International Tower Hill appoints new CFO

Vancouver-based gold company International Tower Hill Mines (CVE:ITH) reported Wednesday it has appointed Tom Yip as its new CFO.

Yip, who starts on September 7, holds more than 25 years of experience in all facets of financial management, including strategic planning, mergers and acquisitions, as well as reporting and risk management for both private and publicly-traded resource companies. 

He started his career in the mining sector with Echo Bay Mines, where he worked for 20 years holding various financial roles. 

Most recently, he served as the CFO for Silver Standard Resources (TSE:SSO), a Canadian mining company with a substantial portfolio of silver properties in the Americas. Prior to this, from 2006 to 2007, he was the CFO for Asarco, a copper mining, smelting and refining company. 

"I am very pleased to welcome Tom to the executive team," said CEO of International Tower Hill, James Komadina. 

"His diverse and extensive experience in financial management with major global mining and resource companies will further strengthen our team as we advance the Livengood project through development into a major gold mine in North America." 

Yip succeeds Michael Kinley, who will remain with the company as a consultant through a transition period, before leaving to pursue other opportunities.

International Tower controls 100% of the 145 square kilometre Livengood land package, which is made up of fee land leased from the Alaska Mental Health Trust, as well as a number of smaller private mineral leases and 115 Alaska state mining claims.