Baru Mining Corp. appoints Mining Executive to Board of Directors – Global Mining Review



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Baru Gold Corp has announced the appointment of John J. Ellis to the company’s the Board of Directors.

Ellis is a mining executive and engineer with significant experience in operations, opencast, start-up management and capital markets over the last 50 years.

From 1980’s he was Senior Vice President for Inspiration Mining Corp. North American which produced over 3 million tpy of coal in the US and served as Vice Chairman of Hudson Bay Mining & Smelting Group, looking after operations. By 1989 to 1994, Ellis would become Managing Director for Wester Gold Exploration & Mining (Inspiration Mining) and looked after all of the groups’ opencast, underground operations, mills, for gold/zinc/copper through to sales.

In the late 90’s he was tasked to become Chairman and CEO of Anglo Gold North America, setting up Anglo’s gold mining ventures in Americas responsible for gold exploration, acquisition, and operation of projects in the US, Canada, and Mexico. He has also provided guidance to Inco in Indonesia early 2000’s for a large nickel laterarte mine producing 160 million lbs/y of Nickel.

He is currently serving as a member of the Board of Directors for Hycroft Mining Corp. (formerly Allied Nevada Gold) and Jaguar Mining Inc, two mid-size gold producers in the Americas. Previously, he has served as a director for International Tower Hills Mines, Queenstake Resources, Cashman Equipment, and also Sunshine Silver Mines. He’s been a consultant for several large scale multi-national mining groups including CRVD-Inco, BHP Biliton, AngloGold Ashanti and Anglo American.

Ellis is a Professional Mining Engineer licensed in British Columbia, Canada.

President and CEO of Baru Gold, Terry Filbert, commented: “John brings to Baru Gold decades of operational and capital market guidance. Having access to his leadership and understanding in mining engineering from the grounds up through to sales, expansion financing and beyond will be instrumental in Sangihe’s success. As former CEO of Anglo Gold and local knowledge in Indonesia, we expect him to elevate Baru Gold’s operational excellence and perception in the capital markets as we advance towards production in 2021.”

The company has also announced that it has granted an aggregate amount of 500 000 stock options to Ellis in accordance with the provisions of the company’s stock option plan. The grant of the options is subject to the approval of the TSX Venture Exchange. Each option entitles the holder to purchase one common share of the company at an exercise price of CAN$0.12 for a 5-year period.

Alan McMillan is stepping down from the Board at this time due to other commitments. Alan has been a director of the company since March 2017 and has supported the company and management while it transitioned to its current phase of the company’s life cycle. The Board of Directors wish to express their thanks to McMillan for his service to the company.

 

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Yamana Gold Inc. has reported its financial and operational results for 4Q20 and full year 2020.

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