Shantel
Key Takeaways:
- Karora Resources Inc. announces the addition of Tony Makuch to the Board of Directors and his appointment as the Chair of the Board Technical Committee.
- Derek Humphry joins Karora Resources as the Chief Financial Officer (CFO) following the retirement of Barry Dahl.
- These strategic appointments are poised to bolster Karora’s growth trajectory and enhance its financial and operational expertise.
About Karora Resources:
Karora Resources Inc. (TSX: KRR) (OTCQX: KRRGF), based in Toronto, continues its pursuit of excellence in the mining sector. The company operates with a focus on gold production, boasting a portfolio that includes the integrated Beta Hunt Gold Mine and Higginsville Gold Operations (“HGO”) in Western Australia. The Higginsville treatment facility, fed by Karora’s underground Beta Hunt mine and Higginsville mines, is a low-cost 1.6 Mtpa processing plant. In alignment with responsible mining practices, Karora is dedicated to reducing emissions across its operations, demonstrating its commitment to both shareholder value and sustainability.
Elevating Expertise: Tony Makuch and Derek Humphry’s Appointments:
Karora Resources is excited to welcome Tony Makuch to its Board of Directors and appoint him as the new Chair of the Board Technical Committee. Makuch, who had previously served as a Special Advisor to the Corporation since May 2022, brings a wealth of experience and insight to the position. His willingness to expand his role within Karora is a testament to his belief in the company’s growth trajectory. As the former CEO of Kirkland Lake Gold, Makuch brings a successful 35+ year career in mining, complemented by his experience leading Kirkland Lake Gold as CEO from 2016 until its merger with Agnico in early 2022.
Derek Humphry steps into the role of Chief Financial Officer, succeeding Barry Dahl. With over 20 years of experience in the mining industry across TSX and ASX listed companies, Humphry’s expertise spans both gold and nickel production sectors. His wealth of knowledge is expected to be a valuable asset to Karora Resources as the company continues its journey of growth and development.
Leadership’s Perspective: Enhancing Growth and Performance:
Paul Andre Huet, Chairman & CEO of Karora Resources, expresses his excitement about these appointments. He notes, “Tony’s technical input over the past year has been immensely valuable as we have executed on our growth plan in Australia, evolving into a much larger gold producer. We welcome his experience and the benefit of the knowledge he brings from his extremely successful 35+ year career in mining.” Speaking about Derek Humphry’s appointment, Huet emphasizes the CFO’s role in the company’s growth, “Derek is a great addition for us, bringing 20+ years of experience and mining expertise across TSX and ASX listed companies including both gold and nickel producers – a unique quality which directly translates to our growing operations.”
Huet also pays tribute to Barry Dahl, Karora’s former CFO, who is retiring after playing a crucial role in the company’s financial leadership during a period of extraordinary growth and transformation.
Karora’s Forward-Looking Mission:
Karora Resources aims to increase gold production to a targeted range of 170,000-195,000 ounces by 2024, centered around its integrated Beta Hunt Gold Mine and Higginsville Gold Operations in Western Australia. The company’s focus on delivering shareholder value, responsible mining practices, and commitment to sustainability is highlighted by its efforts to reduce emissions across its operations.
Conclusion: Shaping a Bright Future:
The appointments of Tony Makuch and Derek Humphry signal a new phase of growth and expertise for Karora Resources. As the company continues to steer its operations towards enhanced performance, shareholder value, and responsible mining practices, these strategic additions to the leadership team are poised to shape a promising future for the corporation. With their extensive industry experience and knowledge, Makuch and Humphry’s roles are bound to play a pivotal role in Karora’s journey towards sustained success.
For more information about Karora Resources Inc. and its commitment to excellence, visit www.karoraresources.com.
