Tuesday, 14 August 2012

Sacre-Coeur Minerals appoints new CFO

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 running water.
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 concessions.
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.

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