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Coeur Announces Appointment of Exploration Leadership Successor
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
management
Rhea-AI Summary
Coeur Mining, Inc. (NYSE: CDE) announces the appointment of Aoife McGrath as Senior Vice President of Exploration, effective next month. She takes over from Hans Rasmussen, who is set to retire after a successful tenure. McGrath brings over 20 years of experience in exploration, having previously served as Vice President of Exploration for Barrick Gold Corp.. CEO Mitchell J. Krebs emphasizes her leadership in global exploration projects, aligning with Coeur's strategy for precious metals assets. The appointment aims to enhance exploration initiatives amid a promising project pipeline.
Positive
Appointment of Aoife McGrath as Senior Vice President of Exploration expected to strengthen leadership.
McGrath's extensive experience in mining and exploration aligns with the company's growth strategy.
Continued pursuit of a balanced portfolio of precious metals assets in North America.
Negative
Hans Rasmussen's retirement may create short-term leadership continuity concerns.
CHICAGO--(BUSINESS WIRE)--
Coeur Mining, Inc. (“Coeur” or the “Company”) (NYSE: CDE) today announced Aoife McGrath will join the Company as Senior Vice President of Exploration, effective next month. Ms. McGrath will assume leadership of Coeur’s exploration efforts from Hans Rasmussen, who plans to retire as previously announced.
“Aoife is an accomplished leader and we are excited to welcome her to Coeur as our new Senior Vice President of Exploration,” said Mitchell J. Krebs, President and Chief Executive Officer. “Aoife’s experience in leading global exploration projects as well as her corporate development and capital markets knowledge makes her an excellent addition to our executive team. We look forward to her leadership across our exploration initiatives, especially with the large pipeline of opportunities the Company has in the coming years. Aoife will lead a strong exploration team as we continue to pursue our strategy of discovering, developing and operating a balanced portfolio of precious metals assets in North America.”
Most recently, Ms. McGrath served as Vice President of Exploration for the Africa and Middle East region at Barrick Gold Corp. and has over 20 years of experience in various exploration and leadership roles in the metals and mining industry. Ms. McGrath has a proven track record of exploration discoveries, strategic initiatives and business transformation.
Mr. Krebs added, “We would like to thank Hans for all of the great work he has done for the Company since joining in 2013. Hans has been instrumental in leading the exploration efforts across Coeur, most recently leading the largest exploration investment in Company history in 2021 and has served as a valuable member of the executive team."
About Aoife McGrath:
Ms. McGrath has over 20 years of mining industry experience, spanning all stages of exploration from greenfield works to continental-scale exploration programs. Most recently, Ms. McGrath served as Vice President Exploration, Africa and Middle East at Barrick Gold Corp. Prior to that time, she served as head of Exploration and Geology for Beadell Resources Limited as well as serving in various roles at Alamos Gold Inc., including Director, Exploration and Corporate Development and Vice President, Exploration. She holds a Master of Science in Mineral Exploration from the University of Leicester as well as a Master of Science in Engineering Geology from the Imperial College London.
About Coeur
Coeur Mining, Inc. is a U.S.-based, well-diversified, growing precious metals producer with four wholly-owned operations: the Palmarejo gold-silver complex in Mexico, the Rochester silver-gold mine in Nevada, the Kensington gold mine in Alaska and the Wharf gold mine in South Dakota. In addition, The Company wholly-owns the Silvertip silver-zinc-lead development project in British Columbia and has interests in several precious metals exploration projects throughout North America.
Coeur Mining, Inc. Jeff Wilhoit, Director, Investor Relations
(312) 489-5800
www.coeur.com
Source: Coeur Mining, Inc.
FAQ
Who is Aoife McGrath and what is her role in Coeur Mining?
Aoife McGrath is the newly appointed Senior Vice President of Exploration at Coeur Mining, effective next month, taking over from Hans Rasmussen.
What experience does Aoife McGrath bring to Coeur Mining?
Aoife McGrath has over 20 years of experience in the mining industry, previously serving as Vice President of Exploration at Barrick Gold Corp. and holding various leadership roles.
What does the leadership change mean for Coeur Mining's exploration strategy?
The leadership change aims to enhance Coeur Mining's exploration initiatives, leveraging McGrath's expertise to capitalize on upcoming opportunities in precious metals.
Who is replacing Hans Rasmussen at Coeur Mining?
Aoife McGrath will replace Hans Rasmussen as Senior Vice President of Exploration at Coeur Mining.
