EMC Gold Appoints Agne Ahlenius as Chief Executive; Shares Plunge 16%

MT Newswires Live

Jul 03

EMC Gold (ASX: EM3) appointed Agne Ahlenius as chief executive, effective July 6, reflecting the company's transition to a Spain-focused gold development company, according to a Monday Australian bourse filing.

The company said Ahlenius has held senior executive positions at a number of significant Spanish mining operations and projects, including Saloro, Kinbauri España, Matsa, and Tungsten San Juan, the filing added.

Current Executive Chairman Dominic Roberts will transition to non-executive director following the commencement of Ahlenius as chief executive officer, while Alberto Lavandeira has been appointed non-executive chairman, reflecting his extensive experience in the Spanish mining sector and longstanding involvement with the Salave Gold Project, it added.

The company's shares fell almost 16% in recent Monday trade.

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