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- Tietto Minerals (TIE) appoints Matt Wilcox as its Managing Director and CEO
- The news follows the retirement of Dr Caigen Wang, who founded the company more than 13 years ago, leading it to become Africa’s newest gold producer
- Mr Wilcox moves into his new role having served as TIE’s COO, where he led the on-time and below-budget construction and commissioning of the Abujar gold mine
- The company announced Mr Wilcox will receive remuneration of $625,000 per year, exclusive of superannuation
- Shares in TIE are down 1.98 per cent, trading at 49.5 cents at 11:00 am AEST
Tietto Minerals (TIE) has appointed Matt Wilcox as its Managing Director and CEO, effective immediately.
The news follows the retirement of Dr Caigen Wang, who founded the company more than 13 years ago and led it to become Africa’s newest gold producer.
Tietto announced Mr Wilcox would move into the new role from his existing position as Chief Operating Officer and Executive Director.
TIE Chair Francis Harper said the company was “delighted” with the newest appointment.
“Prior to joining Tietto in 2021, Matt and his operating team were responsible for constructing multiple large-scale carbon-in-leach (CIL) and heap leach gold mines in a variety of jurisdictions over a 20-year period,” he said.
“As Abujar comes into full production in Q3 2023, Matt and the management team will also progress the APG heap leach feasibility study towards a decision point by end-2023.”
Tietto commenced gold production at its Abujar mine in Côte d’Ivoire in January. The company reported Mr Wilcox played a leading role in delivering the on-time and below-budget construction and commissioning of the mine.
The company has forecasted a 2H CY23 gold production guidance of 105,000 to 120,000 ounces of gold at US$875 (A$1339) to US$975 per ounce all-in sustaining costs (AISC) from the mine.
As Mr Wilcox moves into his new role, his remuneration is set for $625,000 per annum, exclusive of superannuation.
Shares in TIE were down 1.98 per cent, trading at 49.5 cents at 11:00 am AEST.
