- Bardoc Gold (BDC) CEO Robert Ryan is stepping aside from his role, as the company continues to carry out a strategic review
- BDC says Mr Ryan’s resignation is a result of a mutual agreement between him and the Board, with Founding Director Neil Biddle to step in as CEO
- The materials stock began reviewing operations amid higher costs, tightening labour markets and the effects of COVID-19
- Bardoc has already decided it will delay making a Final Investment Decision on it Bardoc Gold Operations near Kalgoorlie, Western Australia
- Shares in BDC are up 13 per cent at 5.2 cents per share at 12:11 pm AEST
Bardoc Gold (BDC) CEO Robert Ryan is stepping aside from his role as the company continues to carry out a strategic review.
The business announced the resignation on Friday, stating it was a mutual decision between the BDC Board and Mr Ryan.
Founding Director Neil Biddle will step into an interim Executive Director role and take over the day-to-day running of the business.
Bardoc has been carrying out a review of operations amid higher costs, tightening labour markets and the effects of COVID-19.
As a result of those factors, the materials stock has decided it will delay making a Final Investment Decision on the asset near Kalgoorlie, Western Australia.
Commenting on the departure, Mr Biddle said he’d been with the company for two years and helped bring its gold project to its final stages before production began.
“Rob is a high-calibre individual who has done a fantastic job in advancing the Bardoc Gold Project to this point,” Mr Biddle said.
“His hard work, dedication and resolve can not be doubted, and the huge effort he has put in on behalf of Bardoc shareholders over the past two years is greatly appreciated by everyone in the company.
“However, it became apparent that Rob’s core skills of building and operating projects do not fit with our current direction, and we are pleased to have reached agreement with him to part company on amicable terms.”
Shares in BDC were up 13 per cent at 5.2 cents per share at 12:11 pm AEST.