Austral Gold Appoints Wayne Hubert as Executive Chairman and Strengthens Exploration Team
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Austral Gold Limited has appointed Wayne Hubert as executive chairman of the board and the appointment of Raúl Guerra as corporate VP of Exploration. Current chairman, Eduardo Elsztain, remains on the board as non-executive vice chairman.
Wayne Hubert is a mining executive with more than 20 years’ experience working in the South American resources sector. From 2006 until 2010, he was the chief executive officer of Andean Resources Limited and led the team that increased Andean’s value from $70 million to $3.5 billion in four years. Andean discovered and was developing the world-class silver and gold mine, Cerro Negro, in Argentina with a resource of over 5 million ounces of gold when it was acquired by Goldcorp Inc. of Canada.
Raúl Guerra brings more than 30 years of precious metal exploration experience to the Austral Gold team. Most recently, he was vice president of Latin America for Barrick Gold Corporation. He has been involved in the discovery of more than 50 million ounces of gold including two large greenfield discoveries at Barrick.
“This is a great opportunity to build on the strong foundation Austral Gold has in place. We have solid cash generating assets, excellent exploration upside and a pipeline of organic growth and acquisition opportunities,” said Wayne Hubert.
“In addition to his duties as chairman of the board, Wayne will support our investor relations efforts to increase the company’s market awareness. Raul Guerra’s experience is invaluable, and I look forward to his contribution to unlock and lead our exploration opportunities which is key to our growth strategy,” said Chief Executive Officer, Stabro Kasaneva.
“With the current global uncertainty and improvements in the outlook for gold and silver, I am delighted that two outstanding professionals like Wayne and Raúl accepted executive roles in the company. We’re at the stage where we need to strengthen our corporate strategy and increase the company’s visibility and positioning in the market,” said Eduardo Elsztain.
About Austral Gold
Austral Gold Limited is a growing gold and silver mining, development and exploration company building a portfolio of quality assets in Chile, the US, and Argentina. The company’s flagship Guanaco/Amancaya project in Chile is a gold and silver producing mine with further exploration upside. The company also holds the Casposo Mine (San Juan, Argentina), a ~26.46 percent interest in the Rawhide Mine (Nevada, USA) and an attractive portfolio of exploration projects including the Pingüino project in Santa Cruz, Argentina (100 percent interest) and the San Guillermo and Reprado projects near Amancaya (100 percent interest). With an experienced local technical team and highly regarded major shareholder, Austral’s goal is to continue to strengthen its asset base through acquisition and discovery.
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