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Matheson mine builder looks for new boss

Moneta Gold looks for new CEO as Gary O’Connor departs
Gary O'Connor, outgoing CEO of Moneta Gold (TimminsToday photo)

Gary O'Connor is stepping down as CEO of Moneta Gold as of July 1.

The search is on for his successor.  Josef Vejvoda, chair of the board, will fill in as interim CEO.

A June 21 Moneta news release said Vejvoda, a special advisor to K2 & Associates Investment Management, has more than 25 years of experience in capital markets, holding senior management roles at Merrill Lynch Canada, National Bank Financial, and TD Securities. He has served on numerous public company boards.

"Gary O'Connor's unique skill set has helped Moneta grow the company's resource estimate significantly during his six- year tenure,” said Vejvoda in a statement. “I would like to personally thank Gary for his dedication and geological insights. We wish Gary all the best as Moneta transitions to the next phase of the company's progression towards becoming a gold producer in the coming years.”

Moneta’s flagship project is Tower Gold, east of Timmins in the Matheson area. The proposed open and underground mine holds an estimated gold mineral resource of 4.6 million ounces of indicated gold , 8.3 million ounces of inferred gold and is forecasted to have a 24-year mine life. Exploration to expand the deposit continues.