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Mick Wilkes resigns as chief executive of OceanaGold

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(Kitco News) - Mick Wilkes is resigning as president and chief executive officer of OceanaGold Corp. (TSX, ASX: OGC), as well as his position on the board of directors, for personal reasons, effective Wednesday, the company announced.

Michael Holmes, who had been chief operating officer, is taking over as acting president and CEO. He was also appointed to the board.

The company said it will launch a search for a permanent president and CEO, with Holmes invited to take part in the process.

Wilkes joined OceanaGold in 2010 and led a transformation in which the company grew from a single asset in New Zealand to a mid-tier gold producer with four mines. He helped develop the Didipio gold-copper mine in the Philippines, which began commercial production in 2013. In 2015, the company acquired both the Waihi gold mine in New Zealand and Romarco Minerals, Inc., which meant the addition of the Martha project in New Zealand and Haile gold mine in South Carolina. Haile went into commercial production in 2017, and the company has been encouraged by exploration at Waihi.

Ian Reid, chair of the OceanaGold, cited Wilkes’ “significant contribution and dedication to the company over the last 10 years.” He also called Holmes an experienced mining executive, adding that he has been with OceanaGold for seven years, and said that the company will be in “good hands.”

“He has a deep understanding of OceanaGold’s business and is highly respected within the organization and well regarded throughout the industry,” Reid added.

For full-year 2019, OceanaGold reported consolidated production of 470,601 ounces of gold and 10,255 tonnes of copper.

Wilkes said OceanaGold “has grown from a junior-mining company to a high-margin, multinational business that is highly regarded for its operating capability in the gold sector, and has a strong future through its world-class assets.”

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