1 Jun 2015 07:00
Patagonia Gold Plc
("Patagonia Gold" or the "Company")
William Humphries Retires as Executive Director
Patagonia Gold announces that William H. Humphries (Bill) is retiring from the board of the Company. As a result, Bill will not stand for re-election at the forthcoming Annual General Meeting and the resolution proposing his re-election will be withdrawn at that meeting.
Bill has 50 years' experience in the mining and civil engineering industries and has been the Managing Director and Chief Executive Officer of the Company since inception until stepping down in April of this year.
Commenting on this announcement, Carlos Miguens, PGD´s Chairman said:
"I would like to express my sincerest appreciation for over a decade of Bill´s leadership in Patagonia Gold. In his role as Managing Director and CEO, his guidance, knowledge and support were critical in developing the company we have today. I have the privilege of considering Bill a friend and truly hope that he enjoys a prosperous future together with his family. All the team in Patagonia Gold will miss his presence and wishes all the best to Bill in his future personal and professional endeavors."
Bill Humphries added:
"I am very proud of what we have achieved since inception and consider myself privileged to have worked with some of the best people in the mining industry.I believe that the Company has strong fundamentals, sound management and excellent prospects for the future."
It is intended that additional appointments will be made to the Board over the coming months. Further announcements will be made as appropriate.
Ends
About Patagonia Gold
Patagonia Gold Plc is a mining company that seeks to grow shareholder value through exploration, development and production of gold and silver projects in the southern Patagonia region of Argentina. The Company is primarily focused on three projects: the flagship Cap-Oeste/COSE project, the La Manchuria project and the Lomada heap leach project, which is generating free cash flow. Patagonia Gold, indirectly through its subsidiaries or under option agreements, has mineral rights to over 220 properties in several provinces of Argentina and Chile, and is one of the largest landholders in the province of Santa Cruz.
Contact Information
Bill HumphriesPatagonia Gold PlcTel: +44 (0)20 7409 7444
Christopher van Tienhoven
Patagonia Gold S.A.
+54 911 5278 6950
Angela Hallett/James SpinneyStrand Hanson LimitedTel: +44 (0)20 7409 3494
Jeremy Stephenson/Stewart DicksonCantor Fitzgerald EuropeTel: +44 (0)20 7894 7000
David Bick / Mark LongsonSquare 1 Consulting+44 (0)20 7929 5599