OceanaGold chief executive resigns

OceanaGold (TSX: OGC, ASX: OGC) announced on Wednesday that its president and CEO, Mick Wilkes, is stepping down from the executive position as well as from the board for personal reasons.

The Company’s current chief operating officer, Michael Holmes, will take over as acting president and CEO, effective immediately.

“Mr. Wilkes joined OceanaGold in 2010 and led the transformation of the company from a single asset operator in New Zealand to a successful mid-tier gold mining company operating four mines across three jurisdictions,” the company said in a release.

The company’s stock in Toronto traded at C$1.55 per share midday, down 7.1% on Wednesday. OceanaGold’s market value is C$952 million.

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