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Detour Gold hires CEO

Mick McMullen will take over position on May 1

Detour Gold has appointed Michael (Mick) McMullen as its new chief executive officer (CEO).

McMullen has more than 25 years of experience in the mining industry, serving in a variety of roles.

Since 2018, he has been a senior advisor to Black Mountain LLC, a private company engaged in identifying and capturing high-growth opportunities within the natural resource space.

He has served as CEO and a director of Stillwater Mining Company from 2013 to 2017, and a principal at MRI Advisory AG, a private company focusing on the development of metal and minerals projects in the Americas, Europe and Africa.

"I am excited to be joining the company and look forward to working with the team to continue to build a leading mid-tier gold producer with a strong safety culture and cost performance,” McMullen said in an April 1 news release.

“The company has a unique asset with a long mine life in a low-risk jurisdiction that has the potential to deliver significant value to shareholders. I look forward to engaging with the company's stakeholders to provide our vision for the way forward for the company."

Interim CEO Bill Williams, who had been serving in that role since January, will remain on the board as a director.

Detour Gold started its search for a new CEO in December, when shareholders voted to replace more than half of the former board members, and the company’s interim CEO, Michael Kenyon, resigned.

Detour Gold operates the Detour Lake gold mine, located within the Abitibi Greenstone Belt, 300 kilometres northeast of Timmins. Gold production started in February, 2013.

The operation has a mine life of approximately 23 years with an average gold production of 659,000 ounces per year, and includes the development of the West Detour project, which is currently being permitted.