ECR Minerals shares were up 6.9% to 1.5p in early afternoon trading on Tuesday after the company announced its appointment of Andrew Haythorpe as Chief Executive Officer.
Haythorpe is reportedly scheduled to join the Australia-focused gold mining firm as a non-board CEO before taking on the position of executive director in six months time, pending shareholder approval.
ECR Minerals highlighted Haythorpe’s 30 years of experience in managing listed gold miners and explorers on the Australian Securities Exchange (ASX) and Toronto Stock Exchange (TSX), alongside his career as a mining analyst and hands-on gold exploration work as a geologist.
He is currently working as the managing director of GoldOz Limited.
“I am delighted ECR has attracted a CEO of Andrew’s calibre,” said ECR Minerals chairman David Tang.
“With more than 30 years of experience as a managing director and chairman of junior and mid-tier gold explorers and producers, he’ll be an exceptional addition to our team.”
His previous positions include managing director of Crescent Gold Limited, which spiked from a market capitalisation of $8 million to $250 million within four years under his leadership.
“Andrew built Crescent Gold from an $8 million explorer into a $250 million gold producer. He clearly sees the potential within the ECR portfolio,” said Tang.
Haythorpe also worked as the managing director of ASX-listed gold producer Michelago Resources.
He has further been listed as the 12th best gold analyst at Hartley Poynton over his tenure as an international leader in the industrial minerals sector.
Non-executive director Adam Jones added: I’m thrilled to welcome Andrew, a fellow geologist, to ECR.
“Being based initially in Australia he’ll be working closely with me and the field team in Victoria and Queensland, to ensure the exciting developments we are working on are progressed as quickly as possible. We look forward to providing more updates in due course.”