on June 5, 2019 at 2:00 PM E.T. within the St. Andrew’s Lounge (27th Flooring) of Vantage Venues at 150 King Avenue West in Toronto, Ontario .

Detour Gold is a mid-tier gold producer in Canada that holds a 100% curiosity within the Detour Lake mine, an extended life large-scale open pit operation. Detour Gold’s shares commerce on the Toronto Inventory Alternate below the buying and selling image DGC.

For additional data, please contact:

Mick McMullen, President & CEO        

Laurie Gaborit, VP Investor Relations

Tel: 416-304-0800                                 

Tel: 416-304-0581

Detour Gold Company, Commerce Court docket West, 199 Bay Avenue, Suite 4100, P.O. Field 121, Toronto, Ontario M5L 1E

SOURCE Detour Gold

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