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SolGold CEO to retire after shareholder pressure
SolGold executive director Nick Mather. Credit: SolGold via YouTube.
SolGold announced on Tuesday that Nick Mather would step down as CEO, after 13 years at the helm of the company.
His resignation comes a month after Mather was handed a strong rebuke at the company’s annual meeting, when nearly half (44.7%) of shareholders voted against his reappointment to the board.
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Solgold, backed by BHP and Newcrest , has sparred with two of its largest shareholders over funding for its mammoth Ecuador copper-gold project.
Mather will step down effective 31 March 2021
SolGold’s Nick Mather faces shareholder anger at AGM
Nicholas Mather, CEO of SolGold, accepts The Northern Miner s Mining Person of the Year award for 2018 on May 21, 2019, at The Northern Miner s Canadian Mining Symposium held at Canada House in London, United Kingdom. Photo Credit: Martina Lang. www.martinalang.co.uk
Two years ago The Northern Miner named Nick Mather, president and CEO of Australian junior
SolGold (TSX: SOLG; LSE: SOLG), as its Mining Man of the Year for his role as the driving force behind the world-class Alpala gold-copper deposit at its Cascabel project in Imbabura province in northern Ecuador. The company has attracted major companies as shareholders, including