Luna Gold Makes Changes to Senior Management Team

Published: August 16, 2016 |

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Christian Milau
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David Laing
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Luna Gold Corp. has made changes in the senior leadership of the company as it prepares to focus on finalizing feasibility studies, project construction, financing and growth.

The new Luna senior management team includes:

• Christian Milau, CEO and director — previously CEO and director of True Gold Mining Inc., CFO of Endeavour Mining Corp., treasurer of New Gold Inc. and VP corporate finance at BNP Paribas and Deloitte

• David Laing, COO and director — previously COO of True Gold, COO of Quintana Resources Capital, EVP of Endeavour Mining, SVP of Endeavour Financial, president of MRDI USA and also roles at Billiton and Bema Gold Corp.

• Peter Hardie, CFO — previously CFO of True Gold and VP finance and CFO of Nevsun Resources Ltd.

• Scott Heffernan, EVP exploration — previously VP exploration of True Gold, VP exploration of Wealth Minerals Ltd. and exploration manager (Argentina) of Cardero Resource Corporation

• Sebastian D’Amici, SVP finance — previously VP finance of True Gold, and also senior finance and accounting roles with CHC Helicopters, Clarus Securities and PricewaterhouseCoopers

The new leadership team successfully brought True Gold’s Karma Mine into production in early 2016. The team’s focus was on a successful construction and ramp-up of the Karma Mine in Burkina Faso and the creation of shareholder value, taking the market value of True Gold from approximately C$70 million to over C$300 million at the time of the sale of True Gold to Endeavour Mining in April 2016. Furthermore, Christian and David were original executives as Endeavour Mining became a gold mining company and grew from 80,000 ounces of production to over 500,000 ounces per year. During this period they were instrumental in completing feasibility studies, mine construction, government and community negotiations and relations, financing, acquisitions and integrations of various mines and companies in West Africa.

“I would like to thank the senior management team for their hard work during challenging times. Marc, Martin and Brad have done an excellent job in stabilizing the company and placing the Aurizona Gold Mine on care and maintenance in 2015 while continuing to explore and prepare the mine for expansion and a potential restart in 2018. Their commitment to the project and to its local communities, their technical excellence and strong financial stewardship of the company over the past 18 months has positioned Luna very well for this exciting next stage. I would also like to welcome the new team, who have recently taken a construction project that was on hold through to successful production and an ultimate sale to a mid-tier acquirer within the span of 14 months. We look forward to their energy and focus to return Aurizona to production in the next couple of years,” said Steve Krause, chairman of Luna Gold.

“We are very excited to be joining Luna at this time, as the company has been working hard to position itself for a re-start of the Aurizona Gold Mine in Brazil in a couple of years. The new team has a broad range of skills and significant experience operating in challenging situations and is keen to begin advancing Aurizona through its return to production. The team will be investing directly alongside a core group of technically focused shareholders, including Pacific Road and Sandstorm Gold Ltd., who are committed to a successful restart and operation of Aurizona and have shown unwavering support during challenging times,” said Christian Milau, chief executive officer of Luna Gold.

“We are pleased to be joining Luna and are excited about the upside potential at Aurizona. We are impressed with the work done over the last year and look forward to building on it with the aim of unlocking the project’s potential. The geology has many similarities to the gold-rich West African greenstone belts with excellent potential for new discoveries and an extended mine life, as demonstrated by AngloGold Ashanti’s recent joint venture with Luna on the property around the Aurizona exploitation permits. We look forward to getting the technical report completed shortly and the mine back in to production,” said David Laing, chief operating officer of Luna Gold.

About Luna Gold
Luna is engaged in the exploration and redevelopment of its past producing Aurizona Gold Mine, which was placed on care and maintenance in 2015. The company expects to publish a National Instrument 43-101 compliant technical report for the Aurizona Gold Mine in 2016.

To stop by Luna Gold’s website, CLICK HERE

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