Junior gold miner Sacre-Coeur Minerals (CVE:SCM) has heralded in a new chief financial officer with the appointment of Jennifer Todhunter.
The role was previously held by Mark Lotz, but Lotz resigned as CFO
and director to pursue professional interests, including developing his
own accounting practice.
Of late, Todhunter served as the company’s vice president of
financial administration and corporate secretary. Prior to this, she
served as finance manager.
Todhunter brings both accounting and finance experience, having spent
13 years working with public companies in the mining sector.
Earlier this month, the gold miner announced that it produced and
sold 756.6 troy ounces of the yellow metal from its alluvial mining
program this year so far.
Alluvial gold can be found in soil and sediment deposits. These
deposits are usually found around rivers, streams, or any other sort of
Its production reflects the output from 28 calendar weeks of
operation, as work did not resume after a year-end shut down until the
week of January 22, the company said.
The company noted alluvial operations continue to improve
significantly. For the month of July, it had produced 233.6 troy ounces
gold, and sold with an operating availability of 64 per cent.
Last month, Guyana-focused Sacre-Coeur Minerals struck a deal with Riverside Resources (CVE:RRI) to sell a core drill. Financial terms of the deal were not disclosed.
The drill, which is one of three, has been in storage. The company
can opt to buy the drill back, and can also act as an agent to sell the
drill to a third party.
Sacre-Coeur is a junior miner focused on gold properties in Guyana.
It holds a 100 per cent stake in 978 square kilometres of mineral
It is now exploring for hard-rock gold resources along the 20 km
Million Mountain structural trend that includes the Million Mountain
Zone 1, with 451,000 troy ounces of gold.